Genesis Global Capital

FINANCIAL MANAGEMENT

Saphyre | June 29, 2022

The Saphyre platform is now accessible to Citi Securities Services' shared custody clients to manage new account openings and maintenance, according to a fintech business leveraging patent-approved AI technology. The Saphyre technology offers Citi an alternative to its current account management system and can have the advantage of greatly automating and accelerating client onboarding. "Our constant focus is on reducing friction and providing efficiencies for clients. Add...

CORE BANKING

DR Bank | May 23, 2022

DR Bank is proud to partner with premium basics brand Bombas through their internal Giving Initiative program by donating 1,000 pairs of Bombas donation socks. Bombas is a comfort-focused, digitally native brand that provides elevated basics and helps those in need. The company was originally founded in 2013 because socks are the #1 most requested clothing item at homeless shelters. For every item purchased, a specially designed item is donated to the homeless community. DR Bank c...

PAYMENTS, BLOCKCHAIN

SGH | June 30, 2022

SMART Global Holdings, Inc. (“SGH” or the “Company”) (Nasdaq: SGH) today announced that it has entered into a definitive agreement with affiliates of Siris Capital Group, LLC, to acquire Stratus Technologies (“Stratus”), a global leader in simplified, protected, and autonomous computing solutions in the data center and at the Edge. Under the terms of the agreement, SGH will pay $225 million in cash at closing and an earn-out payment of up to $50 million, based...

Wall Street | April 20, 2020

Wall Street fell at the open on Monday as energy shares took a hit from a crash in oil prices, with investors bracing for a week packed with earnings reports and economic data that could provide more evidence of the damage wrought by the coronavirus. The Dow Jones Industrial Average (DJI) fell more than 2% minutes after opening down 147.39 points, or 0.61%, at 24,095.10. The S&P 500 (SPX) opened lower by 28.94 points, or 1.01%, at 2,845.62, while the Nasdaq Composite (IXIC) dro...