• Newtek Enterprise Companies: All In (NASDAQ:NEWT)
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    Newtek Enterprise Companies: All In (NASDAQ:NEWT)

    kosmos111 Co-produced with Williams Fairness Analysis On January 6, 2023, Newtek (NASDAQ:NEWT) introduced it had accomplished its acquisition of Nationwide Financial institution of New York Metropolis. The latter, a nationwide monetary establishment, is 59 years previous. Asset supervisor Newtek, in the meantime, solely took off on the flip of the century. 1998, to be exact. Maybe that relative “new child on the block” standing is why it took so lengthy for the deal to shut. The 2 entities first introduced their intentions on August 2, 2021, greater than 5 quarters in the past. They have been ready to obtain approval from the Workplace of Comptroller of Foreign money (OCC). Some…