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…
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…
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…
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…
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™.…
China Construction Bank Reports Operating Results for the Third Quarter of 2023
China Construction Bank Corporation (CCB) (Stock code: SH: 601939; HK: 00939) reported operating results for the third quarter of 2023 (The following data for the Group were denominated in RMB). In the first three quarters, CCB resolutely carried out the…
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…
Ping An Maintains Resilient Performance in 9M 2023
Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An”, the “Company” or the “Group”, HKEX: 2318 / 82318; SSE: 601318) announced its results for the nine months ended September 30 2023. In the first nine months of 2023,…
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…
United Health Foundation Awards $2.3 Million Grant to Mary Bird Perkins Cancer Center to Increase Cancer Services in Underserved Communities
The United Health Foundation announced a three-year, $2.3 million grant partnership with Mary Bird Perkins Cancer Center to help increase access to prostate and colorectal cancer education, screening and support for historically underserved individuals across Louisiana. Consistent screening and community…
Chubb Reports Third Quarter Per Share Net Income and Record Core Operating Income of $4.95 Each, Up 161.9% and 58.1%, Respectively; Consolidated Net Premiums Written of $13.1 Billion, Up 9.1%, with Global P&C Up 12.3%; P&C Combined Ratio of 88.4%; Year-to-Date Net Income Per Share of $13.79, Up 48.9%, and Record Core Operating Income Per Share of $14.27, Up 27.5%
Chubb Limited (NYSE: CB) today reported net income and core operating income for the quarter ended September 30, 2023 of $2.04 billion each, or $4.95 per share. Book value per share and tangible book value per share decreased 0.3% and 10.2%, respectively, from June 30, 2023, and…
Vice Chairman Thomas R. Nides to Leave Wells Fargo and William M. Daley to Return to Prior Role
Wells Fargo announced that its Vice Chairman, Thomas R. Nides, has decided to leave the company to return his attention to events in the Middle East. Nides joined the company in September after retiring in July as U.S. Ambassador to…