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The Providence, Rhode Island, company has agreed to buy DH Capital, a capital markets advisory firm specializing in the tech and communication sectors. It already has bought a valuation consulting firm and has three acquisitions pending.
December 15 -
LoanMart cannot market or service certain auto title loans for nearly two years under a consent agreement announced Wednesday. The company had partnered with an out-of-state bank in an apparent effort to get around the state’s 36% interest rate ceiling.
December 15 -
The fintech, which provides crypto custody services to financial institutions and recently obtained a national trust bank charter, will use its Series D funding to increase the size of its team and strengthen its infrastructure.
December 15 -
The use of artificial intelligence and machine learning in financial services, while promising, is not without risk. It's on federal regulators to ensure that algorithms relied on by banks and credit unions aren't harming businesses and consumers.
December 15
Alliance for Innovative Regulation -
Take an inside look at leading issues in financial and social inclusion with an industry expert.
December 15 -
Goldman Sachs is boosting its wealth management and consumer banking business as part of a strategy outlined by Chief Executive David Solomon to make it less reliant on trading.
December 15 -
The basketball star Kevin Durant and his company Thirty Five Ventures have signed a multiyear deal with Coinbase Global to promote the cryptocurrency platform across his businesses.
December 15 -
Daniel Pinto was awarded 750,000 options in the form of stock-appreciation rights ahead of his promotion next month to sole president of the company.
December 15 -
The issuer will help Skipify develop technology that recognizes returning customers at e-commerce sites, pre-fill payment details and provide access to loyalty programs.
December 15 -
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Conservative groups have sued the Securities and Exchange Commission and the state of California to overturn rules requiring banks and other companies to add more women and minorities as directors. Experts say the legal challenges are unlikely to change how corporations think about boardroom diversity.
December 14 -
Neither Federal Deposit Insurance Corp. Chair Jelena McWilliams nor the board’s three Democratic directors gave ground in their dispute over control of the agency and the direction of bank merger policy during a meeting Tuesday.
December 14 -
More than 180 community development financial institutions and minority depository institutions will receive the federal funds under a pandemic-era program. “It’s a lifesaver,” a credit union CEO said.
December 14 -
Dane County Credit Union and Heartland Credit Union, both in Madison, have long collaborated on local initiatives.
December 14 -
First Commonwealth Federal Credit Union will gain its first locations in the Garden State by combining with Baker Federal Credit Union.
December 14 -
The funding is tied for the second-largest crypto- or blockchain-related venture capital deal of the year with FTX Trading’s $1 billion round in July, after Robinhood Markets' $3.4 billion raise in January, according to PitchBook data.
December 14 -
An investor who holds nearly 10% of Pacific Enterprise Bancorp shares urged others to oppose BayCom Corp’s $53 million acquisition offer, arguing that the price was too low. Despite this, a majority of both banks' shareholders voted in favor of the deal.
December 14 -
Its new widget allows consumers to initiate a payment from their phone's home screen instead of opening an app to potentially reveal their full banking details to prying eyes.
December 14 -
Sandra Thompson has won praise from homeownership advocates for suspending a fee imposed on borrowers that was meant to recoup Fannie Mae and Freddie Mac's pandemic-related losses, among other actions she reversed. On Tuesday, President Biden said he will nominate her to be the permanent director of the Federal Housing Finance Agency.
December 14 -
Allan Kemp McMorris was previously CEO of Oakland County Credit Union. He joined Vibe when the two organizations merged in 2019.
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