Macquarie Offloads Car Loans to Allied Credit
Macquarie to Divest $1.5 Billion Car Loan Portfolio to Allied Credit Macquarie’s Banking and Financial Services group has agreed to sell a $A1.5 billion portfolio of car loans to Allied Credit, a leading independent Australian financier. The transaction includes more…
ANZ Use Cases Selected for RBA’s Project Acacia Pilot
ANZ Selected for RBA’s Project Acacia Pilot With Two Tokenised Finance Use Cases ANZ today announced its participation in the next phase of the Reserve Bank of Australia (RBA) and Digital Finance Cooperative Research Centre’s (DFCRC) Project Acacia, contributing two…
ICE to Launch U.S. Tech Index, Broadens NYSE Index Suite
ICE Expands NYSE Index Family With Launch of New U.S. Tech Benchmark and NYSE-Listed Indices NEW YORK–(BUSINESS WIRE) — Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of financial technology and data services, today announced plans to expand its…
Household Spending Rises in June Amid Continued Consumer Caution
Household Spending Edges Higher in June, But Caution Lingers The CommBank Household Spending Insights (HSI) Index rose for the third consecutive month in June, increasing by 0.3% following gains of 0.4% in both April and May. While spending momentum appears…
CommBank, J.P. Morgan, ASX, and HQLAX Chosen to Support RBA Digital Currency Research
CBA Joins RBA and Industry Leaders in Project Acacia to Explore Tokenised Asset Markets The Commonwealth Bank of Australia (CBA) has joined the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) in a new initiative…
LLCP Closes Oversubscribed Fund VII With Over $3.6 Billion of Capital Commitments
Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced the final closing of LLCP Fund VII (“Fund VII”) with total capital commitments of over $3.6 billion, materially exceeding its target. The fund was significantly oversubscribed despite one…
WSFS Names Frank McGrane, Executive Vice President, Chief Credit Officer
WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), has named Frank McGrane as Executive Vice President, Chief Credit Officer (CCO). He will report to Christine Davis, Executive Vice President, Chief Risk Officer. Frank McGrane’s responsibilities as CCO…
Wells Fargo Boosts Chicago Technology Banking Team with Investment in Talent
Wells Fargo Technology Banking has expanded its Chicago-based team with two key hires, reinforcing the bank’s long-term commitment to innovation and growth in commercial banking for the tech sector. This expansion represents the largest investment in talent since the group’s inception 25 years…
ParaScript Launches New AI-Powered Check Stock Verification Solution
ParaScript, an AI-powered document processing company, today announced the launch of a new check stock verification solution, CheckStock.AI®, an enhancement of the company’s current check fraud detection capabilities. The AI-powered technology uses a combination of image analysis and pattern recognition to…
Partners Group opens office in Miami
Partners Group, one of the largest firms in the global private markets industry, has expanded its presence in the Americas with the opening of an office in Miami, Florida. The Miami office will serve as a hub for Partners Group’s…
New Mountain Finance Schedules Q2 2025 Earnings Report and Investor Call
New Mountain Finance Corporation (NASDAQ: NMFC) (“New Mountain” or “the Company”) announced today that it will release its financial results for the quarter ended June 30, 2025, on Monday, August 4, 2025, after markets close. The Company will host an…
Independent Bank Corp.’s Announcement of Date of Second Quarter Conference Call
Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss second quarter results on Friday, July 18, 2025, at 10:00 AM Eastern Time. Telephonic access will be available by…