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Ultimately, First Data looks ready for a second public life. First Data is expected to bring about a turnaround after going public, giving KKR the opportunity to cash in on its investment.
August 7
The Strawhecker Group -
Many payment companies are hosting hackathons to attract developer talent from outside their own ranks; MasterCard found that its own people are just as eager to bring their ideas to life.
August 7 -
Lending Club and Funding Circle are among the firms pledging to adhere to a range of self-imposed standards in small-business lending.
August 6 -
The New York Bankers Association is challenging the legality of a local law that is designed to cajole banks into making larger investments in poorer communities. The outcome could be an important precedent in relation to similar laws in other cities.
August 6 -
BB&T will dismiss most of a 21-person small business lending group who had been employed by Susquehanna Bancshares.
August 6 -
Standard Treasury team joined SVB Financial's information technology team this week to help it expand the bank's digital banking platform.
August 6 -
The Office of the Comptroller of the Currency has named Stephen Warren chief information officer.
August 6 -
SunTrust Banks participated in a drug sting in South Florida in which law enforcement officers and a former bank branch manager may have behaved improperly, according to a story in the Miami Herald.
August 6 -
BankUnited in Miami Lakes, Fla., has added a former New York state judge and a former Florida community bank chief executive to its board.
August 6 -
Webster Financial in Waterbury, Conn. has hired a deputy chief financial officer from Citigroup.
August 6
