BlockFi representative blames Alameda default for bankruptcy filing. getty A BlockFi representative laid the blame for the crypto lender’s bankruptcy filing Monday squarely on FTX Trading, whose Alameda Research affiliate defaulted on $680 million of collateralized loans to the digital financing platform. BlockFi also sued a company controlled by FTX […]
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5 Reasons to Add BOK Financial (BOKF) to Your Portfolio Now
It seems wise to buy BOK Financial Corporation BOKF stock now, given its strong fundamentals and efforts to diversify the loan portfolio. The favorable higher interest rate environment will act as a tailwind. The company’s steady capital-deployment activities are backed by a solid balance-sheet position. The company has been witnessing upward […]
First Financial Bancorp Announces Third Quarter 2022 Financial Results
Earnings per diluted share of $0.59; $0.61 on an adjusted(1) basis Return on average assets of 1.35%; 1.40% on an adjusted(1) basis Net interest margin on FTE basis(1) of 3.98%; 53 bp increase from linked quarter Loan growth of $377.0 million; 15.9% on an annualized basis Strong credit quality with […]
CFPB Sues MoneyLion for Overcharging Servicemembers and Trapping Consumers in Costly Memberships
Washington, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) sued MoneyLion Technologies, an online lender, and 38 of its subsidiaries, for imposing illegal and excessive charges on servicemembers and their dependents. The CFPB alleges that MoneyLion violated the Military Lending Act by charging more than the legally allowable 36% […]