Tag Archives: financial services

In Less Than a Year, AiK2 Insurance Services Surpassed $40 Billion in Covered Assets Under Management | national company

MONTCLAIR, NJ–(BUSINESS WIRE)–March 15, 2022– Less than a year after launching its platform to make it easier for wealth/asset managers to purchase commercial insurance and protect their businesses, AiK2 Insurance Services (AiK2) now has a list of 80 clients and a total of insured assets of more than $40 billion. …

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Google Takes Advantage of ‘Predatory’ Lending Ads Promising Instant Money | google

Google profits from ads promoting ‘instant’ money and loans delivered ‘faster than pizza’ despite pledging to protect users from ‘deceptive and harmful’ financial products. The adverts were shown to people in the UK who searched for terms such as “quick money now” and “need financial help” and directed users to …

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Steward Partners Global Advisory welcomes Ramapo Wealth Advisors, a $600 million New Jersey-based team

WASHINGTON, March 8, 2022 /PRNewswire/ — Steward Partners Global Advisory, LLC, an independent, full-service, employee-owned partnership associated with Raymond James Financial Services, Inc. (Member FINRA/SIPC), welcomes its new partner firm, Ramapo Wealth Advisors, based at Ramsey, New Jersey. The five-person team, formerly at Wells Fargo and managing $600 million in …

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Why You (and I) Should Appoint a “Trusted Contact”

March 04, 2022, 2:30 p.m.Updated 1 hour ago By: NerdWallet For the past few years, financial services companies have asked me to appoint a “trusted contact”. Banks, brokers and insurers increasingly want to have someone to call or email in case they notice suspicious activity and cannot reach the account …

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Sri Lankan American investor Palihapitiya faces legal action against insurance company he made public, judge rules

Sri Lankan American businessman and investor Chamath Palihapitiya and executives of Clover Health Investments, which he went public with last year, face a lawsuit that claims he misled investors. U.S. District Judge Aleta Trauger in Nashville declined to dismiss the case on March 1, “allowing investors to pursue allegations that …

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These 3 Housing Markets at Highest Risk of COVID-Related Downturn, Says ATTOM Report

Some housing markets are at higher risk of a downturn than others in the United States, as homeowners owe more on their homes than they are worth, and incomes are used to pay a higher percentage of housing costs. (iStock) Three states have housing markets at highest risk of downturn …

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NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES THE APPOINTMENT OF MARSHALL LUX TO ITS BOARD OF DIRECTORS

HICKSVILLE, NY, February 28, 2022 /PRNewswire/ — New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company” or “NYCB”) today announced the appointment of Marshall Lux – a prominent and highly regarded professional in the financial services industry – to the Boards of Directors of the Company and its principal banking …

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District Court Upholds OCC and FDIC Rules on ‘Performance Date Validity’ | Skadden, Arps, Slate, Meagher & Flom LLP

On February 8, 2022, a federal district court in California issued two opinions, granting summary judgment to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) and dismissing challenges from eight states (plaintiffs ) that the agencies’ “good when made” rules facilitated predatory …

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Unemployment financial services money trumpet provides assistance to people with bad credit

/EIN News/ — London, Feb. 15 2022 (GLOBE NEWSWIRE) — London, England – Financial services company Money Trumpet has published an article which details some of the ways people with bad credit in the UK can become eligible for financial assistance to cover unavoidable emergency expenses. The blog post states …

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Josh Gottheimer unveils stablecoin bill

Rep. Josh Gottheimer, Co-Chair, Problem Solvers Caucus (D-NJ). Adam Jeffrey | CNBC New Jersey Rep. Josh Gottheimer on Tuesday unveiled a first bill to place definitions around stablecoins, which critics say are susceptible to manipulation, bad actors and collapsing due to insufficient reserve capital. A draft discussion released Monday by …

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Myths and the 2022 movement

Every day, some advisers choose to put on a new jersey or take the leap to independence. And in an industry that has exploded with options over the past few years, it’s no surprise the movement continues to break records. Yet despite all the activity, advisors who are on the …

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Cannabis banking legislation passes the House. Booker and other defenders have fairness concerns.

EDITOR’S NOTE: NJ Cannabis Insider, NJ.comThe B2B Cannabis Industry Business Journal and Vertical Events, is hosting a business meeting on February 17 in Jersey City. Tickets are limited. Legislation allowing banks to offer credit cards, checking accounts and other financial services to legal cannabis businesses passed the US House on …

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Hartford unit defeats virus lawsuit from NJ law firm

By Hope Patti (February 4, 2022, 7:32 PM EST) – A New Jersey state court filed a law firm’s lawsuit against a Hartford unit for coverage of pandemic-related losses , saying the Garden State company did not suffer any direct physical loss or damage that would trigger coverage. Judge Robert …

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HORTON DR INC /DE/ MANAGEMENT REPORT OF FINANCIAL POSITION AND RESULTS OF OPERATIONS (Form 10-Q)

The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and related notes included in this quarterly report and with our annual report on Form 10-K for the fiscal year ended September 30, 2021. Some of the …

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Insurers could get lower rates on liquidity with bills in five states

Many players in the insurance industry may consider the Federal Home Loan Bank as an agency that facilitates affordable home mortgages. The system, founded at the end of the Herbert Hoover administration to support community investment, is that. But it also lends to member insurance companies that may need help …

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Missouri Small Business Loans | Navigation

More than half a million small businesses call Missouri home and in turn employ some 1.2 million Missourians according to the SBA Advocacy Office. Small business loans are essential for many new and existing businesses, as well as those struggling to survive the challenges posed by the coronavirus pandemic. If …

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Housing rebound examined at HGAR event

New York’s resilience and the rebound of the real estate market in the city as well as throughout the Hudson Valley came under scrutiny in a webinar produced by the Hudson Gateway Association of Realtors (HGAR) in the series “Getting the Deal Done”. HGAR CEO Richard Haggerty said: “We ended …

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nCino Completes Acquisition of Mortgage Software Provider

SimpleNexus, a provider of homeownership software, is officially part of nCino. The Wilmington-based financial institution software company announced Monday that its acquisition of SimpleNexus is complete. The transaction, announced in November, was valued at $ 1.2 billion and consisted of approximately 12.75 million nCino common shares and approximately $ 270 …

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Bank Reconciliation Software Market Size, Scope, Forecast to 2029

New Jersey, United States, – The latest report published by Verified Market Reports shows that the Bank Reconciliation Software Market should experience a sustained pace in the years to come. Analysts looked at market drivers, restrictions, risks and openings in the global market. The Bank Reconciliation Software report shows the …

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OceanFirst Financial Corp. (NASDAQ: OCFC) In view of the consensus recommendation of “buy” by analysts

Shares of OceanFirst Financial Corp. (NASDAQ: OCFC) have received a consensus recommendation to “Buy” by the eight rating companies that cover the stock, Marketbeat reports. One analyst rated the stock with a hold recommendation, five gave a buy recommendation, and one issued a strong buy recommendation on the company. The …

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Here’s how bankers can confidently work with the cannabis industry

Opinions expressed by Contractor the contributors are theirs. The challenges of high-risk banking businesses are not new to financial institutions. But the hurdles of banking the cannabis industry, which is still federally illegal, add a whole new element of challenges. Getting an open banking relationship for cannabis companies isn’t easy. …

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93% of payday loan borrowers regret taking out their loans, survey finds

Payday loans can be a debt trap for borrowers who cannot afford to make payments. Here’s how you can pay off your payday loan balance before it goes to debt collectors. (iStock) Payday lenders prey on borrowers with bad credit who are in desperate need of cash, trapping them in …

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Zacks: Brokerage firms expect Provident Financial Services, Inc. (NYSE: PFS) to post earnings per share of $ 0.47

Wall Street brokerages expect Provident Financial Services, Inc. (NYSE: PFS) to report earnings of $ 0.47 per share for the current quarter, Zacks investment research reports. Three analysts estimated Provident Financial Services earnings, with the lowest EPS estimate being $ 0.45 and the highest estimate being $ 0.51. Provident Financial …

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M&T Bank Corporation – Consensus indicates potential rise of 7.5%

M&T banking company found using ticker (MTB) now have 17 total analysts covering the stock. The consensus rating is “Buy”. The range between the high target price and the low target price is between 201 and 158.65, with the average target price being 173.92. Given that the previous close of …

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RBC Capital Sticks to its Buy Rating for Provident Financial Services by Investing.com

RBC Capital analyst Steven Duong maintained a buy rating on Provident Financial Services (NYSE 🙂 on Tuesday, setting a price target of $ 27, or about 8.13% above the current price of the ‘share of $ 24.97. Duong expects Provident Financial Services to post earnings per share (EPS) of $ …

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Ion Bank and Lincoln 1st Bank announce merger agreement

Receive instant alerts for news on your actions. Claim your 1-week free trial for Street Insider Premium here. Ion Bank to expand its footprint in New Jersey NAUGATUCK, CT and PINE BROOK, NJ / ACCESSWIRE / November 23, 2021 / Ion Financial, MHC, Connecticut-based, parent company of Ion Bank, and …

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Valley National Bancorp – Consensus Says Potential 6.7% Hike

National Bank of the Valley with ticker code (VLY) now have 9 analysts covering the stock. Analyst consensus indicates a “Buy” rating. The target price varies between 17 and 14 by calculating the average target price that we see 15.39. Given that the shares’ previous close was at 14.43, this …

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Liberty Union Mortgage Team Helps Homebuyers Bid Over Other Deals As Post-Pandemic Real Estate Market Continues To Soar

Jason Solowsky, Branch Manager Jason Solowsky, Branch Manager for the Liberty Union Team Jason Solowsky, Branch Manager for the Liberty Union Team NORTH ARLINGTON, NJ, Nov. 20, 2021 (GLOBE NEWSWIRE) – The United States is temporarily emerging from the worst of the coronavirus pandemic, and the real estate market has …

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LendingClub Endorses Small Business Truth in US House and Senate Loan Bill

SAN FRANCISCO, November 18, 2021 / PRNewswire / – LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, the leading digital marketplace bank in the United States, approved a bill introduced today in United States House and Senate that would extend the transparency standards of the federal Lending Truth …

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Business Owned Life Insurance Market Size by Major Companies, Trends by Types and Applications, Forecast to 2028 | Allianz, AXA, Nippon Life Insurance, American Intl. Group

New Jersey, United States, – This business life insurance market report study describes a productive and motivated industry as well as a market prognosis. Industry players would be able to make smart decisions based on the results of the study. Overall, research is a useful tool in establishing a competitive …

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Finastra partners with Hexaware to speed up digital payments for certain European banks

LONDON, November 10, 2021 / PRNewswire / – Finastra today announced its partnership with Hexaware Technologies (Hexaware) to provide managed services for Finastra payment solutions deployed in the cloud. This decision helps Hexaware customers to Germany, Belgium, the United Kingdom and Ireland take ownership of their payment infrastructure. The partnership …

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Cross River Acquires Small Business Software Provider Betterfin

November 2, 2021 Cross River Bank, the Fort Lee-based technology-driven financial services organization, announced the acquisition of Betterfin, a financial platform that provides small business owners with access to a wide range of products and services. financial solutions, capital market data and manage their own loans. and cash flow processes. …

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Advisor Group Successfully Recruits Seven Financial Advisors With Assets Totaling $ 412 Million In Mountain West, Western US

Advisors join Via Advisor Group Royal Alliance subsidiary and Super-OSJ Pacific Capital Resource Group in Bellevue, Washington Posted: October 14, 2021 at 6:00 a.m. EDT|Update: 29 minutes ago PHOENIX, October 14, 2021 / PRNewswire / – Advisor Group, the largest national network of independent wealth management firms, today announced the …

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Caldwell Fills Technology Positions for Concentra Bank

October 13, 2021 – Drew Railton and Adam Cotterall of Caldwell recently hired Dave Baldarelli as Chief Digital Officer and Wendy Murphy as Chief Technology and Operations Officer at Concentra Bank. Mr. Baldarelli is a motivational leader with a demonstrated ability to guide an organization through innovation and in-depth business …

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Insurers have easy access to critical court information

JERSEY CITY, NJ, October 07, 2021 (GLOBE NEWSWIRE) – Court rulings can have a profound impact on insurance companies, affecting everything from the types of exposures insurance companies are willing to insure to strategies reserve allocation and claims management. The verdicts associated with these court decisions can vary widely depending …

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Prudential Financial Aligns Individual and Institutional Retirement Capabilities to Form New Business Prudential Retirement Strategies | Your money

NEWARK, NJ – (BUSINESS WIRE) – October 4, 2021– Prudential Financial, Inc. (NYSE: PRU) today announced the creation of Prudential Retirement Strategies, a new US company that will meet the retirement needs of individual and institutional clients. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211004005604/en/ Yanela Frias, …

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New York Community Bancorp, Inc. Joins MDI Innovation Committee to Help Modernize Technology in Minority Depository Institutions

HICKSVILLE, NY, September 30, 2021 / PRNewswire / – New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company”) today announced that it has joined the new Minority Depository Institutions Innovation Committee (the “Committee”) . The committee will serve as a vital avenue for modernizing the technological capabilities of minority depositories, …

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ConnectOne Bancorp (NASDAQ: CNOB) demoted by Zacks Investment Research to “Hold”

ConnectOne Bancorp (NASDAQ: CNOB) has been downgraded from Zacks investment research from a “buy” note to a “keep” note in a research note published on Tuesday, Zacks.com reports. According to Zacks, “ConnectOne Bancorp, Inc. is a full-service, community-based commercial bank holding company. The Bank offers a range of loan, deposit …

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Validea Motley Fool Strategy Daily Upgrade Report – 8/9/2021

THere are today’s updates for Validea’s small-cap growth investor model based on Motley Fool’s published strategy. This strategy seeks small cap growth stocks with strong fundamentals and strong price performance. ESQUIRE FINANCIAL HOLDINGS INC (ESQ) is a small capitalization security in the Regional Banks sector. The rating according to our …

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Reverse Mortgage Financing Lowers Age Requirements to 55+ for Its Proprietary Reverse Mortgage Product, Equity Elite (R)

Gen Xers can now qualify for reverse mortgages with this lower minimum age requirement BLOOMFIELD, NJ / ACCESSWIRE / September 1, 2021 / Reverse mortgage financing, LLC (RMF), one of the nation’s leading reverse mortgage lenders, today announced a significant enhancement to its proprietary reverse mortgage product, Equity Elite®. The …

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Things are falling apart – POLITICO

Editor’s Note: Morning Money is a free version of the POLITICO Pro Financial Services morning newsletter, which is sent to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the biggest of the day. …

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Columbia Financial, Inc. to acquire Freehold Bank

FAIR LAWN, NJ and FREEHOLD, NJ, June 17, 2021 (GLOBE NEWSWIRE) – Columbia Bank, MHC, Columbia Financial, Inc. (NASDAQ: CLBK) and Columbia Bank (collectively, “Columbia”), and Freehold MHC, Freehold Bancorp and Freehold Bank (collectively, “Freehold”) announced today that they have entered into a definitive merger agreement. Pursuant to the merger …

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In-N-Out doubles in Zurich pandemic blanket beef

Through Archive Send an email to Eli Flesch “href =” https://www.law360.com/california/articles/1391639/# “> Eli Flesch Law360 provides free access to its coronavirus coverage to ensure that all members of the legal community have accurate information in this time of uncertainty and change. Use the form below to subscribe to one of …

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SL Green Realty: what you need to know

Although SL Green rents premises to tenants in many industries, it has a strong concentration in the financial services industry. This is a potential concern. If this sector needs less office space in the future, this could have a significant impact on the occupancy level and rental rates of SL …

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D&O market sees increased capacity

The management responsibility market faces significant challenges from the COVID-19 pandemic, but will benefit from increased market entry capacity, a brokerage executive said. Even before the pandemic, the industry faced several challenges, including an increase in class actions and early hikes in premiums and retainers, said Christine Williams, CEO of …

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Big data against credit gap

There is a trap at the heart of America’s financial system: To get credit, you must already have established a credit history. Millions of Americans never find a way around the contradiction and, as a result, are excluded from things like credit cards or student loans that the rest of …

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