Tagged financial services

March 15, 2022

Financial Institution

Maybank has launched its new personal digital finance Maybank which provides instant approval then disbursement in 10 seconds. Leveraging the bank's comprehensive credit risk metri...

News in brief

March 12, 2022

Mortgage lender opens at WalmartWalmart Inc. leases space in three stores from a mortgage lender, adding home loans to the list of financial services offered to Walmart customers.Lenders One Cooperative, a n...

MetLife Investment Management Creates $15.6 Billion in Private Placement Debt and Private Structured Credit in 2021

March 9, 2022

WHIPPANY, NJ--(BUSINESS WIRE)--MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced that it has issued $15.6 billion in private...

IIFL Finance partners with NIRA to provide personal loans

March 6, 2022

Financial Institution

IIFL Finance Limited, one of India's largest non-banking financial companies, has announced its collaboration with fintech NIRA as part of its strategy to strengthen its digital footprint. Thro...

ECN Capital Announces Adjusted Net Earnings of $0.06 per Common Share in Q4-2021 and $0.19 for Full Year 2021

March 1, 2022

Strong fourth quarter 2021 and full year 2021 results across all businesses TORONTO, March 01, 2022 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today announced its financ...

Purpose Investments publishes Longevity Pension Fund Income Policy on how the fund handles lifetime income payments to retirees

February 23, 2022

Purpose Investments Inc.LifeWorks report outlining how Longevity provides lifetime income at sustainable monthly distribution levels to Canadian retirees is now availableTORONTO, Feb. 23 12, 2022 (GLOBE NEWSWI...

Under domestic pressure, Japan’s agricultural lender withdraws from global investments

February 23, 2022

It was a situation that surprised many in the financial world: a low-key lender to Japanese farmers had become something of the biggest buyer of a structured product known as secured loan bonds.In 2019, N...

Comerica Bank Selects Jenae Anderson to Lead Commercial Banking in Colorado

February 16, 2022

Bank

In her previous role, Anderson was responsible for developing and leading the middle market banking team to Colorado, Wyoming and Montana comprised of nine bankers and eight analysts and leading minority-, wom...

Wolves benefit from funds from Matt Doherty

February 12, 2022

Tottenham Hotspur's Matt Doherty (left) and Chelsea's Callum Hudson-Odoi battle for the ball during the Premier League match at Stamford Bridge, London. Picture date: Sunday January 23, 2022..The defender left...

SoFi is ‘not just another neobank’, says Bank of America analyst

February 11, 2022

Bank

SoFi Technologies Inc. brought a new fan to Wall Street on Friday as a Bank of America analyst chimed in with a bullish view of the fintech company. Bank of America's Mihir Bhatia said h...

FNZ Raises $1.4 Billion in New Capital from CPP Investments and Motive Partners to Accelerate the Transformation of the Global Wealth Management Industry |

February 11, 2022

CPP Investments and Motive Partners commit US$1.4 billion in new capital in on...

First Port City Bank announces promotions, Nancy Jernigan to Director of Credit and Durand Childers promoted to Director of Banking Services

February 1, 2022

Bank

BAINBRIDGE, Ga., February 1, 2022 /PRNewswire/ -- First Port City Bank, today announced that Nancy Jernigan was promoted to director of credit and Durand Childer promoted to Chief Banking Officer, effective Fe...

Reliance Industries slips 7% in two days, loses over Rs 1 billion in market capitalization

January 25, 2022

Shares of Reliance Industries (RIL) fell 3% to Rs 2,305 on BSE in Tuesday's intraday, down 7% in the past two trading sessions, despite the company clarifying the loan of Rs 750 crore granted to Shapo...

Mercado Libre announces investments in Mercado Bitcoin and Paxos, references in the management of digital assets of cryptocurrencies

January 20, 2022

The deal strengthens the company's presence in the crypto space, boosting its development and adoption in the region. Paxos powers t...

Blender acquires a financial institution in Europe and increases its secured loan portfolio by NIS 112 million

January 18, 2022

- The acquisition should accelerate the process of obtaining a banking license, triple its credit portfolio and reduce financing costs by Europe.- Dr. Gal Aviv, CEO of Blender Financial Technologies Group: “Thi...

2 Fat yield increases by up to 10%, to capitalize on rate increases

January 16, 2022

svetikd/E+ via Getty Images Co-produced with "Hidden Opportunities" introduction Since the start of the pandemic, our economy has been given a major boost by the US government. Months of massive quantitative...

F88 secures a $10 million loan; Beacon Fund invests in Hoa Nang Organic

January 13, 2022

The impact investing space in Vietnam is booming, with financial services firm F88 raising a $10 million loan from impact debt investor Lendable, and gender-focused investme...

Reltime announces two new IEOs on P2PB2B and IndoEx

January 6, 2022

Oslo, Norway, January 6, 2022 (GLOBE NEWSWIRE) - Reltime is ready to launch its initial exchange offering on two platforms P2PB2B and IndoEx. The Reltime DeFi ecosystem is a global financial service fully co...

Grand Strand man loses $ 3.5,000 before vacation in banking app scam

December 24, 2021

Bank

MURRELLS INLET, SC (WMBF) - A man in Murrells Inlet ran out of thousands of dollars just before Christmas because he thought he was talking to someone at his bank who wanted to help him avoid falling victim to...

SimplyCash increases accessibility to credit for deserving Indians

December 23, 2021

NEW DELHI, 23 December 2021 / PRNewswire / - Like India continues to evolve and grow as an economy, financial inclusion has become extremely important to the country. It involves providing affordable and acc...

Community Bank Completes Sale of Two West Virginia Branches to Citizens Bank of West Virginia, Inc.

December 10, 2021

Bank

WASHINGTON, PA & ELKINS, West Virginia - (COMMERCIAL THREAD) - Community Bank, the banking subsidiary of CB Financial Services, Inc. (NASDAQGM: CBFV), and Citizens Bank of West Virginia, Inc., the...

ECN Capital announces the finalization of the sale of its service financing activity and its distribution to shareholders

December 6, 2021

TORONTO, 06 Dec. 2021 (GLOBE NEWSWIRE) - ECN Capital Corp. (TSX: ECN) ("ECN Capital"or the"Society") is pleased to announce that it has completed its previously announced sale to Truist Bank of all issued and...

The CARES Act and the forgiveness of student loans

December 1, 2021

About 42 million Americans have federal student loans, collectively owing $ 1.73 trillion. With the end of the CARES Act on January 31, borrowers will face increasing financial pressure as monthly payments res...

Explained: For PMC Bank depositors, restrictions on access to funds, interest

November 26, 2021

Bank

In a setbacks to depositors of the Punjab and Maharashtra Cooperative (PMC) Bank, the Reserve Bank of India, in its proposed plan to merge the bank with Unity Small Finance Bank Ltd (USFB), has imposed multipl...

Beacon Pointe announces KKR investment

November 15, 2021

KKR's investment will provide Beacon Pointe with growth capital to support key priorities and pursue the company's national expansion strategy through new office openings and acquisitions. Beacon Pointe's br...

Bridge Bank increases YES Leasing’s credit facility

October 26, 2021

Bank

Capital accelerates the growth of Yes Leasing in equipment financingPosted: October 26, 2021 at 9:08 a.m. EDT|Update: 16 minutes agoCOSTA MESA, California, October 26, 2021 / PRNewswire / - Bridge bank announc...

Grow Credit launches innovative credit creation plans starting at $ 1 / month

October 25, 2021

LAS VEGAS - (COMMERCIAL THREAD) - Today at Money20 / 20, Grow Credit, a financial inclusion platform committed to building credit and improving credit scores, announced the launch of three innovative p...

Ping An Bank launches cross-border wealth management services in the Grande Baie region

October 25, 2021

Bank

HONG KONG and SHANGHAI, 25 October 2021 / PRNewswire / - Ping An Insurance (Group) Company of China, Ltd. (hereinafter "Ping an"or the" Group ", HKEX: 02318; SSE: 601318) announced its subsidiary Ping a bank...

Kilmer calls for strong investments in affordable housing – The Suburban Times

October 23, 2021

Press release from the Office of Representative Derek Kilmer. On Monday, U.S. Representative Derek Kilmer (WA-06) joined Representative Ritchie Torres (NY-15) and more than 120 colleagues in Congress to ex...

Axis Announces Strategic $ 15 Million Investment by NowLake Technology, LLC | 2021-10-19 | Press Releases

October 19, 2021

MISSISSAUGA, ON, October 19, 2021 / CNW / - Axis Auto Finance Inc. (“Axis” or the “Company”), (TSXV: AXIS), a fintech lender serving the alternative auto finance market, announced $ 15 million strategic investm...

Mid Penn Bank Donates $ 125,000 to Pa. Breast Cancer Coalition |

October 10, 2021

Bank

MILLERSBURG - Mid Penn Bancorp, parent co...

What are Wrapped Tokens? | The motley madman

October 5, 2021

By placing the cryptocurrency in a special type of digital safe, one can create what is called an encapsulated token. Whose value depends on the stored Bitcoin, but th...

Gavin Newsom signs bill to study California public bank

October 5, 2021

Bank

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SouthEast Bank Welcomes New Chattanooga Vice President Roy Reeves

September 29, 2021

Bank

SouthEast Bank Welcomes Roy Reeves as New Vice President in Chattanooga. With over 13 years of experience in the financial services industry, Mr. Reeves is responsible for helping to develop the bank's...

TrueLayer grabs $ 130 million for valuation of over $ 1 billion as open banking becomes viable option for card networks – TechCrunch

September 20, 2021

Bank

Open banking - a disruptive technology that seeks to bypass the dominance of card networks and other traditional financial rails by allowing banks to open their systems directly to developers (and new ser...

Global stocks collapse as fears of Evergrande in China trigger risk By Reuters

September 20, 2021

2/2 Â© Reuters. FILE PHOTO: A man looks at a chart showing stock prices outside a brokerage house in Tokyo, Japan January 6, 2020. REUTERS / Kim Kyung-Hoon 2/2 By Lewis Krauskopf and Tom Arnol...

Banks are calling the IRS reporting plan a compliance and privacy nightmare. Is it?

September 20, 2021

Bank

WASHINGTON - Brawl over Biden administration proposal to use bank account data to fight tax evasion focuses on extent to which plan will increase banks' compliance burden and threaten privacy of their customer...

5 Altcoins That Could Change The Way We Use Money

September 19, 2021

As you venture into the world of cryptocurrency, at some point you have to consider the concept of money. Once upon a time, we traded with each other, trading one product for another. Maybe you would give me...

Why SoFi Technologies Share Could Increase 80%

September 17, 2021

INGLEWOOD, CALIFORNIA - SEPTEMBER 08: (LR) owner and president of Los Angeles Chargers Dean Spanos, Los ... Angeles Rams owner and president Stan Kroenke and Inglewood Mayor James T. Butts J...

First Bank & Trust Company Expands Commercial Lending Team in Bristol

September 14, 2021

Mitchell received his bachelor's degree from Cincinnati College of Mortuary Sciences and, later, his master's degree in business administration with a concentration in Phoenix University. After working with ...

Comerica Bank Detroit Lions First Down Program Begins Fifth Year of Supporting Community Partners | New

September 10, 2021

Bank

DETROIT, September 10, 2021 / PRNewswire / - As Detroit Lions Kick Off An Exc...

First Resource Bank provides resources to help protect the community from identity theft and cyber scams

August 25, 2021

Bank

EXTON, Pennsylvania., 25 August 2021 / PRNewswire / - First Resource Bank (OTCQX: FRSB) takes a proactive approach to helping customers and community protect themselves against identity theft and cyber scams. ...

Bates and Hilger join Cornhusker Bank team | Commercial achievements

August 22, 2021

Bank

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First Bank and Trust Company welcomes Kelly Vittatoe to Morristown, TN

August 11, 2021

Vittatoe is an active member of his community, currently a member of the Rotary Club of Bearden and the Lakeway Area Association of Realtors. She is also proud to be a member of Morristown and the Jefferson ...

State Street Services Putnam Investments’ first semi-transparent actively managed ETFs

August 11, 2021

BOSTON--(COMMERCIAL THREAD) - State Street Corporation (NYSE: STT) announced today that it has started working with Putnam Investments on serving the company's first semi-transparent and actively mana...

First National Bank of South Carolina Launches New Online Banking Website

August 11, 2021

Bank

MIRAMAR BEACH, Florida, August 11, 2021 / PRNewswire / - First National Bank of Caroline from the south, one of that of South Carolina oldest banks, receiving its founding charter under the name of The Bank o...

O-Bank supports underserved communities in Taiwan with financial innovations

August 11, 2021

Bank

O-Bank, a Taiwanese listed bank, has created a number of innovative products to better ... serving low-income and underserved communities. O-Bank Many large banks cater more to ...

Invest in peer-to-peer lending (P2P)

August 9, 2021

Daniel Foggo, CEO of RateSetter Peer-...

Alternative solutions to the use of personal loans