Banking News

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Chief Financial Officer, John Woods, will present at the Morgan Stanley U.S. Financials Conference in New York, NY on Wednesday, June 10, 2026 at approximately 1:45 pm ET. An audio webcast of the event will be accessible on the home page of State Street’s Investor Relations website, https://investors.statestreet.com/. A recorded replay will be available on the Investor Relations website later that day, for ap...

BOSTON--(BUSINESS WIRE)--MFS Announces Final Closed-End Fund Distributions and Timing of Reorganization for Certain Funds...

NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (NYSE: KKR) announced today that Raj Agrawal, Partner and Global Head of Real Assets, will present at the Morgan Stanley US Financials Conference on Wednesday, June 10, 2026 at 8:15 AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR’s website at https://ir.kkr.com/events-presentations/. For those unable to listen to the live webcast, a replay will be available on the website shortly after the event. Any...

HOUSTON--(BUSINESS WIRE)--PACIFIC COAST OIL TRUST (OTC–ROYTL) (the “Trust”), a royalty trust formed by Pacific Coast Energy Company LP (“PCEC”), announced today that there will be no cash distribution to the holders of its units of beneficial interest of record on May 27, 2026 based on the Trust’s calculation of net profits generated during March 2026 (the “Current Month”) as provided in the conveyance of net profits interests and overriding royalty interest (the “Conveyance”). As further descr...

DALLAS--(BUSINESS WIRE)--TFIN announces quarterly cash dividend on preferred shares....

GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ: TIPT) (the “Company” or “Tiptree”) and Warburg Pincus LLC (“Warburg Pincus”) today announced the successful closing of the previously disclosed sale of The Fortegra Group, Inc. (“Fortegra”), a leading specialty insurer, to DB Insurance Co., Ltd., Korea’s leading property and casualty insurer. “We are pleased to have successfully completed the sale of Fortegra, which represents the culmination of a multi-year strategy to build and scale a...

MINNEAPOLIS--(BUSINESS WIRE)--BIMIZCI Fund LLC, Warnke Investments LLC, ZimCal Asset Management, LLC and Stephen Hodges (collectively, "BIMIZCI" or "we"), long-standing holders of Medallion Financial Corp. (NASDAQ: MFIN) ("Medallion" or the "Company") trust preferred securities and currently the 4th largest institutional stockholder with 500,250 shares, announced today that both leading independent proxy advisory firms, Institutional Shareholder Services ("ISS") and Glass, Lewis & Co. ("Gla...

NEW YORK--(BUSINESS WIRE)--On May 13, 2026, Pagaya Technologies Ltd. (“Pagaya”), together with certain affiliates, filed a lawsuit against Klarna, Inc. (“Klarna”) and Klarna Group plc in the U.S. District Court for the District of Delaware. The lawsuit relates to alleged misappropriation of intellectual property and trade secrets under the Defend Trade Secrets Act of 2016. KBRA maintains ratings on two revolving ABS transactions backed by “buy now, pay later”, point-of-sale consumer loans that...

NEW YORK--(BUSINESS WIRE)--KBRA assigns ratings of BBB to TPG Twin Brook Capital Income Fund's ("TCAP" or "the company") $50 million, 6.67% senior unsecured notes due June 2029 and its $175 million, 7.03% senior unsecured notes due June 2031. The rating Outlook is Stable. Proceeds will be used for the repayment of secured debt. Key Credit Considerations The ratings and Outlook are supported by TCAP’s ties to TPG Angelo Gordon’s ~$100+ billion credit investment platform, with ~$30+ billion of di...

PALO ALTO, Calif.--(BUSINESS WIRE)--TabaPay, the leading money movement platform for innovators, and Evolve Bank & Trust, a leading open banking provider, have expanded a partnership with Coinstar to enhance its Transfer to Account service. Consumers using participating U.S. Coinstar® kiosks can now insert cash or coins and transfer funds directly to the account associated with any eligible debit card. This partnership aims to expand Transfer to Account functionality across more than 10,000...