Finance, Banking & Insurance

Frankfurt am Main – November 04, 2026 -- KfW Bankengruppe lifted new commitments in its core promotional business by €26.5 billion, or about 43%, to a record €87.9 billion in the first nine months of 2026, against €61.4 billion a year earlier. All business segments contributed to the increase.

Group profit reached €1,399 million, more than double the €647 million of January-September 2025. The economic result, defined as group profit before IFRS effects, promotional expense and taxes, rose to €2,032 million from €1,364 million.

Domestic promotion climbs 39% to €57.0 billion on building and SME demand

Domestic commitments totaled €57.0 billion, up from €40.9 billion. Demand spanned the full range of building-efficiency products, including heating support, while SME customers sought climate, environmental, digitalization and innovation financing. KfW Capital committed €631 million to fund investments, up 72% from €366 million.

Dallas – November 04, 2026 -- Prospera Financial Services has added Cornerstone Wealth Management, a Rochester, New York, practice with $600 million in assets under management and clients in 25 states, to its independent advisor platform.

Eight advisors and two support staff make the move

Cornerstone's founding members, Marc Johnson and Gene Richardson, are bringing six other financial advisors and associate advisors with them. Two members of the firm's support staff are also joining Prospera.

The practice focuses on retirement planning, estate strategies, risk management and multi-generational wealth management for families and individuals.

Johnson and Richardson bring nearly 75 years of combined experience

The two founders have worked through events ranging from Black Monday in 1987 to the COVID-19 pandemic. Their team's background spans large wire houses and independent wealth management firms.

Washington – November 04, 2026 -- Fannie Mae has awarded a pool of 1,179 non-performing loans with an aggregate unpaid principal balance (UPB) of $252,413,010 to TRF Loan Acquisition, LP, in its twenty-ninth non-performing loan sale. The transaction, announced on October 8, 2026, is expected to close by December 15, 2026. BofA Securities, Inc. marketed the sale with Fannie Mae.

Pool averages $214,091 per loan at a 50% BPO loan-to-value ratio

The weighted average note rate on the pool is 4.56%. The weighted average loan-to-value ratio, based on broker's price opinions (BPO), is 50%.

Cover bid reaches 97.084% of UPB, or 48.44% of BPO

The cover bid, the second-highest offer for the pool, came in at 97.084% of UPB. Against BPO values, it equaled 48.44%. The source does not disclose the winning bid price.

Chicago – November 04, 2026 -- Mesirow served as exclusive financial advisor to Canworks, Inc. in its sale to private equity firm Mason Wells. The release did not disclose financial terms.

Canworks operates five U.S. plants printing directly on aluminum cans

Brothers Ryan and Marshall Thompson founded Canworks in 2020. The company prints directly onto aluminum cans for beverage brands, co-packers, brokers and distributors. Its customers span energy, wellness, hydration, craft beer, CBD and cannabis, ready-to-drink cocktails, seltzers, ciders and kombucha.

Canworks runs facilities in Texas, Georgia, California, Missouri and Connecticut. It sells short-run flexibility, fast turnaround times, premium graphic design and technical support.

MIAMI – – November 04, 2026 -- American Bitcoin Corp. (Nasdaq: ABTC) swung to a third-quarter 2026 net income of about $126 million from a net loss of about $57.2 million in Q2, and reported Adjusted EBITDA of about $221 million versus an Adjusted EBITDA loss of about $45.0 million in the prior quarter.

The company raised its Bitcoin holdings by about 425 BTC, or roughly 5%, to about 8,427 BTC as of September 30, 2026, from about 8,002 BTC on June 30. Satoshis Per Share rose about 5%, from about 10,989 to about 11,572. Management said the gains came without issuing shares through its ATM program and without buying Bitcoin during the quarter.

New York – November 04, 2026 -- SVRN, Inc. (NASDAQ: SVRN) has appointed Patrick O'Kain as Chief Operating Officer, effective November 3, 2026, replacing David Schwed, who held the post since October 2025 and becomes Senior Advisor on January 1, 2027.

O'Kain brings 20 years across venture capital, advisory and law enforcement

O'Kain joins from Borderless Capital, a digital asset investment firm, where as General Partner he led development and management of the venture fund business, covering fundraising, investments and operations. Earlier, he helped establish and scale KPMG's crypto advisory practice, serving banks, fintechs and other institutional clients on digital asset products, blockchain infrastructure and regulatory strategy.

New York – November 05, 2026 -- TSV LLC supported the first trades of a tokenized U.S. stock under the SEC's Innovation Exemption, with DRW Cumberland buying tokenized Canton Strategic Holdings (NASDAQ: CNTN) common stock from existing shareholder Five North on Tradecraft, the automated market maker (AMM) protocol that powers the venue.

Fairmint records tokenized CNTN shares as Flowdesk supplies liquidity

Fairmint TA LLC, an SEC-registered transfer agent, recorded the shares in token form in Five North's verified Loop Wallet. Flowdesk Liquidity Solutions LLC provided liquidity for the permissioned pool. Fairmint, which is Canton Strategic Holdings' transfer agent, also maintains the official onchain ownership record, runs the allow list of verified holders and wallets, and applies the company's transfer controls.

ABU DHABI – November 05, 2026 -- Soter Insure, a specialist insurer for the digital asset economy, has added SC Ventures, the ventures arm of Standard Chartered, and Japan's SBI Group as strategic investors in the second close of its Galaxy-led Series B.

Token Bay Capital, a Soter backer since the Series A, also made a follow-on investment. Coinbase Ventures, Franklin Templeton and Brevan Howard Digital joined the first close, announced in July 2026. The announcement did not disclose the round size.

Soter Insure targets more capacity, underwriting depth and three expansion regions

Proceeds will increase insurance capacity and deepen underwriting and technology capabilities. Soter plans to expand into mature and emerging digital asset markets, including Asia-Pacific through its Hong Kong presence, Europe and the US.

RICHARDSON, Texas – November 05, 2026 -- Texans Credit Union, which manages more than $2.6 billion in assets, ranked No. 6 among midsize companies on The Dallas Morning News' 2026 Top Workplaces D-FW list, its fourth consecutive year on the ranking.

Employee feedback survey determines the Top Workplaces D-FW ranking

The program is in its 18th year and recognizes North Texas employers for employee engagement and satisfaction. Energage, an independent firm focused on employee engagement and organizational performance, collected and analyzed confidential employee feedback in partnership with The Dallas Morning News.

CEO David Frazier ties the ranking to employee experience during growth

Frazier, president and CEO, said the recognition reflects the experience employees have even as the credit union grows. He cited employee support, growth opportunities and recognition of individual contributions as priorities.

Manama – November 05, 2026 -- The fourth edition of Gateway Gulf, hosted by the Bahrain Economic Development Board (Bahrain EDB), closed with USD 22.3 billion in announcements, partnerships and deals. More than 110 announcements were made over two days across financial services, technology, logistics, manufacturing, tourism, aviation, energy and water, healthcare and education.

Four projects worth USD 3.89 billion receive Bahrain's Golden License

The four large-scale projects carry a cumulative value of USD 3.89 billion. Bahrain EDB said they advance connectivity, innovation and economic diversification.

More than 75 agreements and MoUs signed at the forum

Over 75 agreements and memoranda of understanding were signed across the two days. Deals moved from the main Plenary Stage to the Manama Circle signing stage.