Reinsurers Freed From Battle Over Finance Co.'s $26M Award

Reinsurers Freed From Battle Over Finance Co.'s $26M Award

By Jeff Sistrunk Law360 (August 7, 2018, 11:27 PM EDT) — A District of Columbia federal judge on Monday dismissed Vantage Commodities Financial Services LLC’s claims that seven reinsurers must help cover a $26 million arbitration award that the finance company won against its insurer, but he allowed Vantage to proceed with negligence claims against […]

Linked Finance celebrates most successful quarter on record

Linked Finance celebrates most successful quarter on record

Niall Dorrian, CEO of Linked Finance. Image: Linked Finance Peer-to-peer lender Linked Finance has had a stellar second quarter. Irish peer-to-peer (P2P) lending platform Linked Finance has announced its quarterly earnings for Q2 2018 and it has been a remarkably strong period for the company. At this point in the year, total lending is in […]

BCL Finance Group Teams With Tunnel on Film Financing (EXCLUSIVE)

BCL Finance Group Teams With Tunnel on Film Financing (EXCLUSIVE)

New York-based BCL Finance Group, headed by entertainment industry financiers Adi Cohen, Michael Bassick, and Michael Laundon, has signed a film-financing/services deal with Tunnel of Los Angeles. BCL Finance Group completed a deal last year to finance post-production and co-produce the Vietnam drama “The Last Full Measure,” starring Jeremy Irvine, with writer-director Todd Robinson. BCL […]

Campaign finance reports: Out of state money dominates Senate race

Campaign finance reports: Out of state money dominates Senate race

David Beard, The Dominion Post  MORGANTOWN, W.Va. — From mid-April through June, the campaigns for West Virginia’s U.S. Senate seat were only marginally supported by West Virginians. For incumbent Democrat Joe Manchin, 95.4 percent of his individual contributions came from other states. For Republican challenger Patrick Morrisey, the state attorney general, 75.7 percent of his contributions came […]

County finance department honored

County finance department honored

ROSEBURG — Douglas County has received a top award in financial reporting. According to a press release from County Public Information Officer Tamara Osborne, the county received a Certificate of Achievement for Excellence in Financial Reporting by Government Finance Officers Association of the United States and Canada (GFOA) for their comprehensive annual financial report (CAFR) […]

New York Finance Watchdog 'Fiercely Opposes' Sandboxes for Fintech Firms

New York Finance Watchdog 'Fiercely Opposes' Sandboxes for Fintech Firms

The chief of New York’s financial regulatory body said Tuesday that the agency is “fiercely opposed” to the U.S. Treasury Department’s recent endorsement of regulatory “sandboxes” for fintech firms In a statement published on the the Department of Financial Services (DFS) website, Superintendent Maria T. Vullo said: “The idea that innovation will flourish only by […]

Apple co-founder Steve Wozniak reacts to $1 trillion milestone

Apple co-founder Steve Wozniak reacts to $1 trillion milestone

Apple Inc. (AAPL) became the first publicly-traded U.S. company with a $1 trillion market cap, as its stock ticked up over $207.05 on Thursday, 42 years after its founding in Steve Jobs’s garage in Los Altos, Calif. But its co-founder and initial computer science genius, Steve Wozniak, reached in Jeddah, Saudi Arabia, took the news […]

Grab Raises Another $1 Billion to Finance Ride-Hailing Battle

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Morning Brief: US proposes higher tariffs on Chinese imports

Morning Brief: US proposes higher tariffs on Chinese imports

Wednesday, August 1, 2018 What to watch today On Wednesday, investors will have strong earnings news from Apple (AAPL) to help markets start August on the right foot, as the world’s largest company by market cap reported earnings and revenue that topped expectations after the close on Tuesday. In after-hours trading on Tuesday, Apple shares were […]

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