Banking news roundup

Silicon Valley Bank seeks to recapture lost ground in venture debt

David Paul Morris/Bloomberg A remnant of the failed Silicon Valley Bank is trying to reclaim some of its old turf in venture-debt lending from rivals that...

#venturedebt #valleybank #president

2023-10-02 22:13:57 • 1 min

RBB Bancorp, Gateway Bank in Bay Area call off merger

RBB Bancorp's deal to buy Gateway Bank in Oakland, California, was supposed to give it a foot hold in the Greater San Francisco Bay Area. But the deal was...

#rbbbancorp #ceo #security

2023-10-02 17:43:26 • 1 min

Banking on the Future of Fintechs and Related Consultancies

Fueling the optimism in the field is what made these bank-like companies so successful in the first place: Innovations that are coming online. |

#innovation #comingonline

2023-10-02 12:45:00 • 1 min

Converge breaches 2M subscribers after entry into mass market segment

MANILA -Fiber internet tycoon Dennis Anthony Uy’s Converge ICT Solutions Inc. surpassed two million nationwide home broadband subscribers as its entry into...

#stock #ceo #pandemic

Inquirer.net

2023-10-02 07:55:05 • 1 min

Bowman doubles down on call for outside review of SVB failure

Federal Reserve Gov. Michelle Bowman said Monday that the central bank should empower a third party to conduct its own review of the failure of Silicon...

#gov #bloomberg #svb

Bank of America CEO Projects Optimistic Economic Outlook Amid Uncertainty

2023-10-02 16:31:37 • 2 mins

Economy

In a display of optimism that stands in contrast to the prevailing economic uncertainty, Brian Moynihan, CEO of Bank of America, offered a bullish economic...

#ceo #investingprotips #imminentrecession

Investing.com

2023-10-02 17:29:00 • 1 min

Fed OIG highlights shortcomings in Fed's oversight of Silvergate Bank

The Silvergate Bank headquarters in La Jolla, California. The Federal Reserve issued an executive summary of a report on the central bank's supervisory...

#silvergatebank #bloomberg #security

2023-10-02 20:52:11 • 1 min

Goldman Sachs Maintains U.S. Bancorp. (USB) Neutral Recommendation

Fintel reports that on October 2, 2023, Goldman Sachs maintained coverage of U.S. Bancorp. ( NYSE:USB ) with a Neutral recommendation. Analyst Price Forecast...

#goldmansachs #usb #nyse

Nike, FedEx, Adobe, Constellation and ConAgra are part of Zacks Earnings Preview

2023-10-03 00:04:32 • 1 min

Technology

For Immediate Release Chicago, IL October 2, 2023 Zacks.com releases the list of companies likely to issue earnings surprises. This weeks list includes Nike...

#treasury #fed #economy

2023-10-02 08:46:00 • 1 min

Alternergy set to borrow P12B to fund wind farms

MANILA -Former Energy Secretary Vicente Perez Jr.’s renewable energy firm Alternergy Holdings Inc. has tapped three investment banks as lead arrangers for a...

#development #government #president

Inquirer.net

2023-10-02 18:09:00 • 1 min

BUSINESS LIVE: Water group reveal investment plans; YouGov agrees fresh financing

The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are Pennon, United Utilities, YouGov, Microsalt and Peel Hunt. Read...

#business #yougov #unitedutilities

Daily Mail

2023-10-02 06:46:56 • 1 min

Economy

UBS asset management tests fund tokenization on Ethereum blockchain

( Kitco News ) - The tokenization trend continues to take hold in legacy financial institutions as UBS Asset Management, one of the world's largest fund...

#bond #money #security

Kitco NEWS

2023-10-02 15:44:22 • 1 min

Deutsche Bank regulator tightens oversight in setback to CEO

In addition to the consumer-related independent monitor appointed Monday by BaFin, Deutsche Bank CEO Christian Sewing has had to contend with another named...

#ceo #finance #money

2023-10-02 16:04:59 • 1 min

Discover Financial Services Gains 7%

(RTTNews) - Discover Financial Services (DFS) shares are progressing more than 7 percent on Monday morning trade. Yesterday, the luxury travel retailer group...

#entertainment #opinion #nasdaq

2023-10-02 14:40:54 • 1 min

RBC takes steps to address unrealized losses at City National unit

The Royal Bank of Canada paid $5 billion in 2015 to buy Los Angeles-based City National Bank, which reported a $38 million loss in the second quarter of this...

#unrealizedlosses #stock #management

Federal Banks Q2 FY24 Advances Rise by 20%, Outpacing Banking System Average

2023-10-02 20:00:46 • 1 min

Economy

Federal Bank reported a strong performance in the second quarter of the fiscal year 2024, with its advances surging by 20% year-on-year to Rs 1.95 trillion....

#equity #investingprotips #additionaltips

Investing.com

2023-10-02 18:43:32 • 1 min

East West Bancorp Names Irene Oh EVP, Christopher Del Moral-Niles Finance Chief

(RTTNews) - East West Bancorp, Inc. (EWBC), the parent company of East West Bank announced on Monday, that it is appointing Irene Oh as the company's chief...

#nasdaq #opinion #financechief

The Zacks Analyst Blog Highlights Postal Realty Trust, Pegasystems, Carrols Restaurant Group and Baker Hughes

2023-10-02 12:53:49 • 1 min

Technology

For Immediate Release Chicago, IL October 2, 2023 Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research...

#restaurantgroup #analystblog #BakerHughes

Is American Funds EuroPacific Growth A (AEPGX) a Strong Mutual Fund Pick Right Now?

2023-10-02 10:38:00 • 2 mins

Technology

On the lookout for a Mutual Fund Equity Report fund? Starting with American Funds EuroPacific Growth A (AEPGX) should not be a possibility at this time....

#equity #portfolio #security

2023-10-02 11:00:04 • 1 min

Financial Sector Update for 10/02/2023: MFIN, KKR, AXS, XLF, FAS, FAZ

Financial stocks were declining premarket Monday with the Financial Select Sector SPDR Fund ( XLF ) 0.3% lower recently. The Direxion Daily Financial Bull 3X...

#health #reuters #investment