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…
Innovative Ways of Attracting and Serving Clients Draw Accolades for Merrill Wealth Management and Bank of America Private Bank
Bank of America Corp. today announced that its wealth management businesses, including Merrill Wealth Management and Bank of America Private Bank, have been recognized by multiple industry organizations for leadership in digital innovation and/or private banking. These recent awards spotlight…
Executive Leadership Team update
Chief Executive Officer of the Commonwealth Bank Matt Comyn has today announced the appointment of a new Group General Counsel and Group Executive Legal & Group Secretariat to the bank’s Executive Leadership Team. After three and half years with the…
KKR ANNOUNCES INTRA-QUARTER MONETIZATION ACTIVITY UPDATE FOR THE SECOND QUARTER
KKR today announced a monetization activity update for the period from April 1, 2023 to June 23, 2023. Based on information available to us as of today, with respect to the period through June 23, 2023, KKR has earned gross realized carried interest and…
Step into the Future: Realize Mobile and Pixel Canvas Enable Volumetric VideoPlayback in the Metaverse
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Optum Rx Expands Choice, Improves Affordability for Patients With Two Additional HUMIRA Biosimilars
Starting July 1, clients of Optum Rx will have access to three biosimilar alternatives for HUMIRA, a highly utilized biologic medication used in the treatment of autoimmune diseases. The Optum Rx standard formulary will include the following treatments at parity…
UnitedHealthcare Community Plan of Arizona Awarded NCQA’s Health Plan Accreditation and Long-Term Services & Supports Distinction
UnitedHealthcare Community Plan of Arizona has been awarded the industry-recognized Health Plan Accreditation and Long-Term Services and Supports (LTSS) Distinction by the National Committee for Quality Assurance (NCQA). NCQA accredits and certifies a wide range of health care organizations and…
Chris DeRosa, President, U.S. Government, Cigna Healthcare Assumes Leadership of Medicare and Individual & Family Plan Businesses
The Cigna Group announced today Chris DeRosa, President, U.S. Government, will assume leadership of Cigna Healthcare’s Medicare and Individual & Family Plan (IFP) businesses, as Chuck Berg, Senior Advisor, announces his departure. Mr. DeRosa is an accomplished leader with more than 30…
Allianz SE Supervisory Board Extends Mandates for Barbara Karuth-Zelle and Christopher Townsend through 2028
The Supervisory Board of Allianz SE announced today that it has extended the mandates of Allianz SE Board Members Barbara Karuth-Zelle (54), Group Chief Operating Officer, and Christopher Townsend (55), responsible for Global Insurance Lines, Global Commercial Insurance, Reinsurance, Anglo Markets, Iberia & Latin…
Chubb Appoints Michael O’Donnell Chief Operating Officer of Global Reinsurance
Chubb Limited (NYSE: CB) today announced that Michael O’Donnell has been appointed Chief Operating Officer, Global Reinsurance. Currently, he serves as Division President of Chubb Tempest Re USA. In his new role, O’Donnell will continue to have responsibility for the U.S. operations of…