Bank of America yesterday announced that its Customized Cash Rewards credit card now offers more ways for cardholders to earn cash back in a category of their choice, with the expansion of two of its popular 3% cash back categories:…
J.P. Morgan Payments Yesterday announces the launch of Tap to Pay on iPhone for its merchant clients in the U.S. The solution allows merchants to accept contactless payments using their iPhones, without the need for a dedicated payments card reader or…
Wells Fargo & Company (NYSE: WFC) yesterday announced dividends on eight series of preferred stock. A quarterly cash dividend of $18.75 per share was declared on its 7.50% noncumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000…
Bank of America announces the completion of the first ever debt-for-nature transaction in Continental Africa to refinance $500 million of sovereign debt of the Gabonese Republic (“Gabon”). The transaction will enable the country to contribute $125 million in new funding…
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 (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…
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 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…
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…
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.…
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…
Commonwealth Bank today announced the launch of a police referral pilot in NSW. The pilot is an Australian-first and will set new standards for how banks report technology-facilitated abuse to law enforcement. Building on its use of artificial intelligence and…
