Warren Buffett bought about $2.5 billion worth of Citigroup. If you’re looking for a low-risk approach to ‘buy the dip,’ this big banking bet is worth copying

Warren Buffett bought about $2.5 billion worth of Citigroup. If you’re looking for a low-risk approach to ‘buy the dip,’ this big banking bet is worth copying The Oracle of Omaha has had a busy quarter. According to his latest 13F filing, Warren Buffett has deployed roughly one-third of his cash into new investments during … Read more

Marijuana Banking Overhaul Removed from China Competition Bill

New You can now listen to Insurance Journal articles! Lawmakers have dropped language aimed at making banking services easier for state-authorized marijuana businesses from a bill on US innovation and China competitiveness. The broad House-passed legislation included the SAFE Banking Act, which would prohibit federal banking regulators from penalizing depository institutions for providing banking services … Read more

Apple Looks to Cars and Banking for Its Next Big Thing

Text size At its recent developer event, Apple showed plans to dramatically expand its CarPlay platform to include every screen in the driver cockpit. Courtesy of Apple Apple needs to think big these days. Really big. Aside from retailers Walmart and Amazon.com , Apple (ticker: AAPL) generates more revenue than any other American company. This … Read more

Wholesale leader on facing the “worst years for mortgage banking”

For Homepoint, this adjustment has happened well in advance. “Back in 2018, we felt like wholesale was going to win,” said Newman, who recalled how Homepoint backed up this intuition with significant research, allowing the company to be better equipped for the volatility of today’s market compared to large retail lenders. “We now have irrefutable … Read more

UK cloud banking fintech Thought Machine doubles valuation to $2.7bn

London-based fintech Thought Machine has doubled its valuation to $2.7bn as the cloud banking company pulls in institutional investors like Morgan Stanley and looks to expand its international presence. The $160mn funding round was led by Singaporean investor Temasek alongside Italian bank Intesa Sanpaolo and US bank Morgan Stanley. Existing investors including JPMorgan Chase, Lloyds … Read more

Klarna CEO on the Canadian expansion, open banking and taking on the financial services oligopoly

Breadcrumb Trail Links FP Finance Fintech Banking Swedish fintech leader chooses Toronto for tech hub to grow its ‘buy now, pay later’ model in North America Klarna AB is planning to establish a product development and tech hub in Toronto. Photo by Hollie Adams/Bloomberg Article content Swedish fintech leader Klarna Bank is planning to establish … Read more

Rakesh Jhunjhunwala: 2 of 3 Jhunjhunwala banking bets are out with Q4 nos. Worth a look?

NEW DELHI: and Federal Bank, two of the three bank stocks that ace investor Rakesh Jhunjhunwala holds in his portfolio, are out with a mixed set of quarterly results. reported a modest 13 per cent YoY rise in net profit at Rs 541 crore for the March quarter while Canara Bank’s Q4 profit grew a … Read more

confinale: HCL Technologies to buy digital banking company Confinale

New Delhi: HCL Technologies UK, a subsidiary of IT services company HCL Technologies, has signed a definitive pact for acquisition of Switzerland-based Confinale, a digital banking and wealth management consulting specialist. With this strategic acquisition, HCL will expand its footprint in the global wealth management market with emphasis on Avaloq consulting, implementation and management capabilities, … Read more

investment strategy: Private bank ETFs: A smart way to play the banking sector

The banking sector has long been the thread that has woven the economy together and enabled both widespread as well as inclusive growth. Their main function is to bridge financing gaps in the economy. Along with a host of other services, banks provide retail customers with an opportunity to keep their money safe in a … Read more