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Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Credit Suisse Group AG (CS)

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Thursday, March 23, 2023

Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming May 8, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Credit Suisse Group AG (“Credit Suisse” or the “Company”) (NYSE: CS ) securities between March 10, 2022 and March 20, 2023, inclusive (the “Class Period”).

Key Points:

Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming May 8, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Credit Suisse Group AG (“Credit Suisse” or the “Company”) (NYSE: CS ) securities between March 10, 2022 and March 20, 2023, inclusive (the “Class Period”).
On February 9, 2023, Credit Suisse released its 2022 financial results, reporting customer outflows of 110.5 billion Swiss francs in the final three months of 2022.
On this news, Credit Suisse’s ADS price fell $0.56, or 15.6%, to close at $3.02 per ADS on February 9, 2023.
If you purchased or otherwise acquired Credit Suisse securities during the Class Period, you may move the Court no later than May 8, 2023 to request appointment as lead plaintiff in this putative class action lawsuit.

Paltalk, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results

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Thursday, March 23, 2023

JERICHO, NY, March 23, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Paltalk, Inc. (“Paltalk,” the “Company,” “we,” “our” or “us”) (Nasdaq: PALT), a communications software innovator that powers multimedia social applications, today announced financial and operational results for the fourth quarter and year ended December 31, 2022.

Key Points:

On September 7, 2022, the United States Patent Office issued a reexamination of U.S. Patent No.
Jason Katz, Chairman and CEO of Paltalk, commented, “We are encouraged with our sequential quarterly growth, as our fourth quarter revenue is 7% greater than what we reported for the third quarter of 2022.
Our operating expenses as a percentage of revenue declined to 129% for the fourth quarter of 2022 versus 140% for the third quarter of 2022, demonstrating our improved operating efficiencies.
Financial Results for Year Ended December 31, 2022
Revenue for the year ended December 31, 2022 decreased by 17% to $11.0 million, compared to $13.3 million for the year ended December 31, 2021.

Lendbuzz Named 2023 “Best Consumer Lending Platform” in 7th Annual FinTech Breakthrough Awards Program

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Thursday, March 23, 2023

Software, Automotive, Artificial Intelligence, Data Management, Professional Services, Technology, Fintech, General Automotive, Digital banking, Credit, Risk, Regulatory technology, Algorithm, AI, Bank, Investment

Lendbuzz , the AI-based fintech company that is revolutionizing the auto finance market, today announced that it has been selected as winner of the “Best Consumer Lending Platform” award in the 7th annual FinTech Breakthrough Awards, conducted by FinTech Breakthrough , an independent market intelligence organization that recognizes the top companies, technologies, and products in the global FinTech market today.

Key Points:

Lendbuzz , the AI-based fintech company that is revolutionizing the auto finance market, today announced that it has been selected as winner of the “Best Consumer Lending Platform” award in the 7th annual FinTech Breakthrough Awards, conducted by FinTech Breakthrough , an independent market intelligence organization that recognizes the top companies, technologies, and products in the global FinTech market today.
This, in turn, improves and expands consumer access to their financing products.
The 2023 FinTech Breakthrough Award program attracted more than 4,000 nominations from across the globe.
“It’s a thrill to be listed among the FinTech Breakthrough Winners’ circle for 2023.

Direct Digital Holdings Reports Fourth Quarter & Full-Year 2022 Financial Results

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Thursday, March 23, 2023

HOUSTON, March 23, 2023 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), today announced financial results for the fourth quarter and fiscal year ended December 31, 2022.

Key Points:

HOUSTON, March 23, 2023 /PRNewswire/ -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the "Company"), a leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP"), Huddled Masses LLC ("Huddled Masses") and Orange142, LLC ("Orange142"), today announced financial results for the fourth quarter and fiscal year ended December 31, 2022.
Fourth Quarter 2022 Financial Highlights:
Revenue was $29.4 million in the fourth quarter of 2022, an increase of $16.5 million, or 128% over the $12.9 million in the same period of 2021.
Adjusted EBITDA(1) was $1.8 million in the fourth quarter 2022, compared to $1.8 million in the same period of 2021.
Direct Digital will host a conference call on Thursday, March 23, 2023 at 5:00 p.m. Eastern Time to discuss the Company's fourth quarter and full-year financial results.

AM Best Affirms Credit Ratings of China Taiping Insurance (Macau) Company Limited

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Thursday, March 23, 2023

Insurance, Professional Services, Communication, AM Best, ALL, COVID-19, Risk management, Credit, China Taiping Insurance Holdings, AM, Seemabaddha, News

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of China Taiping Insurance (Macau) Company Limited (CTIM) (Macau).

Key Points:

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of China Taiping Insurance (Macau) Company Limited (CTIM) (Macau).
The company’s underwriting portfolio and distribution channel were stable and diversified, while the company continues to develop its online channel and explore cross-selling opportunities in its affiliated life insurance company in Macau, China Taiping Life Insurance (Macau) Company Limited.
A weakening credit profile of the parent company, China Taiping Insurance Holdings Company Limited, also may have a negative impact on CTIM’s ratings.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .

Nintendo Download: Alchemy, Baseball and Storytelling Dragons

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Thursday, March 23, 2023

*** Any Nintendo Switch Online membership (sold separately) and Nintendo Account required for online features.

Key Points:

*** Any Nintendo Switch Online membership (sold separately) and Nintendo Account required for online features.
Nintendo adds new games weekly to Nintendo eShop, which offers a variety of options for the Nintendo Switch family of systems, the Wii U console and the Nintendo 3DS family of systems.
All funds from one card must be loaded in Nintendo eShop on the Nintendo Switch family of systems, Wii U or the Nintendo 3DS family of systems, but can be used in any Nintendo eShop if the systems are linked to a single Nintendo Account.
Nintendo Switch players who register a Nintendo Account gain access to free-to-start games and free game demos from Nintendo eShop, and also get the latest news and information direct from Nintendo.

SMBC Nikko Securities America, Inc. Names Steven Feinberg Head of Credit for Fixed Income Sales & Trading Group

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Thursday, March 23, 2023

SMBC Nikko Securities America, Inc., a member of SMBC Group, today announced the appointment of Steven Feinberg as Head of Credit for the Fixed Income Sales & Trading Group, based in New York.

Key Points:

SMBC Nikko Securities America, Inc., a member of SMBC Group, today announced the appointment of Steven Feinberg as Head of Credit for the Fixed Income Sales & Trading Group, based in New York.
He also works in partnership with the Capital Markets team to align secondary trading priorities and enhance SMBC’s value to clients within its primary markets.
Steven reports to Masahito Nonaka, Deputy President of SMBC Nikko Securities America, Inc., who said: “Steven brings a tremendous wealth of fixed income and credit experience to our organization, having served in various senior leadership roles at large global banks.
We’re pleased to have Steven join SMBC Nikko and look forward to our continued growth in these businesses.

Hera Fertility Launches New 0% APR Fertility Financing Plans to Help Couples Build Families

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Thursday, March 23, 2023

Women, Practice Management, Health, Family, Baby, Maternity, Hospitals, Health Technology, Consumer, Hera, IUI, Patient, Artificial insemination, Infertility, Dream, Fertility, IVF, Birth control, Credit

Hera Fertility, a leading provider of fertility treatments, announced today the launch of a new financing option for couples struggling with infertility.

Key Points:

Hera Fertility, a leading provider of fertility treatments, announced today the launch of a new financing option for couples struggling with infertility.
With the rising costs of fertility treatments and healthcare in general, many couples struggle to afford the necessary treatments to help them conceive.
That's why Hera Fertility is excited to offer a financing plan that is not only affordable, but also interest-free.
To learn more about Hera Fertility's 0% APR financing and other services, please visit their website at www.herafertility.co .

Equipment Leasing and Finance Association’s Survey of Economic Activity: Monthly Leasing and Finance Index

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Thursday, March 23, 2023

Equipment, Equipment Leasing Association Of Nigeria, ELFA, Lease, Traction, Growth, Credit, Cryptocurrency, Syndication

WASHINGTON, March 23, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for February was $7.9 billion, up 11 percent year-over-year from new business volume in February 2022.

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WASHINGTON, March 23, 2023 (GLOBE NEWSWIRE) -- The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) , which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for February was $7.9 billion, up 11 percent year-over-year from new business volume in February 2022.
Charge-offs were 0.32 percent, down from 0.34 percent the previous month and up from 0.09 percent in the year-earlier period.
Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) in March is 50.3, a decrease from the February index of 51.8.
Overall, we remain optimistic but sensitive to credit quality as economic conditions are volatile.”

Account-to-Account Payments Set to Revolutionize Shopping, with E-commerce Payments Reaching $525 Billion Globally: Worldpay from FIS 2023 Global Payments Report

Retrieved on:

Thursday, March 23, 2023

View the full release here: https://www.businesswire.com/news/home/20230323005062/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20230323005062/en/
The Worldpay from FIS Global Payments Report 2023 examines how consumers pay today both in-store and online across 40 global markets.
Findings from the 2023 report show that in 2022, there were almost 70 real-time payment (RTP) schemes providing high-speed payment rails that helped drive A2A payments to account for US$525 billion in global e-commerce transaction value, up 13 percent from US$463 billion in 2021.
While it is significantly more convenient for consumers it also brings a host of benefits for merchants,” said Jim Johnson, President of Worldpay Merchant Solutions, FIS.
Meeting consumer demand for advanced payments features now can help businesses thrive through economic troubles, while potentially gaining market share from competitors.”