Financial services

Executive Changes at PULSE

Wednesday, January 22, 2020 - 2:00pm

PULSE, one of the nations leading debit/ATM networks, has named Jennifer Schroeder Executive Vice President, Product Management.

Key Points: 
  • PULSE, one of the nations leading debit/ATM networks, has named Jennifer Schroeder Executive Vice President, Product Management.
  • She takes over from Judith McGuire, who recently moved into a new executive role with Discover Financial Services, PULSEs parent company.
  • Throughout Jennifers more than six years at PULSE, and 20 years at Discover, she has succeeded in creating best-in-class client service organizations, said Dave Schneider, President of PULSE.
  • In addition, PULSE has elevated Jim Lerdal to Executive Vice President, Operations.

Sentry Bank Selects CSI’s Core Services to Drive Customer Engagement, Support P2P Transactions and Enhance Digital Capabilities

Wednesday, January 22, 2020 - 12:35pm

The full-service community bank implemented CSIs NuPoint core processing solution along with a suite of digital banking tools, including online banking, mobile banking and the SPIN P2P payments platform.

Key Points: 
  • The full-service community bank implemented CSIs NuPoint core processing solution along with a suite of digital banking tools, including online banking, mobile banking and the SPIN P2P payments platform.
  • Bank executives cited CSIs SPIN P2P payment platform as an example of how the bank will be able to deliver new digital banking tools that meet the demands of their customer base.
  • Our customers expect to have the most up-to-date technology to meet their financial needs, said Darren Heying, president and CEO of Sentry Bank.
  • By pairing CSIs digital banking capabilities with our customer service, we can provide our community the financial solutions and experience they expect and deserve.

Western Union and Bharti Airtel Unveil Real-time Global Payments into Millions of Bank Accounts in India and Mobile Wallets Across Africa

Wednesday, January 22, 2020 - 11:08am

The two industry leaders have come together to launch real-time payments soon into millions of Airtel Payments Bank accounts in India and Mobile Wallets across 14 countries in Africa.

Key Points: 
  • The two industry leaders have come together to launch real-time payments soon into millions of Airtel Payments Bank accounts in India and Mobile Wallets across 14 countries in Africa.
  • Western Unions collaboration with Airtel Payments Bank in India will offer another channel for real-time cross-border money movement into India, the worlds largest remittance-receiving country , according to the World Bank.
  • Airtel Payments Bank customers can soon direct a Western Union money transfer into their bank accounts 24/7 via their app in real-time.
  • Airtel Payments Bank, Indias first payments bank that launched in January 2017, now boasts of over 40 million+ customers and over 500K banking points across the country.

KBS Signs Lease Extension with BNP Paribas for 53,186 Square Feet

Wednesday, January 22, 2020 - 11:00am

KBS , one of the largest investors in premier commercial real estate in the nation, announced today that it has signed a lease extension for 53,186 square feet with BNP Paribas at Woodbridge Corporate Plaza in Iselin, New Jersey.

Key Points: 
  • KBS , one of the largest investors in premier commercial real estate in the nation, announced today that it has signed a lease extension for 53,186 square feet with BNP Paribas at Woodbridge Corporate Plaza in Iselin, New Jersey.
  • BNP Paribas, a premier global banking organization, is an existing tenant at Woodbridge Corporate Plaza.
  • With the lease extension, the tenant will continue to fully occupy the first and third floors of Building D at the property.
  • Jamie Drummond and Andrew Perrotti of Newmark Knight Frank represented KBS in the lease extension.

LumApps Raises $70 Million in Series C Funding led by Goldman Sachs

Wednesday, January 22, 2020 - 5:00am

NEW YORK, Jan. 22, 2020 /PRNewswire/ -- LumApps , a leading Software-as-a-Service provider of cloud-based enterprise communication solutions, today announced a $70 million Series C funding round, bringing the company's total amount raised to around $100 million.

Key Points: 
  • NEW YORK, Jan. 22, 2020 /PRNewswire/ -- LumApps , a leading Software-as-a-Service provider of cloud-based enterprise communication solutions, today announced a $70 million Series C funding round, bringing the company's total amount raised to around $100 million.
  • New investor Goldman Sachs Growth led the round with participation from Bpifrance, through its Growth Fund Large Venture, alongside Idinvest Partners, Iris Capital, and Famille C (Courtin-Clarins' family office).
  • "LumApps has exceptional technology, visionary leadership, and an impressive roster of customers across industries and regions," said Christian Resch, Managing Director Goldman Sachs Growth.
  • Goldman Sachs Merchant Banking Division (MBD) is the primary center for the firm's long-term principal investing activity.

Central bank group to assess potential cases for central bank digital currencies

Wednesday, January 22, 2020 - 12:06am

PRESS RELEASE

Key Points: 
  • PRESS RELEASE

    Central bank group to assess potential cases for central bank digital currencies

    21 January 2020

    The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International Settlements (BIS), have created a group toshare experiences as they assess the potential cases for central bank digital currency (CBDC) in their home jurisdictions.

  • The group will assess CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies.
  • It will closely coordinate with the relevant institutions and forums in particular, the Financial Stability Board and the Committee on Payments and Market Infrastructures (CPMI).
  • The group will be co-chaired by Benot Cur, Head of the BIS Innovation Hub, and Jon Cunliffe, Deputy Governor of the Bank of England and Chair of the CPMI.

The euro area bank lending survey – Fourth quarter of 2019

Wednesday, January 22, 2020 - 12:05am

Introduction The survey was conducted between 6 and 27December 2019.

Key Points: 

Introduction

    • The survey was conducted between 6 and 27December 2019.
    • In addition to results for the euro area as a whole, this report also contains results for the four largest euro area countries.
    • [1] A number of ad hoc questions were included in the January2020 survey.

1 Overview of results

    • For loans to enterprises, this was in spite of a continued tightening impact stemming from risk perceptions relating to the economic outlook.
    • Demand for loans to enterprises declined for the first time since the fourth quarter of 2013, reflecting the slowdown in economic activity that has been observed since 2018.
    • In contrast, demand for housing loans and consumer credit continued to increase.
    • Terms and conditions for consumer credit eased, driven by narrower margins on average loans, while margins increased slightly for riskier loans.
    • For the first quarter of 2020, banks expect to see increases in net demand for both housing loans (6%) and consumer credit (15%).
    • For housing loans, credit standards tightened in Spain and France, eased in Italy and remained unchanged in Germany.
    • Net demand for loans to enterprises declined in Spain and, to a lesser extent, France, while net demand increased in Germany and remained unchanged in Italy.
    • Net demand for housing loans increased in France, Germany and Italy, but fell in Spain.
    • Overview table Latest BLS results for the largest euro area countries (net percentages of banks reporting a tightening of credit standards or an increase in loan demand)
    • Euro area banks reported a continued strengthening of their capital positions against the backdrop of regulatory and supervisory actions in the second half of 2019.
    • Over the next six months, they expect that tightening impact to increase somewhat for loans to enterprises and consumer credit.
    • Given the attractive conditions surrounding TLTRO-III operations, the profitability motive has been the most important reason for banks to participate so far.
    • Box 1General notes The bank lending survey (BLS) is addressed to senior loan officers at a representative sample of euro area banks.
    • The main purpose of the BLS is to enhance the Eurosystems knowledge of bank lending conditions in the euro area.
    • [2] BLS questionnaire The BLS questionnaire contains 22 standard questions on past and expected future developments: 18 backward-looking questions and four forward-looking questions.
    • Aggregation of banks replies to national and euro area BLS results The responses of the individual banks participating in the BLS are aggregated in two steps.
    • In the first step, the responses of individual banks are aggregated to form national results for euro area countries.
    • And in the second step, those national BLS results are aggregated to form euro area BLS results.
    • It has been applied to all euro area and national BLS results in the current BLS questionnaire, including backdata.
    • In addition, BLS time series data are available on the ECBs website via the Statistical Data Warehouse.

2 Developments in credit standards, terms and conditions, and net demand for loans in the euro area

    2.1 Loans to enterprises

      2.1.1 Credit standards for loans to enterprises remained broadly unchanged

        • banks internal guidelines or loan approval criteria) for loans to enterprises remained broadly unchanged in the fourth quarter of 2019 (with the net percentage of banks reporting tightening standing at 1%, compared with -2% in the third quarter of 2019; see Chart 1 and overview table), in line with expectations expressed in the previous survey round.
        • That net percentage remained below the historical average since 2003. Credit standards tightened slightly for loans to small and medium-sized enterprises (2%) and remained unchanged for loans to large firms.
        • Chart 1 Changes in credit standards applied to the approval of loans or credit lines to enterprises, and contributing factors (net percentages of banks reporting a tightening of credit standards and contributing factors)
        • Looking at the four largest euro area countries, credit standards for loans to enterprises tightened in Spain and France in the fourth quarter of 2019, while they remained unchanged in Germany and Italy.
        • Looking ahead to the first quarter of 2020, euro area banks expect credit standards for loans to enterprises to remain unchanged.
        • Table 1 Factors contributing to the net easing of credit standards for loans or credit lines to enterprises (net percentages of banks)

      2.1.2 Terms and conditions on loans to enterprises remained unchanged

        • Overall terms and conditions on new loans or credit lines to enterprises (i.e.
        • the actual terms and conditions agreed in loan contracts) remained unchanged in the fourth quarter of 2019 (see Chart 2 and Table 2).
        • While margins on average loans to enterprises (defined as the spread over relevant market reference rates) narrowed, they continued to widen slightly for riskier loans.
        • Chart 2 Changes in terms and conditions on loans or credit lines to enterprises (net percentages of banks reporting a tightening of terms and conditions)
        • Looking at the four largest euro area countries, overall terms and conditions on new loans or credit lines to enterprises tightened in Germany and France, while they remained unchanged in Spain and Italy.
        • According to reporting banks, margins on average loans narrowed in Spain, France and Italy in the fourth quarter of 2019.
        • Table 2 Changes in terms and conditions on loans or credit lines to enterprises (net percentages of banks)
        • Banks increased risk tolerance also had a slight easing impact on term and conditions.
        • Table 3 Factors contributing to the net tightening of overall terms and conditions on loans or credit lines to enterprises (net percentages of banks)

      2.1.3 Rejection rate for loans to enterprises continued to increase


        The net percentage share of rejected loan applications (calculated as the difference between the percentage of banks reporting an increase in rejection rates and the percentage of banks reporting a decline) continued to increase for loans to euro area enterprises in the fourth quarter of 2019, reaching the highest level seen since the series began in 2015 (9%, up from 7% in the previous quarter; see Chart 3). Chart 3 Changes in the share of rejected applications for loans to enterprises (net percentages of banks reporting an increase in the share of rejections)
        Looking at the largest euro area countries, the net rejection rate increased in France and Germany, while it remained unchanged in Spain and declined in Italy. The increase in the net rejection rate in Germany and France broadly corresponded to the tightening impact that risk perceptions had on credit standards for loans to enterprises as a result of concerns about borrowers’ creditworthiness.

      2.1.4 Net demand for loans to enterprises declined

        • Net demand for loans to enterprises declined in the fourth quarter of 2019 (net percentage of -8%, down from 1% in the third quarter of 2019; see Chart 4 and overview table), the first time this had been seen since the fourth quarter of 2013, whereas banks had expected it to remain stable overall.
        • Demand declined for both loans to SMEs and loans to large firms.
        • Chart 4 Changes in demand for loans or credit lines to enterprises, and contributing factors (net percentages of banks reporting an increase in demand and contributing factors)
        • Financing needs for fixed investment ceased to contribute positively to firms loan demand.
        • While the contribution that individual factors make to net loan demand has mostly been positive or neutral on aggregate, a more detailed assessment offers additional insight.
        • In fact, in most countries where banks indicated a net decline in demand, fixed investment contributed to that decline, in line with subdued economic activity.
        • Table 4 Factors contributing to net demand for loans or credit lines to enterprises (net percentages of banks)
        • Looking at the largest euro area countries, net demand for loans to enterprises declined in Spain and, to a lesser extent, France, while net demand increased in Germany and remained unchanged in Italy.
        • Spains net decline in demand for loans to enterprises was driven by fixed investment, inventories and working capital, as well as the use of alternative finance.
        • For the first quarter of 2020, banks expect that demand for loans to enterprises will continue to decline (net percentage of -9%).

      2.2 Loans to households for house purchase

        2.2.1 Credit standards for loans to households for house purchase remained broadly unchanged

          • Credit standards for loans to households for house purchase remained broadly unchanged in the fourth quarter of 2019, following the slight easing observed in the previous quarter (1%, compared with -2% in the previous quarter; see Chart 5 and overview table).
          • The net percentage remained below the historical average since 2003.
          • Chart 5 Changes in credit standards applied to the approval of loans to households for house purchase, and contributing factors (net percentages of banks reporting a tightening of credit standards and contributing factors)
          • Pressure from competition continued to be the main factor having an easing impact on credit standards.
          • Banks risk tolerance, funding costs and balance sheet constraints had a broadly neutral impact (see Chart 5 and Table 5).
          • Looking ahead, euro area banks expect that credit standards for housing loans will tighten (net percentage of 3%) in the first quarter of 2020.
          • Table 5 Factors contributing to the net tightening of credit standards for loans to households for house purchase (net percentages of banks)

        2.2.2 Terms and conditions on loans to households for house purchase remained broadly unchanged

          • Banks overall terms and conditions on new loans to households for house purchase remained broadly unchanged in the fourth quarter of 2019 (see Chart 6 and Table 6), following a tightening in the previous quarter.
          • The compression of margins on average loans had an easing impact on banks overall terms and conditions, while the tightening impact of margins on riskier loans was weaker than in the last survey round.
          • Chart 6 Changes in terms and conditions on loans to households for house purchase (net percentages of banks reporting a tightening of terms and conditions)
          • Banks in France reported a slight tightening of overall terms and conditions, driven by an increase in margins on riskier loans which was only partially offset by narrower margins on average loans.
          • In contrast, banks in Italy reported a net easing of terms and conditions, driven mainly by narrower margins for both average and riskier loans.
          • Table 6 Changes in terms and conditions on loans to households for house purchase (net percentages of banks)
          • Competitive pressures remained the main factor having an easing impact on overall terms and conditions on housing loans at euro area level.
          • Risk perceptions also had a slight tightening impact on terms and conditions on housing loans at euro area level.
          • Table 7 Factors contributing to the net tightening of overall terms and conditions on loans to households for house purchase (net percentages of banks)

        2.2.3 Rejection rate for housing loans increased

          • Looking at the largest euro area countries, the rejection rate for housing loans increased in France, while it remained unchanged in Germany and declined in both Spain and Italy.
          • The increase in the net rejection rate in France coincided with an increase in demand for housing loans, which may suggest that banks received a larger percentage of applications with lower credit quality.
          • Chart 7 Change in the share of rejected applications for loans to households for house purchase (net percentages of banks reporting an increase in the share of rejections)

        2.2.4 Net demand for housing loans continued to increase


          In the fourth quarter of 2019, banks reported a further strengthening of net demand for housing loans (net percentage of 25%, up from 15% in the previous quarter; see Chart 8 and overview table), which was above the historical average for housing loan demand and higher than banks had expected in the previous survey round. Chart 8 Changes in demand for loans to households for house purchase, and contributing factors (net percentages of banks reporting an increase in demand and contributing factors)
          • Net demand for housing loans continued to be driven mainly by the low general level of interest rates, while favourable housing market prospects and consumer confidence also contributed more positively than in previous quarters.
          • However, the use of alternative sources of finance continued to have a slight negative effect on demand (see Chart 8 and Table 8).
          • In Spain, banks cited housing market prospects, consumer confidence and the use of alternative finance as the main factors dampening demand for housing loans.
          • Table 8 Factors contributing to net demand for loans to households for house purchase (net percentages of banks)


          For the first quarter of 2020, euro area banks expect a continued increase in net demand for housing loans (6%).

        2.3 Consumer credit and other lending to households

          2.3.1 Credit standards for consumer credit and other lending to households continued to tighten

            • In the fourth quarter of 2019, credit standards for consumer credit and other lending to households tightened further (net percentage of 3%, unchanged from the previous quarter; see Chart 9 and overview table), despite expectations that they would remain broadly unchanged.
            • Chart 9 Changes in credit standards applied to the approval of consumer credit and other lending to households, and contributing factors (net percentages of banks reporting a tightening of credit standards and contributing factors)
            • Looking at the largest euro area countries, credit standards for consumer lending continued to tighten in Spain, while they remained unchanged in Germany and France, and eased in Italy.
            • Looking ahead to the first quarter of 2020, euro area banks expect a net easing of credit standards for consumer credit and other lending to households (-6%).
            • Table 9 Factors contributing to the net tightening of credit standards for consumer credit and other lending to households (net percentages of banks)

          2.3.2 Terms and conditions on consumer credit and other lending to households eased

            • In the fourth quarter of 2019, the overall terms and conditions applied by banks when granting new consumer credit and other lending to households eased, driven mainly by the compression of margins on average loans.
            • Looking at the largest euro area countries, overall terms and conditions on consumer credit and other lending to households eased in France, Spain and Germany, but remained unchanged in Italy.
            • Chart 10 Changes in terms and conditions on consumer credit and other lending to households (net percentages of banks reporting a tightening of terms and conditions)


            Table 10 Changes in terms and conditions on consumer credit and other lending to households (net percentages of banks)

            • The main factor underlying the net easing of overall terms and conditions was pressure from competition, while banks risk tolerance exerted a slight tightening impact.
            • Table 11 Factors contributing to the net tightening of overall terms and conditions on consumer credit and other lending to households (net percentages of banks)

          2.3.3 Rejection rate for consumer credit and other lending to households increased slightly

            • Looking at the largest euro area countries, the rejection rate increased in Spain, while it remained unchanged in Germany, France and Italy.
            • The increase seen in Spain since the beginning of 2019 may be explained by the tightening impact that risk perceptions have had on credit standards for consumer credit and other lending to households.
            • Chart 11 Change in the share of rejected applications for consumer credit and other lending to households (net percentages of banks reporting an increase in the share of rejections)

          2.3.4 Net demand for consumer credit and other lending to households continued to increase

            • According to euro area banks, net demand for consumer credit and other lending to households increased in the fourth quarter of 2019 (net percentage of 10%, up from 8% in the previous quarter; see Chart 12 and overview table).
            • Net demand in the fourth quarter was higher than its historical average, but weaker than had been expected in the previous survey round.
            • Looking at the largest euro area countries, net demand for consumer credit and other lending to households increased in Italy, France and Germany, while it declined in Spain.
            • Chart 12 Changes in demand for consumer credit and other lending to households, and contributing factors (net percentages of banks reporting an increase in demand and contributing factors)


            Table 12 Factors contributing to net demand for consumer credit and other lending to households (net percentages of banks)
            For the first quarter of 2020, euro area banks expect net demand for consumer credit and other lending to households to increase further (15%).

          3 Ad hoc questions

            3.1 Banks’ access to retail and wholesale funding

              • The January 2020 survey included a question assessing the extent to which the situation in financial markets had affected banks access to retail and wholesale funding.
              • Banks were asked whether their access to funding had deteriorated or eased over the past three months, as well as being asked about their expectations for the next three months.
              • As regards retail funding, access to short and longer-term deposit funding was reported to have remained broadly unchanged.
              • Chart 13 Banks assessment of funding conditions and the ability to transfer credit risk off the balance sheet (net percentages of banks reporting a deterioration in market access)


              Looking ahead to the first quarter of 2020, euro area banks expect developments in terms of access to retail and wholesale funding to be similar to those seen in the fourth quarter of 2019. Table 13 Banks’ assessment of funding conditions and the ability to transfer credit risk off the balance sheet (net percentages of banks reporting a deterioration in market access)

            3.2 Banks’ adjustment to regulatory and supervisory action

              • The January 2020 BLS questionnaire included a biannual ad hoc question assessing the extent to which new regulatory or supervisory requirements affect banks lending policies via the potential impact on capital, leverage, liquidity positions or provisioning and the credit conditions that banks apply to loans.
              • Banks were also asked to indicate the impact on their funding conditions.
              • Chart 14 Impact of regulatory or supervisory action on banks risk-weighted assets, capital and funding conditions (net percentages of banks)


              Table 14 Impact of regulatory or supervisory action on banks’ risk-weighted assets, capital and funding conditions (net percentages)

              • In addition, new regulatory or supervisory requirements also led to an increase in banks total assets and liquid assets in the second half of 2019.
              • Banks reported that regulatory or supervisory action had a slight easing impact on funding conditions.
              • Chart 15 Contribution of regulatory or supervisory action to the tightening of banks credit standards and margins (net percentages of banks)
              • Looking ahead to the first half of 2020, euro area banks expect regulatory or supervisory action to lead to further strengthening of their capital positions and increases in both total and risk-weighted assets.
              • In addition, they also expect regulatory or supervisory action to have a somewhat stronger tightening impact on credit standards and a narrowing impact on credit margins across loan categories.
              • Table 15 Contribution of regulatory or supervisory action to the tightening of banks credit standards and margins (net percentages)

            3.3 The impact of banks’ NPL ratios on their lending policies

              • The January 2020 survey questionnaire included a biannual ad hoc question about the impact that banks NPL ratios have on their lending policies and the factors through which NPL ratios contribute to changes in lending policies.
              • Banks were asked about the impact on loans to enterprises, loans to households for house purchase, and consumer credit and other lending to households over the past six months and over the next six months.
              • NPL ratios had a small net tightening impact on the terms and conditions of loans to enterprises (net percentage of 2%), but the terms and conditions of other types of loan were broadly unaffected by NPL ratios in net terms.
              • Chart 16 Impact of banks NPL ratios on credit standards and terms and conditions (net percentages of banks)
              • The most relevant factors for the tightening impact of NPL ratios are expected to be banks risk tolerance, liquidity positions and risk perceptions relating to the economic outlook.
              • Chart 17 Contributions of factors through which NPL ratios affect banks policies on lending to enterprises and households (net percentages of banks)

            3.4 The impact of the TLTRO-III series on banks and their lending policies

              • Banks were asked about their participation in that series of operations and their reasons for doing so, as well as being asked about their use of TLTRO-III liquidity.
              • In addition, banks were asked about the impact that TLTRO-III operations have on their financial situation, as well as lending conditions and lending volumes for loans to enterprises, loans to households for house purchase, and consumer credit and other lending to households.
              • Chart 18 Banks participation in TLTRO-III operations and their reasons for participation (percentages of banks)
              • For future TLTRO-III operations, the relative importance of the various factors is broadly the same as that observed for the second operation.
              • Banks indicated that they used the TLTRO-III liquidity largely for granting loans to the non-financial private sector (see below for information across loan categories).
              • The second most frequently cited use for TLTRO-III liquidity was refinancing primarily the replacement of TLTRO-II funds (see Chart 19).
              • In the future, too, banks plan to use TLTRO-III funds primarily for granting loans and replacing TLTRO-II funds.
              • Chart 19 Use of TLTRO-III liquidity by banks (percentages of banks)
              • In net terms, 20% of banks reported that the TLTRO-III operations had a positive impact on their liquidity positions over the past six months (a period including the September 2019 and December 2019 TLTRO-III operations), with 16% reporting a positive impact on their market financing conditions.
              • In addition to a positive impact on banks liquidity positions (net percentage of 41%) and market financing conditions (net percentage of 34%), a substantial net percentage of banks (37%) also expect a positive impact on profitability.
              • Chart 20 Impact of the TLTRO-III series on banks financial situation (net improvement reported by banks)
              • Banks reported that the TLTRO-III operations had a net easing impact on their terms and conditions (with a smaller impact on credit standards) and a positive net impact on lending volumes (see Chart 21).
              • In addition, banks reported a positive impact on their lending volumes for loans to enterprises (net percentage of 9%) and consumer credit (net percentage of 6%) over the past six months, whereas the impact on volumes of housing loans was neutral.
              • Chart 21 Impact of the TLTRO-III series on bank lending conditions and lending volumes (net percentages of banks)

            Applied Therapeutics, Inc. Announces Offering of 1,750,000 Shares of Common Stock

            Tuesday, January 21, 2020 - 9:16pm

            The Company expects to grant the underwriters a 30-day option to purchase up to 262,500 additional shares of common stock.

            Key Points: 
            • The Company expects to grant the underwriters a 30-day option to purchase up to 262,500 additional shares of common stock.
            • Goldman Sachs & Co. LLC, Cowen and UBS Investment Bank are acting as joint book-running managers for the offering.
            • The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the final size or terms of the offering.
            • Applied Therapeutics is a clinical-stage biopharmaceutical company developing a pipeline of novel drug candidates against validated molecular targets in indications of high unmet medical need.

            National Bank Holdings Corporation Announces Quarterly Dividend

            Tuesday, January 21, 2020 - 9:10pm

            DENVER, Jan. 21, 2020 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC) announced today that its Board of Directors approved a cash dividend to shareholders.

            Key Points: 
            • DENVER, Jan. 21, 2020 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC) announced today that its Board of Directors approved a cash dividend to shareholders.
            • National Bank Holdings Corporation is a bank holding company created to build a leading community bank franchise delivering high quality client service and committed to shareholder results.
            • Through its bank subsidiary, NBH Bank, National Bank Holdings Corporation operates a network of 101 banking centers, serving individual consumers, small, medium and large businesses, and government and non-profit entities.
            • Additional information about National Bank Holdings Corporation can be found at www.nationalbankholdings.com .

            CURO to Announce Fourth Quarter and Full Year 2019 Financial Results on Wednesday, February 5, 2020

            Tuesday, January 21, 2020 - 9:05pm

            CURO Group Holdings Corp. (NYSE: CURO) (CURO), a market leader in providing short-term credit to underbanked consumers, announced today that its fourth quarter and full year 2019 financial results will be released after the market closes on Wednesday, February 5, 2020.

            Key Points: 
            • CURO Group Holdings Corp. (NYSE: CURO) (CURO), a market leader in providing short-term credit to underbanked consumers, announced today that its fourth quarter and full year 2019 financial results will be released after the market closes on Wednesday, February 5, 2020.
            • CURO will host a conference call the following morning to discuss the results at 8:15 a.m. Eastern Time on Thursday, February 6, 2020.
            • The live webcast of the call can be accessed at the CURO Investors website at http://ir.curo.com/ , along with CUROs earnings press release and supplemental financial information.
            • With over 20 years of operating experience, CURO provides financial freedom to the underbanked.