E*Trade Reports April Activity

NEW YORK — Discount brokerage E*TRADE Financial Corporation released its Monthly Activity Report for April 2017. Daily Average Revenue Trades (DARTs) for April were 196,022, a three percent decrease from March and a 23 percent increase from the year-ago period. Derivatives represented 31 percent of DARTs during the month. The Company added 38,904 gross new …

Read More

E*Trade Opens Flagship Branch in Midtown

NEW YORK — E*TRADE Financial Corporation has opened its flagship branch in Midtown Manhattan at 145 East 42nd Street between Lexington Avenue and 3rd Avenue. Offering immersive technology and an innovative layout, E*TRADE’s new branch aims to meet the complex needs of all types of investors—from the self-directed, to more active traders, to investors looking for …

Read More

Citizens Bank Hires Regional Executive for NYC

chapinbates

NEW YORK — Citizens Bank has hired Chapin Bates as regional executive and head of NYC Metro area. Bates joins Citizens following a 20-plus year career at JP Morgan Chase. “The NYC Metro region represents an area where we have an attractive opportunity to further grow our business,” said Donald McCree, vice chairman and head …

Read More

JPMorgan Chase Buying MCX Payments Technology

NEW YORK — JPMorgan Chase has agreed to acquire MCX’s payments technology to help expand Chase Pay, the mobile and digital wallet for Chase customers. MCX, a network of America’s largest merchants, was the premier launch partner for Chase Pay in October 2015. The transaction is expected to close in the coming weeks. MCX’s members …

Read More

Chase to Launch Self-Serve Mortgage Platform

NEW YORK — Chase Bank has announced plans to launch a digital, self-serve mortgage platform that offers a simpler, faster, and more transparent home financing experience for consumers, from home loan application to closing. The new technology, expected to launch later this year, will allow customers to track a loan application through closing entirely online …

Read More

Better Mortgage Secures $15 Million in Funding

NEW YORK — Better Mortgage, a technology-driven mortgage bank, has closed $15 million in Series B financing from Kleiner Perkins Caufield and Byers, Goldman Sachs, and Pine Brook. The new capital will support the launch and expansion of Better’s home purchase finance product on Better.com. Since launching in January 2016, Better has funded more than …

Read More

Citi Launches In-App Credit Card Scanning

NEW YORK — Citi credit cardmembers in the U.S. can now scan their cards using their mobile device’s camera when activating in the Citi Mobile App. Once scanned, the card account number will appear automatically within the registration, which serves to streamline the process. Citi says it is the only major U.S. credit card issuer …

Read More

Citibank Nearly Doubles Free ATM Network

NEW YORK — Citibank has forged a new agreement with Cardtronics, the world’s largest ATM owner / operator which will make available over 30,000 additional surcharge-free ATM locations for Citibank customers in major metropolitan markets across the United States, including New York, Chicago, Los Angeles, Miami, San Francisco and Washington D.C. The ATMs are part …

Read More

JPMorgan Chase Reports 4th Quarter Earnings

NEW YORK — JPMorgan Chase, the nation’s largest bank, reported revenues of $23.4 billion in the fourth quarter, up 2% from last year, and net income of $6.7 billion. The corporate and investment banking division of the company generated $8.4 billion in revenues, an increase of 20% from a year ago. The company has assets …

Read More

Chase Offers New Card With 5% Off Amazon Purchases

Amazon_Prime_Visa_Card

Amazon.com, the Internet’s leading retailer, and Chase have introduced the new Amazon Prime Rewards Visa Signature Card, the only card that offers 5% Back on all Amazon.com purchases and rewards everywhere else you shop, including 2% Back at restaurants, gas stations and drugstores, and 1% Back on every other purchase, available exclusively for eligible Prime …

Read More

M&T Bank Building Branch in the Bronx

NEW YORK — M&T Bank (NYSE: MTB) has begun construction on a 1,500-square-foot branch at 2460 Grand Concourse in the Bronx, with the goal of opening by the spring of 2017. This will be the bank’s first Bronx branch, and will now give M&T branch coverage in all five boroughs. “We’re thrilled to add a …

Read More

Citi Inks Credit Card Deal With Toro Company

Citi Retail Services has inked a long-term agreement with The Toro Company for a private label credit card program in the United States. Under the new agreement, Citi will offer and service Toro and Exmark OEM-branded cards available throughout Toro’s broad dealer network. “This new partnership with The Toro Company is a great opportunity for …

Read More

Fortress Investment Buys Italian Loan Portfolio

NEW YORK — Hedge fund giant Fortress Investment Group has agreed to acquire a significant portion of a €17.7 billion portfolio of non-performing Italian loans from Italian bank UniCredit. At closing, the UniCredit transaction will represent the largest ever non-performing loan (“NPL”) transaction in Europe. Fortress began investing in Italian loans and loan servicing in …

Read More