Investments

Merchant banking activities activities amount to more than $30 billion in direct investments, including more than $11 billion in renewable energy investments, a survey found.

The firm built a product to match the current moment, which is political, says CEO Hardeep Walia.

The investment will help BillPro's international expansion ambitions in a cross-border payments market that's expected to expand for technology-driven providers.

A Federal Reserve proposal to set higher capital requirements for certain physical commodities may contravene Congress’ intent by making possession of those assets financially untenable, financial groups claim.

Andy Sieg says the firm's digital wealth and mobile app investments are "a key strategic story."

MarketRiders is the latest digital platform aimed at a specific minority investor community.

As part of the closure, the Hong Kong company — whose brand in U.S. banking was closely linked with Mayo — has shut down its widely followed research division.

Activists are pressuring banks involved in financing the controversial Dakota Access pipeline to abandon the project. If banks remain committed, they risk alienating customers, but divestment could set a bad precedent.

Some banks are looking to hire advisers or buy firms, while others are looking to get out of the business entirely.

Trust and transparency can be strengthened and like-minded borrowers and banks can be brought together if transactions are “tagged” and investments are explained, argues Bruce Cahan, adjunct professor at Stanford University.

Elizabeth Warren getting shushed on the Senate floor gives her a much bigger (and wildly enthusiastic) audience for her message; ETFs set an example in female leadership for all of financial services; and more.

In a white paper published Thursday morning, the consulting firm Federal Financial Analytics warns that President Trump’s protectionist attitudes toward the manufacturing and industrial sectors may usher in a new era of uncertainty for the financial services industry.

Oaktree and Thomas H. Lee will still have large positions in the company after the planned sales.

Westpac in has been aggressive in supporting and adopting emerging merchant and payment technology in Australia.

The French company will still have a majority stake after selling 25 million shares.

Wendell Bontrager, formerly a regional president at Old National, will oversee operations, lending at strategy at Equity.

The Lompoc, Calif.-based CU is building a new main office in Santa Maria, Calif., after topping the $1 billion mark.

Wealthsimple is backed by the same investor, Power Financial, that last year injected $75 million into Personal Capital.

Banks are becoming more comfortable with robotic process automation and could use it overhaul everything from the payroll functions to advising customers.

Deloitte is looking to diversify beyond its "bread and butter" of professional service firms.