PennyMac Financial Services, Inc. Announces Board of Directors Changes
PennyMac Financial Services, Inc. (NYSE: PFSI) announced the appointment of technology and financial services expert Sunil Chandra to its Board of Directors, while long-serving board members James Hunt and Emily Youssouf will retire effective December 31, 2024. Chairman and CEO…
LL Flooring Enters Agreement with F9 Investments for Sale of Business as Going Concern
LL Flooring Holdings, Inc. (OTC Pink: LLFLQ) has announced an agreement with F9 Investments for a going-concern sale as part of its ongoing Chapter 11 proceedings. Under the asset purchase agreement, F9 Investments will acquire 219 stores, their inventory, the…
Fiserv Tops IDC FinTech Rankings for Second Year in a Row
Fiserv, Inc. (NYSE: FI), a global leader in payments and financial services technology, has been ranked No. 1 on the 2024 IDC FinTech Top 100 Rankings for the second year in a row. This achievement highlights Fiserv’s four-decade legacy of…
Digital and Traditional Assets Converge, Citi Survey Shows Uptick in Tokenized Deposits
Citi’s latest Securities Services Evolution whitepaper reveals a sharp shift in the use of digital money as distributed ledger technology (DLT) and digital assets become more commercialized. By 2026, 65% of respondents plan to use non-CBDC options like stablecoins, tokenized…
Eastern Bank Announces New Senior Leadership Appointments
Following its recent merger with Cambridge Trust and a renewed focus on product development, wealth management, and private banking, Eastern Bank is excited to announce several key leadership appointments: Bob Rivers, Executive Chair and Chair of the Board of Directors…
Blackstone Announces A$24B Acquisition Agreement for AirTrunk
Blackstone, through its managed funds – Blackstone Real Estate Partners, Blackstone Infrastructure Partners, Blackstone Tactical Opportunities, and its private equity strategy for individual investors – along with Canada Pension Plan Investment Board (CPP Investments), has entered into a definitive agreement…
Challenger Selects State Street as Investment Administrator and Custodian
State Street Corporation (NYSE: STT) has been chosen by Challenger Limited, a leading Australian investment management firm, to provide custody and investment administration services across back, middle, and front offices through the State Street Alpha® platform. This partnership will cover…
MetLife Appoints New Global Head of Reinsurance and Chief Auditor
MetLife, Inc. (NYSE: MET) has announced the appointment of Toby Srihiran Brown as global head of reinsurance, effective October 1. In this role, Brown will develop and oversee MetLife’s comprehensive reinsurance strategy, managing all aspects of the reinsurance process, including…
Bridgeforce and Provana Form Strategic Alliance to Boost Compliance and Operational Efficiency in Financial Services
Bridgeforce, a leading financial services consultancy known for its expertise in regulatory compliance, operational optimization, and technology transformations, has partnered with Provana, a top provider of knowledge process management solutions. Together, they aim to deliver cutting-edge compliance and operational performance…
Zilch Reaches Profitability, Exceeds $130M Revenue, and Appoints Mark Wilson to Board
Zilch, the world’s first ad-subsidized payments network (ASPN), has announced its first month of operating profit while surpassing a revenue run rate of over $130 million (£100 million). These significant milestones come just four years after launching its innovative consumer…
Elepay Marks 5 Years with ‘Elepay Direct’ Launch, Transforming Financing for Aussie Property Owners
Elepay, a leading provider of short-term funding solutions for Australian property owners, is celebrating its fifth anniversary with the launch of Elepay Direct. Since its establishment in October 2019, Elepay has become a key player in the Australian finance sector,…
Graystone Welcomes Retail Expert Tram Church to Investment Sales Team
Graystone Capital Advisors, a leading investment sales brokerage, has announced the appointment of Tram Church as Senior Vice President. Church, who brings extensive expertise in selling multi-tenant retail shopping centers, will play a key role in serving clients across Southern…