Allianz SE resolves on new share buy-back program with a volume of up to 1.5 billion euros
Allianz SE has resolved on a new share buy-back program. The volume of such new program will amount to up to 1.5 billion euros. The program shall start end-May 2023 and be finalized by December 31, 2023, at the latest.…
Brent Hunter Named Cigna Healthcare General Manager for MidAmerica
Cigna Healthcare has named Brent Hunter as general manager for its group employer business in MidAmerica, which spans Iowa, Kansas, Missouri, Nebraska, North Dakota, and South Dakota. In this role, Brent will be responsible for driving market growth for client…
Ping An Publishes 2022 Annual Insurance Claims Report
Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An of China,” “Ping An,” the “Company” or the “Group,” HKEX: 2318; SSE: 601318) released its 2022 Annual Insurance Claims Report. In 2022, Ping An’s four insurance companies paid for…
A year after catastrophic floods, Lismore’s residents share their stories of courage and community
The city of Lismore in NSW’s Northern Rivers region is often celebrated as the “rainbow” region, a moniker that sums up its colourful arts and music scene, and its friendly locals. But in 2022, Lismore took a huge hit. Catastrophic…
Girls in Tech fostering the next generation of women in STEM
When was the first female crash test dummy used to accurately gauge the impact of car accidents on women’s bodies? Was it 30 years ago? Twenty years? Ten? Shockingly, it was only in November 2022 — a fact that drew…
Federal Budget reaction: CommBank Chief Economist
Commonwealth Bank of Australia’s Chief Economist Stephen Halmarick has provided an initial reaction to today’s 2023/24 Commonwealth Budget, ahead of the publication of a detailed report on its key spending commitments: “The 2022/23 budget is now estimated to be in surplus…
Household spending declines in April
The CommBank Household Spending Intentions (HSI) Index fell 4.3 per cent in April as a result of fewer trading days in the month with the Easter and Anzac Day public holidays, while the lagged effect of recent Reserve Bank of Australia (RBA)…
Customer focus and balance sheet strength, delivering for all stakeholders
Commonwealth Bank has reported an unaudited cash net profit after tax (NPAT) of $2.6 billion for the third quarter of its current financial year, up 1% on 1H23 quarterly average (up 3% after adjusting for day-count) and 10% higher than the…
RBC Global Asset Management Inc. announces April sales results for RBC Funds, PH&N Funds and BlueBay Funds
RBC Global Asset Management Inc. (“RBC GAM Inc.”) today announced April mutual fund net redemptions of $833 million. Long-term funds had net redemptions of $1.1 billion and money market funds had net sales of $225 million. Mutual fund assets under management increased by 1.1…
Wells Fargo Announces Transition Information for Outstanding U.S. Dollar LIBOR-Linked Instruments
Wells Fargo & Company (NYSE: WFC) (“Wells Fargo”) and certain of its consolidated subsidiaries have issued debt securities, certificates of deposit, trust preferred securities and preferred stock and related depositary shares that reference the London Interbank Offered Rate (LIBOR) for…
Jeff Hogan joins the Corporate & Investment Bank as Co-head of Global Mergers & Acquisitions
Wells Fargo & Company (NYSE: WFC) today announced that Jeff Hogan has joined the Corporate & Investment Bank (CIB) as co‑head of Global Mergers & Acquisitions (M&A) within the Banking division. He will co‑lead the M&A team with David DeNunzio, who has led…
Bank of America Announces Redemption of 1.486% Fixed/Floating Rate Senior Notes Due May 2024
Bank of America Corporation announced today that it will redeem on May 19, 2023 all $1,000,000,000 principal amount outstanding of its 1.486% Fixed/Floating Rate Senior Notes, due May 2024 (CUSIP No. 06051GJC4) (the “Notes”), at a redemption price equal to 100%…