Luno

Reuters | April 09, 2020

How much money will U.S. banks lose on loans because of the coronavirus recession? Analysts and investors have been struggling to come up with an answer – or at least a reasonable guess – ahead of quarterly reports from JPMorgan Chase & Co (JPM.N), Bank of America Corp (BAC.N), Wells Fargo & Co (WFC.N), and Citigroup Inc (C.N) next week. Wall Street estimates have changed dramatically from a month ago. Then, analysts called for big bank earnings per share to rise in the first...

Wall Street | April 02, 2020

U.S. stock markets opened lower but quickly rebounded on Thursday after another record-breaking rise in initial jobless claims underlined the scale of the damage being wrought on the U.S. economy by the Covid-19 pandemic. Another 6.65 million people filed for unemployment benefits last week, over twice as many as the 3.3 million who claimed a week earlier (the number was revised up by 20,000). In all, 6% of the U.S. workforce have hit the jobless rolls in just two weeks. By 10:05 AM ET (1405 GMT...

FINTECH

Zeni | March 15, 2021

Zeni, the book-keeping Fintech firm launched the first AI-powered finance concierge for start-ups, making it smart book keeping, accounting, CFO services ready to serve businesses across the United States. The company has also declared that it has brought up 13.5$ million funding till now, with Series A led by Saama Capital, Twin Ventures, Liquid 2 Ventures, Firebolt Ventures, Dragon Capital, Amit Singhal, Sierra Ventures, and SVB Financial Group involving in the funding with some...

INVESTMENT MANAGEMENT

Magnifi | November 04, 2020

Magnifi, a TIFIN Group organization and the world's first common language fueled speculation stage and Fi360, a Broadridge organization spend significant time in guardian instruction and innovation, today reported the consideration of the Fi360 Fiduciary Score® in Magnifi's amazing semantic looking and screening stage. This incorporation enables counsels to find and utilize venture items while remaining inside the guardrails of guardian hazard. Magnifi's Discovery,...