The U.K. bank Nationwide Building Society is set to acquire Virgin Money for $2.7 billion. The boards of the two companies reached a preliminary agreement to the deal on Thursday (March 7), saying their merger would make them Great Britain’s second-largest provider of mortgages and savings. “The combination of our...
Beyond monitoring the bank accounts, beyond the day-to-day ebb and flow of cash in the corporate coffers, treasurers’ roles are changing. And, increasingly, technology is the prime enabler of that change. A recent spate of headlines tied to capital raises by FinTech and partnerships between...
FLEETCOR Technologies is rebranding to Corpay, saying the new name better reflects the range of corporate payment solutions the company offers. The name change will take effect March 25, when the company’s stock will begin trading on the New York Stock Exchange under a new ticker symbol, CPAY, the...
One year after the 2023 banking crisis, America’s regional lenders continue to struggle. A report Thursday (March 7) by Reuters examined the hurdles facing these mid-sized banks, such as higher deposit costs and shaky office building loans, in the wake of the downfall of three banks, Silicon...
Transforming raw data into meaningful insights has always empowered organizations to make informed decisions. And now, with artificial intelligence thrown into the mix, there have never been more opportunities — or capabilities — at hand to bridge the gap between available data and actionable insights....
Faster payments solve many traditional pain points endemic to legacy payment methods. But although several hundred financial institutions (FIs) have signed on to the two domestic instant payment rails in the U.S., the FedNow® Service and The Clearing House RTP® real-time payments platform, observers argue that...
Led by names like Google, Apple and Samsung, the wearables category of the connected economy has become a study in contradictions. New, high-profile introductions have accelerated due to recent events like the Consumer Electronics Show and Mobile World Congress (MWC). On the other hand, niche...
New York Community Bancorp (NYCB) announced a $1 billion equity investment and several leadership changes. The new investment comes from several sources, the lender said in a Wednesday (March 6) press release. Liberty Strategic Capital is expected to invest $450 million, Hudson Bay Capital will invest $250 million and Reverence Capital...
Swiss-listed investment services company Leonteq said Wednesday (March 6) it was unaware that French regulators told prosecutors of possible irregularities at the firm. The firm told Reuters this after being asked about a Wednesday report by French newspaper Les Echos that the French banking regulator ACPR had found...
