Cardinal Investment Group

LendingClub and Morgan Stanley | February 24, 2020

Call it a tale of two bank deals. The stories come with significantly different price tags: $185 million and $13 billion. Yet, some common threads unite the respective bids by LendingClub for Radius Bank and by Morgan Stanley for E-Trade, with a nod toward the changing financial services landscape and serving customers through “one-stop shop” platform models. For LendingClub, an online lender, the bid to buy Radius Bank means that (assuming the regulatory hurdles are satisfied), with...

FINANCIAL MANAGEMENT

Esquire | June 03, 2022

Esquire Bank’s financial holding company, Esquire Financial Holding, announced an exclusive partnership with the premier investment bank specializing in the litigation finance market, B.E. Blank and Company. The partnership aims to offer financing to commercial law firms across the U.S. It also leverages Esquire’s digital marketing stack and signature CRM platform to serve the combined clientele of the two companies. Ben Blank and his team are lea...

TRADING SYSTEMS, FINTECH

United Fintech and Cobalt | December 15, 2022

United Fintech, the end-to-end solution for banking technology, announces the 100 percent acquisition of Cobalt, the provider of critical risk and data services to the FX and digital asset markets. The acquisition elevates United Fintech’s position as the leading end-to-end solution connecting financial institutions with innovative fintechs to accelerate digital transformation. This is United Fintech’s fifth acquisition since launching in 2020 and has rapidly scaled it...

FINANCIAL MANAGEMENT

Wells Fargo and HSBC Holdings plc | November 18, 2022

Wells Fargo & Company (NYSE: WFC) and HSBC Bank plc today announced that the blockchain-based solution they are using for bilateral FX settlements is expanding to include the offshore yuan (CNH). The offshore yuan marks the fifth currency to be settled between the two banks using a shared settlement ledger that currently encompasses the U.S. dollar, Canadian dollar, British pound sterling, and the euro. Since launching the shared DLT solution in December 2021, HSBC and Wells Fargo have settl...