Banks

This is where you ask yourself, “Did I read that correctly? Wouldn’t a new app be a good thing?” Well, yes, you did read that correctly and, yes, a new app is a good thing. The problem is that the app announcement was not the only announcement about Monitise (LSE:MONI) today. The app announcement was […]

Atlas Mara stock (LSE:ATMA) has broken downwards as a result of selling pressure that takes the price below the supply zone at 10.50. This has resulted following a long period of consolidating and very thing market activities. In the chart, the price breaks below the lower Trendline, coming out from the recent consolidating and very […]

When Lending Club first went online in 2007 it is unlikely that many expected that it would have loaned more that $5 billion dollars within seven years or that it would be going public in that same time frame. $1.8 billion of that total was raised in the first six months of 2014. The company […]

Senior Secured Notes by Corolla Trust Ambac Financial Group, Inc. (Nasdaq:AMBC), a holding company whose subsidiaries provide financial guarantees and other financial services to clients in both the public and private sectors globally, announced today the closing of a private placement of senior secured notes by Corolla Trust, a Delaware statutory trust. On August 28, […]

Don’t get me wrong. I have nothing bad to say about either Zak or Azeez. They are both my colleagues and I respect them. I just needed a headline that would grab your attention. But I am not being entirely self-serving. I am also blatantly trying to get you to read Azeez’ article entitled “Annual […]

Patriot National Bancorp, Inc. (Nasdaq:PNBK) reported net income of $525,000 or $0.01 per diluted share for the second quarter of 2014. The results compare to net income of $319,000 in the first quarter of this year, (a 65% increase) and compared to a net loss of $3,912,000 in the second quarter of 2013. Excluding a […]

“A big, positive step,” is how Vince Cable described the Bank of England’s consultation papers published this morning. He went on to say that, “It is absolutely right that banker’s bonuses should be properly regulated so that they cannot cause the collapse of banking institutions.” Andrew Bailey, CEO of the Prudential Regulation Authority lauded the […]

At approximately 10:00 am GMT, Wednesday morning, the Bank of England is expected to publish Consultation Papers 14/14 and 15/14, “Strengthening Accountability in Banking,” and “Remuneration” outlining, to the extent that we know at this point, new guidelines for the UK banking sector, including further empowering the BoE’s ability to clawback variable bonuses and...

Meridian Interstate Bancorp (Nasdaq:EBSB), the holding company for East Boston Savings Bank, announced today the results of the stock offering of Meridian Bancorp, Inc., a newly formed corporation that is the proposed successor holding company for East Boston Savings Bank. The closing of the offering and the conversion from the mutual holding company to stock […]

Chicowhat? Chicopee Bancorp, Inc(Nasdaq:CBNK), the holding company for Chicopee Savings Bank, announced today that it expects to record a provision for loan losses of approximately $2.8 million (pre-tax) and $5.0 million (pre-tax) for the three and six months ended June 30, 2014, respectively. As a result, the Company anticipates reporting a loss before taxes of […]