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…

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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…

Read MoreMacquarie European Logistics Real Estate Fund closes with c. €260 million of investor commitments

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…

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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,…

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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…

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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,…

Read MoreCanadians eagerly adopting new First Home Savings Account (FHSA) to save and invest for their down payment – “phenomenal early uptake,” says RBC

CoreWeave Secures $2.3 Billion Debt Financing Facility led by Magnetar Capital and Blackstone to Meet Surging Demand and Ongoing Expansion of Specialized Cloud Infrastructure to Power AI

CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, today announced it has secured a $2.3 billion debt financing facility. The funding was led by Magnetar Capital and funds managed by Blackstone Tactical Opportunities (“Blackstone”) with strategic participation from leading…

Read MoreCoreWeave Secures $2.3 Billion Debt Financing Facility led by Magnetar Capital and Blackstone to Meet Surging Demand and Ongoing Expansion of Specialized Cloud Infrastructure to Power AI