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Social Finance Inc., the online-lending platform known as SoFi, is planning an initial public offering that would value the company at $3.5 billion, people with knowledge of the matter said, almost triple what it received in a recent funding round.
March 6 -
Banc of California in Irvine got a shot in the arm from its acquisition of 20 Popular Community Bank branches in the fourth quarter.
March 6 -
Two activist groups are urging the Fed and OCC to investigate whether OneWest used donations and other sweeteners to buy community support for its sale to CIT.
March 6 -
Some banks have begun to make changes in how they activate customers' credit-card accounts to use Apple Inc.'s new mobile-payment system after reports of fraudulent transactions, according to industry consultants.
March 6 -
PrivateBancorp, despite having one of banking's most rate-sensitive loan books, has grown earnings by relying on fee diversification and new specialty lines. CEO Larry Richman discusses the growth strategy and what he expects when rates do finally rise.
March 6 -
The company began to seriously consider its options when Bank of America agreed to sell nearly two dozen Michigan branches in early 2013. Chemical Financial eventually agreed to buy Lake Michigan for $184 million.
March 6 -
ATMs in some key Las Vegas locations will allow consumers to obtain U.S. dollars with foreign payment cards through Monex Financial Services' dynamic currency conversion technology.
March 6 -
WASHINGTON Loan demand continues to increase across the country, even though some economic sectors are still struggling, according to a report released Wednesday by the Federal Reserve Board.
March 6 -
A new service from Cardtronics asks consumers to pay up to $10 a month for unlimited access to 5,000 of the company's ATMs. That may not sound like a great deal but it could have a lot of appeal among people who make use of alternative financial services.
March 6
Arizent
