Lastest from Businesswire

PEMBROKE, Bermuda--(BUSINESS WIRE)--Arch Capital Group Ltd. (NASDAQ: ACGL) (“Arch” or the “Company”) today announced Alexander “Alex” Moczarski has joined the Company’s Board of Directors, effective immediately. Mr. Moczarski previously served as Chairman of Marsh McLennan Companies, International. He is a seasoned builder of businesses, teams and relationships, with over 45 years of global insurance experience. Over the course of his career, Mr. Moczarski held leadership positions at Guy Carpe

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (Pennymac) announced today the launch of its full service Non-Delegated solution, NonDel+, an intuitive, end-to-end loan experience within the dynamic POWER+ portal that is specifically tailored to banker partners who value control over their loans, but desire support with disclosures, loan documents and additional services. "We are proud to expand our TPO offering with NonDel+, which was created to empowe

JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS® (NYSE: FIS), a global leader in financial technology across the full money lifecycle, today announced the launch of FIS Revenue Insight, a predictive analytics solution designed to help businesses optimize collections. Through proprietary patented technology powered by artificial intelligence (AI), FIS Revenue Insight aims to deliver actionable insights into cash at risk, enabling companies to proactively identify risks, accelerate revenue and drive bus

NEW YORK--(BUSINESS WIRE)--TruArc Partners, LP ("TruArc"), a private equity firm focused on the middle-market, today announced the completion of its sale of AI Fire, LLC ("AI Fire" or the "Company"), a commercial fire and life safety services provider. As part of the transaction, TruArc will retain an ownership stake in the Company. Terms of the transaction were not disclosed. Since acquiring AI Fire in March 2021, TruArc has invested significantly in the Company to support the management team

ATLANTA--(BUSINESS WIRE)--o15 Capital Partners (“o15”), a mission-driven alternative investment firm dedicated to providing growth capital to undercapitalized companies and communities, today announced the successful close of its inaugural fund, o15 Emerging America Credit Opportunities Fund LP (the “Fund”), at approximately $370 million. The Fund’s capital, together with capital raised by o15 for related co-investment vehicles, totals nearly $400 million. The Fund received strong backing from

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that an Ares Credit fund served as the administrative and collateral agent on a financing package to support the recapitalization of Global Healthcare Exchange, LLC (“GHX”). Founded in 2000, GHX is the leading provider of mission critical supply chain software automation solutions in the healthcare industry, facilitating accurate and timely connectivity between suppliers, providers, and distributors. GH

NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced financial results for the fourth quarter and full year ended December 31, 2024. 4Q24 select financial and operational highlights* Total revenues of $202.4 million, including an increase of approximately $1.0 million from the impact of foreign currency fluctuations. 15% growth in emerging markets and Eurobonds commission revenue,

DENVER--(BUSINESS WIRE)--Alisa Maute joins Mercer Advisors as head of client development to lead and scale its high-performing client development teams.

NEW YORK--(BUSINESS WIRE)--TRADEWEB REPORTS FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL RESULTS

RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial (NYSE: LNC) today reported financial results for the fourth quarter and full year ended December 31, 2024. Fourth quarter net income available to common stockholders was $1.7 billion, or $9.63 per diluted share. Fourth quarter adjusted operating income available to common stockholders was $332 million, or $1.91 per diluted share. The primary differences between net income and adjusted operating income resulted from the following factors: $1.2 bill

NEW YORK--(BUSINESS WIRE)--Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for the month of January 2025 of $54.6 trillion (tn)1. Average daily volume (ADV) for the month was $2.44tn, an increase of 20.3 percent (%) year-over-year (YoY). Excluding the impact of the ICD acquisition, which closed on August 1, 2024, total ADV for the month of January was up 6.4% YoY. In Janu

CHICAGO & LONDON--(BUSINESS WIRE)--Northern Trust today issued its Capital Market Assumptions 2025 Edition, forecasting moderate global equity performance, improving high yield bond returns and strength in private credit. The CMA also identifies three key trends likely to affect markets and the global economy over the next decade – AI-Enabled Productivity, Navigating the Energy Transition and Globalization: Bent, Not Broken – that provide the foundation for returns of stocks, bonds, real assets

PHILADELPHIA--(BUSINESS WIRE)-- #HRTech--Phenom Acquires EDGE, Strengthening Its AI-Powered Resource Planning Solutions for the Global Capability Center Market

ATLANTA--(BUSINESS WIRE)--NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that it has expanded its ATM network, under the Cashzone brand, into Italy, providing easy access to cash for both residents and tourists. Atleos is the world’s largest independent ATM operator. This marks the thirteenth country worldwide in which Atleos has an ATM network presence. Italy is a cash-depe

OMAHA, Neb. & LONDON--(BUSINESS WIRE)--ACI Worldwide (NASDAQ:ACIW), an original innovator in global payments technology, has announced the extension of its fintech partnership ecosystem through an alliance with Banfico, a leading fintech specializing in regulatory technology, global account verification and Open Banking solutions. ACI processes account-to-account payments for hundreds of PSPs in Europe and the UK with market-leading instant payments solutions. Through the partnership with Banfi

BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop, Inc. (NYSE: WD) today announced its international expansion with the addition of a London-based brokerage and capital markets advisory team led by Claudio V.R. Sgobba. For 87 years, Walker & Dunlop has focused exclusively on the U.S. commercial real estate market and established itself as one of the largest and most recognized advisors in the industry. This strategic expansion capitalizes on the company’s scale, client demand for its expe

IRVINE, Calif.--(BUSINESS WIRE)--Beach Cities Commercial Bank, www.beachcitiescb.com (OTCQB: BCCB) (the "Bank"), today announced financial results for the quarter ended December 31, 2024. The Bank was incorporated under the laws of the State of California on April 11, 2022. The Bank opened for business on June 12, 2023, after receiving all necessary regulatory approvals, and it began providing a full range of banking services from its branch locations in Irvine and Encinitas, California. The Ba

PLANTATION, Fla.--(BUSINESS WIRE)--Performant Healthcare, Inc. (Nasdaq: PHLT) (“Performant”), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today that it will participate in the BTIG at Snowbird: MedTech, Digital Health, Life Science & Diagnostic Tools Conference, on Wednesday, February 12th. Rohit Ramchandani, CFO, will participate in one-on-one investor meetings virtually on Wednesday, February 12th. If you are intereste

NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Red Cat Holdings, Inc. (NASDAQ: RCAT) resulting from allegations that Red Cat may have issued materially misleading business information to the investing public. So What: If you purchased Red Cat securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangeme

PLANO, Texas--(BUSINESS WIRE)--Zips Car Wash, LLC (together with its affiliates, collectively “ZIPS” or the “Company”), one of the largest privately held car wash operators nationwide, announced that it has agreed to the terms of a restructuring plan (the “Plan”) with a group of its existing lenders that will strengthen its balance sheet and position the Company for stability and long-term growth. Through the Plan, ZIPS expects to reduce its debt obligations by approximately $279 million and se