Nyca Partners Closes $125 Million Venture Fund

NEW YORK — Nyca Partners, which was launched in 2014 by Hans Morris, a long-time Citigroup banker and former President of Visa, has closed its latest venture capital fund with more than $125 million in funding commitments. Nyca closed its $30 million first fund in July 2014. Over the past 30 months, Morris along with Ravi Mohan, David Sica, and Jeff Reitman, …

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OnDeck Obtains $200 Million Line From Credit Suisse

NEW YORK — OnDeck (NYSE: ONDK), a NY-based online lender for small business, has closed a $200 million asset-backed revolving debt facility with Credit Suisse. In addition to its other funding sources, OnDeck may now obtain funding under the new credit facility with Credit Suisse, by accessing $125 million of committed capacity and an additional $75 million of capacity available …

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Merrill Lynch Partners With Modo Payments

NEW YORK — Bank of America Merrill Lynch, a global leader in transaction services, and ModoPayments, LLC (Modo), a company that lets users make digital payments, have announced a strategic relationship that will give the bank access to Modo’s patented COIN Operated Digital Payments Hub. Through the hub, Bank of America Merrill Lynch clients will …

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American Express Reports $1.1 Billion Profit

American Express reported its third-quarter earnings and reported net income of $1.1 billion, down 10% from a year ago. Total net revenues were $7.8 billion for the quarter, down 5% from last year. “Strong operating discipline and credit quality helped to keep us ahead of the 2016 financial outlook that we first provided at the …

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Alan Greenspan Joins Advisors Capital

RIDGEWOOD, NJ  — Advisors Capital Management, LLC (ACM), a NJ investment manager, announced that Dr. Alan Greenspan has joined ACM as Economic Advisor. The former Federal Reserve Chairman will work closely with senior members of the firm and participate in the firm’s investment committee by providing economic analysis to support the firm’s top-down approach to selecting sectors in …

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Behalf Secures $27 Million

NEW YORK — Behalf, a commercial payment platform specializing in providing small businesses instant point of sale terms at vendors of their choice, has raised an additional $27 million in Series C financing. New investor Viola Growth led the round and was joined by previous investors Sequoia Capital, Spark Capital, MissionOG, and Vintage. The funding will help …

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Samuel Ramirez Reports Record Bond Volume

NEW YORK — Samuel A. Ramirez & Co., a full service securities firm and bond market leader, continues to widen its footprint with over $22 billion in sell-side fixed income trades as of July 31, 2016, already surpassing its 2015 year-end totals. The growth is just one result of the Firm’s strategic institutional team expansion …

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E-Trade Buys OptionHouse for $725 Million

NEW YORK — E-TRADE Financial Corporation is looking to buy Aperture New Holdings, Inc., the  parent company of OptionsHouse, for $725 million in cash. The transaction will boost E*TRADE’s derivatives capabilities while expanding its customer profile with the addition of OptionsHouse’s highly active, derivative-centric traders. OptionsHouse, which merged with tradeMONSTER in 2014, is an indirect …

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