Hints and tips:
...Nearly $227mn worth of the bank’s stock had been sold short as of Friday, according to market analytics firm S3 Partners, making Axos one of the most heavily shorted regional banks in the US....
...He is also the biggest individual shareholder, with a $200mn stake, in Axos, an internet-only bank that is now one of Trump’s largest direct lenders....
...He also has a $200mn stake in Axos, an online-only bank that is one of Trump’s largest direct lenders, making him the group’s biggest shareholder. The auto lender is used to doing risky business....
...Once-high flying institutions such as Credit Suisse, First Republic and Silicon Valley Bank crumbled and a drought of deals has caused mass investment banking lay-offs....
...N26 did not have its own banking licence in the US but was using a local lender, Axos Bank....
...Unlike in Europe, where it has a full banking licence, in the US the banking services that underpin the N26 account for now will be provided by San Diego-based lender Axos....
...That view was supported by Jan Budden of ACP Axos, also in the statement: The PTK privatisation process will be watched with interest by Western investors....
International Edition