Hints and tips:
Related Special Reports
...Third, big banks including Wells Fargo and Citigroup have been scaling back their subscription line businesses, making them less likely to bid for these loans....
...However, just a fraction of the more than 4,000 banks in the US have signed up for FedNow, including large lenders such as JPMorgan Chase and Wells Fargo, alongside service providers Fiserv and Jack Henry...
...They sell off an insurance company here and a brokerage business there. But for the most part, they’re still working within the confines of this unwieldy structure that was dreamed up by Sandy Weill....
...From HSBC and Barclays to US lenders such as Wells Fargo and Bank of New York Mellon, Paris has turned into a landing point for more senior investment bankers....
...By Wednesday morning, the nation’s three other largest lenders, Bank of America, Wells Fargo and Citigroup were on board....
...At the same time, many big providers of subscription lines — such as Citigroup and Wells Fargo — are scaling back their businesses....
...Friday March 17: A deposit injection of $30bn into First Republic by JPMorgan, Citigroup, Wells Fargo and others was an intelligent attempt to calm market panic, we reckoned....
...Within insurance, its applications go well beyond motor. Zurich’s Chan highlights home insurance, where image analysis is helping insurers to be more proactive in spotting risks coming down the track....
...When Dezer recently approached Wells Fargo, his longtime lender, he discovered the bank was only willing to provide $100mn of the $550mn loan he needed for the Bentley — and at higher rates than in the past...
...analytics company powering some of the largest consumer banks....
...Challenger banks tested as investors look under the hood Dave, a consumer banking company that went public in January, gained a surprising bedfellow last month when FTX Ventures, an arm of cryptocurrency...
...Bar David says her company is well-positioned to take share from traditional banks as society adapts to new ways of working and banking in the years ahead....
...Capital One, Citigroup, Wells Fargo, Synchrony Financial and Santander You’ve built out a system to manage fraud risk, do you want to do credit risk as well?...
...The talks ended without an agreement from all the banks and a fire sale of stocks owned by Archegos followed....
...Or look at the action of banks. This week JPMorgan Chase, Wells Fargo and Citi set aside a record $28bn for bad loans, more than expected....
...Quick Fire Q&A Company name: Duality Technologies When founded: 2016 Where based: Newark, New Jersey Chief executive: Alon Kaufman What do you sell, and who do you sell it to: Our privacy-preserving...
...And since “the exposure of UK investors, including insurance companies [and banks], to these shifts is potentially huge”, he warned of a potential future market panic if investors suddenly woke up to these...
...Quick Fire Q&A Company name: Parsyl When founded: 2017 Where based: Denver CEO: Ben Hubbard What do you sell, and who do you sell it to: Smart sensors, data insights, and cargo insurance for shippers...
...Quick Fire Q&A Company name: Getsafe When founded: 2015 Where based: Heidelberg, Germany CEO: Christian Wiens What do you sell, and who do you sell it to: Getsafe offers digital insurance products for...
...Amount of money raised so far: $152m Valuation at latest fundraising: N/A Major shareholders: Tencent, DST Global, Valar, Alven and the European Investment Bank....
...The bank makes its money, he says, from interchange fees on debit card transactions. “It’s a transaction based business model — more like a payments company than a bank.”...
...Amount of money raised so far: $26.3m Valuation at latest fundraising: n/a Major shareholders: Drive Capital, ING, Wells Fargo, Alsop Louie, the University of Chicago....
...“The company has grown significantly, but it is still a small [insurance] carrier,” he said. Lemonade generated $116m of premiums last year, well up on 2018’s $47m....
...Quick Fire Q&A Company name: Taulia When founded: 2009 Where based: San Francisco CEO: Cedric Bru What do you sell, and who do you sell it to: We provide cloud-based financial supply chain solutions...
...Quick Fire Q&A Company name: Hastee When founded: 2017 Where based: London CEO: James Herbert What do you sell, and who do you sell it to: Hastee is an earnings on demand company that allows employees...
International Edition