Financial Services

DBS Group CEO Tan Su Shan states the bank is already seeing significant returns from its AI investments, unlike many firms skeptical about AI profitability. DBS has integrated AI for over a decade, using 1,500 models across 370 use cases. AI is expected to boost revenue by over S$1 billion this year, up from S$750 million in 2024. DBS is leveraging AI to enhance financial services for institutional clients, improve risk management, and provide personalized financial advice through AI assistants like “DBS Joy.” Ongoing investment and employee reskilling are crucial to maximizing AI’s potential.

Renasant Corporation (RNST) declared a quarterly cash dividend of $0.23 per share, payable on January 1, 2026, to shareholders of record on December 18, 2025. The dividend increased by $0.01, signaling the company’s commitment to returning value to shareholders despite economic challenges. This decision reflects the bank’s stability and optimism regarding its financial health. Renasant, a Southeast-based financial institution with assets of approximately $26.7 billion, operates as Renasant Bank.

Horace Mann announced Lotus Elementary School in Illinois as the grand prize winner of its 2025 Ready. Set. Inspire. Classroom Makeover Sweepstakes, awarding them $25,000 for classroom renovations. The initiative aims to support educational environments. Additionally, 20 schools received $1,500 grants and 50 educators received $250 gift cards. Horace Mann, a financial services provider for educators, demonstrates its commitment to community enrichment through this program.

The “Smart Convergence North Latitude · Chairman Forum” successfully connected AI innovators with capital. Haikejin Group engaged with companies from the Zhongguancun AI North Latitude Community, exploring financing opportunities. Companies showcased AI advancements in industrial automation, aerospace imaging, cell drug development, and world model technology. Discussions focused on technological barriers, market prospects, and financing plans. Haikejin Group aims to provide full life-cycle financial services, potentially establishing a dedicated service point to support AI innovation and industrial growth. The event fostered government-bank-enterprise collaboration to boost the AI industry in Haidian District.

BlackRock Inc. has increased its stake in Freedom Holding Corp. (NASDAQ: FRHC) to 0.85%, valued at approximately $89 million, making them the second-largest shareholder. This investment reflects a growing confidence in Freedom Holding, also shared by other institutional investors like State Street Corp. Freedom Holding operates in 22 countries, providing a financial and digital ecosystem including Freedom Bank and Freedom Broker. Freedom Holding’s CEO, Timur Turlov, views this as validation of their business model and strategic value.

Washington Trust, the oldest community bank in the U.S., celebrates its 225th anniversary in 2025. Founded in Westerly, Rhode Island in 1800, the bank has evolved into a regional financial powerhouse, offering diverse services while prioritizing the prosperity of New England. To commemorate the milestone, the CEO will ring the Nasdaq Opening Bell with branches hosting customer appreciation events. Washington Trust remains committed to its communities through financial support and volunteerism.

The Bancorp, Inc. (TBBK) has successfully completed a $200 million offering of 7.375% Senior Notes due 2030, generating approximately $197 million in net proceeds. The Bancorp intends to use the funds to redeem existing senior notes, repurchase shares, and support general corporate purposes, including expansion of The Bancorp Bank, National Association. The notes, maturing on September 1, 2030, feature semi-annual interest payments and redemption options. Piper Sandler & Co. and Raymond James & Associates, Inc. managed the deal.

UBS Global Wealth Management US has opened a new flagship office in downtown Napa, California. This move signifies UBS’s increased commitment to the region and its affluent clientele within the Napa Valley economy. The 4,000-square-foot office features modern facilities and panoramic views. According to UBS executives, the new office is designed to enhance client service and integrate more deeply into the Napa community. UBS aims to provide exceptional service and personalized advice to meet client’s needs. UBS has operated in the Napa area for over 30 years.

LendingTree, Inc. (NASDAQ: TREE) will release its Q2 2025 earnings on July 31, 2025, after market close. A shareholder letter will be available on its investor relations website. A conference call will be held at 5:00 p.m. ET, featuring CEO Doug Lebda, to discuss financial highlights and future strategies. A live webcast and replay will be accessible on the company’s website. LendingTree operates a large online financial platform connecting consumers with financial partners for various financial products.

Caldwell, the executive search firm, expands its expertise in board governance and financial services with the addition of Simon Hall and Michelle De Biolley. Hall, specializing in Board & CEO and Financial Services, brings three decades of global experience. De Biolley, with over twenty years in investment banking, private banking, and private equity, also joins the firm. The move aims to strengthen Caldwell’s talent and support clients’ needs.