Shares of Goldman Sachs Group Inc (NYSE:GS) ended Friday session in red amid volatile trading. The shares closed down -2.08 points or -1.24% at $166.00 with 405.46 million shares getting traded. Post opening the session at $167.85, the shares hit an intraday low of $165.61 and an intraday high of $168.05 and the price vacillated in this range throughout the day. The company has a market cap of $65.71 billion and the numbers of outstanding shares have been calculated to be 405.46 million shares.
On Sept. 13, 2016 Hazeltree, the leading provider of integrated buy-side treasury management technology solutions, announced the launch of Hazeltree LiquidityWeb™, an integrated cash management and sweep technology platform. This next-generation platform provides a straight-through-process between buy-side firms and their preferred liquidity providers with the goal of seeking to maximize liquidity, increase yield and mitigate counterparty risk in an increasingly regulated environment.
“Senrigan has been leveraging Hazeltree’s fully integrated treasury solution to manage its cash, collateral and margin needs,” said Chris Nash, Chief Operating Officer of Senrigan Capital. “By adding Hazeltree LiquidityWeb, we replaced a multi-step end-of-day process of moving cash and subscribing to or redeeming from Goldman Sachs Asset Management’s family of money market funds with one secure and automated function,” added Nash.
“As a consequence of a tightening regulatory environment, banks are urging hedge funds and other buy-side firms to move cash balances away from their prime broker accounts. Hazeltree LiquidityWeb enables our clients to respond to these new challenges in an efficient manner that both captures unrealized alpha from operations and reduces cost,” said Sameer Shalaby, President and Chief Executive Officer of Hazeltree.
Shares of Mastercard Inc (NYSE:MA) ended Friday session in red amid volatile trading. The shares closed down -0.11 points or -0.11% at $99.36 with 1.08 billion shares getting traded. Post opening the session at $99.05, the shares hit an intraday low of $98.59 and an intraday high of $99.69 and the price vacillated in this range throughout the day. The company has a market cap of $108.29 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
On September 6, 2016 PayPal (PYPL) and Mastercard (MA) announced an important expansion of their long-standing partnership that will enhance the consumer experience by making Mastercard a clear payment option within PayPal, enable Masterpass as a payment option for Braintree merchants and expand PayPal’s presence at the point of sale. This will provide increased value to Mastercard cardholders, financial institutions and PayPal customers.
Under the expanded partnership, consumers and small businesses will be able to instantly cash out funds held in their PayPal accounts to a Mastercard debit card. PayPal will also be provided certain financial volume incentives and, as a result of the commitments made under this agreement, will no longer be subject to the digital wallet operator fee.
“Customer choice and partnership are fundamental principles for PayPal that guide how we operate as a company, giving our customers greater opportunities to more easily manage and move their money online, in app and in-store,” said Dan Schulman, president and CEO, PayPal. “With each partnership agreement that we sign, we further expand the ubiquity and value of the PayPal brand and improve our own economics. Mastercard has been a trusted partner for many years. By collaborating and innovating together we will continue to help move digital payments forward and improve payment experiences for our mutual customers.”
“Whether paying in the physical or digital world, consumers want to see the familiar Mastercard brand from their chosen issuer,” said Ajay Banga, president and CEO, Mastercard. “The expansion of the partnership with PayPal further reinforces our commitment to our billions of cardholders across the globe to provide them the choice to pay when, where and how they want while delivering the simple and secure payment experience they’ve come to expect from Mastercard.”