Category Press Releases

Allianz X Invests in NEXT Insurance’s USD 265 Million Financing Round and Expands Strategic Relationship

Allianz X, the digital investments arm of global insurer and asset manager Allianz Group, has announced an investment in NEXT Insurance, a leading, technology-first small business insurer in the United States. Insurer Allstate is also investing, bringing the strategic round…

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Progressive Surpasses 1,000 Vehicles Donated to Military Families with 11th Annual Keys to Progress Program

Progressive Insurance® announced its 11th annual Keys to Progress® vehicle giveaway will take place on November 8, 2023. Ahead of Veterans Day, 82 veterans, military-related organizations, and veteran-owned small business owners across the country will receive the keys to vehicles that will provide…

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Spontaneous Family Wealth Discussions and Decisions Can Lead to Regrets, Finds Merrill Study

Nearly four in five wealthy families have had unplanned discussions about wealth with 26% later regretting it, according to a new study published by the Merrill Center for Family Wealth™, a part of Merrill Private Wealth Management. The research found…

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Euromoney survey recognizes J.P. Morgan Payments as global market leader for USD cash management

The 2023 Euromoney Cash Management Financial Institutions Survey has ranked J.P. Morgan as global market leader for the first time. The Firm rose in the rankings from fourth place in 2022 to take the top spot this year. Alongside this prestigious…

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SoftBank Corp.’s “HAPS Radiowave PropagationPrediction Method for Design of Systems”Adopted as Global Standard by ITU-R

SoftBank Corp. (President & CEO: Junichi Miyakawa, “SoftBank”) announced it developed a new “Model for Predicting Direction of Radiowaves Arriving at Mobile Station” as part of its “HAPS Radiowave Propagation Prediction Method for Design of Systems,” which is necessary for…

Read MoreSoftBank Corp.’s “HAPS Radiowave PropagationPrediction Method for Design of Systems”Adopted as Global Standard by ITU-R

Morgan Stanley Announces Ted Pick to Become Chief Executive Officer on January 1, 2024; James Gorman to Become Executive Chairman

The Board of Directors of Morgan Stanley (NYSE: MS) today announced that Co-President Edward (Ted) Pick will become the Firm’s Chief Executive Officer, effective January 1, 2024. James Gorman will become Executive Chairman. Mr. Pick will also join Morgan Stanley’s…

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As Part of $100 Million Investment in Rural Communities, Goldman Sachs 10,000 Small Businesses Launches in Arkansas

Goldman Sachs 10,000 Small Businesses today announced it has expanded its $100 million Investment in Rural Communities initiative to Arkansas and is making a $20 million commitment to community development financial institution (CFDI) Hope Enterprise Corporation to foster job creation and help…

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Fixated on Fixed Income: Millennial ETF Investors Stand out From the Pack for Their Interest, Intentions and Investments in Fixed Income ETFs

Fixed income has been in focus this year and surprisingly, Millennial ETF investors are gravitating toward this asset class more than their older peers, according to the 2023 edition of “ETFs and Beyond,” an annual study by Schwab Asset Management™.…

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Mastercard elevates Priceless experiences at reimagined “Mastercard Midnight Theatre” multisensory performance venue in NYC

This fall, Mastercard is expanding its presence at the cutting-edge Midnight Theatre in New York City. Visitors will enjoy new multisensory offerings, special events, discounts and experiences created exclusively for Mastercard cardholders, as well as a new name on the…

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Allianz Social Resilience Index:From cost-of-living crisis to AI—unveiling the dynamics of social risk

The times they are a-changin’, wrote Bob Dylan in his classic song, capturing the enduring essence of transformation that our world has perpetually confronted. This year, the ripple effects of the ongoing cost-of-living crisis have deepened the divide between advanced…

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