Consolidation Looms Over Europe’s Digital Banks After a Tumultuous 2020
Due to the coronavirus pandemic, the prominence of digital banks and online banking has increased substantially over the past year.
SoFi Merges with Social Capital Hedosophia to Form a One-Stop-Financial-Shop
SoFi, the online lender, has merged with SPAC Social Capital Hedosophia to pave the path for the fintech to go public. The...
Open Banking Platform Tink Raises $103M in Latest Funding Round
Open banking fintech Tink raised $103 million in its latest venture capital funding round. The Stockholm based-organization has raised over $210 million...
Google Offers a One-Stop-Shop for Financial Services With New Google Pay App
Google Pay received a significant update the week of Nov. 16 as it introduced the Google Pay App, which focuses on personal...
Square Exceeds Q3 Expectations Due to Bitcoin Trading
Square Inc.’s revenue from bitcoin surpassed expectations in revenue in the third quarter, according to Square’s Q3 earnings report. The payment company...
CFPB Proposes Open Banking Regulations, Opens for Comments
The Consumer Financial Protection Bureau (CFPB) issued an advanced notice of proposed rulemaking. It was completed to regulate how banks and fintech...
SoFi Recieves Preliminary Approval from OCC for National Banking Charter
Social Finance Inc. (SoFi) received conditional approval to establish a full-service national bank by the OCC on Oct. SoFi, which filed the...
DOJ Opens Investigation into Visa’s Acquisition of Plaid
The Department of Justice has filed a petition in the U.S. District Court of Massachusetts to investigate Visa's $5.3 billion acquisition of...
JPMorgan Creates New Unit for Blockchain Projects: Onyx
JPMorgan Chase implemented its digital currency, JPM Coin, commercially for the first time during the week of Oct. 26. A large technology...
OCC Defines ‘True Lender’ Rule for National Banks
The Office of the Comptroller of the Currency issued its "true Lender" rule on Tuesday. The rule aims to define the partnership...
Recent Articles
Bumble’s IPO Reveals Steady Growth, Losses
The dating app Bumble's IPO reveals steady growth, as well as losses. Due to high operating costs, the company is running at...
AMC Successfully Avoids Bankruptcy with New Funding
AMC Entertainment was granted a new lifeline after months of bankruptcy projections. The company announced on Jan. 25 that it has raised...
OCC finalizes Fair Lending Rule, forcing banks to lend to politically unfavorable companies
In his last days in office, acting comptroller Brain Brooks finalized the Fair Lending Rule. The new OCC rule will forbid banks...
Fed’s Rosengren Shows Support for Biden’s Stimulus Proposal
Boston Federal Reserve President Eric Rosengren said on Jan. 15 that President Joe Biden's proposed stimulus plan is much needed for an...
New SPAC ECP Environmental Growth Opportunities Corp. to Help Combat Climate Change
ECP Environmental Growth Opportunities Corp. has filed paperwork with the SEC registering 25 million units to trade on the NASDAQ. These filings...
Most Popular
Synteract Bought by Syneos Health Inc.
Private equity backed, Synteract, has been sold to Syneos Health.
Distressed Asset Report: August 2020
As the U.S. economy continues to feel the wrath of COVID-19, companies continue to falter. More private equity-owned companies received a distressed...
Stein Mart Files Chapter 11, Plans Liquidation Sales
After 112 years in business, U.S. discount chain Stein Mart filed for Chapter 11 bankruptcy on Wednesday, August 12. The company, headquartered...
Artlist Fund Led by KKR Raises $48 Million
It was announced today that a financing round into Artlist led by Kohlberg Kravis Roberts (KKR) has raised $48 million. Elephant Partners,...
Pandemic Forces GNC into Bankruptcy
GNC, a nationwide neighborhood retailer known for its dietary supplements and protein powders, decided late Tuesday, June 23 to file for Chapter...
