BlueMountain Capital Management

INVESTMENT MANAGEMENT

Jefferies | July 19, 2021

Jefferies Financial Group, Inc., the parent company of Jefferies Group LLC (“Jefferies Group”) (collectively referred to as “Jefferies”), and Sumitomo Mitsui Financial Group, Inc., Sumitomo Mitsui Banking Corporation, and SMBC Nikko Securities Inc. (collectively referred to as “SMBC Group”) announced today a Strategic Alliance to collaborate on future corpora. Jefferies and SMBC Group will collaborate on highly accretive growth areas in corporat...

OneWest Bank | January 31, 2020

OneWest Bank, CIT’s Southern California branch network, today announced the launch of a new small business mobile app, a new platform to help small business customers seamlessly reach their financial goals. The OneWest Bank business app empowers small businesses to pay bills, digitally deposit checks, transfer funds between OneWest accounts, schedule appointments and locate the nearest branch. In addition, customers using the app can apply for funding to support their equipment financing a...

JPMorgan | March 02, 2020

Banks likely hold the equivalent of $1.2 trillion worth of short positions in 10-year Treasuries, suggesting any rebound in yields could be capped if they cover their bets, according to JPMorgan Chase & Co. Expectations in 2018 for interest-rate rises from the Federal Reserve led banks to position themselves short duration, wrote strategists including Matthew Jozoff in a note Feb. 28. The recent “vicious” rate rally has exacerbated this already painful positioning and the financi...

CORE BANKING

Temenos | October 11, 2021

Silicon Valley-based Mbanq, a Banking-as-a-Service (BaaS) provider and one of the world’s fastest growing FinTechs, today announced it has signed a strategic agreement with Temenos (SIX: TEMN), the open cloud banking company, to launch an innovative Credit-Union-as-a Service (CUaaS) offering, and to accelerate BaaS adoption across the US. CUaaS is offered by Mbanq’s Credit Union Service Organization (CUSO) and will be powered by The Temenos Banking Cloud. This solution...