This Week In Finance News : 10 Stories You Need To See

This week s financial press releases highlighted several key developments: 1. Volkswagen Financial Services U.S. and Wells Fargo announced a cooperation agreement for vehicle purchase financing of Volkswagen, Audi, and Ducati brands in the United States. The partnership will begin in April 2025, with Wells Fargo providing new U.S. consumer retail financing. 2. Credit Builders Alliance launched a new financial inclusion pilot program using VantageScore 4plusTM Open Banking Credit Score. The program aims to help underserved consumers with thin credit files by using both credit report data and alternative open banking data to generate a more predictive credit score. 3. Eight in ten Americans expressed concern about the impact of the upcoming election on their retirement plans. Gen Z and those who have not yet retired are particularly worried about inflation setting back their retirement goals. 4. Donald Felix was named President and CEO of Carver Bancorp, Inc., effective November 1, 2024. The company continues to focus on Minority and Women Business Enterprises and the growing middle-income neighborhoods it serves. 5. Realty of America, a virtual brokerage, was launched by four industry titans. The platform invests in agents through technology, training, culture, and an innovative compensation structure. 6. Two Boxes secured $5.3M in an oversubscribed funding round led by Peterson Ventures. The company, which helps brands and 3PLs optimize returns in inspection, prioritization, processing, and tracking, saw participation from new investor Assembly Ventures and renewed support from existing backers Vinyl, Range Ventures, and Matchstick Ventures. 7. Stratix and Samsung announced a partnership to drive financial services innovation with mobile-first solutions. The collaboration aims to improve workflows, increase automation, and create better experiences for users and customers. 8. AES Corporation announced a strategic partnership with CDPQ to support AES Ohio s growth plans. The company agreed to sell a 30% indirect equity interest in AES Ohio to CDPQ for approximately US$546 million

Source: menafn.com
Published on 2024-09-20

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