Wells Fargo Announces Transition Information for Outstanding U.S. Dollar LIBOR-Linked Instruments
Wells Fargo & Company (NYSE: WFC) (“Wells Fargo”) and certain of its consolidated subsidiaries have issued debt securities, certificates of deposit, trust preferred securities and preferred stock and related depositary shares that reference the London Interbank Offered Rate (LIBOR) for…
Jeff Hogan joins the Corporate & Investment Bank as Co-head of Global Mergers & Acquisitions
Wells Fargo & Company (NYSE: WFC) today announced that Jeff Hogan has joined the Corporate & Investment Bank (CIB) as co‑head of Global Mergers & Acquisitions (M&A) within the Banking division. He will co‑lead the M&A team with David DeNunzio, who has led…
Bank of America Announces Redemption of 1.486% Fixed/Floating Rate Senior Notes Due May 2024
Bank of America Corporation announced today that it will redeem on May 19, 2023 all $1,000,000,000 principal amount outstanding of its 1.486% Fixed/Floating Rate Senior Notes, due May 2024 (CUSIP No. 06051GJC4) (the “Notes”), at a redemption price equal to 100%…
Bank of America Opens Luxembourg Branch
In-country transaction banking operations launched in key financial hub Bank of America today announced that it has opened a new branch in Luxembourg, further strengthening its capabilities and the value it offers to clients in core markets. The launch means…
BofA Finds Younger House-Hunters Undeterred by What Many Believe is a Seller’s Market
Many hopeful homebuyers – especially those in their 40s and younger – are forging ahead with plans to buy homes despite believing the market favors sellers, according to Bank of America’s 2023 Homebuyer Insights Report (PDF). And while more than half…
Notice Concerning Change in Trade Name of Consolidated Subsidiary
SoftBank Corp. (“Company”) announced today that its subsidiary, Z Holdings Corporation (“Z Holdings”), resolved at its Board of Directors on April 28, 2023, to change its trade name as below, subject to the approval of partial amendments to Z Holdings’…
Replacement Rate for U.S. Law-Governed U.S. Dollar LIBOR-Linked Preferred Stock (and Related Depositary Shares), Debt Securities and Certificates of Deposit
announced today that, except for the instruments identified below, the U.S. law-governed U.S. dollar LIBOR-linked preferred stock (and related depositary shares) and debt securities issued by Morgan Stanley and Morgan Stanley Finance LLC, and certificates of deposit issued by Morgan…
Zurich confirms strong financial position
Zurich Insurance Group (Zurich) has published its Financial Condition Report 2022, reaffirming the strong financial position and robust balance sheet of the Group. The Group Swiss Solvency Test (SST) ratio was 267% as per January 1, 20231, up from 212% a…
Federal Budget 2023 preview: Government has ‘difficult challenge of meeting multiple goals
The Federal Government has “the difficult challenge of meeting multiple goals” when it hands down the 2023/24 Commonwealth Budget next Tuesday 9 May, says Commonwealth Bank of Australia’s Chief Economist Stephen Halmarick, while a sharply lower budget deficit is expected.…
PROLOGIS REPORTS STRONG FIRST QUARTER 2023 RESULTS
Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today reported first quarter results for 2023. Net earnings per diluted share was $0.50 for the first quarter of 2023 compared with $1.54 for the first quarter of 2022. In 2022, we had significant gains…
Ross B. Shuster to Join as CEO of Standalone Climate Technologies Business Following the Close of the Acquisition by Blackstone from Emerson
Blackstone (NYSE: BX) today announced that, upon close of the previously announced transaction through which private equity funds managed by Blackstone (“Blackstone”) will acquire a majority stake in Emerson’s (NYSE: EMR) Climate Technologies business, Ross B. Shuster will become Chief…
BBIX and BBSakura launch “OCX Hikari Internet 1G” with a maximum transmission speed of 1 Gbps
a subsidiary of SoftBank Corp. that operates an Internet Exchange (IX) business, and BBSakura Networks, Inc. (“BBSakura”), a network solutions provider and subsidiary of BBIX, will launch a new service menu with a maximum transmission speed of 1Gbps*1 for “OCX Hikari…