The “Digital Wallet Race” Intensifies as Banks and Fintechs Around the World Invest in Insurance: Chubb Survey
A new survey from Chubb, the world’s largest publicly traded property and casualty insurance company, reveals that a majority (56%) of financial executives involved in insurance decision-making globally expect to generate more than 10% of their revenue from embedded insurance within three years.…
Cigna Healthcare Helps Customers Screen for Dental Health Issues From Their Smartphone
Cigna Healthcare announced that its dental customers are now able to use their smartphone to screen for potential oral health issues, such as cavities and gum disease. The no-cost screenings are powered by SmartScan and aim to encourage the millions…
Wells Fargo & Company Declares Cash Dividends on Preferred Stock
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…
Morgan Stanley Declares Dividends on Its Preferred Stock
New York — Morgan Stanley today declared a regular dividend on the outstanding shares of each of the following preferred stock issues: The dividends for the Preferred Stock Series M and N are payable on September 15, 2023 to stockholders…
Morgan Stanley Schedules Quarterly Investor Conference Call
Morgan Stanley (NYSE: MS) will announce its third quarter 2023 financial results on Wednesday, October 18, 2023, at approximately 7:30 a.m. (ET). A conference call to discuss the results will be held on October 18, 2023, at 8:30 a.m. (ET).…
Goldman Sachs Announces Redemption of All Outstanding Depositary Shares Representing Interests in Its 5.50% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series J
The Goldman Sachs Group, Inc. (NYSE: GS) (the “Company”) announced that it will redeem all outstanding shares of its 5.50% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series J (“Series J Preferred Stock”) and the corresponding 40,000,000 depositary shares (“Depositary Shares”) each…
Schwab Reports Monthly Activity Highlights
The Charles Schwab Corporation released its Monthly Activity Report today. Company highlights for the month of July 2023 include: Commentary from the CFO Chief Financial Officer Peter Crawford commented, “As we continue to progress through the Ameritrade client conversion, we…
Progressive Insurance® Awards $250,000 to Black Entrepreneurs Through Driving Small Business Forward Grant Program
Progressive Insurance®, the leading commercial auto insurer in the United States, has announced the 10 recipients of its 2023 Driving Small Business Forward grant with Hello Alice in support of Black entrepreneurs. Each small business owner has been awarded a $25,000 grant for use…
UnitedHealthcare Donates $2.85 Million To Help Health Service Workers Better Care For Indiana’s Seniors
INDIANAPOLIS: UnitedHealthcare Community Plan of Indiana has provided $2.85 million to four organizations working to advance the direct service health workforce in the state. These donations are part of UnitedHealthcare’s commitment to making a positive impact on the lives of…
Bank of America Refinances Gabon Sovereign Debt for Nature and Ocean Conservation
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…
Macquarie Asset Management commits further £550 million to support Southern Water Turnaround Plan
Funds managed by Macquarie Asset Management (“Macquarie”) have agreed to invest an additional £550 million of equity into the Southern Water group. This additional equity funding will help Southern Water to maintain the momentum of its Turnaround Plan and manage the impact…
Macquarie Capital expands software advisory coverage to Customer Interaction Management, names Christopher Hieb Managing Director
Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group, today announced that it has appointed Christopher Hieb Managing Director, Customer Interaction Management (CIM), expanding the firm’s coverage in the Software and Services group. CIM encompasses…