State Street Announces New Deposit Placements with Minority Depository and Community Development Financial Institutions
State Street Corporation (NYSE: STT) has announced a new round of deposit placements with Massachusetts-based Leader Bank and Oklahoma-based Local Bank, both minority depository institutions (MDIs) and Community Development Financial Institutions (CDFIs). This marks the latest phase of State Street’s…
Singapore Embedded Finance Market to Grow 11.2% in 2024, with 23.8% CAGR Through 2029 – Key Insights in Lending, Insurance, Payments, and Wealth
The “Singapore Embedded Finance Business and Investment Opportunities Databook – Q2 2024 Update” has been added to ResearchAndMarkets.com’s offering. The embedded finance industry in Singapore is projected to grow by 11.2% annually, reaching US$2.25 billion in 2024. Over the forecast…
Three Keys Capital Advisors Partners with Mitsubishi HC Capital America on Advisory and Capital Raising Initiatives
Three Keys Capital Advisors (“Three Keys”) is excited to announce a new partnership with Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America. This collaboration aims to source and provide advisory services on commercial finance transactions,…
Orion CEO Shares Key Insights on Election, AI, and Technology Trends at Future Proof
Orion, a leading provider of innovative wealthtech solutions for fiduciary advisors, has unveiled the results of its quarterly financial advisor pulse survey. Today at the Future Proof Festival in Huntington Beach, California, Orion CEO Natalie Wolfsen presented key findings from…
Janus Henderson Teams Up with Anemoy and Centrifuge to Launch Its First Tokenized Fund
Janus Henderson Group plc (NYSE: JHG) is excited to announce a strategic collaboration with Anemoy Limited and Centrifuge to manage Anemoy’s Liquid Treasury Fund (LTF). This fund, a fully on-chain, tokenized vehicle on Centrifuge’s public blockchain, provides investors direct access…
BlackRock Announces Distribution Dates and Amounts for Selected Closed-End Funds
BlackRock has announced updated distribution details for several of its closed-end funds. Below is a summary of the key updates: Summary of Distribution Announcements Distribution Schedule for October and November 2024: Tax-Exempt Municipal Funds State-Specific Funds Taxable Municipal Fund Taxable…
Natixis Investment Managers to Liquidate Natixis Loomis Sayles Short Duration Income ETF (NYSE: LSST)
Natixis Investment Managers has announced the liquidation and closure of the Natixis Loomis Sayles Short Duration Income ETF (NYSE: LSST). The decision, made by the Board of Trustees of the Natixis ETF Trust on the recommendation of Natixis Advisors, LLC,…
Fifth Third Bancorp Raises Quarterly Cash Dividend by 2 Cents, or 6%, to $0.37 per Share
Fifth Third Bancorp has announced cash dividends for its common shares and several series of preferred shares. Common Shares: For the third quarter of 2024, Fifth Third Bancorp (Nasdaq: FITB) declared a cash dividend of $0.37 per common share. This…
Small Business Administration Designates American Lending Center as a 7(a) Loan Program Lender
American Lending Center (ALC) has been officially certified by the U.S. Small Business Administration (SBA) as a participant in the 7(a) Guaranteed Loan Program, recognized as a Non-Federally Regulated Lender (NFRL). “This certification is incredibly exciting for us,” said John…
AM Best Reaffirms Credit Ratings for Saturn Insurance Inc
AM Best has reaffirmed Saturn Insurance Inc.’s Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent). Saturn, based in Burlington, VT, is a captive insurer for BP p.l.c. (BP) [NYSE: BP], a leading global energy…
AM Best Reaffirms Credit Ratings for Jupiter Insurance Limited
AM Best has reaffirmed Jupiter Insurance Limited’s Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of “a” (Excellent). Jupiter Insurance, a captive insurer for BP p.l.c., has a stable outlook for these ratings. The ratings reflect Jupiter’s…
AM Best Reaffirms Credit Ratings for Ecclesiastical Insurance Office plc
AM Best has affirmed Ecclesiastical Insurance Office plc’s (EIO) Financial Strength Rating of A (Excellent) and its Long-Term Issuer Credit Rating of “a” (Excellent). Additionally, the agency has confirmed a Long-Term Issue Credit Rating of “bbb” (Good) on the GBP…