Independent Bank is a state-chartered bank based in McKinney, Texas founded in 1913 and a wholly-owned subsidiary of Independent Bank Group, Inc., a publicly traded bank holding company. Independent Bank offers personal and business banking services including personal loans, mortgages, auto loans, commercial loans and lines of credit, merchant services, credit cards, wealth management services, estate planning, and other banking and financial services. Independent Bank serves customers with location throughout Texas and Colorado
Bank of England keeps rates steady, sees further loosening as jobs market weakens
The Bank of England held interest rates at 4.25% as expected on Thursday but said it was focused on risks from a weaker labour market and higher energy prices as conflict in the Middle East escalates....
BMO to buy Burgundy Asset Management in $625 million all-share deal
BMO Financial Group has signed a deal to buy Burgundy Asset Management Ltd. for $625 million in shares. Burgundy provides discretionary investment management for private clients, foundations, endowmen...
Coinbase is seeking regulatory approval to offer blockchain-based stock trading
Coinbase, the leading crypto exchange in the U.S., is reportedly seeking regulatory approval to offer “tokenized equities” on its platform, a move that would put the company in direct competition with...
Payrails Raises $32 Million to Streamline Enterprise Payments
Berlin-based payment software FinTech Payrails has raised $32 million in new funding.
The company’s Series A round, announced Thursday (June 12), will help the company speed product innovation and exp...
Peak private equity? Sector gets defensive about its ability to generate top returns
There was plenty of enthusiasm for the fundraising and dealmaking outlook at this year’s SuperReturn conference of private equity professionals, but also an acknowledgment that the IPO market has stal...
Klarna takes on banks with debit card as it diversifies beyond buy now, pay later
Klarna is piloting a debit card called Klarna Card in the U.S. The card will also launch in Europe later this year. The Swedish fintech has been trying to shift its image from “buy now, pay later” pos...
California passes bill to accept crypto for state payments
California has taken a step closer toward embracing crypto after a bill allowing state departments to accept digital currencies sailed through the state’s lower house with a unanimous vote and is now ...
This top U.S. economist puts the chance of a 'stagflationary' recession at 65%
A leading economist contends a recession is now more likely than not due to the Trump administration’s trade wars, and that the U.S. could suffer the biggest “stagflationary” shock in decades. “We may...
Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows
The personal consumption expenditures price index, the Federal Reserve’s key inflation measure, increased just 0.1% for the month, putting the annual inflation rate at 2.1%. Core inflation also was at...
China cuts benchmark lending rates for the first time in 7 months in Beijing’s growth push
The People’s Bank of China trimmed the 1-year loan prime rate to 3.0% from 3.1%, and the 5-year LPR to 3.5% from 3.6%. A slew of state-backed commercial lenders moved to cut their deposit rates by as...