PYMNTS
SEPTEMBER 28, 2020
He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.
PYMNTS
OCTOBER 31, 2016
It now is in mortgages, personal loans, wealth management and, starting soon, insurance. During the past two months, SoFi got licenses in more states, including Arkansas, Florida, Massachusetts, New York and South Dakota. SoFi is considering setting its sights a bit lower.
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PYMNTS
APRIL 17, 2019
The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management. “For example, in lending, it’s striking that, today, five times more loan applications are approved in-person than online, despite creditworthiness.
ABA Community Banking
SEPTEMBER 29, 2021
On the latest episode the ABA Banking Journal Podcast, Berkshire Bank President and CEO Nitin Mhatre discusss Berkshire Bank's "BEST Community Comeback," a new $5 billion ESG-focused initiative at the Massachusetts-based midsize community bank.
PYMNTS
JULY 24, 2019
Maxine Waters of California said the merger, the largest in the sector since the financial crisis, may be “too big to manage.”. Stephen Lynch of Massachusetts pointed to the fact as many as 740 branches of the banks are within two miles of one another — and he raised concerns about branch closings and job losses.
CB Insights
NOVEMBER 6, 2019
Collectively, these startups have raised over $9.5B, with leading companies including lending startup Avant (Illinois, $655M in total disclosed equity funding), next-gen auto insurer Root Insurance (Ohio, $509M), restaurant finances management system Toast (Massachusetts, $503M), and small business lending startup Kabbage (Georgia, $490M).
PYMNTS
JANUARY 18, 2021
500,000 or more in fines may be issued to a Massachusetts woman who pleaded guilty to taking part in a BEC scam, according to a press release by the U.S. According to reports, those arrested include CEOs, accountants and managing directors, with a total of more than 6,600 fraudulent entities unearthed in government investigations.
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