Category Banking

Wells Fargo Investment Institute 2023 Midyear Outlook: Navigating end-of-cycle turbulence

 Wells Fargo Investment Institute (WFII) has released its “2023 Midyear Outlook: Navigating end-of-cycle turbulence.” The report discusses WFII’s guidance to remain defensive in portfolio positioning, as the current economic slowdown is likely to evolve into a moderate recession during the…

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Avion Rewards wins two prestigious 2023 International Loyalty Awards

Royal Bank of Canada (RBC) is proud to announce that Avion Rewards, the largest proprietary loyalty program in Canada, has been recognized with two 2023 International Loyalty Awards, including “International Loyalty Program of the Year (Global Regional Winner – Americas)” and “Best Loyalty/Benefits in a…

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BofA Surpasses $500 Million in Equity Investments to Support Minority and Women Entrepreneurs

Bank of America today announced that it has committed more than $500 million in equity investments to minority- and women-led funds, more than doubling its initial $200 million commitment.   The bank has committed equity to more than 150 funds, which to…

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The NFL Secures $78 Million in Loans from Minority Banks, Strengthening Support for Diverse Business Owners

The NFL today announced it is borrowing $78 million from 16 Minority Depository Institutions (MDIs), Community Development Financial Institutions (CDFIs) and minority- and women-focused banks to support and expand business opportunities with diverse enterprises across the country. The League worked with Bank…

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J.P. Morgan Launches Sustainable Investment Data Solutions for Institutional Investors

J.P. Morgan Securities Services announced today the launch of its Sustainable Investment Data Solutions for institutional investors, available through Fusion by J.P. Morgan. The solution will enable investors to readily extract value from sustainable investment data supplied by providers through technology-enabled normalization, management, calculation,…

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Applied Capital LLC FL Adds Toronto-Dominion Bank as Top 30 Investment Position with $1.6 Million Worth of Shares

Applied Capital LLC FL Adds 24,706 Shares of Toronto-Dominion Bank Worth $1.6 Million in Its Investment Portfolio Applied Capital LLC FL has recently added a new position to its investment portfolio by acquiring 24,706 shares of The Toronto-Dominion Bank (NYSE:TD)…

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Georgetown University Survey Finds 65% of Young Adults Highlight Paid Time Off as the Top Benefit for Choosing an Employer

A survey conducted by Georgetown University, in partnership with Bank of America, found that young adults looking to change job/fields cite paid time off (65%) and a flexible work schedule (58%) among the top benefits impacting their choice of an…

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Discretionary spending weak again in May and signs of parents needing to work more hours

The CommBank Household Spending Intentions (HSI) Index rose 3.1 per cent in original terms in May and recovered April’s public holiday-induced decline, but with clear evidence of weakening discretionary spending. Health & fitness, Home Buying and Transport led the spending categories with…

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