Category: Investment Banking

November 30, 2020

HSBC’s U.S. retail unit lost $518 million before taxes in the first three quarters of 2020 — a margin that has widened from $182 million in 2018 and $279 million last year, according to the Financial Times. A pullout would […]

November 17, 2020

It also generally means higher interest rates on loans, which is good for a bank’s bottom line. The United States has gone into recession, Federal Reserve-managed prime interest rates dropped to the 0%-0.25% range, and millions of people were losing […]

November 16, 2020

PNC Financial Services (PNC) – Get Report will acquire the U.S. banking operations of Spain’s BBVA (BBVA) – Get Report for $11.6 billion in cash, making it the biggest regional bank by assets under management in the U.S. Pittsburgh-based PNC […]

November 12, 2020

SME Finance has received the backing to help it service small and medium-sized enterprises (SMEs) in Lithuania, Latvia, and Estonia. The firm provides finance for the transport, retail, wholesale, production, and services sectors. Clients can apply using its “full automated” […]

November 5, 2020

The S&P 500 and the Nasdaq’s 2.2% and 3.85% respective rise on Wednesday has perked up investors despite the election uncertainties. However, banking stocks stood on the other side witnessing losses. The yield on benchmark 10-year Treasury note plummeted sharply […]

October 6, 2020

First MainStreet Insurance L.C. (FMSI), an affiliate of TrueNorth Companies L.C., has acquired two Iowa agencies: Brummel Madsen Insurance in Cedar Falls and The Engel Agency in Maquoketa. Brummel Madsen Insurance has been serving the Cedar Valley area since 1960. […]

October 5, 2020

The new business combines the latest AI technologies, including machine learning (ML) and natural language processing (NLP), to uncover hidden insights within data and alerts users to key factors influencing their investments. The suite is comprised of four products, each […]

September 29, 2020

Citi’s new three-year initiative focuses on providing greater access to banking and credit in Black majority communities. The bank also plans to expand its investment in Black-owned businesses and see more Black Americans owning homes. “We are in the midst […]

September 25, 2020

The fresh capital puts Robinhood’s valuation at $11.7 billion, an increase of $700 million since last month. Commits for the latest $460 million came from existing investors. These include Andreessen Horowitz, Sequoia, Ribbit Capital, 9Yards Capital, and D1 Capital Partners. […]

September 23, 2020

American Express (AXP) – Get Report shares fell Wednesday after Bank of America Securities analyst Mihir Bhatia downgraded the credit card and travel services company to underperform from neutral and trimmed his share-price target to $95 from $106. “Bank of […]