‘Stunning’ change to United’s colonoscopy coverage roils physicians and patients
When gastroenterologists learned in March that UnitedHealthcare plans to barricade many colonoscopies behind a controversial and complicated process known as prior authorization, their emotions cycled rapidly between fear, shock, and outrage. The change, which the health insurer will implement on June 1,…
Commonwealth Bank doubles AT1 issue to $1 billion, closes bookbuilding early
Commonwealth Bank of Australia CBA.AX on Wednesday doubled an AT1 hybrid security offering to A$1.55 billion ($1.05 billion) and closed book building for the issue six days ahead of schedule in a sign of appetite for the instruments written to zero during the…
CBA to tap credit investors for $750m
The Commonwealth Bank is marketing a new $750 million, ASX-listed tier one, or hybrid, security that will pay investors an interest rate of about 7 per cent based on prevailing short-term bank rates. The securities offer, titled PERLS XVI, is…
HDFC Bank turn ex-date for dividend; shares fall up to 2%
HDFC had declared a dividend of Rs 44 per share, whereas HDFC Bank had announced a dividend of Rs 19 per share. Shares of HDFC twins, Housing Development Finance Corporation (HDFC) and HDFC Bank slipped up to 2 per cent…
HDFC Bank, Telangana Government-Backed TASK Come Together to Promote Fresh Employment
HDFC Bank, India’s largest private sector bank, and Telangana Academy for Skill and Knowledge (TASK), a not- for-profit organisation under the Department of ITE&C, Government of Telangana have signed a Memorandum of Understanding (MoU) to promote employment of fresh graduates…
Royal Bank of Canada (RY) Set to Announce Quarterly Earnings on Thursday
Royal Bank of Canada (TSE:RY – Get Rating) (NYSE:RY) will be announcing its earnings results before the market opens on Thursday, May 25th. Analysts expect the company to announce earnings of C$2.87 per share for the quarter. Royal Bank of Canada (TSE:RY – Get…
Royal Bank of Canada Allocators Cut Most Crypto Stocks Last Quarter
Portfolio managers tied to the Royal Bank of Canada — the nation’s largest bank — slashed stakes across the majority of their crypto-related portfolios last quarter. Blockworks analyzed the RBC’s SEC filings totaling 34 affiliated entities (including outside asset managers…
Wells Fargo leads gains by big banks amid optimism for debt-ceiling deal
Wells Fargo & Co.’s stock WFC, -2.16% is rallying 5.3% as the biggest gainer among the U.S.’s six largest banks amid optimism in the broad equities market about a debt-ceiling agreement in Congress. It’s on pace for largest percent increase since July 15,…
Wells Fargo agrees to pay shareholders $1 billion to settle lawsuit
Wells Fargo has agreed to pay $1 billion to settle a class-action lawsuit from investors who claimed the bank hadn’t been honest about its progress in cleaning up its practices following a scandal involving opening fake accounts. If approved by the…
NCP signs an agreement with ICBC increasing its access to Chinese companies
The National Center for Privatization & PPP (NCP) signed a cooperation agreement with ICBC, the largest bank in the world in terms of total assets of about 5 trillion USD with more than 8 million corporate clients and 650 million retail…
Bank of America Awards $3 Million to Obama Foundation to Support Workforce Development Opportunities and Accelerate Positive Change in Chicago Communities
Bank of America today announced it has awarded a $3 million grant to the Obama Foundation to support its workforce development and community support initiatives, both of which are tied closely to the forthcoming Obama Presidential Center on Chicago’s South…
Bank of America Announces Accelerator Program that Provides Economic Opportunities to Entrepreneurs from Underrepresented Communities
Bank of America is pleased to officially launch its impact accelerator program named Bank of America Breakthrough Lab with the call for applications for the September 2023 cohort. The six-month program provides tailored mentorship, digital expertise, networking with industry experts…