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Eastern Union, one of the country’s largest commercial real estate finance firms, has promoted Jacob Lipoff to lead the company’s newly centralized QTS Banking and Capital Markets Division. Holding the title of executive managing director, he will manage the firm’s full scope of banking relationships. With the creation of this division, this component of the business has now been brought in-house. “Transactions deserve to be financed by the most suitable lenders, and clients deserve the best possible...

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First National Bank, the largest subsidiary of F.N.B. Corporation (NYSE: FNB), announced today that it has hired Joseph Cartellone as Executive Vice President, Director of Mortgage Services. Based in Pittsburgh, he reports to Barry Robinson, Chief Consumer Banking Officer for FNB. In this role, Cartellone oversees the division that provides comprehensive mortgage banking services to customers throughout FNB’s multi-state footprint, with nearly $3 billion in annual loan production volume. He will focus on the continued expansion of the unit and on enhancing...

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Ping An Insurance (Group) Company of China, Ltd. (“Ping An” or the “Group”, HKEx: 2318; SSE: 601318) is pleased to announce that its subsidiary Ping An Bank Co., Ltd. (“Ping An Bank“) is ranked 46th in The Banker’s Top 1000 World Banks, up nine places from last year. The Banker, owned by Financial Times, is the world’s premier banking and finance resource, read in over 180 countries. It is the key source of data and analysis...

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Citi, acting through Citibank N.A., has been appointed by Amryt Pharma Plc (“Amryt”) – a global, commercial-stage biopharmaceutical company dedicated to commercializing and developing novel therapeutics to treat patients suffering from serious and life-threatening rare diseases – to act as depositary bank for its American Depositary Receipt (“ADR”) programme. Amryt’s American Depositary Shares (“ADS”) trade on the Nasdaq Global Select market under the symbol “AMYT”. Each ADS represents five ordinary shares of the company. Amryt’s...

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Deutsche Bank and Google Cloud have agreed to join forces and form a strategic partnership that aims to redefine how the bank develops and offers its financial services. The partnership is unique in that it will not only deliver cutting edge cloud services to Deutsche Bank, but also enable co-innovation between the two companies to create the next generation of technology-based financial products for clients. Both parties have signed a Letter of Intent and plan...

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This year, the financial sector is facing significant upheaval as a result of the coronavirus pandemic. But even before the virus’s spread began to inflict serious damage on nations’ economies, banking institutions were set for a challenging year. Low interest rates are here to stay, the shadow banking sector continues to grow and consumers are expecting more and more of banks’ digital services. Banks’ ability to adopt new technologies and maintain strong customer relations matters...

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