A recently acquired mortgage banker has agreed to settle a class action lawsuit over a data breach that occurred last August. Processing Content NJ Lenders Corp. will pay up to $100,000 in total to class members, which includes anyone who received direct notice from the lender that their private information may have been impacted in…
Billionaire hedge fund manager Ken Griffin now controls a full city block in Miami’s desirable Brickell financial district following a unanimous vote by the City of Miami Commission to approve the sale of a historic site to the Citadel CEO. The nearly $3 million transaction centers on the land beneath the historic James Jackson Cottage,…
The combined company will draw on the respective experience and capabilities. Credit: PT Danantara Asset Management. Indonesia’s PT Danantara Asset Management has signed a share purchase agreement (SPA) covering stakes in the four state-owned investment management firms. The firms include PT Mandiri Manajemen Investasi (MMI), PT BRI Manajemen Investasi (BRI MI), PT BNI Asset Management…
Form DEF 14A ENvue Medical Inc For: 24 July
Key insight: Upstart now has approval from the OCC to start building a de novo bank subsidiary after a 120-day review process. What’s at stake: With the OCC denying its first charter application this week, firms seeking bank charters are expecting rigorous review of their applications. Expert quote: Upstart’s Annie Delgado told American Banker that…
Editorial & Advertiser disclosure Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press…
Mortgage broker use rose to a five-year high in 2025 as borrowers sought help navigating a more complex range of products, lenders and payment structures. New consumer research from Mortgage Professionals Canada (MPC) found that 38% of recent homebuyers obtained their mortgage through a broker, up six percentage points from 2024. The share rose to…
I like to think about how much Ford Motor Company has changed since the installation of the first moving assembly line in Highland Park. From the first mass-produced internal combustion engines in the first commercially available cars to some of the world’s most innovative electric and hybrid engines found in sports cars, luxury vehicles and…
Business collateral is a fundamental concept in securing loans for your business. It refers to the assets you pledge to lenders, such as real estate or equipment, to reduce their risk. This security can greatly improve your chances of loan approval and better terms, especially if your credit history isn’t strong. Comprehending how collateral works…
24 July 2026 Eurosystem has started onboarding process of non-euro area central banks to enhanced repo facility (EUREP), with drawings possible as of Q4 2026 EUREP to be implemented by five national central banks and coordinated by the ECB The Governing Council of the European Central Bank (ECB) today decided on the operational features and…