S&P Dow Jones Indices Announces Update to S&P Composite 1500 Market Cap Guidelines
S&P Dow Jones Indices (“S&P DJI”) is updating the market capitalization eligibility criteria for additions to the S&P Composite 1500 Indices. Effective July 1, 2025, the size ranges will be updated as follows: Previous Market Capitalization Eligibility Criteria Updated Market Capitalization Eligibility Criteria Unadjusted company…
China Prepaid & Digital Wallet Outlook 2025: Market to Reach $501.86B by 2029
The “China Prepaid Card and Digital Wallet Market Intelligence and Future Growth Dynamics Databook – Q2 2025 Update” has been added to ResearchAndMarkets.com’s offering. The prepaid card and digital wallet market in China is set to expand by 9.2% annually, reaching US$ 371.98 billion…
Axos Financial Commemorates 25th Anniversary on Independence Day
Axos Financial (“Axos”) celebrates twenty-five years of successful evolution from a consumer-focused digital bank into a leading full-spectrum financial services firm. Today, Axos serves consumers, small businesses, and commercial and institutional clients nationwide across with a comprehensive range of deposit, lending,…
Nubank Study: Cash Usage Declines Among 60% of Mexican Customers
Nu Mexico, a subsidiary of Nubank, one of the largest digital financial services platforms in the world, announced today the milestone of 12 million customers in Mexico, representing 25% of the banked population in the Country. To showcase how its…
Glen Frost Acquires Alyssa Whatley’s Tax Controversy Practice, Welcomes Her to Frost Law
Glen Frost, Founder and Managing Partner of Frost Law, is pleased to announce the firm’s acquisition of Alyssa Maloof Whatley’s tax controversy practice. Alyssa joins the firm as the Director of Tax Controversy (Domestic), bringing with her a reputation for fierce…
Western Alliance Bank Grows Multifamily Finance Team with New Hire Charles Jones
Western Alliance Bank today announced that Charles Jones has joined the organization as senior director of Multifamily Housing Finance. Based in Los Angeles, he will lead a team that creates optimal, sector-specific financing solutions for multifamily developers, including workforce housing…
Republic Financial Appoints Mike Pruyn to Board of Directors
Republic Financial, a privately-held company headquartered in Lexington, Kentucky, today announced the appointment of Michael “Mike” Pruyn to its Board of Directors. Pruyn brings more than 15 years of capital markets experience spanning structured finance and derivatives trading. His appointment…
Altaline Announces Strategic Growth Investment in Brazos Safety Systems
Altaline Capital Management, LLC (“Altaline” or the “Firm”), a newly launched Los Angeles-based private equity firm focused on partnering with lower-middle market companies in the technology, business services, and financial services sectors, today announced a strategic growth investment in Brazos…
Bank of Hawai‘i Announces New Vice Chair and Chief Financial Officer Bradley S. Satenberg
Bradley “Brad” S. Satenberg has been promoted to vice chair and chief financial officer at Bank of Hawaiʻi, following the retirement of Chief Financial Officer Dean Shigemura. In his newly expanded role, he will oversee Bank of Hawai‘i’s planning and forecasting,…
American Express Announces 2025 Preliminary Stress Capital Buffer Requirement
American Express Company (NYSE: AXP) announced that the Federal Reserve set the company’s preliminary Stress Capital Buffer (“SCB”) requirement at 2.5 percent, effective October 1, 2025 through September 30, 2026, based on the results of the 2025 Comprehensive Capital Analysis…
SABA Announces Notification of Sources of Distributions
Saba Capital Income & Opportunities Fund II (NYSE: SABA) (the “Fund”), a registered closed-end management investment company listed on the New York Stock Exchange, is notifying shareholders, prospective shareholders, and third parties of the sources of distributions pursuant to Section…
Kim Lupica Joins Academy Securities as Managing Director, Commercial Paper Trading & Origination
Academy Securities, the nation’s first post-9/11 veteran owned and operated investment bank, today announced the addition of Kim Lupica as Managing Director, Commercial Paper Trading & Origination. “I look forward to working with such a dedicated team to drive growth…