Category Finance

HomeStreet Bank, a prominent financial institution and the principal subsidiary of HomeStreet, Inc. (Nasdaq: HMST), recently announced a significant transaction involving the sale of $990 million in multifamily commercial real estate loans to Bank of America. This strategic move marks…

Bold Deal HomeStreet to Sell $990 Million in Multi-Family Loans to Bank of America HomeStreet, Inc. (Nasdaq: HMST), the parent company of HomeStreet Bank, has disclosed a strategic agreement with Bank of America to sell $990 million in multifamily commercial…

ICE Mortgage Performance Report: Delinquencies Hit 3-Year High at 3.74%, Prepayments Fall by 25% Due to Rising Rates Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, has released its “first look” at November 2024 month-end…

MFS Investment Management® (MFS®) has announced the distribution income sources for December 2024 for five of its closed-end funds. These funds are MFS® Charter Income Trust (NYSE: MCR), MFS® Government Markets Income Trust (NYSE: MGF), MFS® Intermediate High-Income Fund (NYSE:…

Leap Financial, a Miami-based fintech startup, has raised $3.5 million in seed funding, with Fuel Venture Capital leading the round. Additional investment came from Ascendo Venture Capital. Leap offers a seamless solution for financial and non-financial institutions to participate in…

FINRA Fines Three Firms Over $8.2 Million in Customer Restitution FINRA has mandated that Edward Jones, Osaic Wealth, Inc., and Cambridge Investment Research, Inc. collectively pay over $8.2 million in restitution to customers impacted by the firms’ failure to implement…

Focus Financial Partners Inc., a leading partnership of wealth management, business management, and related financial services firms, today announced that Brownlie & Braden Advisors, a Dallas-based partner firm, has merged with Prairie Capital Management Group, LLC, headquartered in Kansas City,…

The Central and Eastern Europe Fund, Inc. (NYSE: CEE), The New Germany Fund, Inc. (NYSE: GF), and The European Equity Fund, Inc. (NYSE: EEA) (collectively, the “Funds”) have announced their 2024 yearly distribution details. The Boards of Directors for each…

Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon” or the “Company”), an affiliate of Monroe Capital and a leading specialty finance company, announced it has provided a $10 million venture loan facility to OneNetwork, Inc., operating as Finexio. The initial funding…

Village Capital and Standard Chartered Launch US Women in Tech Accelerator to Empower Women-Led Startups Village Capital, in collaboration with Standard Chartered US, proudly announces the launch of the US Women in Tech Accelerator—a transformative three-year initiative designed to address…

NUS and Northern Trust Join Forces to Advance Green Finance with Blockchain Technology Northern Trust (Nasdaq: NTRS) has announced a significant three-year collaboration with the National University of Singapore (NUS) aimed at driving innovation in green finance and accelerating the…