Wells Fargo Launches Down Payment Grant Program to Help Bridge Homeownership Gap
Wells Fargo Home Lending announced that it will offer $10,000 Homebuyer Access grants that will be applied toward the down payment for eligible homebuyers who currently live in or are purchasing homes in certain underserved communities in eight metropolitan areas. This…
Wells Fargo & Company Announces Full Redemption of its Series Q Preferred Stock and Related Depositary Shares
Wells Fargo & Company (NYSE: WFC) announced that on Sept. 15, 2023, it will redeem all 69,000 shares (the “Redeemed Series Q Preferred Shares”) of its 5.85% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series Q (the “Series Q…
SoftBank Corp. and Yamaha Conducting Joint Verification Trials for Remote Ensembles on SoftBank’s Commercial 5G Network Using SRv6 MUP
SoftBank Corp. (“SoftBank”) and Yamaha Corporation (“Yamaha”) announced they started joint verification trials for Yamaha’s remote ensemble service “SYNCROOM” on SoftBank’s 5G commercial network using Segment Routing IPv6 Mobile User Plane (SRv6 MUP). “SYNCROOM” is Yamaha’s service that allows remote…
Mastercard and Ukrainian brand BEVZA launch limited-edition jewelry capsule collection exclusively on priceless.com
Mastercard announces a partnership with Ukrainian fashion brand BEVZA to launch KALYNA, a limited-edition jewelry capsule collection. Building on the company’s focus on supporting the Ukrainian people—and empowering Ukrainian entrepreneurship—the collection was designed to spotlight Ukrainian culture and artistry. The…
Optum and Capella University Announce New Nurse Practitioner Program To Address the Growing National Need for Skilled Clinicians
MINNEAPOLIS : Optum, a diversified health services company, and Capella University, an accredited online university, announced a new educational program designed to address the growing need for skilled, advanced practice nurses. The collaboration will pair Capella’s unique educational capabilities with Optum’s…
Elevance Health Announces John Gallina to Retire as CFO
Elevance Health (NYSE: ELV) announced yesterday that John Gallina will retire from his role as executive vice president and CFO later this year. Mark Kaye has been named executive vice president and CFO and will serve as a member of the company’s…
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…