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Banking investment
“It’s a mess” – Pro blasts Bank of America CEO for its $100B problem
June 29, 2023 09:58 PM AEST| By InvezzAmerica’s large systematically important banks passed their stress tests. The report by the Federal Reserve provides some relief to policymakers, investors and management. However, Bank of America (NYSE: BAC), popularly known as BofA, is facing...
DealHub.io Acquires Usage-based Billing Company Subzee
June 29, 2023 05:15 PM AEST| By InvezzAustin, United States, June 27th, 2023, FinanceWire DealHub.io, today announced the acquisition of Subzee, a billing platform specializing in managing usage and recurring pricing models, expanding its leading CPQ into a complete Quote-to-Revenue plat...
Brookfield Reinsurance may soon own American Equity
June 28, 2023 06:13 AM AEST| By InvezzAmerican Equity Investment Life Holding (NYSE: AEL) ended about 15% up after Brookfield Reinsurance Ltd (TSE: BNRE) said it was willing to buy the annuity provider for $4.3 billion. Analysts’ view on the Brookfield-AEL deal The proposal transla...
Wise stock jumps 20% on bumper fiscal 2023 results
June 27, 2023 11:56 PM AEST| By InvezzWise PLC (LON: WISE) gained as much as 20% this morning after reporting strong results for its fiscal 2023. Wise FY 2023 financial highlights The fintech firm concluded the financial year with income of £964.2 million ($1.23 billion) – a w...
PacWest sells lender-finance loan portfolio to Ares Management
June 27, 2023 01:52 AM AEST| By InvezzPacWest Bancorp (NASDAQ: PACW) is in focus this morning after Ares Management Corp agreed to buy its specialty finance portfolio. What’s in it for Ares Management? California-based Ares acquired $3.5 billion worth of the bank’s lender-fin...
Sea of red as Lloyds, Barclays, HSBC, share prices dip after BoE
June 22, 2023 09:34 PM AEST| By InvezzUK bank stocks continued their sell-off after the Bank of England (BoE) delivered a bigger rate hike than expected. The bank hiked by 50 basis points and pushed the official lending rate to 5%, the highest level in more than a decade. As I wrote here...
As the NatWest share price moves to a bear market, is it a buy?
June 21, 2023 09:58 PM AEST| By InvezzNatWest (LON: NWG) share price has been in a strong bearish trend in the past few months as concerns about the UK economy continued. The stock retreated to a low of 236.60p on Wednesday, the lowest level since November 2022. US government bond crisis...
Lloyd share price: Avoid as a rare death cross pattern nears
June 21, 2023 01:15 AM AEST| By InvezzLloyds (LON: LLOY) share price has retreated in the past few weeks as concerns about the company continue. The stock dropped to a low of 44.82p, which is about 10% below the highest level in May, meaning it has moved into a correction phase. UK infla...
Plus500 share price shoots up despite CMC Markets warning
June 14, 2023 02:18 AM AEST| By InvezzPlus500 (LON: PLUS) share price went vertical even as concerns about the online trading companies retreated. The stock jumped by more than 8% on Tuesday, making it the best-performing company in the FTSE 250 index. CMC Markets, on the other hand, saw...
JPMorgan agrees to settle with victims of Jeffrey Epstein
June 13, 2023 04:36 AM AEST| By InvezzJPMorgan Chase & Co (NYSE: JPM) is in focus today after the investment bank settled with victims of sexual predator Jeffrey Epstein. JPMorgan to pay $290 million to settle The financial services behemoth did not admit liability but greed to pay $...
Abrdn share price is rising: buy the stock if this happens
June 13, 2023 02:03 AM AEST| By InvezzAbrdn (LON: ABDN) share price has made a spectacular recovery this year as market conditions improve. The shares jumped to a high of 220p on Monday, the highest point since March this year. They have soared by over 72% from the lowest level in 2022....
Nasdaq agrees to buy Adenza for $10.5 billion
June 13, 2023 12:50 AM AEST| By InvezzNasdaq Inc (NASDAQ: NDAQ) opened about 10% down this morning after it confirmed plans of buying Adenza Group Inc for $10.5 billion. Details of the Nasdaq-Adenza deal On Monday, the financial services company said it will pay $5.75 billion in cash to...
SBI share price analysis: Is the State Bank of India a good buy?
June 12, 2023 04:50 PM AEST| By InvezzThe State Bank of India (NSE: SBIN) share price retreated sharply on Friday after the biggest Indian bank announced plans to raise additional capital. The shares retreated to a low of ₹580, a few points below the year-to-date high of ₹593...
Affirm doubles down on its partnership with Amazon
June 08, 2023 05:42 AM AEST| By InvezzAffirm Holdings Inc (NASDAQ: AFRM) is trading up today after the financial technology company doubled down on working with Amazon.com Inc (NASDAQ: AMZN). Affirm already had an affiliation with Amazon On Wednesday, the California-based company said U....
