Bank of America Comments on Revised Stress Test Results
Bank of America today commented on the revised results of the Federal Reserve’s 2023 Comprehensive Capital Analysis and Review (CCAR). Based on the revised 2023 CCAR results, Bank of America’s Stress Capital Buffer will be 2.5%, which is the minimum…
CommBank extends commitment to help end financial abuse
At a CommBank Financial Abuse Leadership Summit hosted in Sydney today, CBA CEO Matt Comyn launched Next Chapter Innovation, a new program that will see the bank partner with not-for-profit and social enterprise organisations to support projects designed to help victim-survivors…
Wells Fargo Bank Increases Prime Rate to 8.50 Percent
About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and…
Phoenix Group and Macquarie Asset Management provide £58m funding for affordable housing
Phoenix Group, the UK’s largest long-term savings and retirement business, has provided a £58 million long term financing package, arranged by Macquarie Asset Management, to support a joint venture between Bromley Council and Pinnacle for the planned acquisition of more…
Pocketalk and SoftBank Corp.Form Comprehensive Strategic Alliance to ExpandTranslation Business in Japan and Global Markets
Pocketalk Corporation (“Pocketalk”), the leading provider of translation solutions, and SoftBank Corp. (“SoftBank”) a Japan-based telecommunications and IT operator, announced they formed a comprehensive strategic alliance on July 25, 2023. Under this partnership, both companies will collaborate in the marketing…
Public Storage Accelerates Growth with Simply Self Storage Acquisition
Glendale, California and New York – Public Storage (NYSE:PSA) (the “Company”) and Blackstone Real Estate Income Trust, Inc. (“BREIT”) announced today an agreement for Public Storage to acquire Simply Self Storage (“Simply”) from BREIT for $2.2 billion. The portfolio comprises…
Mastercard introduces a fast, safe and cost-effective solution for businesses to accept virtual card payment
Mastercard announces the launch of Mastercard Receivables Manager, a new, automated solution that streamlines the way businesses accept and process virtual card payments. The innovation complements Mastercard’s virtual card platform as the company provides choice in payments to players across…
Chubb Reports Second Quarter Net Income Per Share of $4.32, Up 54.3%, and Record Core Operating Income Per Share of $4.92, Up 16.6%; Consolidated Net Premiums Written of $11.95 Billion, Up 16.1%, or 16.8% in Constant Dollars, with P&C Up 10.4% and Combined Ratio of 85.4%; Year-to-Date Net Income Per Share of $8.84, Up 20.3%, and Record Core Operating Income Per Share of $9.32, Up 15.8%
Chubb Limited (NYSE: CB) today reported net income for the quarter ended June 30, 2023 of $1.79 billion, or $4.32 per share, and core operating income of $2.04 billion, or $4.92 per share. Book value per share and tangible book value per share increased 0.6% and 0.2%, respectively,…
UnitedHealthcare Donates $11 Million to Community Organizations Through Its Empowering Health Program
UnitedHealthcare is donating more than $11.1 million in grants through its Empowering Health program across 12 states. The grants will assist people experiencing challenges such as food access and nutrition, social isolation, and behavioral health issues, and support local health…
Allianz to serve global commercial insurance segment as one go-to-market business
Allianz Global Corporate & Specialty has joined forces with the commercial insurance businesses of local Allianz entities, trading under the name “Allianz Commercial” as of today New regional set-up confirmed with 11 regions, each represented by one Commercial Managing Director Allianz Integrated…
Wells Fargo & Company Increases Common Stock Dividend and Announces New $30 Billion Common Stock Repurchase Program
Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.35 per share, payable Sept. 1, 2023, to stockholders of record on Aug. 4, 2023. The third quarter dividend represents an…
Tasmania edges NSW as best performing economy: CommSec State of the States
Tasmania is once again the country’s best performing economy, according to the CommSec State of the States report – a quarterly ranking of economic performance. But NSW is close behind. A strong job market, and relative strength in home loan demand and…