CenterWell Home Health regions recognized by American Diabetes Association for delivery of diabetes self-management education and support
Two of CenterWell Home Health’s four regions have been recognized by the American Diabetes Association (ADA) for delivering the best in self-management education and support for people with diabetes. With services offered in 38 states, CenterWell is the largest home…
Wells Fargo Issues Statement Regarding the Federal Reserve’s Stress Test Results
Wells Fargo & Company (NYSE: WFC) today announced that it has completed the 2023 Comprehensive Capital Analysis and Review (CCAR) stress test process. The Company expects its stress capital buffer (SCB) to decrease to 2.9%, which represents a percentage amount…
Prologis to Acquire 14MSF Blackstone Industrial Portfolio in $3.1 Billion Deal
Prologis, Inc. (NYSE: PLD) and Blackstone (NYSE: BX) today announced a definitive agreement for Prologis to acquire nearly 14 million square feet of industrial properties from opportunistic real estate funds affiliated with Blackstone for $3.1 billion, funded by cash. The…
Prosus delivers against strategic objectives and is on-track to achieve profitability target
In the second half of the year the Group made significant progress delivering on its strategic priorities, positioning it well for long-term value creation. The ongoing open-ended repurchase programme is creating significant value for shareholders and actions taken in H2…
Sutro Biopharma and Blackstone Announce Royalty Financing Collaboration
Sutro Biopharma, Inc. (NASDAQ: STRO), a clinical-stage oncology company pioneering site-specific and novel-format antibody drug conjugates (ADCs), and Blackstone (NYSE: BX), today announced the companies have entered into a royalty financing collaboration agreement where funds managed by Blackstone Life Sciences…
SoftBank Corp. and Nidec Jointly Develop Light-weight,High-efficiency and High-reliability Motor forHigh Altitude Platform Stations
SoftBank Corp. (TOKYO: 9434) (“SoftBank”) today announced that it and Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) have jointly developed a light-weight, high-efficiency, and high-reliability axial flux-type motor for High Altitude Platform Stations (“HAPS”). This newly…
Charles Schwab President Rick Wurster named Chair of Schwab Charitable™, President and Chair of Charles Schwab Foundation
Schwab Charitable™ and Charles Schwab Foundation today announce that Schwab President Rick Wurster has been elected to chair the organizations’ respective boards of directors and serve as President of Charles Schwab Foundation, effective July 1. Schwab Charitable is an independent 501(c)(3) non-profit…
Schwab to Launch the Schwab High Yield Bond ETF
Schwab Asset Management™, the asset management arm of The Charles Schwab Corporation, today announced the launch of the Schwab High Yield Bond ETF (NYSE Arca: SCYB). The first day of trading is expected to be on or about July 11.…
Ping An Bank Grants First Loan to Pioneering CCUS Project amounted RMB 180 million in China’s Steel Industry Supporting Technological Transformation for Carbon Neutrality
Ping An Bank, a subsidiary of Ping An Insurance (Group) Company of China, Ltd. (“Ping An” or the “Group”, HKEx:2318; SSE:601318), has disbursed the first installment of a loan to Baotou Iron and Steel Group Co., Ltd. under a RMB180…
BofA Data Finds Men’s Average 401(k) Account Balance Exceeds Women’s by 50%
Bank of America released its 2023 Financial Life Benefits® Impact Report (PDF), revealing that the average 401(k) account balance among men is 50% greater than women’s overall ($89,000 vs. $59,000). However, this gender imbalance is closing among younger generations. Baby Boomer…
BofA to Open Financial Centers in 9 New Markets by 2026
Bank of America today announced it will expand its financial center network into nine new markets over the next four years, bringing banking, investing, retirement, lending and small business services and solutions to more clients and communities. Through this expansion,…
Outstanding Bank of America USD LIBOR CMS Instruments Expected to be Calculated Pursuant to Fallback Provisions After June 30, 2023
Bank of America Corporation (“BAC”) (NYSE: BAC) and BofA Finance LLC (“BofA Finance”) have issued and outstanding certain debt securities and certificates of deposit, listed by CUSIP No. in the Annexes to this press release (the “USD LIBOR CMS Instruments”), that use the USD…