Retail & Commercial

ECB Building Bond Buying

ECB Increases Bond Purchases To Slow Down Surging Yields

The European Central Bank (ECB) has increased the weekly pace of its emergency bond purchasing program to its highest level in three...
U.S. Treasury Secretary Janet Yellen

Treasury Launches Program to Support Minority-Owned Financial Institutions

The U.S. Department of the Treasury announced on March 4 in a press release that it is opening the application process for...
Federal Reserve Chairman Jerome Powell Paycheck Protection Program

Fed Extends Its Paycheck Protection Program Liquidity Facility To June 30

The Federal Reserve Board announced on March 8 it will extend its Paycheck Protection Program Liquidity Facility (PPPLF) by three months to...
Jerome Powell Inflation

Fed’s Powell: Economic ‘Reopening’ Could Lead to a Temporary Rise in Inflation

Federal Reserve Chairman Jerome Powell said on March 4 that he expects inflation to increase temporarily in response to a rise in...

Square Inc. starts its industrial banking operations; buys TIDAL

Square Inc. announced its industrial bank, Square Financial Services, has begun operations, on March 1st, 2021. The announcement comes nearly one year...

M&T Bank to buy People’s United Financial for $7.6 billion

M&T Bank plans to buy People’s United Financial for $7.6 billion in an all-stock transaction. The combined entity will create a financial...
Brex

Brex Files Application for Industrial Bank Charter with FDIC

Fintech Brex announced in a statement on Feb. 19 that it has submitted an application with the Federal Deposit Insurance Corporation (FDIC)...

Varo Bank raises $63 million from NBA player Russell Westbrook

Varo Bank raised $63 million from NBA all star player Russell Westbrook’s organization, Russell Westbrook Enterprises. Westbrook will join Varo Bank as...
John Williams Federal Reserve Bank of New York

Fed’s Williams: High Market Prices Justified by Economic Growth and Low Interest Rates

New York Federal Reserve President John Williams said on Feb. 19 that high market prices are justified in the wake of a...

Banks evaluate shuttering branches amid rising digital banking adoptions

COVID-19 has given a boost to digital banking channels that were on the rise in the past couple of years. The lockdown...

Recent Articles

New Chapter 11 Filings, Disclosures: May 3 – May 7, 2021

At least two major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of May...
CPI U.S. Inflation

CPI Shows U.S. Inflation Rose to 13-year High in April

The consumer price index (CPI) rose by 0.8% to match its largest monthly increase, the U.S. Labor Department reported on May 12....

Gray Television to Acquire Meredith’s Station Group For $2.7 Billion

Gray Television (NYSE: GTN) announced on Monday May 3 that it has entered a deal to acquire Meredith Corp.'s (NYSE: MDP) local media group...

Code Chain New Continent Limited to Acquire Doo Limited

On Monday April 26, Code Chain New Continent Limited (NASDAQ: CCNC) announced its plan to acquire Filecoin miner Doo Limited. Code Chain...

Stem Cell Biotech Company Talaris Therapeutics Inc files for IPO

The late cell stage cell therapy company, Talaris Therapeutics Inc files for a $100 Million IPO On the 16th of April 2021....

Most Popular

L.P. Scorecard: CalSTRS 2014

LP Scorecard: TA, Bridgepoint, and Charterhouse lead WSIB 2016 Investments

For four straight years, from 2012 to 2015, Washington State Investment Board committed to just five types of private market funds each...

Investor Group Led by ‘The Rock’ Hopes to Revive XFL

After filing for Chapter 11 bankruptcy this year on April 13, the XFL secured a deal three months later with Dwayne "The...

New Chapter 11 Filings, Disclosures: November 30 – December 4, 2020

At least five major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of November...

California Wineries, Restaurants Reveal Plans for New Normal in the Wake of COVID-19

When COVID-19 arrived in the U.S. just over a year ago it pushed California wineries and restaurants to be creative. Social distancing...

SK Capital adds Specialty Polymers Business to Portfolio

SK Capital Partners, LP, today announced it has signed an agreement to acquire the specialty polymers business from Baker Hughes. Subsequently, the...