Finance News

IRVINE, Calif.--(BUSINESS WIRE)--Silvergate Capital Corporation published today a letter to shareholders from the board of directors. August 27, 2026 Fellow Shareholders, We are writing to you as the new board of directors of Silvergate Capital Corporation (“Silvergate” or the “Company”) (effective March 31, 2026) to give you an update on Silvergate since its last press release on July 1, 2024. Summary of Key Events during the Past Two Years As many of you are already aware, on September 17, 20...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 73 classes of mortgage-backed notes from PMT Loan Trust 2026-INV8 (PMTLT 2026-INV8), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2026-INV8 comprises 1,036 fixed-rate mortgages (FRMs) with an aggregate principal balance of $403.0 million as of the August 1, 2026 cut-off date. The underlying pool consists of agency-eligible loa...

EL PASO, Texas--(BUSINESS WIRE)--Five organizations from the Las Cruces, New Mexico-El Paso, Texas, area received a combined $63,000 from the Federal Home Loan Bank of Dallas’ (FHLB Dallas) Partnership Grant Program (PGP), part of more than $1.8 million awarded across FHLB Dallas’ five-state region. The West Texas and New Mexico awards were celebrated today in El Paso, Texas, as FHLB Dallas marked the program’s 30th anniversary. The grants were awarded in partnership with WestStar Bank, an FHLB...

NEW YORK--(BUSINESS WIRE)--BitGo Holdings, Inc. (NYSE: BTGO) (“BitGo” or the “Company”), the digital asset infrastructure company, today announced that it has entered into a definitive agreement and completed the acquisition of the institutional trading business and related assets of NYDIG. The transaction expands BitGo’s institutional service offering and allows NYDIG to focus its resources on its vertically integrated power generation, bitcoin mining, and high-performance computing (“HPC”) da...

BOCA RATON, Fla.--(BUSINESS WIRE)--DigitalBridge, a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced that a DigitalBridge-managed investment vehicle has entered into an agreement to acquire PLUS ES, one of Australia’s largest smart meter providers. PLUS ES is a separate ring-fenced entity within the Ausgrid Group. PLUS ES provides infrastructure and services that connect retailers, utilities and network operators with the data needed to...

CINCINNATI--(BUSINESS WIRE)--American Financial Group, Inc. (NYSE: AFG) announced today that Carl H. Lindner III and S. Craig Lindner, Co-Chief Executive Officers, and Brian S. Hertzman, Senior Vice President & Chief Financial Officer, will participate in the 2026 Keefe, Bruyette & Woods Insurance Conference on Wednesday, September 9, 2026.While there will be no Company presentation, AFG will host several investor meetings. The investor material to be used in the meetings will be posted...

CHICAGO--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Chicago (FHLBank Chicago), Gorman & Company, The Phoenix Foundation, and community partners gathered yesterday to celebrate the grand opening of Earle Residences, an adaptive reuse project converting the closed Charles Warrington Earle School into 50 affordable rental apartment units in Chicago’s Englewood neighborhood. FHLBank Chicago awarded a $1 million Affordable Housing Program (AHP) grant to support the rehab...

SAN FRANCISCO--(BUSINESS WIRE)--Affirm Holdings, Inc. (NASDAQ: AFRM) (“Affirm”) today reported financial results for its fiscal 2026 fourth quarter ended June 30, 2026. The results, which include a shareholder letter furnished to the U.S. Securities and Exchange Commission on Form 8-K, can be found in the “Quarterly Results” section of Affirm’s investor relations website at https://investors.affirm.com/. Affirm will host a conference call and webcast to discuss its financial results today at 2:...

PURCHASE, N.Y.--(BUSINESS WIRE)--Mastercard Incorporated (NYSE: MA) today announced its participation in the following investor conference: On Thursday, September 10, Ling Hai, chief financial officer, will present at the Goldman Sachs Communacopia + Technology Conference in San Francisco, CA. The discussion will begin at 7:25 p.m. Eastern Time and last for approximately 35 minutes. There will be a live audio webcast of the discussion and replay will be archived for 30 days at investor.masterca...

DALLAS--(BUSINESS WIRE)--The SW Graduate School of Banking (SWGSB) at SMU Cox has added a new trustee to its board roster of highly respected advisors. Kit Sawers, inaugural CEO of Southern Methodist University’s (SMU) new Dallas Office and a vice president of the university, has joined the SWGSB board as the SMU representative. “We are honored to welcome Kit Sawers to our board of trustees. Her experience and perspective will strengthen SWGSB’s leadership and impact within the community bankin...