Category: United States Finance

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CashNews.co Red Lobster emerged from Chapter 11 bankruptcy with more than 540 locations. After recently emerging from bankruptcy with new ownership, Red Lobster is adding to its C-suite with two appointments. The seafood chain, now under the ownership of RL Investor Holdings LLC, has appointed Bob Baker as its chief financial officer and Nichole Robillard as chief […]

CashNews.co The semiconductor sector, which was riding high on the expansion of artificial intelligence (AI) applications, faltered on the fading AI craze and tech sell-off in August and weak demand from China. However, the new monetary easing era led to a rally in semiconductor stocks over the past month.  VanEck Vectors Semiconductor ETF SMH, iShares […]

CashNews.co HSBC’s new boss has announced a major overhaul of the bank’s structure, splitting geographically into eastern and western markets amid increasing geopolitical tensions and a need to cut costs. The bank said that it was simplifying operations by splitting into four key units, which will see its commercial and institutional banking divisions merged. The […]

CashNews.co US stocks recovered from session lows but finished the day mixed as investors digested a recent bond market sell-off and the next wave of earnings reports. The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) closed just below the flatline, while the tech-heavy Nasdaq Composite (^IXIC) ticked up around 0.2%. It was the […]

CashNews.co A recent survey by EY of more than 1,800 global CFOs and treasurers of corporate and commercial clients was unveiled at Sibos, revealing chances for banks to provide value-added services. Treasuries’ top challenge is securing financial investments focused on environmental, social and governance (ESG) concerns. Matt Cox, EY Global Commercial and Commercial Banking Leader, […]

CashNews.co As the motor finance sector grapples with changing regulations, declining EV sales, and shifting consumer expectations, Andrew Williams, Senior Director for EMEA at FICO, highlights five key trends – from connected car data and feature subscriptions to the rising demand for hyper-personalisation – that are set to define the industry’s future. The automotive industry […]

CashNews.co Improved terms expand access to capital and liquidity for underserved communities SAN FRANCISCO, Oct. 22, 2024 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) released enhancements to its credit and collateral risk policy that will enable greater lending by non-depository Community Development Financial Institutions (CDFIs) and state-charted Housing […]

CashNews.co Maceo N. Davis, 76, of Chadds Ford, former manager of international business development for the Philadelphia Commerce Department and founder and former president of Quoin Capital LLC, died Saturday, Oct. 5, of cardiac arrest at Thomas Jefferson University Hospital. Mr. Davis was an expert in public finance and global commercial collaboration, and he brokered […]