Sat.Jul 14, 2018 - Fri.Jul 20, 2018

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CIT expands capital equipment finance team to serve new markets

The Paypers

(The Paypers) US-based CIT Group has announced it is creating a Logistics Finance unit within its Capital Equipment Finance business for leasing and financing solutions.

Capital 28
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First Cannabis Company To Go Public Raises $153M

PYMNTS

at the close of trading on Thursday (July 19), the company had a market value of nearly $2 billion. “It It is a big deal for the cannabis industry’s expansion plans,” said Matthew Kennedy, an IPO market strategist at Renaissance Capital, which runs exchange trade funds that buy newly listed shares. The IPO raised $153 million.

Company 144
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B2B Investors Get Smart About Business Intelligence

PYMNTS

Business intelligence is a common theme in this week’s B2B venture capital (VC) roundup, with many startups deploying artificial intelligence (AI) and sophisticated data analytics technologies for their business customers. focus on product development, and enhance sales and marketing efforts. Investors placed more than $136.5

Analytics 105
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Santander Creates Digital Investment Unit

PYMNTS

According to a report in Fintech Futures , the new unit will focus on making sure the bank is using the latest technology to improve efficiencies, while at the same time exploring the use of tokenized securities in the capital markets, derivatives and with other financial products. We want to offer our clients what they expect from us.”

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Barclays Eyes US Expansion

PYMNTS

In addition, sources say that Barclays is putting more capital behind its U.S. housing market during the last recession. accounted for 40 percent of the bank’s profits, and around a fifth of the bank’s capital is allocated to the country. Other possibilities include rolling out its U.K. checking account offering.

Delaware 101
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Amazon Flirts With $900B Market Cap Amid Strong Prime Day Sales

PYMNTS

Amazon flirted with the $900 billion market cap club Wednesday (July 18) after completing a successful Prime Day shopping event. This year marked the first time Prime members could get deals during the event at Whole Foods Market. It ended the trading day with a market capitalization of $894.2 billion.

Marketing 101
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Kroger Highlights Sales Numbers In The Face Of Prime Day

PYMNTS

The news comes as Amazon flirted with the $900 billion market cap club on Wednesday (July 18) after completing a successful Prime Day shopping event. And this year marked the first time that Prime members could get deals from Whole Foods Market during the event. It ended the trading day with a market capitalization of $894.2