Finance

Weekly Recap: 15 Finance Press Releases You Need to See

Published

7 months ago

May 23, 2025

Weekly Recap: 15 Finance Press Releases You Need to See

A roundup of the most newsworthy financial press releases from PR Newswire this week, including GoDaddy’s Most Entrepreneurial Cities of 2025 and new AI agents from Workday.

NEW YORK, May 23, 2025 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

PR Newswire Weekly Finance Press Release Roundup, May 19-23, 2025.

WesBanco, Inc. Expands Regional Presence with Conversion of Premier Financial Corp.
Marking the largest conversion in the bank’s history, WesBanco, Inc. announced the successful customer transition of approximately 400,000 consumer and 50,000 business relationships, along with the branding and operations of approximately 70 financial centers, from Premier Financial Corp. to WesBanco.
The Most Entrepreneurial Cities of 2025 Prove Size Doesn’t Matter
New GoDaddy data reveals unexpected hotspots fueling the United States’ entrepreneurial spirit, revealing that both small and large cities are driving innovation.
Finastra to Sell Treasury and Capital Markets Division to Apax Funds
Upon completion of the transaction, Finastra’s Treasury and Capital Markets (TCM) business will be rebranded and operated as a standalone business. With a client base of over 340 financial institutions, TCM is a trusted enabler of risk management, regulatory compliance, and capital markets operations.
Workday Unveils Next Generation of Illuminate Agents to Transform HR and Finance Operations
“The key to unlocking real business value with AI is to actively reshape the very core of how businesses operate,” said Gerrit Kazmaier, president, product and technology, Workday. “Workday is helping our 11,000+ customers in that transformation by leveraging our deep HR and finance expertise to deliver agents that provide measurable business value and empower them to thrive in the future of work.”
Record-Breaking World Liberty Financial USD1 Stablecoin Unlocks Cross-Chain Capabilities With Chainlink
Backed by short-term U.S. government treasuries, U.S. dollar deposits, and other cash equivalents, the USD1 stablecoin has skyrocketed in record time to eclipse $2 billion in market capitalization.
Deloitte: Americans Plan to Travel More This Summer, but Trips May be Less Extensive
According to Deloitte’s 2025 Summer Travel Survey, more than half (53%) of Americans surveyed plan to travel and stay in paid lodging this summer, up from 48% last year. Many are making it work by taking more frequent, but shorter, trips. Americans continue to prioritize leisure travel, despite economic headwinds that may send summer travel plans in a new direction.
Caregivers Face Lasting Financial, Emotional and Career Impacts, Edward Jones Study Finds
Two in five U.S. adults identify as family caregivers, but there is a lack of support for caregivers nationwide, according to new research from Edward Jones in partnership with Morning Consult and Age Wave. Top financial concerns caregivers face include rising costs and inflation (56%) and inadequate retirement savings (42%).
PNC Bank Agrees to Acquire Aqueduct Capital Group to Complement Harris Williams Capabilities
“This acquisition is complementary to existing capital advisory capabilities provided through PNC’s subsidiary Harris Williams and will enable us to expand our ability to serve the global capital needs of the private equity industry,” said Michael D. Thomas, head of Corporate & Institutional Banking at PNC.
Fisher Investments Launches Fiduciary.com™: A New Resource to Help Investors Better Understand the Wealth Management Industry
Fiduciary.com provides investors with straightforward education about what a fiduciary is and isn’t, competing standards of care in the industry, and what to look for when hiring a wealth manager.
GM enhances loyalty program and unveils new GM Rewards™ Mastercard® from Barclays
The revamped loyalty program is simpler, and the new card provides customers more ways to earn and redeem GM Rewards points across GM brands for new vehicles, services, parts and accessories.
Southwest Gas Holdings Announces Launch of Secondary Public Offering of Centuri Holdings, Inc. Common Stock
Southwest Gas Holdings, as the selling stockholder, is offering 9,000,000 existing shares of Centuri’s common stock. Southwest Gas Holdings expects to grant the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of Centuri’s common stock.
Introducing CHASM: A Solution to Close the Gender Gap – Powered by the World’s Most Successful Men & Women
Powered by an invite-only membership, CHASM is a club of the most successful men and women in the world (each contributing $25,000 annually) that transforms their capital into change by helping women founders thrive. “With CHASM, we’re tackling the gender gap in an innovative way — by not isolating men, but by inviting them in. If 99.9% of the power, money, and influence still sits with men, they need to be part of the solution,” says CHASM founder Daniella Pierson.
Papaya Global Launches the First Enterprise Platform for Managing and Paying Global Contingent Workers
Papaya’s new platform – Contingent OS – is the first enterprise-grade solution built to unify the full external workforce lifecycle. It connects the dots between vendor management systems (VMS), payroll compliance, invoice verification, and instant global payments – enabling true end-to-end orchestration for contingent workforce programs at scale.
Synchrony Partners with the Independent Animal Hospital Association (IAHA) to offer CareCredit, Spotlighting Commitment to the Nation’s Independent Veterinary Hospitals
As the Independent Animal Hospital Association’s (IAHA) preferred financing partner, Synchrony’s CareCredit health and wellness credit card will be offered at the association’s more than 500 independent animal hospitals in more than 30 states.
Vanguard Releases New Book on Forces Shaping the Future Global Economy
The new book, Coming into View, introduces a groundbreaking, quantitative method in assessing the impact of megatrends on the global economy. The book offers bold new perspectives on the effects of AI, deficits, and demographic shifts for investors, financial advisors, and business leaders.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
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Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

About PR Newswire

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Finance

Israel’s Cabinet approves 19 new settlements in West Bank, finance minister says

Published

4 hours ago

December 21, 2025

Press Room

Israel’s Cabinet approves 19 new settlements in West Bank, finance minister says

Israel’s Cabinet approved a proposal for 19 new settlements in the occupied West Bank, the far-right finance minister said on Sunday.

The settlements include two that were previously evacuated during a 2005 disengagement plan, according to Finance Minister Betzalel Smotrich, who has pushed a settlement expansion agenda in the West Bank.

It brings the total number of new settlements over the past two years to 69, Smotrich wrote on X.

The approval increases the number of settlements in the West Bank by nearly 50% during the current government’s tenure, from 141 in 2022 to 210 after the current approval, according to Peace Now, an anti-settlement watchdog group. Settlements are widely considered illegal under international law.

The approval comes as the U.S. is pushing Israel and Hamas to move ahead with the new phase of the Gaza ceasefire, which took effect Oct. 10. The U.S.-brokered plan calls for a possible “pathway” to a Palestinian state — something Smotrich says the settlements are aimed at preventing.

The Cabinet decision included a retroactive legalization of some previously established settlement outposts or neighborhoods of existing settlements, and the creation of settlements on land where Palestinians were evacuated, Peace Now said.

Israel captured the West Bank, east Jerusalem and Gaza — areas claimed by the Palestinians for a future state — in the 1967 war. It has settled more than 500,000 Jews in the West Bank, in addition to over 200,000 more in contested east Jerusalem. About 15% of settlers are Americans.

The United Nations calls the settlements, which are scattered inside the West Bank and East Jerusalem, illegal.

Israel’s government is dominated by far-right proponents of the settler movement, including Smotrich and Cabinet Minister Itamar Ben-Gvir, who oversees the nation’s police force.

According to the U.N., settler expansion has been compounded by a surge of attacks against Palestinians in the West Bank in recent months.

During October’s olive harvest, settlers across the territory launched an average of eight attacks daily, according to the United Nations humanitarian office, the most since it began collecting data in 2006. The attacks, the U.N. reported, continued in November, with the agency recording at least 136 more by Nov. 24.

Palestinian officials said settlers burned cars, desecrated mosques, ransacked industrial plants and destroyed cropland. Israeli authorities have issued condemnations of the violence, but made few arrests.

Finance

Banks Could Favor A Higher XRP Price, Finance Expert Says

Published

16 hours ago

December 20, 2025

Press Room

Banks Could Favor A Higher XRP Price, Finance Expert Says

XRP has continued to trade lower as crypto prices weaken across the board, with the total market shedding more than $1.3 trillion since October.

During the past three months, XRP has dropped more than 30%, keeping pressure on sentiment even as some commentators argue the token’s purpose goes far beyond short-term price moves.

Retail Vs. Institutional Viewpoint

According to health and finance commentator Dr. Camila Stevenson, much of the debate around XRP misses how large financial players judge settlement tools.

Everyday traders tend to focus on charts and quick exits. Banks do not. They look at whether a system can handle stress, move large sums, and keep working when conditions worsen. Stevenson compared it to infrastructure testing, where strength and capacity matter more than the initial cost.

XRP Was Built For Flows

Based on reports from her recent video discussion, XRP was structured to act as a bridge for moving value, not as a speculative chip. With a fixed supply, the token cannot expand in quantity to meet higher transaction demand.

Stevenson said that leaves price as the only way to support larger volumes. Analyst XFinanceBull echoed this view, encouraging market watchers to think in terms of flows rather than daily price action. Price Alone Does Not Prove Use

Even so, market behavior still plays a major role. XRP trades in open markets, and speculation continues to influence price direction.

A higher price may improve efficiency, but it does not guarantee adoption. Stevenson pointed out that many institutions position through custodians, OTC desks, and private agreements.

These transactions often happen quietly and may not show up as sharp moves on public charts. Sudden spikes during positioning, she warned, would suggest instability rather than healthy use. Why Higher Price Helps

Stevenson argued that banks moving billions would rather use fewer units that each represent more value. Fewer tokens can mean simpler settlement and less risk of slippage during busy periods.

Large financial systems tend to fail when money cannot move or when settlement slows, not when prices fall. In that context, a higher XRP price could support smoother transfers if volumes rise enough to test the system.Market Reality Remains Mixed

Despite the theory, clear proof of large-scale institutional demand remains limited. Regulation, liquidity depth, and reliable access still shape whether banks commit real volume.

XRP’s 33% slide over recent months shows how quickly sentiment can shift, even as long-term use cases are debated. The idea that banks prefer a higher XRP price rests on future scale, not current trading patterns.

Featured image from Unsplash, chart from TradingView

Finance

Crunch Fitness, Petland could get a new neighbor at Pensacola Square

Published

1 day ago

December 20, 2025

Press Room

Crunch Fitness, Petland could get a new neighbor at Pensacola Square

The Pensacola Square shopping plaza, which includes businesses such as Hobby Lobby, Books-A-Million and Crunch Fitness, may be getting a new tenant.

Alabama-based loan agency Regional Finance is looking to open its first Florida branch at unit 117 of Pensacola Square.

Regional Finance has over 350 branch locations across 19 U.S. states at this time, including Alabama, Georgia, Mississippi and North Carolina, and they provide a range of services to their clients, ranging from personal and auto repair loans to furniture, appliance and travel loans.

They submitted an application to the city in order to conduct alterations on the space, which is located next to Petland inside the plaza, and the plans are still under review by city officials at the time of writing.

moved onto a new chapter with the addition of national gym franchise Crunch Fitness, which is bringing flocks of people into the southern half of the plaza since it opened off North Davis Highway.

Plans submitted to the city of Pensacola show it could get a new tenant soon. However, this addition may not appeal to as many potential customers as its neighbors.

If the plans for their first Florida branch are approved, the loan agency will join a plaza with multiple popular businesses, including Hobby Lobby, Beall’s and Petland, that still has room to grow.

Trader Joe’s even showed interest in leasing a space inside the plaza at one point, according to a showcase of the property by Cushman & Wakefield.

Crunch Fitness, a gym that signed a 15-year lease for its space, is has help revitalizing interest in Pensacola Square, along with recent additions like Fuji Sushi & Grill & Hotspot as well as incoming tenants like Concentra.

Concentra, one of the top occupational health services providers in the U.S., will open inside the former home of Rainbow clothing.

While the address for the project is 6235 N. Davis Hwy, the alterations won’t be carried out on the Hobby Lobby and Books-A-Million chunk of the plaza.

That section was purchased last year for $7 million by Destiny Worship Center, a not-for-profit corporation based in Destin with locations in Crestview, Freeport, Fort Walton Beach and Panama City Beach but none in Pensacola, sparking concern that the businesses would be replaced by a new church.

Rob Bell, senior advisor and asset manager for Bellcore Commercial, who represented Destiny Worship Center in the sale, emphasized this week that it’s still unlikely Hobby Lobby will leave the plaza anytime soon because they still hold a long-term lease inside the building.