Investment

MasterCard partners with IDB to promote financial inclusion in Latin America, Caribbean

MasterCard recently partnered with the Inter-American Development Bank to promote economic inclusion and transparency through the expansion of electronic payments in the Caribbean and Latin America. The five-year partnership aims to promote the transition to e-payment services in the region, thereby helping to cut transaction costs and boost... Read More...

Foreign holdings of U.S. Treasuries rises despite government shutdown

Data released by the U.S. Treasury on Monday showed foreign holdings of U.S. Treasuries rose to $5.65 trillion in October, despite budget disagreements that led to a 16-day government shutdown. Total foreign holdings of U.S. Treasuries rose by $600 million, or 0.01 percent, in October, following a one percent increase in September. Foreign... Read More...

Fidelity Labs develops game to teach investment basics

Earlier this month, Fidelity Labs released a pilot version of its investing game “Beat the Benchmark,” which combines gaming and asset allocation techniques to teach the basics of investing. Co-developed using input from consumers, the game challenges investors to allocate assets in ways that will outperform a randomly set benchmark, and as... Read More...

Foreign investors flee from short-term U.S. assets in favor of long-term assets

Recent data from the U.S. Treasury showed foreign investors fled from short-term U.S. securities in September—ahead of the looming debt ceiling—in favor of long-term U.S. securities, the net purchases of which totaled $25.5 billion. Foreign investors sold a net $106.8 billion of U.S. assets, marking the largest decrease since February 2009.... Read More...

BCP calls on lawmakers to expand funding for infrastructure

The Bipartisan Policy Coalition called on Congress to expand federal financing to programs that leverage private and public capital for investment in infrastructure, citing a decline in funding designated for maintaining public roads, utilities and other resources. BPC President Jason Grumet touted legislation crafted by Sens. Roy Blunt (R-Mo.)... Read More...

U.S. CoC coucil to lead delegation to Egypt to identify business opportunities

The U.S. Chamber of Commerce’s U.S.-Egypt Business Council announced on Monday that it would lead a delegation of American businesses to the Egyptian capitol of Cairo in January to identify business opportunities in the country. The delegation will also identify obstacles to enhanced engagement and demonstrate support for economic cooperation... Read More...

ACI Worldwide completes acquisition of Official Payments Holdings

ACI Worldwide announced on Tuesday that it has completed the acquisition of Official Payments Holdings in an all-cash transaction for $8.35 per share. Official provides bill payment solutions for local, state and federal governments, as well as higher education institutions and charitable organizations. It has more than 3,000 customers and... Read More...

Morgan Stanley establishes Institute for Sustainable Investing

Morgan Stanley announced last week the establishment of the Morgan Stanley Institute for Sustainable Investing, which will operate on the principle that sustainable investment can be scaled only by attracting diverse private sector capital. The institute will focus on three areas: financial products and solutions that help clients invest in... Read More...

Report: U.S. largest recipient of foreign direct investment since 2006

A recent report from the U.S. Department of Commerce and President Obama’s Council of Economic Advisers showed that the country has been the largest recipient of foreign direct investment since 2006. Last year, net U.S. assets of foreign affiliates totaled $3.9 trillion. Since 2006, the U.S. has ranked as one of the top recipients of FDI,... Read More...

Fidelity Institutional launches new platform for alternative investments

Fidelity Institutional, a division of Fidelity Investments, announced on Monday the launch of a new platform designed to streamline access to alternative investments. The platform will provide education, research and third-party due diligence, as well as a access to a range of alternative investment products, including hedge funds, private... Read More...

Fidelity launches 10 new passive sector ETFs

Fidelity Investments announced last Thursday that it has expanded its investing platform for investors and financial advisers to include the company’s first suite of passive sector exchange traded funds. The company said the 10 new passive sector ETFs will be the lowest-cost passively managed ETFs in the industry, with expense ratios totaling... Read More...

ING Group to divest 30 million shares of ING U.S.

ING Group said on Monday that it plans to sell approximately 30 million shares—over $900 million of stock—in ING U.S., which represents an 11.5 percent stake in its U.S.-based retirement, investment and insurance arm. The sale, the proceeds of which will go towards reducing the group’s core debt, would cut ING Group’s stake in ING U.S.... Read More...

JetPay receives $10 million investment from Chicago-based Flexpoint Ford

JetPay Corp. announced last week the close of a $10 million investment from a Flexpoint Ford affiliate as part of a previously announced agreement with Flexpoint, in which the company agreed to invest up to $40 million in JetPay. The initial investment was used to retire approximately $6 million in short-term notes and towards general corporate... Read More...

Morgan Stanley Investment Management creates new share class for U.S. mutual funds

Morgan Stanley Investment Management recently established a new institutional share class designed to boost transparency and reduce fees for contribution plans—particularly retirement plans with over $250 million in assets—and other institutional platforms. The Class IS shares, through which 18 Morgan Stanley funds are available, have no... Read More...

BNY Mellon launches Collateral Universe management solution

BNY Mellon announced last week the launch of Collateral Universe, the investment services firm’s second-generation suite of collateral management solutions designed to help clients control the impact of regulatory change on their investments. “For market participants, the current and future regulatory reforms pertaining to derivatives and... Read More...

Fidelity launches service to help employers, employees with retirement

Fidelity Investments announced on Monday the launch of Retirement Transition Services, a new offering designed to help employers and employees navigate health and wealth decisions before retirement. “Employers tell us they want to help pre-retirees understand how to both convert their savings into lasting income and secure quality health... Read More...

SSBCI report: Small businesses received $1.9 billion in loans, investments

The U.S. Treasury’s State Small Business Credit Initiative released its annual report last week, which showed that the program has provided $1.9 billion in loans and investments to more than 4,600 small businesses across the country. The report summarizes annual reports from 47 states, five territories, the District of Columbia and... Read More...

MasterCard, Dubai Business Women Council partner up to encourage female entrepreneurship in UAE

MasterCard and the Dubai Business Women Council, part of the Dubai Chamber of Commerce and Industry, announced a partnership on Wednesday to encourage female entrepreneurship in the United Arab Emirates. The partnership will enable both MasterCard and DBWC to organize an annual event where female entrepreneur hopefuls can present business... Read More...

BGC Partners receives SEF registration approval from CFTC

Global brokerage firm BGC Partners announced on Friday that it received temporary registration approval from the CFTC to operate a swap execution facility, which the company expects to begin on Oct. 2. “Receiving CFTC approval to operate a SEF marks the next chapter for our company and our clients, and is a positive step forward for the... Read More...

Treasury to auction more CPP securities in TARP wind-down

The U.S. Treasury announced more CPP securities auctions on Wednesday in six institutions—part of its strategy to wind down Troubled Assets Relief Program assets. Centrue Financial Corp. in Ottowa, Ill., will handle 25,266 shares at $325 per share, with aggregate gross proceeds totaling $8.21 million. DeSoto County Bank in Mississippi is... Read More...

Fed to maintain bond-buying program for at least one month

The Federal Reserve said on Wednesday that it would maintain its bond-purchasing program for at least another month, citing an economy that has improved but has not sustained its progress. “The [Federal Open Market] Committee expects that, with appropriate policy accommodation, economic growth will pick up from its recent pace and the... Read More...

BNY Mellon partners with San Francisco 49ers as team’s official invesment firm

The San Francisco 49ers announced on Tuesday that investment services firm BNY Mellon will serve as the football team’s official investments firm and a founding partner of Levi’s Stadium under a 10-year agreement set to take effect next year. BNY Mellon will have exclusive branding rights for field-level East and West Legacy Clubs, which... Read More...

Wells Fargo announces $11.4 million UrbanLIFT community grant program

Wells Fargo announced on Monday a new $11.4 million UrbanLIFT community grant program designed to help accelerate economic recovery and neighborhood improvement projects across 25 U.S. cities. “We’re committed to advance community stabilization in cities significantly impacted by the housing downturn and improving the quality of life for... Read More...

Fidelity to cut fees for 529 college savings plans by 40 percent

Fidelity Investments said on Friday that it would reduce program management fees for its direct-sold 529 Index portfolios by 40 percent as part of an effort to help families save for college and develop saving strategies. “Parents are working hard to save for college, and Fidelity is committed to providing college savings plans that offer... Read More...

Alleged insider trader to pay $5.2 million to settle SEC charges

Badin Rungruangnavarat, the Bangkok-based trader who allegedly traded on inside information ahead of a public announcement related to the acquisition of Smithfield Foods by a Chinese company, agreed last week to pay $5.2 million to settle the charges. The SEC froze Badin’s assets in June after filing a complaint alleging that he made more... Read More...

MediSwipe, 800 Commerce announce proposed date for shareholder dividend distribution

MediSwipe, which provides technology solutions for the medicinal marijuana industry and 800 Commerce—an online directory and mobile marketing firm—announced on Monday that shares will be distributed to investors on Sept. 3. The 800 Commerce shares to be distributed to MediSwipe shareholders on a pro rata basis are fully registered and will... Read More...

BofA Merrill Lynch, U.S. Trust launch program to align investor values with investments

Bank of America’s investment businesses launched a new program last week to help clients align their investments with their environmental, social and governance values. "One of the most pronounced trends we’ve seen in recent years is the call for wealth to have a productive impact on our environment, our communities and our society broadly,... Read More...

JetPay receives up to $40 million investment from private equity firm Flexpoint Ford

JetPay signed an agreement last week to receive up to $40 million from Flexpoint Ford, a private equity firm that specializes in financial services and healthcare, through Flexpoint's purchase of Series A convertible preferred stock. “It is our plan to become the vendor of choice for businesses in need of the most advanced technologies in... Read More...

Home Properties announces extended credit line, $250 million term loan

Home Properties announced last week that its revolving credit line has been extended to $450 million and its $250 million term loan has been extended until August 18, 2018. "There was a very high level of interest in participating in the increased credit facility," Home Properties Executive Vice President and CFO David P. Gardner said. "We... Read More...

Bitcoin Ventures introduces CoinTap e-currency gift card

Bitcoin Ventures recently launched its CoinTap product, a gift card that allows cardholders to trade money for Bitcoin e-currency. A $50 gift card is redeemable for $50 in credit, which can then be used to purchase Bitcoins through the company’s website. "Buying Bitcoins [is] now as uncomplicated as buying a loaf of bread," Bitcoin... Read More...

Optimism among small business owners rises to highest post-recession level

Data from the Wells Fargo/Gallup Small Business Index showed that small business optimism has risen nine points since the second quarter to reach the highest level since the third quarter of 2008. Optimism about the current and future availability of credit contributed to the improvement. In the survey, 28 percent of small business owners... Read More...

U.S. Manufacturing Summit kicks off in Florida

The two-day U.S. Manufacturing Summit began in Florida on Thursday, bringing together 1,500 government and business leaders to discuss the importance of domestic manufacturing and how best to capitalize on the potential of American sourcing. Speakers at the event included U.S. Commerce Secretary Penny Pritzker, General Electric Chairman and CEO... Read More...

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