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Banking / Financial Services

Releases published in the last 30 days.

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Essex Capital Arranges $6.75 Million Recapitalization
Essex Capital Arranges $6.75 Million Recapitalization
10/7/2014 2:28:48 PM
Essex Capital Group, Inc. (“Essex”), announced the closing of a $6,750,000 debt recapitalization for Century Everglades, LLC, (“CE” or the “Company”), a privately-held building products manufacturer and distributor based in Homestead, Florida. As a part of the restructuring, Essex was successful in putting together a comprehensive debt solution that involved two specialty …
Thomson Reuters to Host the Fifth Pan-Asian Regulatory Summit in Hong Kong
10/7/2014 12:41:56 PM
Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that the 5th Pan-Asian Regulatory Summit will take place in Hong Kong on 29 - 30 October, 2014. The Pan-Asian Regulatory Summit provides a forum for regional and global regulatory bodies and policy makers within the financial services industry across the …
IFC Provides $125 million in Loans and Guarantees to BBM to Support Agribusiness in Brazil
10/7/2014 12:00:13 PM
IFC, a member of the World Bank Group, announced it will provide US$ 125 million to Banco BBM S.A. in loans and guarantees to expand access to finance for medium-sized corporations in Brazil’s agribusiness sector. IFC’s loan totals US$ 100 million and consists of a 5-year US$ 50 million loan, a 3-year US$ 25 million syndicated loan, and a 5-year US$ 25 million loan through …
FDIC and CFPB Collaborate to Develop a Spanish-Language Tool for Older Adults to Prevent Financial Exploitation
10/7/2014 11:58:14 AM
The Federal Deposit Insurance Corporation (FDIC) and Consumer Financial Protection Bureau (CFPB) today launched a Spanish-language version of Money Smart for Older Adults. This free financial resource tool is designed to help aid older adults (age 62 and older) and their caregivers prevent, identify and respond to elder financial exploitation, which affects millions of senior …
JPMorgan Chase & Co. Names Dalila Wilson-Scott Head of Global Philanthropy
10/7/2014 10:57:15 AM
JPMorgan Chase & Co. today named Dalila Wilson-Scott Head of Global Philanthropy. Wilson-Scott will continue to serve as the President of the JPMorgan Chase Foundation. "Dalila’s leadership has been critical to the development of JPMorgan Chase’s most significant corporate responsibility initiatives," said Peter Scher, Executive Vice President and Head of Corporate …
Golden Rule Philosophy Inspires Ohio Vallmar Company to Provide Custom Branding and Promotional Solutions for Businesses
Golden Rule Philosophy Inspires Ohio Vallmar Company to Provide Custom Branding and Promotional Solutions for Businesses
10/7/2014 7:11:33 AM
Vallmar Company recently provided Valmark Securities with a custom solution to their corporate gift need: the high-quality Golden Rule Marble™ . ValMark Securities is a national independent broker dealer specializing in equity, investment advisory and risk management products and support services for the nation’s top echelon of wealth transfer and corporate insurance …
Mauro Dognini appointed General Manager of Monte Titoli
10/6/2014 11:44:14 AM
Monte Titoli, part of London Stock Exchange Group, today announces that it has appointed Mauro Dognini as General Manger. Mauro joins Monte Titoli from RBC (Royal Bank of Canada) Investors Services where he was Italian General Manger from 2011 to 2014. Previously, he was Vice General Manager of Italy & Global Head of Asset Managers and Asset Owners Solutions for BNP …
New research shows huge export value of ‘Brand Britain’ to British business
10/6/2014 11:41:00 AM
Overseas consumers will pay a premium for British branded goods above English, Scottish or Welsh British exporters could unlock a premium of up to £2.1bn by branding their products as Made in Britain across the eight countries in the study Half of UK goods are currently exported to the EU where British goods command a lower premium but the appetite for British branded …
Cambodia - World Bank Expects Slower Growth in Developing East Asia Pacific in 2014
10/6/2014 9:03:40 AM
Developing countries in East Asia Pacific will see slightly slower economic growth this year, but the pace of growth in the region, excluding China, will pick up next year, as the gradual recovery in high-income economies boosts demand for exports from the region, according to the East Asia Pacific Economic Update released today by the World Bank. Still, developing East Asia …
Wells Fargo Awards Second $250,000 “What Makes a Home” Contest Winner
10/3/2014 10:00:36 AM
Lisa Stenzel of Timnath, Colorado knew that home was the best place for her special-needs son Ty to heal and grow. His tough journey to become a happy, healthy toddler inspired the video she entered to win the Wells Fargo “ What Makes a Home ” contest. The win will help the family reach a number of their financial goals that include purchasing their current home and …
World Economic Forum Annual Meeting 2015 to Address The New Global Context
10/3/2014 9:33:13 AM
2,500 leaders from business, government, international organizations, civil society, academia, media and the arts will convene in Davos-Klosters in January for the World Economic Forum’s 45th Annual Meeting The theme, The New Global Context, reflects the current period of profound political, economic, social and technological change Meeting will advance over 50 Forum-led …
Canada’s leading equipment finance company donates $15 million to help build new patient care tower for critically ill patients at St. Michael’s Hospital
Canada’s leading equipment finance company donates $15 million to help build new patient care tower for critically ill patients at St. Michael’s Hospital
10/3/2014 9:26:06 AM
Element Financial Corp. announced today that it is donating $15 million toward the construction of a new patient care tower for critically ill patients at St. Michael’s Hospital in downtown Toronto. The 17-storey tower is being purposely designed to transform patient care as St. Michael’s seeks to become the premier critical care hospital in Canada. “The services provided by …
IFC Forum Promotes Corporate Governance to Help Companies Improve Performance
10/3/2014 9:17:11 AM
IFC, a member of the World Bank Group, together with the Central Bank of Azerbaijan and the Azerbaijan Bank Training Center, held a forum today promoting good corporate governance practices to boost investment and growth for Azerbaijani companies. The Corporate Governance Forum in Baku, organized by IFC’s Corporate Governance Program in Europe and Central Asia and supported …
CFPB Announces Project Catalyst Research Pilot on Tax-Time Saving
10/2/2014 6:04:08 PM
Today, the Consumer Financial Protection Bureau (CFPB) announced a Project Catalyst research pilot to explore ways to encourage saving among consumers at tax time. The pilot will focus in particular on tax-time saving practices among low-income consumers in order to help them improve their long-term financial well-being. The initiative will inform work at the Bureau to promote …
Basware signs accounts payable automation and e-invoicing agreement with leading security company in North America
10/2/2014 6:02:26 PM
Basware signs accounts payable automation and e-invoicing agreement with leading security company in North America Basware has signed an agreement with a major security company in North America to provide its cloud based accounts payable and e-invoicing services. The agreement includes invoice automation and 100% inbound e-invoicing services. Basware is also providing …
Navdy Announces $6.5 Million Seed Round Led by Upfront Ventures
10/2/2014 1:30:26 PM
SAN FRANCISCO – (October 2, 2014) — Today the creators of Navdy , the breakthrough Head-Up Display (HUD) for any car , are announcing the company has closed $6.5 million in Seed Round funding, led by Upfront Ventures . This was the company’s first ever round and was highly oversubscribed, nearly 3X the original plans for raising $2.4 million. Other participating funds …
Whistleblowers Blog Series: “Whistleblowers Are Key to the DOJ’s Ability to Protect the Taxpayers from Fraud”
10/2/2014 1:17:30 PM
A new installment of the  Whistleblowers  Blog’s  25 part series on the False Claims Act was published today.  “Whistleblowers Are Key to the DOJ’s Ability to Protect the Taxpayers from Fraud”  is the third post in this series.  The purpose of this series is to combat the U.S. Chamber of Commerce’s well-financed and aggressive lobbying campaign to undermine America’s most …
Bank of America Merrill Lynch Recognised for Treasury Excellence by EMEA Finance
10/2/2014 12:38:54 PM
Bank of America Merrill Lynch has been honoured by EMEA Finance magazine in their 2014 Treasury Services Awards, winning the accolade for Best Treasury Services in Europe. This is the first time the company has won the treasury category, which the magazine said is in recognition of “...a proactive and consultative client approach, product enhancements and focus on thought …
Mercator Advisory Group Identifies Cardholder Preference-Based Controls as the Next “Best Practice” to be Provided by Financial Institutions
10/2/2014 12:00:31 PM
San Jose, Calif. – October 1, 2014 – Ondot Systems announced today that Card Controls has been named by Mercator Advisory Group as one of the next “best practice” solutions to be provided by financial institutions, card issuer processors, and core banking systems. In an independent research report , Mercator identified Ondot Systems as a vendor with the broadest array …
Onex Completes Acquisition of York Risk Services Group
10/2/2014 10:12:02 AM
Onex Corporation (“Onex”) (TSX: OCX) today announced it has completed the acquisition of York Risk Services Group, Inc. (“York”) for $1.325 billion. York is a provider of risk management, claims management and managed care services. The total equity investment of approximately $555 million was made by Onex Partners III, Onex and York’s management team. The York acquisition …