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Black sees Apollo doubling assets to $600 billion in five years

Leon Black, co-founder of Apollo Global Management Inc., said the firm is on course to almost double its assets under management to $600 billion in five years. The target “does not represent the end... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 8th, 2019

In an industry disrupted by technology, this banking CEO still sees service as king

Malcolm Holland is Chairman, CEO and President of Dallas-based Veritex Community Bank. Veritex has acquired seven banks in 10 years, with its most recent merger with Green Bank more than doubling its size in employees, assets and branch locations......»»

Category: topSource: bizjournalsSep 25th, 2019

Popularity rises among Boston"s few donor-advised funds

In 2016, the most recent year for which data is available, U.S. donor-advised funds reached $85 billion in assets under management, nearly doubling the total from just four years earlier......»»

Category: topSource: bizjournalsSep 6th, 2018

How Portland business owners benefit from community bank services (podcast)

Community banks offer traditional banking services to their local communities. The banks typically have less than $1 billion in assets, although this size threshold has been debated in recent years, according to Steve Watts, senior vice president a.....»»

Category: topSource: bizjournalsOct 22nd, 2019

Bank of American plans to expand customer-loyalty program after initial success

Bank of America Corp.'s (NYSE: BAC) Preferred Rewards program is celebrating five years, logging 6 million members with $475 billion in assets since its inception. BofA's Preferred Rewards is a loyalty program for customers with at least $20,000 across .....»»

Category: topSource: bizjournalsSep 27th, 2019

StanChart eyes $100 billion private bank assets in growth push, to hire bankers

Standard Chartered is targeting growing its private banking assets by 50% to about $100 billion in three to five years and hire dozens of bankers in Hong Kong and Singapore toward that goal, a senior executive of the lender said......»»

Category: topSource: reutersAug 14th, 2019

Mid-year update as at June 30, 2019 - CDPQ posts an annualized return of 8.3% over five years and 6.1% over six months

In six months, CDPQ generated over $18 billion in net investment results, bringing its net assets to $326.7 billion MONTRÉAL, Aug. 5, 2019 /CNW Telbec/ - La Caisse de.....»»

Category: earningsSource: benzingaAug 5th, 2019

Hawaii State FCU sees uptick in loan balance and assets

Hawaii State Federal Credit Union reported an uptick in growth of 12.6% in loan balances and 7.5% in assets year-over-year. In the second quarter, the credit union hit a milestone by becoming Hawaii’s first billion-dollar credit union lender. .....»»

Category: topSource: bizjournalsAug 2nd, 2019

Exclusive: Deutsche Bank"s problem derivatives cloud recovery - sources

Deutsche Bank AG's turnaround strategy rests in large part on shedding 288 billion euros of unwanted assets. Three bank insiders said it will take years, tying up capital that could have generated income of 500 million euros ($557 million) a year......»»

Category: topSource: reutersJul 23rd, 2019

Hawaii State FCU becomes Hawaii’s first billion-dollar credit union lender

Over the last five years, Hawaii State FCU increased its loan portfolio — doubling from $509 million in June 2014 to more than $1 billion in June 2019......»»

Category: topSource: bizjournalsJul 8th, 2019

Blackstone to become corporation as assets top $500 billion

Blackstone Group LP’s shares soared the most in two years after announcing plans to convert to a corporation from a publicly traded partnership. Changing the company’s structure opens up the stock... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 21st, 2019

U.S. trade agency sees 76,000 new auto jobs from North American trade deal

The Trump administration on Thursday estimated that its new North American trade deal will create 76,000 automotive sector jobs within five years as automakers invest some $34 billion in new plants to comply with the pact's new regional content rules......»»

Category: topSource: reutersApr 18th, 2019

Bryn Mawr Bank Corporation Reports $1.3 Billion Linked Quarter Increase in Wealth Assets, Records $4.5 Million Pre-Tax Charge for Years of Service Incentive Program, Declares $0.25 Dividend

BRYN MAWR, Pa., April 18, 2019 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (NASDAQ:BMTC) (the "Corporation"), parent of The Bryn Mawr Trust Company (the "Bank") today reported net i.....»»

Category: earningsSource: benzingaApr 18th, 2019

Inside Terry Turner"s vision for a $3 billion foothold in Atlanta

Pinnacle Bank CEO Terry Turner sees the potential for building a $3 billion franchise in the city that's topped his hit list for years. And he doesn't have to buy a bank to do it. During Pinnacle's earnings call Tuesday, Turner repeated his desire.....»»

Category: topSource: bizjournalsApr 18th, 2019

CWT International defaults on $179 million loan, parent HNA sees no impact on business

CWT International Ltd, a unit of China's indebted HNA Group Co Ltd, said on Tuesday it defaulted on a HK$1.4 billion ($179 million) loan, and that it has less than 24 hours to pay funds due or lose assets pledged as collateral......»»

Category: topSource: reutersApr 17th, 2019

A Different Way To Play Nasdaq Stocks

The Invesco QQQ (NASDAQ: QQQ) recently turned 20 years old and today is home to $71.82 billion in assets under management, making it one of the largest U.S.-listed exchange traded funds. read more.....»»

Category: blogSource: benzingaMar 21st, 2019

Oaktree Capital says India a key market, another growth engine in 3-5 years

Oaktree, which has about $100 billion of assets under management, doesn't have an onshore presence in India.....»»

Category: topSource: business-standardApr 11th, 2018

NSEL money laundering probe: ED conducts fresh raids in 5 cities

The Enforcement Directorate (ED), over the years, has attached assets valued at over Rs 28 billion in this case.....»»

Category: topSource: business-standardMay 30th, 2018

Dallas bank says it will hit $7B in assets in less than two years

Veritex Bank CEO Malcolm Holland expects Veritex to hit $7 billion in assets within the next two years. Holland attributes that growth to hiring great people......»»

Category: topSource: bizjournalsJun 15th, 2018

Brazil"s Embraer sees demand for 10,550 smaller jets in next 20 years

Brazil's Embraer sees demand for 10,550 new aircraft with a capacity of up to 150 seats in the next 20 years, worth around $600 billion, the planemaker said on Sunday......»»

Category: topSource: reutersJul 15th, 2018

BP pays $10.5 billion for BHP shale assets to beef up U.S. business

BP Plc has agreed to buy U.S. shale oil and gas assets from global miner BHP Billiton for $10.5 billion, expanding the British oil major's footprint in oil-rich onshore basins in its biggest deal in nearly 20 years......»»

Category: topSource: reutersJul 26th, 2018