Streetbeat News

Regulatory

FNB

FNB has agreed to submit a remedial plan and retain an independent monitor to assess its lending practices and improve training. Additionally, FNB will open or acquire new branches in majority-Black and Hispanic areas in Charlotte and Winston-Salem, North Carolina, according to a court filing.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:08 pm

FNB

The U.S. government and North Carolina have filed a lending discrimination lawsuit against First National Bank of Pennsylvania. The bank has agreed to settle the case, according to a court filing.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:08 pm

SAN

Banco Santander shares are trading lower after a report indicated that Iran utilized Santander UK and Lloyds to secretly transfer funds, evading sanctions.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:07 pm

SPY

Fed's Goolsbee appeared live on Bloomberg TV, stating that the economy has been strong and inflation is under control. This statement could influence investor sentiment and market trends.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:06 pm

LYG

A spokesperson from Lloyds stated that the bank believes it has met all legal and regulatory obligations and, based on its own investigation, does not think it has breached any sanction requirements. This statement was reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:03 pm

OWPC

Isiah Thomas, CEO of One World Products Inc (OTC:OWPC), stated that Colombia's halted marijuana legalization is not affecting the company's operations. OWPC, operating in Colombia, continues its business as usual, with recent deals including manufacturing and distributing Smokiez Gummies and a partnership with Kx Family Care for CBD personal care products. Despite regulatory challenges, OWPC's international THC product plans remain on track. The company's stock saw a slight increase after this announcement.

Portfolio Pulse from Jelena Martinovic

February 05, 2024 | 3:00 pm

SPY

UBS

UBS has revised its forecast for the U.S. Federal Reserve to cut interest rates, now expecting a reduction in May instead of the previously anticipated March, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:53 pm

SNAP

Snap Inc. anticipates the majority of severance and related costs to occur in Q1 2024, with potential position eliminations varying by country due to local laws, possibly extending the process into Q2 2024 or beyond, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:10 pm

MDAI

Spectral AI, Inc. (NASDAQ:MDAI) published a Letter to Shareholders detailing progress towards commercialization of its AI-driven DeepView System for wound care. Highlights include a $149 million BARDA contract, plans for revenue generation in the next three years, FDA and UKCA marking of its technology, promising clinical study results, and strengthening of the management team and Board.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:10 pm

AIMD

Ainos has submitted a complete response to the US FDA to address deficiencies in its Investigational New Drug (IND) application for a Phase II trial of VELDONA, aimed at treating mild COVID-19 symptoms. This step is crucial for advancing the drug's development and potentially bringing a new treatment option to market.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:05 pm