Investments

The investment platform, which is in the early stages of development, will be part of Marcus, the consumer bank Goldman launched in 2016.

The company could use its share of proceeds from the IPO to repay debt and pursue bank acquisitions.

The initial public offering of payment-service company Nexi SpA raised 2.01 billion euros ($2.3 billion), making it the biggest listing in Europe so far this year and the third major IPO of a payment-processing institution in the region in less than a year.

Over time, Pinterest has built a powerful e-commerce and payments engine underneath its social network site. This enables any Pinterest post to double as a portal for commerce — one that is especially powerful on mobile.

B. Riley FBR initiated equity coverage of the mortgage giant, citing housing finance reform proposals that could result in Fannie and Freddie Mac being released from conservatorship.

CEOs at Bank of Montreal and TD Bank Group say they are unlikely to touch the American cannabis industry until the laws change.

As bankers' skepticism about blockchain deepens, crypto firms should demonstrate how the technology can help financial companies, such as by extending access to the underbanked, says Hinkes, a prominent advocate of blockchain.

Even before Tim Sloan stepped down as chief executive of the scandal-stung Wells Fargo, the bank had already gotten back into the good graces of the biggest U.S. state.

Under the plan, large banks would have to hold additional capital if they purchase another bank's "loss-absorbing" debt that is used to contain fallout from a collapse.

CUSO Financial Services, which was acquired by Atria Wealth Services in 2017, is being sued for allegedly violating FINRA rules.