DBS and Citi Complete First Weekend USD Cross-Border Payment on Swift Digital Ledger DBS and Citi have completed a live cross-border U.S. dollar payment between Singapore and the United States using tokenised deposits through the Swift Digital Ledger, demonstrating how…
AM Best Withdraws Credit Ratings for NEWGT Reinsurance Company, Ltd. AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of NEWGT Reinsurance Company, Ltd. (NEWGT), a…
AM Best Reaffirms Credit Ratings of Zurich Insurance Group and Key Rated Subsidiaries AM Best has reaffirmed the strong financial strength and credit ratings of Zurich Insurance Group Ltd. (Zurich), reinforcing the global insurer’s position as a financially resilient organization…
TabaPay Secures $155 Million Growth Financing and Plans Acquisition of Transact Bank TabaPay, Inc., a leading provider of money movement infrastructure, has secured $155 million in strategic growth financing led by FTV Capital, a global growth equity investment firm with…
Fifth Third Launches Truly Simple® Credit Card to Help Customers Save on Interest and Simplify Their Finances Fifth Third Bancorp (NYSE: FITB) has announced the launch of the Truly Simple® Credit Card, a new credit card designed to address two…
Farmers & Merchants Bank of Long Beach Repositions $1 Billion Securities Portfolio to Strengthen Earnings and Support Future Loan Growth Farmers & Merchants Bank of Long Beach (F&M), a community-focused financial institution with more than a century of operating history,…
Coincheck Group and DFNS Join Forces to Expand Institutional Digital Asset Custody in Japan Coincheck Group N.V. (NASDAQ: CNCK), a Dutch public limited liability company specializing in digital asset trading, custody, staking and asset management services, has entered into a…
Global Payments Unveils Genius World, Showcasing the Future of Connected Commerce Global Payments Inc. (NYSE: GPN), a global provider of payment technology and software solutions, has announced Genius World, its inaugural flagship event designed to showcase the company’s Genius suite…
Expanding Insurance Coverage in Mexico: Regulation, Public-Private Partnerships, Tax Incentives and Digitalization Take Center Stage Mexico’s insurance industry needs a combination of regulatory reform, public policy changes, technological innovation and greater collaboration between the public and private sectors to significantly…
Forbright Bank Sells Legacy Branches to Trustar Bank as It Accelerates Digital-First National Growth Forbright Bank has announced an agreement to sell its legacy Washington, D.C.-area branch operations and associated local deposits to Trustar Bank, marking a strategic shift as…
Charlesbank Announces Leadership Transition and Next Phase of Firm Growth Charlesbank Capital Partners, a leading middle-market private investment firm, has announced a significant leadership transition designed to support the firm’s continued growth while maintaining continuity for its investors, portfolio companies…
AM Best Affirms Jubilee General Insurance Company’s Ratings as Balance Sheet Strength Remains Strong AM Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb” (Fair) for Jubilee General…
