Humana Foundation and Greater Louisville Inc. Partner to Address the Shortage of Regional Mental Health Providers
The Humana Foundation, philanthropic arm of Humana Inc.opens new window (NYSE: HUM) for the past 41 years, yesterday announced a partnership with Greater Louisville Inc. (GLI) to help small business mental health providers scale their operations and increase sustainable services to victims…
BofA Report Finds Average 401(k) Balances Up Nearly 10% in 2023; More Participants Taking Hardship Withdrawals
Bank of America released its Q2 2023 Participant Pulse (PDF), which found average 401(k) balances increased by $7,250 (9.6%) since the end of 2022. The report also found that a growing number of 401(k) participants are initiating withdrawals from their plans.…
Bank of America Announces Dividend Correction on Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U
Bank of America Corporation today announced a corrected dividend amount on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U, originally announced on July 14, 2023. The regular quarterly cash dividend is $22.05700 per depositary share and is payable on September…
Malcolm Price joins the Corporate & Investment Bank as Head of Financial Sponsors
Wells Fargo & Company (NYSE: WFC) yesterday announced that Malcolm Price has joined the Corporate & Investment Bank (CIB) as head of Financial Sponsors. He will jointly report to Tim O’Hara, head of Banking, and Scott Warrender, head of Coverage in…
CBA delivers improved financial outcomes through continued focus on customers
Commonwealth Bank has today announced a six per cent increase in cash net profit after tax in an improved result that reflects the Bank’s consistent focus on customers and disciplined operational and strategic execution, to deliver sustainable returns for shareholders.…
Our 2023 Climate Report
The Commonwealth Bank of Australia (CBA) remains committed to limiting climate change in line with the goals of the Paris Agreement and supporting Australia’s transition to a net zero economy by 2050. CBA’s inaugural Climate Report, released last year, outlined…
CBA to launch police referral pilot in NSW to address technology-facilitated abuse
Commonwealth Bank today announced the launch of a police referral pilot in NSW. The pilot is an Australian-first and will set new standards for how banks report technology-facilitated abuse to law enforcement. Building on its use of artificial intelligence and…
Macquarie European Logistics Real Estate Fund closes with c. €260 million of investor commitments
Macquarie Asset Management announced the final close of Macquarie European Logistics Real Estate Fund with approximately €260 million in investor commitments. Macquarie Asset Management’s first dedicated fund to the logistics real estate sector in Europe, was launched in 2021 to…
SoftBank Corp. Launches New Company to Develop Homegrown Large Language Models (LLM)
SoftBank Corp. (TOKYO: 9434, “SoftBank”) today announced it launched a new company to research and develop homegrown Large Language Models (LLM) specialized for the Japanese language. The fully operational company will also develop, market and provide generative AI services. First…
Ping An ranked 33rd in the Fortune Global 500 List, 1st among global insurance enterprises
Fortune has announced the 2023 Global 500 list. Ping An Insurance (Group) Company of China, Ltd. (“Ping An” or the “Group”, HKEx:2318; SSE:601318) ranked 33rd on the list with its revenue recorded USD181,566 million. The Group ranked 5th among global financial enterprises,…
RBC announces sponsorship with Taylor Swift | The Eras Tour, set to visit Toronto next year
The groundbreaking tour has been in high demand since kicking off earlier this year, bringing together generations of music fans and breaking sales records around the globe. Through RBC’s recently expanded Avion Rewards program, now open to all Canadians, members will…
Canadians eagerly adopting new First Home Savings Account (FHSA) to save and invest for their down payment – “phenomenal early uptake,” says RBC
Canadians are jumping at the chance to save and invest tax-free for their first home through the new FHSA (First Home Savings Account), according to the most recent data from RBC. “We’re seeing amazing interest in this new tax-free account,…