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Tag: finance


Activity, Investment Banking

U.S. Bancorp (USB) Outpaces Stock Market Gains: What You Should Know

March 24, 2023

Via: Yahoo

U.S. Bancorp (USB) closed at $35.06 in the latest trading session, marking a +0.78% move from the prior day. The stock outpaced the S&P 500’s daily gain of 0.3%. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq added 0.34%. […]


Activity, Corporate Banking

JP Morgan snaps up VC investment analytics software firm Aumni

March 23, 2023

Via: FinTech Futures

The acquisition, expected to close in H1 2023, will build out JP Morgan’s private markets platform for companies, employees and investors. The US multinational says the deal will complement its recent acquisition of Global Shares and the launch of its […]


Capital and Risk, Liquidity

Gold Gains After Fed’s Dovish Hike Reinforces Bullish Trend, Breakout in Play

March 23, 2023

Via: DailyFX

Gold prices surged on Thursday amid U.S. dollar weakness after the FOMC delivered a dovish interest rate hike and signaled that its tightening campaign may be nearing its end. In late morning trading, XAU/USD was rallying about 1% to $1,986, […]


Capital and Risk, Insurance

Natural Catastrophes Cost Insurers $125 Billion in 2022: Swiss Re

March 22, 2023

Via: Insurance Journal

Natural disasters in 2022 brought global economic losses of US$275 billion, of which insurance covered 45%, or US$125 billion, according to Swiss Re’s latest sigma report. Claims from Hurricane Ian in Florida, record breaking losses from hailstorms in France, floods […]


Capital and Risk, Liquidity

US Crude Oil Knocked Back By Shock Inventory Build As Fed Looms

March 22, 2023

Via: DailyFX

Crude oil markets are trading cautiously like most others on Wednesday in Europe as investors await the United States Federal Reserve’s March monetary policy decision, due later in the global day. On a more market-specific note, a shock rise in […]


Capital and Risk, Trading

Fifth Third Bancorp (FITB) Surges 5.1%: Is This an Indication of Further Gains?

March 21, 2023

Via: Yahoo

Fifth Third Bancorp (FITB) shares rallied 5.1% in the last trading session to close at $26.21. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to […]


Regulations

FTX debtors sue Bahamas arm over ownership claims

March 21, 2023

Via: Banking Dive

Failed crypto exchange FTX and its sister companies Alameda Research, FTX US, and FTX Trading filed a lawsuit Sunday against FTX Digital Markets, the companies’ Bahamas-based subsidiary, which they allege wrongfully claimed ownership of the firms’ assets. The FTX debtors, […]


News

NYCB’s Flagstar to buy large portion of Signature Bank

March 20, 2023

Via: Banking Dive

New York Community Bank subsidiary Flagstar acquired a large segment of Signature Bank for $2.7 billion, NYCB and the Federal Deposit Insurance Corp. announced Sunday. Included in NYCB’s purchase are $38.4 billion in assets, $25 billion in cash, $12.9 billion […]


Activity, Investment Banking

Why US Bancorp Stock Was Down 15.1% This Week

March 17, 2023

Via: Yahoo

US Bancorp (NYSE: USB), the holding company for US Bank, saw its stock price plummet 15.1% this week from last Friday’s close through 10 a.m. ET today, according to S&P Global Market Intelligence. The stock is trading at about $34.50 […]


Channels

South Africa rolls out PayShap, a new real-time digital payments service

March 17, 2023

Via: FinTech Futures

PayShap was born out of the Rapid Payments Programme, led by BankservAfrica and South Africa’s payments industry, as part of SARB’s Vision 2025, which sets out nine goals to improve the country’s payment system. With PayShap, consumers will have access […]


Activity, Corporate Banking

BNP Paribas and Hokodo team up to launch new B2B BNPL offering

March 16, 2023

Via: FinTech Futures

The new offering, which can be integrated into existing checkouts via an API, will enable multinational corporates to provide payment alternatives such as BNPL to their business customers. Hokodo says that through its real-time credit decision process and “highly configurable” […]


Capital and Risk, Insurance

Insured Losses From N. Zealand Floods Estimated at US$1.02B, With Profit Hit Expected

March 15, 2023

Via: Insurance Journal

The initial insured losses for the recent floods in the North Island of New Zealand are estimated at NZ$1.65 billion ($1.02 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. Losses incurred so far in […]


News

SVB’s Lack of Risk Officer Emerges as Focus in Fed Probe

March 15, 2023

Via: Insurance Journal

Silicon Valley Bank’s lack of a chief risk officer for much of last year is being examined by the Federal Reserve as part of its probe of the bank’s failure, two people familiar with the matter said. SVB revealed in […]


Capital and Risk, Trading

15 Best Bank Stocks to Buy Now According to Hedge Funds

March 14, 2023

Via: Yahoo

In this piece, we will take a look at the 15 best bank stocks to buy now according to hedge funds. For more bank stocks, head on over to 5 Best Bank Stocks to Buy Now According to Hedge Funds. […]


News

U.S. Bank named one of the 2023 World’s Most Ethical Companies

March 13, 2023

Via: Yahoo

For the ninth consecutive year, U.S. Bank has been named one of the World’s Most Ethical Companies by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. “This award reflects our employees and […]


Regulations

US regulators shutter New York’s Signature Bank following SVB collapse

March 13, 2023

Via: FinTech Futures

In a joint statement, Treasury secretary Janet Yellen, Federal Reserve board chair Jerome Powell, and Federal Deposit Insurance Corporation (FDIC) chair Martin Gruenberg outlined how they are taking “decisive action” to strengthen confidence in the banking system. As well as […]


Capital and Risk, Credit

5 Key Takeaways From the State of Commercial Banking

March 10, 2023

Via: Bank Director

In January, Q2 released the 2023 State of Commercial Banking Report, which analyzed data from Q2’s PrecisionLender proprietary database that includes commercial relationships from more than 150 banks and credit unions throughout the United States, along with other sources. Report […]


Capital and Risk, Operational

Executive panel: key banking cybersecurity developments for 2023

March 6, 2023

Via: FinTech Futures

1. Artificial intelligence (AI) and machine learning (ML) As cybercrime continues to become more sophisticated, banks are adopting technologies that can keep up with the threats. AI and ML are among those technologies that are playing an important role in […]


Capital and Risk, Trading

U.S. Bancorp (USB) Dips More Than Broader Markets: What You Should Know

March 2, 2023

Via: Yahoo

U.S. Bancorp (USB) closed at $47.31 in the latest trading session, marking a -0.88% move from the prior day. This change lagged the S&P 500’s daily loss of 0.47%. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, […]


Capital and Risk, Credit

As credit unions push for diversity, politics start to push back

March 2, 2023

Via: American Banker

As more credit unions take steps to improve diversity, equity and inclusion, executives and other experts are debating how much progress has been truly made since the death of George Floyd in 2020. The culture war dominating the political news […]