Liquid Capital

CORE BANKING

Lumin Digital | April 11, 2022

Lumin Digital, a PSCU company, declared today that West Community Credit Union (WCCU), based in Missouri, has signed a multi-year agreement for Lumin Digital's cloud-native platform for online and mobile digital banking solutions. Lumin Digital will support the credit union's more than 27,000 members by going live on the platform in October 2022. West Community Credit Union is an advanced financial institution that strives to build relationships based on trust by understan...

SoftBank | February 28, 2020

Elliott Management Corp is pressing SoftBank Group Corp (9434.T) for details of nearly-$10 billion of investment securities on its balance sheet, as part of its campaign to improve the value of the Japanese conglomerate in which it holds a stake, sources said. The $40 billion hedge fund, one of the most powerful activist investors, has a $3 billion stake in the company and is trying to push for changes after SoftBank’s bet on start-ups such as space-sharing firm WeWork soured. SoftBank&rsq...

Wall Street | February 04, 2020

The Nasdaq hit a record high on Tuesday and the S&P 500 headed for its biggest one-day gain in about six months as fears of a heavy economic impact from the coronavirus outbreak waned after China’s central bank intervened. The Dow was on pace for its biggest single-day rise in about eight months, as the stock market recovered from steep losses in the prior week. The People’s Bank of China (PBOC) injected a total of 1.7 trillion yuan ($242.74 billion) through reverse repos on Mond...

FINANCIAL MANAGEMENT

Standard Chartered | May 12, 2022

Standard Chartered (“Bank”) today announced the launch of its Sustainable Account. This new product, with the characteristics of a Demand Deposit Account, provides large corporates with the opportunity to contribute to sustainable development whilst maintaining daily access to their finances for their intraday liquidity management needs. Deposits in Sustainable Accounts are used to fund sustainable projects based on the Bank’s Green and Sustainable Product Framew...