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Goldman | July 07, 2020
Goldman Sachs sees Wall Street banks suffering from a surge in bad loan provisions and has outlined a grim estimate for a 69% drop in second-quarter earnings. Analysts at the bank wrote in a 7 July note to clients that they see $32bn in set-asides for bad loans for the largest seven American banks this quarter, an increase from about $26bn in the first three months of the year. A trading bonanza, fuelled by virus-driven volatility, has not been enough to outweigh an economic slump, the dr...
Payments
Priority Technology Holdings, Inc. Finxera Holdings, Inc. | March 09, 2021
Priority Technology Holdings, Inc., today announced that it merged with Finxera Holdings, Inc. to launch the first Banking as a Service ("BaaS") platforms. They have entered into a definitive agreement to merge where Finxera will operate as a wholly-owned subsidiary of Priority. The transaction platform is expected to start in the third quarter of 2021. Priority Technology Holdings, Inc is a leading payments technology company. Finxera Holdings, Inc. ("Finxera") is a pioneer ...
Investment Management
GeoWealth | September 29, 2022
GeoWealth, a modern turnkey asset management platform (TAMP) built for registered investment advisors (RIAs), today announced several upgrades focused on providing RIAs with more personalization and choice in their investment management programs – including investment guidance, due diligence, service and support. To best serve their clients, contemporary advisors demand greater control, flexibility and customization when managing client portfolios. GeoWealth has responded by expanding its ...
Airbase | August 11, 2021
Airbase, the leading spend management platform for companies from founding to IPO, today announces a native integration with Intuit QuickBooks Desktop. The combination delivers a seamless, automated connection between company spend and the general ledger. This announcement adds to the expanding list of popular GL integrations available with Airbase, including QuickBooks Online and Xero, plus NetSuite and Sage Intacct ERPs. Airbase’s integrations are native, rather than &ldqu...
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