November 3, 2022
Via: YahooU.S. Bank’s community development entity (CDE) – USBCDE, LLC – received $60 million of New Markets Tax Credit (NMTC) allocation from the U.S. Department of Treasury. The allocation was among the largest awarded in this round and is part of […]
October 26, 2022
Via: FinTech FuturesThe oversubscribed round was co-led by Mendon Venture Partners and National Bank Holdings Corporation and saw participation from banking giant JP Morgan, which came in with the largest investment. Existing investor Patriot Financial Partners and new investors Discover Financial Services, […]
September 20, 2022
Via: FinTech FuturesThe fresh funding brings the total capital raised by Monese to $208 million and will be used to grow its cloud-based Platform-as-a-Service (PaaS) business. Last year, Monese launched its PaaS business in a strategic partnership with Investec, which saw the […]
Activity, Capital and Risk, Investment Banking, Trading
August 28, 2022
Via: YahooThis year has been challenging for investors, as persistent inflation has been the big story. With this uncertainty, the S&P 500 index got off to its worst start in 52 years. The Federal Reserve is on a mission to bring […]
August 26, 2022
Via: YahooIn the latest trading session, U.S. Bancorp (USB) closed at $47.76, marking a +1.21% move from the previous day. This move lagged the S&P 500’s daily gain of 1.41%. Elsewhere, the Dow gained 0.98%, while the tech-heavy Nasdaq lost 0.02%. […]
August 23, 2022
Via: YahooYou can make that happen through passive income, and one of the best ways to generate it is by investing in dividend-paying stocks. Here are three dividend-paying bank stocks you can trust. U.S. Bancorp (NYSE: USB) is the parent company […]
Activity, Corporate Banking, Investment Banking
August 4, 2022
Via: FinTech FuturesThe new debt commitment follows Tabby’s $54 million Series B extension in March this year. Tabby says the investment “fortifies” its balance sheet and supports its sustained growth in transaction volumes and product expansion. It adds that it will continue […]
Activity, Investment Banking, Regulations
July 21, 2022
Via: JD SupraCryptocurrency investors, who were already in the icy clutches of the so-called “crypto winter,” now have another reason to shiver. Insolvency issues are cropping up with some frequency among crypto companies, which is shining a light on the lack of […]
July 18, 2022
Via: Banking DiveInvestment in technology is becoming a key expense driver for the bank. Expenses overall increased 8% for Citi, and 3% of that spend was driven by “transformation investments,” Mason said, with two-thirds relating to risk, control, data and finance programs. […]
July 15, 2022
Via: TechBullionSince people want to invest in bitcoin for more than two years to get a higher return on investment, they know that the hacking activities are increasing, and they are looking for a secure platform or storage to store their […]
June 29, 2022
Via: PR NewswireRetail investors are a force to be reckoned with. They have flocked to investing since the start of the pandemic and, just like the professionals, they need somewhere to get their investing fix. This article discusses this issue with reference […]
Activity, Investment Banking, Regulations
June 29, 2022
Via: FinTech FuturesThe fintech intends to launch gradually across the EU, starting with Belgium this summer, followed by Germany and Austria. Atlantic Money has already started onboarding UK customers who signed up for early access when the business came out of stealth […]
June 21, 2022
Via: PR NewswireU.S. International Development Finance Corporation (DFC) is an independent U.S. government’s development finance institution. DFC partners with the private sector to provide finance support and solutions for projects with great economic potential and new economical tools that enable it to […]
June 20, 2022
Via: FinTech FuturesOther investors in the round include footballer Paul Pogba, who has joined Wahed as brand ambassador, and a number of family offices and institutions. The Series B round will support the start-up’s ongoing growth phase, with plans to launch an […]
June 16, 2022
Via: YahooOn Wednesday, the Federal Reserve announced it is increasing its benchmark interest rate by 0.75% in its continued effort to fight inflation. Rising interest rates impact every part of the economy, from how much interest you earn on your deposits […]
May 25, 2022
Via: FinTech FuturesThe round saw participation from several financial institutions, including UOB; Hamilton Lane; SET Venture Holding, a subsidiary of the Stock Exchange of Thailand (SET); and Krungsri Finnovate, the corporate venture capital arm of Krungsri, Bank of Ayudhya. The funding will […]
May 17, 2022
Via: FinTech FuturesThe round saw participation from existing investor UDHC as well as other strategic investors Blizzard the Avalanche Fund, Inveniam, Redwood Trust, TrustLabs, Mirae Asset Venture Investment, Gate Ventures, LedgerPrime and StableNode, among others. The company says the financing will fuel […]
Activity, Channels, Investment Banking
April 20, 2022
Via: JD SupraWhether you’re an investor expanding your portfolio to include digital assets such as cryptocurrencies and tokens, a business that uses cryptocurrencies to engage in everyday transactions, or a crypto “miner,” you need to keep in mind the tax implications of […]
April 19, 2022
Via: YahooSignature Bank SBNY reported first-quarter 2022 earnings per share of $5.3, beating the Zacks Consensus Estimate of $4.31. Also, the bottom line substantially increased 63.6% from the prior-year quarter’s reported number. Increase in revenues, supported by a rise in net […]
Activity, Investment Banking, Retail Banking
April 12, 2022
Via: Banking DiveStep said it has designed the new investing feature responsibly, “with teens’ safety top of mind.” Parents will be able to oversee their teen’s access to the investing feature and will have the ability to manage their teen’s monthly limits, […]