SoftBank Corp. and Nidec Jointly Develop Light-weight,High-efficiency and High-reliability Motor forHigh Altitude Platform Stations
SoftBank Corp. (TOKYO: 9434) (“SoftBank”) today announced that it and Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (“Nidec” or the “Company”) have jointly developed a light-weight, high-efficiency, and high-reliability axial flux-type motor for High Altitude Platform Stations (“HAPS”). This newly…
Charles Schwab President Rick Wurster named Chair of Schwab Charitable™, President and Chair of Charles Schwab Foundation
Schwab Charitable™ and Charles Schwab Foundation today announce that Schwab President Rick Wurster has been elected to chair the organizations’ respective boards of directors and serve as President of Charles Schwab Foundation, effective July 1. Schwab Charitable is an independent 501(c)(3) non-profit…
Schwab to Launch the Schwab High Yield Bond ETF
Schwab Asset Management™, the asset management arm of The Charles Schwab Corporation, today announced the launch of the Schwab High Yield Bond ETF (NYSE Arca: SCYB). The first day of trading is expected to be on or about July 11.…
Ping An Bank Grants First Loan to Pioneering CCUS Project amounted RMB 180 million in China’s Steel Industry Supporting Technological Transformation for Carbon Neutrality
Ping An Bank, a subsidiary of Ping An Insurance (Group) Company of China, Ltd. (“Ping An” or the “Group”, HKEx:2318; SSE:601318), has disbursed the first installment of a loan to Baotou Iron and Steel Group Co., Ltd. under a RMB180…
BofA Data Finds Men’s Average 401(k) Account Balance Exceeds Women’s by 50%
Bank of America released its 2023 Financial Life Benefits® Impact Report (PDF), revealing that the average 401(k) account balance among men is 50% greater than women’s overall ($89,000 vs. $59,000). However, this gender imbalance is closing among younger generations. Baby Boomer…
BofA to Open Financial Centers in 9 New Markets by 2026
Bank of America today announced it will expand its financial center network into nine new markets over the next four years, bringing banking, investing, retirement, lending and small business services and solutions to more clients and communities. Through this expansion,…
Outstanding Bank of America USD LIBOR CMS Instruments Expected to be Calculated Pursuant to Fallback Provisions After June 30, 2023
Bank of America Corporation (“BAC”) (NYSE: BAC) and BofA Finance LLC (“BofA Finance”) have issued and outstanding certain debt securities and certificates of deposit, listed by CUSIP No. in the Annexes to this press release (the “USD LIBOR CMS Instruments”), that use the USD…
Innovative Ways of Attracting and Serving Clients Draw Accolades for Merrill Wealth Management and Bank of America Private Bank
Bank of America Corp. today announced that its wealth management businesses, including Merrill Wealth Management and Bank of America Private Bank, have been recognized by multiple industry organizations for leadership in digital innovation and/or private banking. These recent awards spotlight…
Executive Leadership Team update
Chief Executive Officer of the Commonwealth Bank Matt Comyn has today announced the appointment of a new Group General Counsel and Group Executive Legal & Group Secretariat to the bank’s Executive Leadership Team. After three and half years with the…
KKR ANNOUNCES INTRA-QUARTER MONETIZATION ACTIVITY UPDATE FOR THE SECOND QUARTER
KKR today announced a monetization activity update for the period from April 1, 2023 to June 23, 2023. Based on information available to us as of today, with respect to the period through June 23, 2023, KKR has earned gross realized carried interest and…
Step into the Future: Realize Mobile and Pixel Canvas Enable Volumetric VideoPlayback in the Metaverse
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Optum Rx Expands Choice, Improves Affordability for Patients With Two Additional HUMIRA Biosimilars
Starting July 1, clients of Optum Rx will have access to three biosimilar alternatives for HUMIRA, a highly utilized biologic medication used in the treatment of autoimmune diseases. The Optum Rx standard formulary will include the following treatments at parity…