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Truist mulls a restructuring of its underwater bond portfolio

American Banker

The North Carolina-based bank is considering the idea of selling a portion of its securities portfolio as a way to build capital, CEO Bill Rogers said Tuesday. At the end of the third quarter, Truist's securities were worth about 20% less than what the company paid for them.

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Banking's Top 5 Total Return to Shareholders: 2023 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. It is a Minority Depository Institution (MDI) and is one of only a few North Carolina banks designated by the U.S. As both an MDI and CDFI, it applied for and received $80 million from the Emergency Capital Investment Program (ECIP) distributed by the U.S.

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CFPB announces new appointments to advisory groups

CFPB Monitor

Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA. Cal Ratcliff, Senior Vice President, Chief Compliance Officer, Bank of North Carolina, High Point, NC. Ricardo Ledezma, Corporate Compliance Assurance Manager, San Antonio Federal Credit Union, San Antonio, TX.

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Newborn Unicorns: Meet The New Class Of $1B+ US Startups

CB Insights

Last quarter, the US unicorn “birth rate” ticked up significantly as 9 new VC-backed companies reached $1B+ valuations (compared to only 3 companies in Q1’17), the highest quarterly total since the close of Q3’15, according to our Q2’17 Venture Capital Funding Report with PwC. Valuation: $1.4B. Valuation: $1.3B.

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nCino Ups Its IPO To As Much As $253M

PYMNTS

The Wilmington, North Carolina-based company nCino Inc., Our solution streamlines employee, client and third-party interactions and drives increased profitability, efficiency, transparency and regulatory compliance across a financial institution.”. million by offering 7.6 million shares to the public and another 1.1

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Finovate Alums Earn Recognition at 2016 Wealth Management Awards

Fintech Labs Insights

For Envestnet, the award comes just days after announcing its new collaboration with Charlotte, North Carolina’s Innovation Partners , who will use financial wellness solutions from Envestnet | Yodlee to enhance its wealth management services.

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Spreedly Raises $2.5 Million in New Funding

Fintech Labs Insights

“This new round brings our total raised capital to a little under $5 million,” Benson said in a blog post this afternoon. ” Spreedly helps marketplaces and platforms accept a wider range of payment types while reducing cost, complexity, and compliance burden. Spreedly is also a Finovate alum.