American Banker
DECEMBER 5, 2023
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.
PYMNTS
JANUARY 8, 2019
The funding round was led by Benhamou Global Ventures (BGV) with additional capital from Btov. The company also partnered with online marketplace Aha in 2017 to debut an on-demand delivery service in Iceland’s capital, Reykjavik. Flytrex also has plans to expand into North Carolina.
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PYMNTS
APRIL 5, 2019
Bloomberg reported Friday (April 5) that Commercial Bank of Ivanovo, which is 80 percent owned by former North Carolina Republican Rep. Charles Taylor, had its license revoked because, as the Russian central bank said, it “regularly” broke regulations governing anti-money laundering rules.
PYMNTS
AUGUST 29, 2019
The company, which is based in both Switzerland and Singapore, has been talking with regulators and petitioned for a capital markets services license, which will allow the firm to offer asset management as a first step into financial services, co-founders Mathias Imbach and Gerald Goh said, according to Deal Street Asia.
PYMNTS
OCTOBER 14, 2017
The CREAM in Cream Capital stands for Crypto. To be more precise, Ghostface Killah is a part of Cream Capital, a firm that claims him as one of its co-founders. This quote from Cream Capital’s Co-Founder and CEO, Brett Westbrook, sums it up: “He [Dennis Coles] doesn’t have any technical background with cryptocurrencies.
PYMNTS
MARCH 10, 2020
Patrick McHenry, Republican of North Carolina, stated that “the failure of Wells Fargo is not the failure of some sort of innovation – it’s the lack of it, lack of adapting to the new marketplace, lack of adhering to existing laws and regulatory order.”.
American Banker
MARCH 11, 2016
Ray Grace, North Carolina's banking commissioner, believes federal bank regulators should embrace charters for banks dedicated to innovation. Doing so, he said, would help the banking industry secure its spot as a "laboratory for change.".
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