Finance

Greensill's Ghost Will Haunt the Finance World

Greensill’s Ghost Will Haunt the Finance World

Placeholder while article actions load SoftBank Group Corp. Chief Executive Officer Masayoshi Son and Credit Suisse AG Chairman Axel Lehmann doubtless wish their respective firms had never met disgraced financier Lex Greensill. But hopefully they — and the finance industry at large — can learn lessons from the scandal that ensued. Greensill’s charm, self-belief and …

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Elon University / Today at Elon / Adam Aiken named Wesley R. Elingburg Professor of Finance

Elon University / Today at Elon / Adam Aiken named Wesley R. Elingburg Professor of Finance

The endowed professorship was established by Trustee Wesley Elingburg and his wife, Cathy, in 2007. Associate Professor of Finance Adam Aiken has been named the Wesley R. Elingburg Professor of Finance. Aiken is the third faculty member to hold the professorship, succeeding Finance Professor Wonhi Synn, who was named to the professorship in 2016. Adam …

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Cloud hiring levels in the private banking industry rose in July 2022

Cloud hiring levels in the private banking industry rose in July 2022

The proportion of private banking companies hiring for cloud related positions rose in July 2022 compared with the equivalent month last year, with 59.2% of the companies included in our analysis recruiting for at least one such position. This latest figure was higher than the 56.2% of companies who were hiring for cloud related jobs …

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CFPB Bolsters Jurisdictional Claim Over Financial Services Industry's Digital Marketing Vendors |  Cooley LLP

CFPB Bolsters Jurisdictional Claim Over Financial Services Industry’s Digital Marketing Vendors | Cooley LLP

On August 10, 2022, the Consumer Financial Protection Bureau issued an interpretive rule stating that digital marketing providers that “commingle” the targeting and delivery of advertisements to consumers on behalf of financial services companies are subject to the CFPB’s jurisdiction. The interpretive rule arguably builds the jurisdictional groundwork for further action in connection with the …

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Plaid/Wise partnership gives money transfer providers the power to disrupt

Plaid/Wise partnership gives money transfer providers the power to disrupt

The news: Technology platform Plaid and money-transfer provider Wise struck a deal to offer customers access to a storefront of apps without their needing a bank account, per FinExtra. The partnership aligns with Plaid’s journey toward secure universal data access and Wise’s “money without borders” mission. How it works: The deal gives Wise’s 13 million …

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Falcon Wealth Planning Adds Finance Industry Veteran Peter Lombardi, CFP®, MBA

Falcon Wealth Planning Adds Finance Industry Veteran Peter L…

(MENAFN-EIN Presswire) Peter Lombardi CFP®, MBA With 30+ years of experience, Peter Lombardi is an established presence in the Orange County Community and a perfect fit for Falcon. I’m thrilled to share in Falcon’s upward trajectory and help it reach the pinnacle of its field.” — Peter Lombardi CFP®, MBAONTARIO, CALIFORNIA, USA, August 15, 2022 …

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Lingang unveils plan to accelerate emerging financial industry development

Lingang unveils plan to accelerate emerging financial industry development

The Lingang Special Area has mapped out an action plan for accelerating the development of the emerging financial industry to better integrate into and serve major national strategies, promote financial innovation and development in an all-round and high-level manner, and enhance its ability to serve the real economy. Hence, the special area has put forward …

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Mitsubishi Motors Announces Sunbit As Preferred Finance Technology Partner

Mitsubishi Motors Announces Sunbit As Preferred Finance Technology Partner

Mitsubishi customers now have flexibility to unexpected finance service expenses over time FRANKLIN, Tenn., Aug. 15, 2022 /PRNewswire/ — With one of the industry’s leading powertrain warranties1 10-years/100,000-miles – Mitsubishi Motors North America, Inc. (MMNA) is doubling down on its commitment to its service customers today, announcing that it has added Sunbit as its preferred …

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Bitmain, Antpool, Antalpha Offer Bitcoin Mining Industry Lifeline - Bitcoin Magazine

Bitmain, Antpool, Antalpha Offer Bitcoin Mining Industry Lifeline – Bitcoin Magazine

Bitmain and its mining pool are partnering with Antalpha to provide financial support to the bitcoin mining industry. Loans will be low-cost and can be used to pay back equipment loans or to subsidize energy costs. Bitmain and Antpool will provide proprietary data to the lender in order to evaluate risk. Bitmain Technologies Ltd., one …

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