US Grants Reprieve to Mexican Firms Targeted for Laundering
The Treasury department is granting an additional 45 days before a ban on fund transfers with the designated firms will take effect, it said in a statement. The new effective date is Sept. 4. The Treasury department's Financial Crimes Enforcement Network slapped orders last month on CIBanco SA, Intercam Banco SA and brokerage Vector Casa de Bolsa SA prohibiting all transfers with them from late July.
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Trump's son-in-law Kushner takes stake in UK lender OakNorth
The private equity firm set up by Jared Kushner, President Donald Trump's son-in-law, is to take a stake in OakNorth, the British-based lender which has set its sights on a rapid expansion in the US. Sky News has learnt that Affinity Partners, which has amassed billions of dollars in assets under management, has signed a deal to acquire an 8% stake in OakNorth. The deal is expected to be concluded in the coming weeks, industry sources said on Friday. Mr Kushner established Affinity Partners in 2021 after leaving his role as an adviser to President Trump during his first term in the White House. He is married to Ivanka, the president's daughter. Affinity manages money for a range of investors including the sovereign wealth funds of Qatar and Saudi Arabia. Insiders said that Affinity Partners was buying the OakNorth stake from an unidentified existing investor in the digital bank. The valuation at which the transaction was taking place was unclear, although OakNorth was valued at $2.8bn in its most recent funding round in 2019. OakNorth, which was founded by Rishi Khosla, is targeting substantial loan growth in the US in the coming years. Earlier this year, it agreed to buy Community Unity Bank (CUB), which is based in Birmingham, Michigan, in an all-share deal. The transaction is awaiting regulatory approval. OakNorth began lending in the US in 2023 and has since made roughly $1.3bn of loans. The bank is chaired by the former City watchdog chair Lord Turner, and is among a group of digital-only British banks which are expected to explore stock market listings in the next few years. Monzo, Revolut and Starling Bank are all likely to float by the end of 2028, although London is far from certain to be the destination for all of them. Similarly, OakNorth's ambition to grow its US presence means it is likely to be advised by bankers that New York is a more logical listing venue for the business. Launched in 2015, the bank is among a group of lenders founded after the 2008 financial crisis. Its UK clients include F1 Arcade and Ultimate Performance, both of which have themselves expanded into the US market. Its existing backers include the giant Japanese investor SoftBank, GIC, the Singaporean state fund, and Toscafund, the London-based asset management firm. Since its launch, OakNorth has lent around £12.5bn and boasts an industry-leading loan default ratio. Last year, it paid out just over £30m to shareholders in its maiden dividend payment. OakNorth has been growing rapidly, saying this year that it had recorded pre-tax profits of £214.8m in 2024, up from £187.3m the previous year. It made more than £2.1bn of new loans last year. On Friday, a spokesperson for OakNorth declined to comment.
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Thomson Reuters Announces $1.0 Billion Share Repurchase Program
TORONTO, Aug. 15, 2025 /CNW/ -- Thomson Reuters (TSX/Nasdaq: TRI), a global content and technology company, today announced that it plans to repurchase up to $1.0 billion of its shares. Purchases of shares will occur under a new normal course issuer bid (NCIB) that has been approved by the Toronto Stock Exchange (TSX). Under the new NCIB, up to 10 million common shares (which represents approximately 2.22% of the company's issued and outstanding common shares as of August 12, 2025) may be repurchased between August 19, 2025 and August 18, 2026. Under the NCIB, shares may be repurchased in open market transactions on the TSX, the Nasdaq Global Select Market (Nasdaq) and/or other exchanges and alternative trading systems, if eligible, or by such other means as may be permitted by the TSX and/or Nasdaq or under applicable law, including private agreement purchases or share purchase program agreement purchases if Thomson Reuters receives, if applicable, an issuer bid exemption order in the future from applicable securities regulatory authorities in Canada for such purchases. The price that Thomson Reuters will pay for common shares in open market transactions will be the market price at the time of purchase or such other price as may be permitted by the TSX. Any private agreement purchases made under an exemption order, if applicable, may be at a discount to the prevailing market price. In accordance with TSX rules, any daily repurchases (other than pursuant to a block purchase exception) on the TSX under the renewed NCIB are limited to a maximum of 91,026 shares, which represents 25% of the average daily trading volume on the TSX of 364,105 for the six months ended July 31, 2025. Any shares that are repurchased are cancelled. From time to time when Thomson Reuters does not possess material nonpublic information about itself or its securities, it may enter into a pre-defined plan with its broker to allow for the repurchase of shares at times when Thomson Reuters ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Any such plans entered into with Thomson Reuters' broker will be adopted in accordance with applicable Canadian securities laws and the requirements of Rule 10b5-1 under the U.S. Securities Exchange Act of 1934, as amended. Thomson Reuters has historically maintained a disciplined capital strategy that balances growth, long-term financial leverage, credit ratings and returns to shareholders through dividends and share repurchases. The NCIB provides the company with a flexible way to provide returns to shareholders who choose to participate by selling their shares. Decisions regarding any future repurchases will depend on certain factors, such as market conditions, share price and other opportunities to invest capital for growth. Thomson Reuters may elect to suspend or discontinue share repurchases at any time, in accordance with applicable laws. Thomson Reuters Thomson Reuters (TSX/Nasdaq: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth and transparency. Reuters, part of Thomson Reuters, is a world leading provider of trusted journalism and news. For more information, visit SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements in this news release, including, but not limited to, statements regarding the company's plans to repurchase up to $1.0 billion of its common shares, are forward-looking. The words "will", "expect", "believe" and similar expressions identify forward-looking statements. While the company believes that it has a reasonable basis for making forward-looking statements in this news release, they are not a guarantee of future performance or outcomes and there is no assurance that any of the other events described in any forward-looking statement will materialize. Forward-looking statements are subject to a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from current expectations. Many of these risks, uncertainties and assumptions are beyond the company's control and the effects of them can be difficult to predict. You are cautioned not to place undue reliance on forward-looking statements which reflect expectations only as of the date of this news release. Except as may be required by applicable law, Thomson Reuters disclaims any obligation to update or revise any forward-looking statements. CONTACTS MediaGehna Singh KareckasSenior Director, Corporate Affairs+1 613 979 InvestorsGary Bisbee, CFAHead of Investor Relations+1 646 540 View original content to download multimedia: SOURCE Thomson Reuters View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Weekly Recap: 15 Finance Press Releases You Need to See
A roundup of the most newsworthy financial press releases from PR Newswire this week, including BitMine earning its spot as the third largest crypto treasury globally and an exclusive media rights agreement between Paramount and TKO. NEW YORK, Aug. 15, 2025 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed. The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download. BitMine Immersion (BMNR) ETH Holdings Exceed 1.15 Million Tokens, Valued in Excess of $4.96 Billion, and Largest ETH Treasury in WorldAs of August 10th at 10:59pm ET, the Company's ETH holdings total 1,150,263 at $4,311 per ETH (Bloomberg), making BitMine the largest ETH treasury in the world. Cardinal Health announces the addition of Solaris Health, the country's leading urology MSO, to The Specialty AllianceThe transaction accelerates Cardinal Health's growth strategy by adding over 750 providers to Cardinal Health's multi-specialty MSO platform, The Specialty Alliance. Cardinal Health will provide approximately $1.9 billion in cash to The Specialty Alliance to enable the acquisition and will own approximately 75% of The Specialty Alliance after its acquisition of Solaris Health. Paramount and TKO Announce Historic UFC Media Rights AgreementStarting in 2026, Paramount will exclusively distribute UFC's full slate of 13 marquee numbered events and 30 Fight Nights via its direct-to-consumer streaming platform, Paramount+, with select numbered events to be simulcast on CBS, Paramount's leading broadcast network. The seven-year term, which begins in 2026, has an average annual value ("AAV") of $1.1 billion. Chainlink and ICE Collaborate To Bring High-Quality Forex and Precious Metals Data OnchainHigh-quality FX and precious metals rates from ICE Consolidated Feed will serve as a contributor to the derived data set that Chainlink Data Streams provides to 2,000+ applications, leading banks, asset managers, and infrastructure in the Chainlink ecosystem. REMAX Teams Up With NFL Star Rookie Matthew Golden To Find Dream Home for His Grandmother"We're excited to share more about the process to 'Get Golden Home,' celebrating the relatable challenges and milestones of purchasing a home in today's market, on social media," shared Abby Lee, EVP of Marketing, Communications and Events at REMAX. First Financial Bank to Strategically Expand Presence in Chicago with the Complementary Acquisition of BankFinancialUpon completion of the transaction, BankFinancial's consumer, trust/wealth management and selected commercial credit lines of business will be incorporated into First Financial's respective business lines, and all BankFinancial bank employees will become First Financial associates. Survey: More Stressful Than a Wedding: First-Time Buyers Share the Shocks of HomeownershipA new survey from Nationwide reveals that recent first-time buyers found the experience more stressful than landing their first job, planning a wedding, or even finding a long-term partner. Ally commits over $150 million to workforce development initiatives to drive economic mobility"We recognize the future of work is evolving faster than ever, and the skills needed to succeed are rapidly changing, too. Through this giving, we are helping organizations open doors to new and expanded career opportunities that will remove barriers to sustainable employment," said Kathie Patterson, chair of the Ally Charitable Foundation and chief human resources and corporate citizenship officer at Ally. Castlelake Launches New Aviation Lending Entity: Merit AirFinanceMerit AirFinance seeks to provide separation between Castlelake's leasing and lending offerings as a new operating subsidiary focused on providing flexible, innovative debt solutions to airlines and leasing companies. Arlington Capital Partners Forms Neumo--a Champion of Government ModernizationNeumo offers a comprehensive suite of cloud-based solutions that help governments modernize operations and elevate the quality of services they provide to their communities. 'First-of-its kind' relationship: Highmark Health, Abridge announce unique collaboration to scale and deploy AI technologies across an entire payer-provider ecosystem"Abridge's platform will help us close care gaps by generating clinically useful and compliant documentation at various interaction points," said Bethany Casagranda, DO, MBA, president of AHN's physician organization and Chief Medical Officer for AHN. Young Homebuyers Banking on Refinancing Gamble: Nearly Two-Thirds of Gen Z and Millennial Buyers Depending on Future Rate Drops for Financial HealthAccording to the Truework 2025 Recent Homebuyer Report, more than half (56%) of all recent buyers said that refinancing to a lower rate is important or extremely important to their financial health, and 1 in 4 (25%) said the ability to refinance is "extremely important" to their economic well-being. Infosys Transforms ABN AMRO's Lending Process with nCino Platform ImplementationThis project strategically sought to transform ABN AMRO's loan origination and collateral management process by consolidating multiple legacy systems into a single, unified platform, enhancing ABN AMRO's ability to serve its customers and streamline operations. Platform-style games, direct-to-consumer distribution drive far-reaching shake-up of global gaming market--Bain & Company annual Gaming ReportThe global video game market reached $219 billion last year and is projected to grow by 4% annually through 2028, Bain projects. But it notes that the industry's growth is increasingly concentrated among top titles, many of which rely on user-generated content (UGC), cross-media IP ecosystems, and direct-to-consumer distribution models which sidestep traditional storefronts. Happy Money Study Reveals Gap Between Consumers' Financial Stress and Their Debt Management StrategiesWhile 36% of respondents cite paying down debt as a top financial goal, 21% say they've taken no steps in the past six months to manage debt or reduce financial stress and only 8% have consolidated or refinanced debt – a missed opportunity to save money on interest and expedite the payoff process. For more news like this, check out all of the latest finance-related releases from PR Newswire. Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most. Helping Journalists Stay Up to Date on Industry News These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists. Once they're signed up, reporters, bloggers, and freelancers have access to the following free features: Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more. Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger's next story. Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles. Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more. About PR Newswire PR Newswire is the industry's leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world. For questions, contact the team at View original content to download multimedia: SOURCE PR Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
