Fulton Bank Collaborates with Rider University to Launch Banking Program for Students, Faculty, and Alumni
Fulton Bank, a subsidiary of Fulton Financial Corporation (NASDAQ: FULT), has unveiled a strategic partnership with Rider University to introduce an exclusive banking program tailored for its students, faculty, staff, and alumni. Serving as the official bank of Rider Athletics,…
Michael Solomon Elevated to Executive Vice President of Examinations and Membership Application Program at FINRA
FINRA has announced the promotion of Michael Solomon to the position of Executive Vice President of Examinations and Membership Application Program, effective immediately. Solomon, who rejoined FINRA in 2022 as Senior Vice President and Head of Examinations, has since taken…
BCA Research Appoints Jing Sima as Head of China Investment Strategy
BCA Research, Inc., a leading provider of independent macro investment research, has announced the appointment of Jing Sima as China Strategist. Sima, returning to BCA after serving two years as an investment consultant, brings extensive expertise in China’s monetary and…
KBRA Provides Ratings for SILAC Insurance Company and Sterling Investors Life Insurance Company
KBRA has assigned BBB insurance financial strength ratings to SILAC Insurance Company (“SILAC”) and Sterling Investors Life Insurance Company (“SILIC”), with a Stable Outlook for both ratings. These ratings reflect robust capitalization and positive growth trends in capital, supported by…
AM Best Confirms Credit Ratings for Nodak Insurance Group and NI Holdings, Inc. Members
AM Best has reconfirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) for the entities within Nodak Insurance Group (Nodak). The FSR outlook remains stable, while the Long-Term ICR…
Saudi’s MISA, Ant International Ink MoU for Saudi Business Growth, Digital Innovation
Saudi Arabia’s Ministry of Investment (MISA) has inked an MoU with Ant International to support its business expansion in the Kingdom. This agreement enables Ant International to establish a new entity in Saudi Arabia, enhancing collaboration with local partners and…
United Bankshares, Inc. Announces Acquisition of Piedmont Bancorp, Inc
United Bankshares, Inc. (“United”) (NASDAQ: UBSI), the parent company of United Bank, and Piedmont Bancorp, Inc. (“Piedmont”), the parent company of The Piedmont Bank, have officially announced a definitive merger agreement where United will acquire Piedmont. This strategic move will…
Lyceus Group Nominated for PR Campaign of the Year at the 2024 Mutual Fund & ETF Awards
Lyceus Group, a leading boutique public relations firm specializing in financial and professional services communications, is delighted to announce its selection as a finalist for the prestigious “PR Campaign of the Year” award at the upcoming With Intelligence 2024 Mutual…
Growth and EBITDA margin up. Plus, a €500M share buyback program launched
In Q1 2024, turnover reached €781.6 million, marking a 6.0% year-on-year increase. EBITDA for the same period was €361.7 million, up 8.6% year-on-year, resulting in an EBITDA margin increase of approximately +112 basis points. Forecasts for 2024 remain confirmed. Additionally,…
AM Best Under Review: North End Re (Cayman) SPC Credit Ratings with Developing Implications
AM Best has initiated a review with developing implications for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of North End Re (Cayman) SPC (NERC) based in the Cayman Islands. The recent…
Chesterbrook Community Foundation Receives $25,000 Donation from Cambridge Savings Bank to Support Local Youth Empowerment
Cambridge Savings Bank (CSB), a customer-centric full-service mutual bank boasting nearly $7 billion in assets, has announced a $25,000 donation to the Chesterbrook Community Foundation. The donation aims to support the renovation of the Chesterbrook Community Center, nestled within the…
Nick Stonestreet Appointed President of Financial Services at DLP Capital
DLP Capital, a renowned private real estate investment and financial services firm, has announced the appointment of Nick Stonestreet as its new President of Financial Services. With an extensive background spanning over 30 years in the financial services industry, Stonestreet…