BTIG expects employees to work from home through 2020

Brokerage firm BTIG said Friday it expects its U.S. employees to continue working remotely for the rest of the year, joining the ranks of employers who say their staff have adjusted to the new normal and prefer to play it safe as transmission rates spike in parts of the country.

Fintech Marqeta, backed by Goldman Sachs and Visa, eyes IPO: Reuters

Marqeta, a fintech that provides a platform for card issuers and whose backers include Visa and Goldman Sachs, is exploring an initial public offering, Reuters reported on Thursday.

Coinbase set to become first publicly traded crypto exchange this year: Reuters

Coinbase may become the first-ever cryptocurrency exchange to go public as soon as this year in a move that could make digital currencies more mainstream, Reuters reported Thursday.

JPMorgan, Bank of America, Wells Fargo and Goldman Sachs join climate initiative

Four major U.S. banks partnered with a clean energy nonprofit for an initiative that would put the financial industry on track to lower carbon emissions to net-zero by 2050.

Goldman Sachs rolls out corporate bond ETF with smart beta approach

Goldman Sachs’ asset-management arm said on Thursday that it was launching a new exchange-traded fund for investment-grade corporate bonds that uses a smart beta approach.

JPMorgan Chase pauses plans to open up Ohio offices as COVID-19 cases climb

JPMorgan Chase suspended plans to open its offices in Columbus, Ohio, after the Midwestern state had its highest day for new coronavirus cases on July 3, bank spokesperson Carlene Lule told Fastinform Wednesday.

US bank earnings could drop 69% in the second quarter, Goldman Sachs says

Earnings for the top seven U.S. banks are likely to plunge almost 70% year-over-year in the second quarter, with near-zero interest rates cutting deep into income, analysts from Goldman Sachs projected.

KKR to boost permanent capital with Global Atlantic purchase

Private equity firm KKR & Co. said on Wednesday that it will acquire retirement and life insurance company Global Atlantic Financial Group for around $4.4 billion, a deal that will significantly increase its permanent capital base and expand its position in the insurance industry.

Bank of America to phase U.S. employees back to offices after Labor Day

Bank of America will begin the process of bringing its 185,000 employees who have been working from home back into the office after Labor Day, Sept. 7, a spokesperson said Tuesday.

UBI Banca doubles down on rejection of Intesa’s takeover bid

Unione di Banche Italiane on Tuesday fired back at larger rival Intesa Sanpaolo, further escalating the tension between the two banks over the latter’s takeover bid, saying once again that the offer does not sufficiently benefit the smaller institution’s shareholders.

Turkish exchange bans JPMorgan, Goldman Sachs, others from short selling

Turkey’s stock exchange barred six major banks from betting against its market on Monday, the latest restrictive measure taken in the country against investors looking to short sell.

US seeks nearly $100 million more assets tied to 1MDB

The U.S. Department of Justice is pursuing another $96 million in assets allegedly tied to the 1Malaysia Development Berhad bribery and money laundering scheme, bringing to $1.8 billion the amount of forfeiture sought by the department in connection with the international scandal.

NAB looks for new hires to expand private wealth services

The National Australia Bank said Thursday it would expand its private wealth offerings with 50 new bankers and advisers as it brings its high-net-worth services under a single roof.

Citigroup holds off on returning its workforce to offices as COVID-19 cases surge

With confirmed cases of COVID-19 seeing a resurgence in many areas of the country, Citigroup is holding back on its original plan to return many of its employees to offices, the company confirmed Wednesday.

Wells Fargo alone among big banks to shrink dividend following stress test results

Wells Fargo confirmed Monday that it will be the only Big Four U.S. bank to reduce its planned third-quarter dividend, after the Federal Reserve released the results of its annual stress test and capped payouts to ensure institutional resilience amidst the economic downturn in a move that fell short of other central banks’ restrictions, leaving the door open for most planned shareholder returns — for now.

Credit Suisse joins ICE ETF Hub as authorized participant

Intercontinental Exchange Inc., the parent company of the New York Stock Exchange, said Monday that Credit Suisse is the latest financial firm to join its platform to support primary market activities for exchange traded funds.

China plans to grant securities licenses to commercial banks: Caixin

China’s securities regulator is planning to grant securities licenses to commercial banks as part of a wider effort to help domestic businesses compete with foreign rivals, Chinese business news site Caixin reported on Sunday.

Samsung, Mastercard partner with fintech Curve to launch system linking payment cards in one app

Samsung is teaming up with Mastercard and U.K.-based fintech Curve to compete with Apple and Google through the coming launch of a flexible digital payment system that bundles a user’s bank accounts and payment systems.

UBS to let wealth management clients access Goldman, PIMCO strategies without extra fees

UBS said on Tuesday that it is adding accounts from several third-party asset managers, including Goldman Sachs, Invesco, PIMCO and Franklin Templeton, to its lineup for U.S. wealth-management clients.

Travelers expands renewable energy coverage as it boosts sustainable practices

Travelers increased its business in the renewable energy sector by 30 percent over the past year as the insurer sought to ramp up its sustainability initiatives.

About Us · Terms of Use

Copyright © 2020 Fastinform, Inc.