Finance & Banking · Week of Oct 26, 2026
Debt deals, insurance M&A and Q3 results: the week in finance
Debt financing, an insurance acquisition, a CIO appointment and quarterly results headed a mixed week of finance and banking announcements.
There was no single theme across this week's releases. The largest items were deal-related: iQSTEL closed up to $3 million in two-year senior secured, non-convertible notes tied to its Ultranet West African telecom platform, and CopperPoint Insurance Companies completed its acquisition of General Indemnity Group to expand its surety and specialty insurance business.
Elsewhere, M&T Bank and Wilmington Trust named Brian Green Chief Investment Officer, Touchmark Bancshares reported a 39% rise in third-quarter net income, and Burford Capital set a November 4 date for its 3Q26 results. Klarna added payments at retailer Adorama, Metallium's U.S. subsidiary signed a non-binding MOU with Traxys North America, and the NYSE published its daily pre-market update.
iQSTEL
IQST - IQSTEL Closes Two-Year Non-Convertible Financing for Ultranet, a Profitable $131 Million-Revenue West African Telecom Platform Expected to Make IQSTEL Cash-Flow Positive on a Consolidated Basis
iQSTEL closed up to $3 million in two-year senior secured, non-convertible promissory notes for Ultranet, which it says generated $130.9 million in 2025 revenue, up 30%, with $5.0 million in EBITDA and $4.6 million in net income. The company says the financing has no conversion feature and that Ultranet is expected to make iQSTEL cash-flow positive on a consolidated basis.
M&T Bank Corporation; Wilmington Trust
M&T Bank and Wilmington Trust Name Brian Green New Chief Investment Officer
M&T Bank Corp. (NYSE: MTB) named Brian Green Chief Investment Officer for M&T Bank and Wilmington Trust. The company says he will direct investment strategy across both businesses.
Burford Capital Limited
Burford Announces Date for Release of 3Q26 Financial Results and Results Call Registration and Participation Details
Burford Capital will release its financial results for the three and nine months ended September 30, 2026 on Wednesday, November 4, 2026, at 8.00am. The company has also published registration and participation details for its results call.
CopperPoint Insurance Companies
CopperPoint Completes Acquisition of General Indemnity Group, Expanding Nationwide Surety and Specialty Insurance Capabilities
CopperPoint Insurance Company completed its acquisition of General Indemnity Group. CopperPoint says the deal adds commercial and contract surety expertise and nationwide reach for agents, brokers and customers.
Metallium Ltd.
Metallium's US Subsidiary Flash Metals USA Signs Non-Binding MOU with Traxys North America to Advance U.S. Critical Metals Commercialization of Metallium's Flash Joule Heating Platform
Metallium's wholly owned U.S. subsidiary, Flash Metals USA, signed a non-binding Memorandum of Understanding with Traxys North America LLC. The two will evaluate opportunities to commercialize U.S. critical metals using Metallium's Flash Joule Heating platform.
Adorama
Klarna's flexible payment options now available at Adorama, giving creators more ways to fuel their next project
Adorama and Klarna said Klarna is now available as a payment option on Adorama.com. The companies say availability on sister sites, including Scuba.com, is also covered by the announcement.
New York Stock Exchange
NYSE Publishes 'The Busiest Room on Wall Street': NYSE Content Update
The New York Stock Exchange published its daily pre-market update from the NYSE Trading Floor, titled 'The Busiest Room on Wall Street'. The NYSE says the advisory provides market insights ahead of the open.
Touchmark Bancshares, Inc.
TOUCHMARK BANCSHARES, INC. REPORTS THIRD QUARTER 2026 RESULTS
Touchmark Bancshares (OTCID: TMAK), holding company for Touchmark National Bank, reported third-quarter 2026 net income of $849,000, or $0.19 per diluted share, compared with $609,000, or $0.13 per share, a year earlier. The company says net income rose 39%.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Stream Bulletin reporting.