Finance

The venture capital firm Anthemis seeded 21 fintech startups in its first discretionary fund, which raised $106 million. It favors management teams made up of people from all walks of life who have fresh ideas about shaking up banking and insurance.

Tight margins, regulatory clarity and a renewed appetite to expand have made mortgage brokers and the wholesale channel attractive again, at least to the small and medium mortgage lenders.

The Golden Contract Coalition, formed in mid-2016 to get community banks better deals with the “big three” core systems vendors, said banks need help with buying from fintech sellers as well.

Wells has helped gun and ammunition companies access $431 million in loans and bonds since the 2012 Sandy Hook shooting. Other financial firms that are active as bookrunners for gunmakers include Morgan Stanley, TD Securities, Bank of America and JPMorgan Chase.

Royal Bank of Scotland Group has agreed to pay $500 million to the state of New York after a $5.5B agreement last year with the FHA, and another probe is pending.

Deposit prices are starting to rise, deposit growth is slowing, commercial loan growth remains tepid (with some exceptions) and concerns are mounting about the economic toll of U.S. trade policy, bank executives said just a few weeks ahead of the end of the quarter.

The company received bad news about the commercial loan after it reported a narrow profit in mid-February.

Two groups have announced plans to open banks in the state, and several others have had talks with regulators. Is there room for more?

Sterling would gain $458 million in loans and an origination platform by acquiring Advantage Funding Management.

OP Bancorp in Los Angeles aims to raise $20 million to fund organic growth and acquisitions.

Spirit Community Bank would be based in Statesville, a community about 45 miles north of Charlotte. A separate set of organizers has already shared plans to open a bank east of Charlotte.

RecargaPay, an eight-year-old mobile payments platform targeting unbanked and underbanked consumers in Brazil, has secured $22 million in funding to reach more users and merchants.

Customer support may seem like it's innovating through the use of artificial intelligence and chatbots, but all of that is built on a foundation that's stuck in the stone age.

Parkway Acquisition in Virginia has agreed to buy Great State Bank for nearly $15 million.

The nonprofit is turning to banks and social impact investors to help significantly increase the size of its loan portfolio over five years.

LendingClub, Marlette and others are looking at additional changes to both their securitization and whole-loan-sale programs that could further broaden their investor bases.

The booming U.S. economy continues to fuel earnings at Toronto-Dominion Bank — and President Trump's tax cuts will only make things better.

A debate is brewing about whether rising rates mean banks must pay more to hold onto deposits from city and county governments — and whether they are worth it. Some would say no question on both counts, while others say it all depends on the financial strategy of the client and how badly the bank needs that client.

The goal of the competition is to increase diversity in the financial technology industry.

Ocwen Financial Corp.'s acquisition of PHH Corp. will help the nonbank servicer rebuild scale that's been diminished by years of regulatory restrictions and the decline in distressed mortgage volume brought about by improvements in the overall housing market.