Category: Investment Banking

Activity, Corporate Banking, Investment Banking

Mastercard bets on matchmaker of small banks, fintechs

June 4, 2021

Via: Banking Dive

Synctera’s ability to haul in so much money probably has something to do with the marquee Silicon Valley name leading the company, CEO and co-founder Peter Hazlehurst, who headed ride-hailing company Uber’s management of global money flows. He left last […]

Activity, Investment Banking

DailyPay raises $500 million of capital “to transform the financial system”

May 25, 2021

Via: FinTech Futures

The company says the money will be invested “in new market opportunities”. DailyPay was founded in 2016. Its HQ is in New York and the operations are in Minneapolis. It says it’s on “a mission to build a new financial […]

Activity, Investment Banking

New York wealthtech Vise raises $65m, hits $1bn valuation

May 24, 2021

Via: Banking Technology

Led by Ribbit Capital, the round also saw participation from existing investor Sequoia Capital. “This latest round caps an incredible 12 months for Vise,” the company says. “Since our Series A round last May, we have increased our assets under […]

Activity, Investment Banking, Retail Banking

Wells Fargo to offer crypto investment product for wealthy clients

May 20, 2021

Via: Banking Dive

Much like cryptocurrency’s fluctuation in value, the status of digital assets in the financial services landscape has long been volatile. Some banks, fearing digital assets’ potential to be linked to money laundering and nefarious financing, have remained wary of entering […]

Activity, Investment Banking

Treasury Prime raises $20m in Series B cash to fuel BaaS expansion

May 18, 2021

Via: FinTech Futures

Deciens Capital and QED Investors co-led the round, which also featured returning backers Susa Venturea and SaaStr Fund. Targeting banks and financial institutions, Treasury Prime offers automation software which aims to streamline back-office workflows. It provides services for payments, automatic […]

Activity, Investment Banking

10 Best Bank Stocks for Dividends

May 10, 2021

Via: Yahoo

The COVID-19 pandemic was an unexpected event that led to an economic recession, causing widespread concern and global shock. The banking industry was not immune to this. According to McKinsey, the problems caused by the pandemic for the banking industry […]

Activity, Investment Banking

Deutsche Bank reports its best quarterly profit for seven years

April 28, 2021


LONDON — Deutsche Bank on Wednesday reported a 908 million euro ($1.1 billion) profit for the first quarter, buoyed by continued strong performance in its investment banking division. The bank vastly exceeded analyst expectations for net income of 642.95 million […]

Activity, Investment Banking

HSBC shares in Hong Kong up 2.7% after pre-tax profit in the first quarter beat expectations

April 27, 2021


HSBC shares jumped 2% after Europe’s largest lender by assets reported first-quarter pre-tax profit that beat estimates but reported revenue was down. Hong Kong-listed HSBC shares traded up 0.44% prior to the earnings release. The London-headquartered bank, which makes most […]

Activity, Investment Banking

Goldman Sachs invests $69 million in British digital bank Starling

April 19, 2021


LONDON — British digital bank Starling has raised £50 million ($69 million) in funding from Goldman Sachs’ growth equity investment arm. The fresh cash comes on top of a £272 million investment round Starling announced last month that valued the […]

Activity, Capital and Risk, Investment Banking, Trading

Morgan Stanley is set to report first-quarter earnings – here’s what the Street expects

April 16, 2021


Morgan Stanley is set to report first-quarter earnings before the opening bell on Friday. Here’s what Wall Street expects: Earnings: $1.70 a share, 68% higher than a year earlier, according to Refinitiv Revenue: $14.1 billion, 49% higher than a year […]