JACKSONVILLE, Fla. - (12/20/04) -- Title insurer giant FidelityNational Financial Inc. announced last week it has agreed toacquire ClearPar LLC, a Valley Cottage, N.Y., provider of onlinesettlement systems for primary and secondary loans. Terms of thedeal were not disclosed. The acquisition comes two weeks afterFidelity announced a recapitalization plan, which included the saleof 25% of its financial outsourcing unit for $500 million and newloan agreements for $2.8 billion.
PayPay is the latest international fintech to signal entry into the U.S. fintech investor market with an IPO that has been planned by SoftBank for years.
Attorneys from Holland & Knight warn that Treasury is targeting financial services companies in Minneapolis and at the southern border in an AML crackdown.
First National Corp. in Virginia announced the sale of its two North Carolina branches. Meanwhile, a number of larger competitors are laying plans for growth in the Carolinas.
After losing nearly $700 million in the fourth quarter as bitcoin's valuation tanked, Brian Armstrong stressed product diversification will help the company navigate the downturn.
The New York bank's technology leaders have been working to reengineer back-office work and give some of it to Anthropic's Claude generative AI model.
The Bureau of Labor Statistics released its January Consumer Price Index Friday, showing that inflation rose 0.2%, while the annual rate eased to 2.4% after holding at 2.7% for several months. The data reduces the likelihood that the Federal Reserve will cut interest rates in the near future.
