Joseph Otting, Comptroller of the Currency, said he believed standards should be relaxed to allow banks back into the small...
David Rutter is in charge of R3 and shares his perspective on the current environment; he stated to City A.M,...
An article in Business Insider highlights a $96 billion hedge fund, Man Group; the firm initially held off on rolling out their AI powered trading bot out broadly until recently; by 2015 AI was contributing half of the profits to Man Group’s largest funds. Source
Business lending at banks is up 3.3 percent year on year as of May 9th, improving but far below double...
With cryptocurrency market caps rising and futures markets being adopted 2017 saw hedge funds pour over $2bn into the space; the figures come from a Morgan Stanley note sent to clients with research included from Autonomous NEXT; the note also shows 84 of 100 crypto related funds started in 2017; this year has helped the market to begin being more widely accepted by traditional institutional investors. Source.
Hedosophia is not a household name, and that is by design. The fund is one of the most secretive investors...
Over 250 investors, entrepreneurs, bankers, and regulators attended the 2019 Fintech for Inclusion Summit to discuss how to expand access...
Just a month away, USA 2022 is shaping into LendIt's the most successful event yet. Here is a sneak peek at the featured speakers.
Shift.com, a peer-to-peer used car online marketplace, has partnered with Hertz to sell the rental car business' cars on its platform; the partnership is changing the firm's business model and providing a bridge for future growth; the platform seeks to offer 20% of its used car inventory from Hertz and will also focus new market launches around new Hertz inventory; the partnership will help to reduce costs of used car acquisition which has resulted in a reduction of 25 employees from the firm's workforce; licensing details are also a factor which have caused the firm to temporarily pause its business in Washington, D.C.; the firm's website currently markets its services in Los Angeles, Orange County, Sacramento, San Diego, San Francisco and Washington, D.C. Source
The House Financial Service Committee (HSFC) is promoting small business investment and growth through six new bills; provisions include an expansion of venture capital fund investing, changes to the number of shares available for employees at privately-held companies and more responsive action by the Securities and Exchange Commission (SEC) in findings and recommendations by the SEC's Government-Business Forum on Small Business Capital Formation. Source