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Marqeta Announces Integration with Mastercard Track Instant Pay Virtual Card Solution

Wed, 12/07/2022 - 08:03
OAKLAND, Calif. & PURCHASE, N.Y.--(BUSINESS WIRE)--Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced that it has integrated Mastercard (NYSE: MA) Track™ Instant Pay, a next-generation virtual card solution that uses machine learning and straight-through processing to enable instant payment of supplier invoices. With Track Instant Pay, Marqeta customers in the U.S. will be able to immediately authorize a payment to suppliers after invoices are received instead of wai

Finance of America to Acquire Assets of Reverse Mortgage Lender AAG

Wed, 12/07/2022 - 08:03
PLANO, Texas--(BUSINESS WIRE)--Finance of America Companies Inc. (NYSE: FOA) (“FOA” or the “Company”), a leading specialty finance and solutions platform, today announced it will acquire assets of American Advisors Group (“AAG”), a leading direct-to-consumer reverse mortgage lender, in exchange for a combination of cash and equity. The transaction underscores FOA’s commitment to invest in businesses that have strong growth potential with structural and demographic tailwinds. Commenting on bring

Sterling Trading Tech Sees Record OMS Growth

Wed, 12/07/2022 - 08:03
CHICAGO--(BUSINESS WIRE)-- #RaaS--Sterling Trading Tech (STT), a leading provider of order management systems, risk and margin tools and trading platforms to the capital markets worldwide, today announced record growth of its order management system (OMS) offering, doubling its userbase throughout the second half of 2022. The accelerated use of the Sterling OMS is driven by increased demand for sophisticated functionality across the market. Notable firms that have signed agreements for Sterling’s OMS o

State Street Announces Incremental Increase of up to $500 Million to Existing Common Share Repurchases in the Fourth Quarter

Wed, 12/07/2022 - 08:03
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced an incremental increase of up to $500 million to its previously announced fourth quarter common stock share repurchases under the current repurchase authorization previously approved by the company’s Board of Directors that expires at the end of 2022. This amount is in addition to the recently completed fourth quarter common share repurchases of $1.0 billion. The company now intends to repurchase up to a total of $1.5

2023 Citi Hildebrandt Client Advisory finds Law Firm Industry Results Suppressed by Macro Environment

Wed, 12/07/2022 - 08:03
NEW YORK--(BUSINESS WIRE)--Citi Law Firm Group and Hildebrandt Consulting today released their 2023 Citi Hildebrandt Client Advisory, which establishes the broad landscape for the law firm industry, how firms are responding to industry, economic and market challenges, and their potential opportunities for growth in the year ahead. While 2022 proved to be a challenging year for law firms, especially off the back of an unusually strong 2021, we view a comparison to 2019 as more accurate, the law

DirectEmployers Crosses New Membership Milestone to Reach 1,000 Members

Wed, 12/07/2022 - 08:03
INDIANAPOLIS--(BUSINESS WIRE)-- #AffirmativeAction--As a nonprofit HR trade association, DirectEmployers has long prided itself on its unparalleled membership offerings and support from the federal contractor community. From repeat wins as a Central Indiana Top Workplace to its considerable reputation in the federal contracting education space as a JD Supra Readers’ Choice Award recipient, the thriving organization can now add another milestone to the list of achievements – 1,000 Members strong. "Our goal as an Ass

Media Advisory: Planters Bank and FHLB Dallas to Award $8K to Mississippi Nonprofit

Wed, 12/07/2022 - 08:03
INDIANOLA, Miss.--(BUSINESS WIRE)-- #affordablehousing--Representatives from Planters Bank and Trust Company (Planters Bank) and the Federal Home Loan Bank of Dallas (FHLB Dallas) will award $8,000 in Partnership Grant Program (PGP) matching-grant funding to Delta Grace Inc., a faith-based nonprofit that makes home repairs for low-income homeowners. The media is encouraged to attend. PGP grants help qualified nonprofit organizations fund a variety of operational and administrative activities that are critical to se

Media Advisory: Cadence Bank and FHLB Dallas to Award $16K to Nonprofit Serving Domestic Violence Victims

Wed, 12/07/2022 - 08:03
EL DORADO, Ark.--(BUSINESS WIRE)-- #affordablehousing--Representatives from Cadence Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) will award $16,000 in Partnership Grant Program (PGP) funds to Turning Point of South Arkansas (Turning Point) during a ceremonial check presentation on Friday, December 9. The media is encouraged to attend. Turning Point provides emergency shelter and services to domestic violence victims and plans to use the funds for operational expenses and to offset the cost of operati

Stratus Acquires San Antonio-based Comet Signs

Wed, 12/07/2022 - 08:03
CLEVELAND--(BUSINESS WIRE)--Stratus, the leading facilities services and brand implementation services firm, today announced the acquisition of Comet Signs, based in San Antonio, Texas. The combined organization now consists of over 1,100 employees throughout the United States. With the acquisition of Comet Signs, Stratus will accelerate its growth in the Southwest and Western United States, leveraging Comet’s substantial presence in key Texas areas including Austin, Dallas, Houston, San Antoni

Carrington Mortgage Services Brings Second Lien Program to Carrington Customers

Wed, 12/07/2022 - 08:03
ANAHEIM, Calif.--(BUSINESS WIRE)-- #housing--Recently, Carrington Mortgage Services, LLC (CMS) introduced a Second Lien program that offers a unique opportunity for Carrington homeowners. The Second Lien product provides a welcome source of liquidity to existing CMS servicing customers who have seen an increase in the value of their homes and now face a rising-interest-rate market in which they may not see a benefit accessing their home equity by replacing a low first-lien rate to obtain a cash out. The p

Hercules Capital Announces Upcoming Event for the Financial Community

Wed, 12/07/2022 - 08:03
PALO ALTO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that members of the executive management team will be participating at the following event for the financial community: KBW BDC Midtown March Wednesday, December 14, 2022 78

Blue Point-Backed Weaver Leather Zips Up Local Partnership with Ohio Travel Bag Acquisition

Wed, 12/07/2022 - 08:03
CLEVELAND--(BUSINESS WIRE)--Blue Point Capital Partners and its portfolio company, Weaver Leather (“Weaver”), are pleased to announce the acquisition of Ohio Travel Bag (“OTB”), a distributor of specialty hardware, fittings and supplies used in a variety of industries and end markets including leather goods, pet, equine, handbags, trunks and crafts. Established in Cleveland in 1908, OTB provides a diverse selection of high-quality products backed by exceptional customer service. “The core of Oh

Goji collaborates with Apex Group to offer digital global investor onboarding for alternative fund managers

Wed, 12/07/2022 - 02:02
LONDON--(BUSINESS WIRE)--Goji, an FCA regulated, UK-based technology provider that offers investors digital access to alternative investments, today announced its partnership with global financial services provider Apex Group Ltd. (“Apex Group”) to enable alternative asset management clients to seamlessly manage all stages of the investor lifecycle. Apex Group’s digital onboarding solution, powered by Goji, provides alternative fund managers of both closed and open-ended funds, the ability to o

VERU ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Veru Inc. and Encourages Investors to Contact the Firm

Tue, 12/06/2022 - 23:02
NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Veru Inc. (“Veru” or the “Company”) (NASDAQ: VERU) in the United States Southern District Court of Florida on behalf of all persons and entities who purchased or otherwise acquired Veru securities between May 11, 2022 and November 9, 2022, both dates inclusive (the “Class Period”). Investors have until February 3, 2023 to a

Plaintiffs’ Co-Lead Counsel Announce Four Major Settlements with Juul Labs, Inc. Addressing U.S. Youth E-Cigarette Usage

Tue, 12/06/2022 - 23:02
SAN FRANCISCO--(BUSINESS WIRE)--Co-Lead Counsel for Plaintiffs in the federal multidistrict litigation captioned In re: Juul Labs, Inc., Marketing, Sales Practices and Products Liability Litigation, MDL No. 2913, and the coordinated proceeding captioned Juul Labs Product Cases, JCCP No. 5052, today announce four separate global settlements with Juul Labs, Inc. Together, these settlements will help address youth use of e-cigarettes. The settlements follow three-plus years of hard-fought litigati

SHAREHOLDER ACTION ALERT: The Schall Law Firm Files Class Action on Behalf of Investors in NeoGenomics, Inc. and Advises Shareholders with Losses of $100,000 to Contact the Firm

Tue, 12/06/2022 - 20:02
LOS ANGELES--(BUSINESS WIRE)---- $NEO #NEO--The Schall Law Firm Files Class Action on Behalf of Investors in NeoGenomics, Inc. and Advises Shareholders with Losses to Contact the Firm

Shareholder Alert: Robbins LLP Informs Investors of Class Action Against Spectrum Pharmaceuticals, Inc. (SPPI)

Tue, 12/06/2022 - 20:02
SAN DIEGO--(BUSINESS WIRE)---- $SPPI #FDA--Spectrum Pharmaceuticals Inc. Misled Investors Regarding the Viability and Efficacy of its New Drug

EQUITY ALERT: Rosen Law Firm Encourages Generac Holdings Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – GNRC

Tue, 12/06/2022 - 20:02
NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Generac Holdings Inc. (NYSE: GNRC) between April 29, 2021 and November 1, 2022, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than January 30, 2023. SO WHAT: If you purchased Generac securities during the Class Period you may be entitled to compensation

UBS Declares Coupon Payments on 5 ETRACS Exchange Traded Notes

Tue, 12/06/2022 - 20:02
NEW YORK--(BUSINESS WIRE)--UBS Investment Bank today announced coupon payments for 5 ETRACS Exchange Traded Notes (the “ETNs”), all traded on the NYSE Arca. NYSE Ticker   ETN Name and Prospectus Supplement* Coupon Valuation Date Ex-Date Record Date Payment Date Coupon Amount Payment Schedule Current Yield (annualized) HDLB**   ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B 11/30/2022 12/12/2022 12/13/2022 12/21/2022 $0.1327 Monthly 11.57% SMHB**   ETRACS Monthly Pay

KBRA Releases Research – Third Quarter 2022 Business Development Company (BDC) Ratings Compendium and 2023 Outlook

Tue, 12/06/2022 - 20:02
NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA releases its Business Development Company Ratings Compendium, which looks at results for the quarter ended September 30, 2022, as well as the sector Outlook for 2023. KBRA believes that despite recent headwinds, including a potential recession and asset quality uncertainty, the BDCs in its coverage universe will continue to exhibit solid credit fundamentals. Themes discussed in the Compendium include: Rising interest rates have presented competing tailwinds and h