March 4, 2024
Via: FinTech FuturesThe CIEF has been launched to provide funding to Community Development Finance Institutions (CDFIs). CDFIs are non-profit lenders including community development banks, credit unions, loan funds and venture capital funds which service underserved communities specifically with small business loans, real […]
February 29, 2024
Via: FinTech FuturesThe group – which is headquartered in Kansas City and includes CRB Securities and embedded finance solutions vendor Cross River Bank – says the new division will work to advise fintechs on “their most critical decisions, including mergers and acquisitions, […]
Activity, Investment Banking, News
February 5, 2024
Via: FinTech FuturesThe German investment bank says the cuts will mainly apply to “non-client-facing areas” as it looks to streamline its business in Germany and lower its annual total operating cost to €20 billion by 2025. Deutsche Bank currently employs around 90,000 […]
January 4, 2024
Via: YahooThe most recent trading session ended with U.S. Bancorp (USB) standing at $43.21, reflecting a +1.08% shift from the previouse trading day’s closing. The stock’s performance was ahead of the S&P 500’s daily loss of 0.34%. Meanwhile, the Dow gained […]
December 20, 2023
Via: JD SupraAs previously reported, regulations and restrictions on Foreign Direct Investment (“FDI”) have expanded quickly in the United States and in many of its trading partner countries around the world. FDI has been further complicated in the U.S. by the passage […]
December 11, 2023
Via: Banking DiveAs trucking firms seek to move past sluggish conditions, the market continues to claw at loan repayments and carriers’ ability to survive. The failure of Citizens Bank of Sac City, in Iowa, last month and credit risks with some banks’ […]
November 28, 2023
Via: FinTech FuturesThe £925 million refinancing plan, compiled by Morgan Stanley and Moelis, comprises a £325 million equity capital raise and £600 million in debt financing. It also raises the stake of the bank’s largest shareholder, Colombian billionaire Jaime Gilinski Bacal’s Spaldy […]
November 16, 2023
Via: PR NewswireSilverflow, a cutting-edge payment processing technology company, has secured a €15 Million investment led by industry veterans and payments experts at Global Paytech Ventures. Picus Capital, Coatue, Crane Venture Partners, Inkef, and several angel investors also participated with a valuation […]
November 9, 2023
Via: FinTech FuturesThe round also saw existing investor Dubai Investments acquire an additional 7.68% equity stake in the challenger, increasing the group`s holding in the bank from an initial 9.25% to 16.93%, subject to regulatory approvals. While the latest funding has taken […]
November 2, 2023
Via: FinTech FuturesThe bank’s “long-term” shareholders, BBVA, Toscafund and Infinity Investment Partners, took part in the private capital raise. The trio of investors previously enabled the bank to secure £105 million in funding last year across two capital raises. Atom says the […]
Activity, Investment Banking, Regulations
November 1, 2023
Via: Banking DiveThe Securities and Exchange Commission is investigating the cash sweep options Wells Fargo provides to investment advisory clients at account opening, the bank disclosed in a regulatory filing on Tuesday. Wells Fargo Advisors offers a sweep feature with three options […]
October 17, 2023
Via: FinTech FuturesNMTCs typically come with favourable interest rates and non-traditional financial terms and conditions, helping to attract investment from private entities, banks and corporations. Investors then leverage the NMTCs to finance development projects in underserved and low-income communities, often in the […]
August 30, 2023
Via: FinTech FuturesMoonPay Ventures aims to focus on early-stage companies looking to build Web3 experiences and drive “industry-wide value” through increased adoption of the technology. It has already made a number of investments in the space, including in companies such as BCB […]
August 24, 2023
Via: FinTech FuturesMateu Batle, the fintech’s CEO and co-founder, confirmed that the investment is to be applied to support its growth and expansion, which includes attracting more SMBs to the platform. This ambition will be further reinforced by the planned integration of […]
Activity, Corporate Banking, Investment Banking
August 21, 2023
Via: Banking DiveIf an ICG split happens, it wouldn’t be the first time a major Wall Street bank has spread out responsibility from two or three pillars to five. Wells Fargo in 2020, split its wholesale bank into a commercial unit and […]
August 17, 2023
Via: FinTech FuturesThe fintech says the expansion and refinancing of its existing credit facility will “sustain its efforts in helping underserved clients” as it seeks to grow its current portfolio and presence in the US market. “This deal not only strengthens our […]
August 16, 2023
Via: FinTech FuturesAs a Minority Depository Institution (MDI) and a US Small Business Administration Preferred Lender, Tasi Bank, a division of the Bank of Guam, supports a consolidated offering of banking and fintech capabilities to serve the region’s financially excluded communities, with […]
August 8, 2023
Via: YahooAt Light Tree, in addition to renovating existing apartments and building additional units, residents now have many new amenities to enjoy including community gardens, a basketball court, play structure and a pool. In 1966, Light Tree Apartments opened in the […]
August 1, 2023
Via: YahooOver the last few years, inflation, rising interest rates and high costs for just about everything have impacted nearly everyone – but for Gen Z, the economic environment has had a profound impact, a new U.S. Bank survey found. Members […]
July 31, 2023
Via: FinTech FuturesThe new facility, which has been provided by client funds managed by US investment banking company Neuberger Berman, will be used to originate additional credit card accounts and boost the growth of its existing cardmember relationships. Founded in 2017 and […]