Wall Street’s main indexes edged higher in choppy trading on Monday, as investors awaited fresh economic data and comments from Federal Reserve officials for more clarity on monetary policy. Apple and Microsoft helped arrest the losses with gains of 2.1%…
Category: Finanace
Manulife Financial Corporation to Issue S$500 million 4.275% Subordinated Notes Due 2034
Manulife Financial Corporation (“Manulife”) announced today that it has priced an offering in Singapore of S$500 million principal amount of 4.275% subordinated notes due June 19, 2034 (the “Notes”). The offering will be made pursuant to an offering circular dated June 11, 2024 and will qualify as Tier…
Fintechs secure almost half of all new checking accounts, report finds
The finding: Most types of financial institutions (FIs) are losing ground in new checking accounts, while fintechs’ market share is growing quickly. That’s according to Cornerstone Advisors’ 2024 Digital Banking Performance Metrics report. By the numbers: Between 2020 and 2024, traditional banks’ share of…
BancTrust & Co. Investment Bank Announces New Hire to Reinforce its Finance & Operations Team
LONDON, Dec. 20, 2023 /PRNewswire/ — BancTrust & Co. Investment Bank (BancTrust), the London-based Emerging Markets boutique investment bank, is pleased to announce a key hire to its global Finance and Operations team. The Emerging Markets investment bank has appointed Neil Harrison as its Chief Finance…
Peacock Is Raising Prices
Peacock is raising its prices, its first such raise since the streaming service debuted two years ago. Peacock is NBCUniversal’s streaming service, serving up a wealth of content. The service offers three separate plans. Both the Free and Premium plans are…
Amazon Earnings Out, Sales up 22%
Amazon just announced its earnings for Q4 with sales up 22% to $35.7 billion. Operating cash flow was up 74% to $11.9 billion over the year with free cash flow up to $7.3 billion. EPS was $1, which was significantly…
US Government Announces $5 Billion EV Charging Network Fund
The US Department of Transportation and the Department of Energy have announced a $5 billion fund to assist states in creating an electric vehicle (EV) charging network. The US is working to speed up EV adoption, but range anxiety is…
PayPal and Fiserv Bringing Direct Deposit to PayPal and Venmo Accounts
Gig workers, and others who rely on PayPal, will be able to have payments direct deposited thanks to a partnership between PayPal and Fiserv. PayPal is one of the most popular options for many gig workers and small business owners…
PayPal May Buy Pinterest In a Deal Worth $45 Billion
PayPal may be looking to buy Pinterest in a deal that could be worth $45 billion, one of the company’s biggest acquisitions. According to The Seattle Times, PayPal has offered Pinterest $70 per share, which represents a 25% premium over Pinterest’s…
Salesforce Economy to Create 9.3 Million Jobs, $1.6 Trillion in Revenue by 2026
A new report is demonstrating the breadth of the current digital transformation, claiming the Salesforce economy will create 9.3 million jobs and $1.6 trillion in revenue in the next five years. Salesforce is the leading CRM provider in the world,…