Tag: finance

August 22, 2023

Florida property owners stuck with higher premiums and new flood insurance mandates may want to nudge their local governments to take a look at the town of Cutler Bay and the counties of Monroe, Pinellas and Ocala. Those jurisdictions are […]

August 21, 2023

If 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 18, 2023

Bank acquisitions of insurance brokerages have been on a steady decline for the better part of 15 years. In 2007, these transactions represented approximately 21.7% of total announced insurance brokerage merger and acquisition (M&A) transactions. By 2012, that percentage dropped […]

August 17, 2023

The 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 17, 2023

Would you entrust your savings to Elon Musk? The question may seem hyperbolic, but essentially, that’s the multi-billion dollar query at the heart of Musk’s “everything app” vision, that he’ll be able to convince millions, even billions of people to […]

August 16, 2023

As 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 15, 2023

Citizens Bank of Edmond CEO Jill Castilla’s latest venture combines two key elements of her professional life: financial services and the military. For the past several years, the bank executive and military veteran has been building a national digital bank […]

August 14, 2023

The list of credit unions and community banks engaging with the service now includes ACFCU, Barksdale Federal Credit Union, Eglin FCU, Financial Edge, First Credit Union, Highmark Federal Credit Union, PeopleFirst FCU and TruStone Financial CU, among others. Bolstered by […]

August 11, 2023

Revolut confirmed this week that from 2 September, its US customers will no longer be able to place buy orders for crypto with the bank, with access due to be fully disabled from 3 October. Speaking to FinTech Futures, a […]

August 10, 2023

Citing a survey result, Greenlight says 84% of teenagers between the ages of 18 and 19 have zero credit history, limiting their opportunities to get their first job, or buy a car and a home. Additionally, Greenlight’s research suggests that […]

August 9, 2023

The company says its latest offering, SumUp Cash Advance, will help merchants in the UK finance their operations by furnishing advances of up to £20,000 based on their payment history. Merchants can then pay the advances back through payment acceptance […]

August 9, 2023

European assets began trading on the front foot this morning after the announcement of a surprising Italian bank tax sent markets lower yesterday. The tax had been brought up before but had since gone off the boil, so while markets […]

August 8, 2023

At 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 8, 2023

A shareholder sued KeyBank on Friday, claiming the Cleveland-based lender misled investors about its liquidity when it revised its projection for net interest income this year. The bank adjusted its NII estimate to a range of 1% to 4% — […]

August 7, 2023

From 2 September 2023, Revolut’s US customers will no longer be able to place buy orders for crypto with the bank, with access due to be fully disabled a month later. A spokesperson for the bank told FinTech Futures that […]

August 7, 2023

Now that regulators in Washington have unfurled a hefty reform package of post-financial crisis capital regulations, banking industry advisers are honing in on what they consider most disruptive, including risk management requirements that could affect real estate lending, consumer credit […]

August 1, 2023

Truck freight volume and spending in the second quarter of 2023 declined by the highest levels since the early days of the pandemic, the latest U.S. Bank Freight Payment Index revealed. Spending by shippers dropped 10.9% compared to the second […]

August 1, 2023

Over 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 […]

August 1, 2023

Banks have tightened lending standards as the Fed, beginning in March 2022, raised interest rates 11 times — the most aggressive pace in four decades. Policymakers, aiming to curb inflation to the central bank’s 2% target, increased the federal funds […]

July 31, 2023

The 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 […]