Branch Insurance, Columbus' newest unicorn, joins tech job-cut wave

Banks' insurance units are fetching top dollar, but selling brings risk

Since last fall, M&T Bank, Truist Financial and Eastern Bancshares have sold all or part of their insurance subsidiaries. The question now is whether...

#bloomberg #cash #ceo

2023-10-04 01:00:00 • 1 min

Ally Financial starts job cuts with less than 5% of staff affected

"After taking steps over the past year to pause hiring and manage staffing expenses through natural attrition, we have made the difficult choice to...

#stock #business #space

2023-10-03 21:23:06 • 1 min

New Data Reveals Challenges for Canadian SMB's, Surge in New Business Originations

A new report by Equifax (NYSE: EFX ) Canada reveals a complex financial landscape for small and medium-sized businesses (SMBs) in the country. The study...

#nyse #cash #smb

2023-10-03 14:00:47 • 1 min

PNC becomes the latest bank to take advantage of regional bank failures

PNC said that it has purchased a portfolio, representing $16.6 billion in total commitments, from Signature Bridge Bank. Sergio Flores/Bloomberg PNC...

#latestbank #portfolio #finance

2023-10-03 18:05:06 • 1 min

State Street Global Advisors Anticipates Sharp Fed Rate Cuts Amid Slowing Growth

State Street (NYSE: STT ) Global Advisors, the $3.6 trillion asset manager, is betting against the prevalent higher-for-longer sentiment in global bond...

#nyse #inflation #treasury

2023-10-03 14:25:49 • 1 min

US SEC pushes ahead with case against Coinbase crypto exchange

THE US Securities and Exchange Commission (SEC) is pushing ahead with its litigation against Coinbase Global, raising the stakes further in the case against...

#sec #security

The Business Times

2023-10-04 00:02:22 • 1 min

ECB's De Guindos and Lane discuss rate cuts and inflation, as U.S. policymakers propose hikes

In a series of recent financial discussions, European Central Bank (ECB) Vice President Luis de Guindos and Chief Economist Philip Lane, along with U.S....

#deguindos #president #development

2023-10-03 08:58:54 • 1 min

Down More Than 20% in a Week, This Elite Dividend Stock is Looking Like a Screaming Bargain

NextEra Energy (NYSE: NEE) has gotten bludgeoned by the market over the past week. Shares of the leading utility have crashed more than 20% on news that its...

#nyse #market #portfolio

2023-10-03 12:43:00 • 1 min

Investment giant chaired by former Bank of England boss Mark Carney snaps up UK windfarm developer

Windfarms: Bank of England governor (pictured) is chairman at Brookfield Asset Management A Canadian investment giant chaired by Mark Carney is buying a...

#investmentgiant #money #markcarney

Daily Mail

2023-10-03 21:00:52 • 1 min

Investor recruits veteran exec to end feud that's cost Pa. bank millions

Keith Mestrich, former CEO of Amalgamated Financial, hopes he can help end a dispute between activist investor Abbott Cooper and AmeriServ Financial. Cooper...

#election #security #policy

2023-10-03 19:59:02 • 1 min

US SEC asks judge to deny Coinbase motion to dismiss its lawsuit

Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022 :The...

#sec #walletapplication #clearingagency

Channel NewsAsia

2023-10-03 20:24:00 • 1 min

New Zealand's Reserve Bank maintains official cash rate at 5.5%, impacting mortgage holders

The Reserve Bank of New Zealand (RBNZ) handed down its interest rate decision and statement on Wednesday, maintaining the official cash rate at 5.5% in a...

#election #cashrate #inflationtargets

2023-10-04 01:40:55 • 1 min

Cathie Wood Is Buying This Growth Stock Hand Over Fist Lately. Should You Follow Her Lead?

This September, Cathie Wood bought shares of Beam Therapeutics (NASDAQ: BEAM) more than a dozen times for two of Ark Invest's exchange-traded funds ( ETF s)....

#nasdaq #safety #pfizer

2023-10-03 10:27:00 • 1 min

A Bull Market Could Be Here: 3 Reasons to Buy Carnival Stock

By now, the saga of the cruise industry is a familiar one. Cruise ships were stuck in port for much of the pandemic, leading to companies like Carnival...

#carnivalstock #pandemic #nyse

2023-10-03 10:59:00 • 1 min

Olympic Steel Acquires Central Tube & Bar For Undisclosed Cash Deal

(RTTNews) - Olympic Steel, Inc. (ZEUS) announced on Monday that it has acquired Central Tube & Bar in an all-cash transaction. The financial details of...

#olympicsteel #revenue #president

Time to Buy Stock in These Credit Card Giants as Financials Fall?

2023-10-02 12:36:58 • 1 min

Technology

The broader financial sector has taken the brunt of recent market volatility with bank stocks falling sharply today and the XLFFinancial Select Sector ETF...

#disease #analysis #opinion

2023-10-04 00:18:00 • 1 min

TPG Telecom's $4 billion fiber assets bid's due diligence period expires

Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide 2022 Best News Website or Mobile Service Digital Media Awards Worldwide 2022...

#reuters #government #tpg

Channel NewsAsia

2023-10-03 22:16:13 • 1 min

Futures edge up, JOLTS data ahead, FTX fraud trial begins - what's moving markets

Investing.com --U.S. stock futures point into the green, as traders look ahead to fresh job openings data out of the world's largest economy. Elsewhere, Sam...

#fraudtrial #cryptocurrency #dow

2023-10-03 09:02:55 • 1 min

3 Reasons to Buy Carnival After a Breakthrough Quarter

Wall Street wasn't impressed by the fiscal third-quarter results that Carnival Corp. (NYSE: CCL) posted on Friday morning. Shares of the world's largest...

#nyse #forecast #revenue

2023-10-03 14:30:00 • 1 min