EverBank Financial Corp and WaFd, Inc. have agreed to merge, combining their banking operations to form a larger, more profitable institution. The merger will result in WaFd, Inc. being the surviving entity, renamed EverBank Financial Corp, and trading under the ticker EVBK. This strategic move aims to improve profitability, with a projected 29% EPS accretion for WaFd shareholders by 2027 and a return on tangible common equity of about 15%. The combined bank will leverage complementary strengths in consumer and commercial banking, expand its branch network, and enhance wealth management services. The deal is expected to close in early 2027, pending regulatory and shareholder approvals.
Oracle's stock price has fallen 54% from its highest point, marking a significant decline. Historically, when Oracle experienced a similar drop, it took more than ten years for the stock to recover fully. This long recovery period highlights potentia...
Tenor OTC, a non-custodial lending platform powered by Morpho Midnight, has added Aerodrome's AERO token as collateral for fixed-rate borrowing on the Base network. This allows AERO holders to secure loans without selling their tokens, maintaining th...
An Amazon cargo plane operated by 21 Air overran the runway at Miami International Airport on Sept. 6, 2026, crashing into vehicles and killing at least five people while injuring five others. The Boeing 767-300, arriving from San Juan, Puerto Rico, ...
XLM crypto price rose 1.45% to approach the key $0.20 level, extending recovery from August lows near $0.155. Stellar recently integrated Tether's USDT0 stablecoin, enhancing liquidity and payment options on its network. This addition aims to increas...
Kamino Finance has launched a new borrowing market on the Solana blockchain that allows users to use bridged Zcash (ZEC) as collateral to borrow USDC stablecoins. This move expands Kamino's lending platform into non-native and privacy-focused assets,...
