Cardinal Investment Group

Wall Street | March 03, 2020

U.S. stock markets fell sharply on Tuesday on worries that even a half percentage-point cut in interest rates might not be enough to stave off the economic impact of the coronavirus outbreak and halt the worst sell-off in more than a decade. It was the Federal Reserve’s first emergency rate cut since the 2008 financial crisis, underscoring how grave the central bank views the fast-evolving situation. Stocks initially jumped more than 1% on the news, but gains soon petered out as analysts a...

TRADING SYSTEMS

AFX, CITI | November 30, 2020

AFX has shaped a vital collusion with Citi in which the Bank will join the American Financial Exchange (AFX). Citi will likewise participate in position supporting utilizing AMERIBOR® fates and give market-production in AMERIBOR® financing cost trades. AFX is an electronic trade for direct lending and borrowing for American banks and financial institutions. AFX additionally encourages the assurance of a market-based loan cost benchmark called the American Interbank Offered...

FINTECH

Finicity, Brex | December 23, 2020

Finicity, a Mastercard company and driving supplier of open banking solutions, declared today that it has consented to a data access arrangement with Brex, a company that is rethinking financial systems so every developing business can understand their maximum capacity. Through this agreement, Finicity is expanding its authority in direct data access using an application programming interface (API) to fintechs as data stewards. Brex customers will presently have the option to safe...

Cision PR Newswire | August 28, 2020

Spire Capital, a leading New York-based private equity firm specializing in investments in the technology-enabled business services, communications, media, and education sectors, today announced its investment in Advocate Networks, LLC ("Advocate" or the "Company"). Advocate is the Premier TBM Services Company providing technology business management ("TBM") and technology expense management ("TEM") services to enterprise organizations needing to optimize ...