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Deutsche Bank Decreases Prime Lending Rate to 6.75%

Lastest from Businesswire - 2 hours 27 min ago
NEW YORK--(BUSINESS WIRE)--Deutsche Bank today announced that its New York Branch, Deutsche Bank New York (DBNY), and its affiliate Deutsche Bank Trust Company Americas (DBTCA) have decreased their prime lending from 7.00% to 6.75% effective tomorrow, December 11, 2025. About Deutsche Bank Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small

KBRA Assigns Preliminary Ratings to Angel Oak Mortgage Trust 2025-13 (AOMT 2025-13)

Lastest from Businesswire - 2 hours 27 min ago
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to eight classes of mortgage-backed certificates from Angel Oak Mortgage Trust 2025-13 (AOMT 2025-13), a $333.4 million non-prime RMBS transaction. The underlying collateral, comprised of 659 residential mortgages, is characterized by a significant concentration of loans underwritten using alternative income documentation. All the loans are either classified as non-qualified mortgages (Non-QM) (53.5%) or exempt (46.5%) from the Ability

FLY INVESTORS: Contact Kirby McInerney LLP About Securities Class Action Lawsuit On Behalf of Firefly Aerospace Inc.

Lastest from Businesswire - 2 hours 27 min ago
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP reminds Firefly Aerospace Inc. (“Firefly” or the “Company”) (NASDAQ:FLY) investors of the January 12, 2026 deadline to seek lead plaintiff appointment in the class action filed on behalf of investors who acquired Firefly securities between August 4, 2025 through September 29, 2025 (“the Class Period”). Follow the link below for more information: [CONTACT THE FIRM IF YOU SUFFERED A LOSS] What Is The Lawsuit About? The lawsuit alleges

Citizens Financial Group Announces Prime Rate Change

Lastest from Businesswire - 2 hours 27 min ago
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced today that Citizens Bank, N.A. has decreased its prime lending rate to 6.75 percent from 7.00 percent, effective Thursday, December 11, 2025. About Citizens Financial Group, Inc. Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $222.7 billion in assets as of September 30, 2025. Headquartered in Providence, Rhode Island, Citizens offers a broad range of ret

AM Best Affirms Credit Ratings of UPMC Health Plan, Inc., Its Affiliates and Revises Outlooks for Members of UPMC Workers’ Compensation Group

Lastest from Businesswire - 2 hours 27 min ago
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of UPMC Health Plan, Inc. (UPMC Health Plan) and its affiliates: UPMC For You, Inc., UPMC Health Network, Inc., UPMC Health Coverage, Inc., UPMC Health Options, Inc. and Community Care Behavioral Health Organization. Collectively, the group is referred to as UPMC Health Insurance Group (UPMC Health Plans). The outl

Northern Trust Decreases Prime Rate

Lastest from Businesswire - 2 hours 27 min ago
CHICAGO--(BUSINESS WIRE)-- #assetmanagement--Northern Trust has decreased its prime rate from 7.00% to 6.75%.

U.S. Bank Decreases Prime Lending Rate to 6.75 Percent

Lastest from Businesswire - 2 hours 27 min ago
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank Decreases Prime Lending Rate to 6.75 Percent

KBRA Assigns Ratings to Mechanics Bancorp; Upgrades and Subsequently Withdraws Ratings for HomeStreet, Inc.

Lastest from Businesswire - 2 hours 27 min ago
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB, and a short-term debt rating of K2 to Walnut Creek, California-based Mechanics Bancorp (NASDAQ: MCHB) ("Mechanics" or "the company"). In addition, KBRA assigns deposit and senior unsecured debt ratings of A-, a subordinated debt rating of BBB+, and short-term deposit and debt ratings of K2 to its main subsidiary, Mechanics Bank ("the bank"). The Outlook for all long-term ratings is

Kessler Topaz Meltzer & Check, LLP Announces Securities Fraud Class Action Lawsuit Filed Against CarMax, Inc.

Lastest from Businesswire - 2 hours 27 min ago
RADNOR, Pa.--(BUSINESS WIRE)-- #classaction--The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against CarMax, Inc. (“CarMax”) (NYSE: KMX) on behalf of those who purchased or otherwise acquired CarMax securities between June 20, 2025, and November 5, 2025, inclusive (the “Class Period”). The lead plaintiff deadline is January 2, 2026. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered CarMax losses, you ma

US Metro Bancorp Declares Interim Dividend on Common Stock

Lastest from Businesswire - 2 hours 27 min ago
GARDEN GROVE, Calif.--(BUSINESS WIRE)--US Metro Bancorp (OTCQX: USMT) declared that its Board of Directors approved a $0.03 cash dividend payable on December 16, 2025 to shareholders of record at the close of business on December 2, 2025. About US Metro Bancorp, Inc. and its wholly owned subsidiary US Metro Bank US Metro Bank is a California chartered, full service commercial bank headquartered in Garden Grove, California. The Bank opened for business on September 15, 2006, and offers deposit a

Stewart Announces Proposed Public Offering of Common Stock

Lastest from Businesswire - 2 hours 27 min ago
HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE: STC) (“Stewart” or the “Company”) today announced it has commenced an underwritten public offering of 1,900,000 shares of its common stock. All of the shares of common stock are being offered by Stewart. In addition, Stewart intends to grant the underwriters a 30-day option to purchase up to an additional 285,000 shares of its common stock. The offering is subject to market and other conditions and there can be no assuran

Ventas Declares Quarterly Dividend of $0.48 Per Common Share

Lastest from Businesswire - 2 hours 27 min ago
CHICAGO--(BUSINESS WIRE)--Ventas, Inc. (NYSE: VTR) today announced that its Board of Directors has declared a quarterly dividend of $0.48 per common share. The dividend will be payable in cash on January 15, 2026, to stockholders of record as of the close of business on December 31, 2025. About Ventas Ventas, Inc. (NYSE: VTR) is a leading S&P 500 real estate investment trust enabling exceptional environments that benefit a large and growing aging population. With approximately 1,400 propert

Wells Fargo Bank Decreases Prime Rate to 6.75 Percent

Lastest from Businesswire - 2 hours 27 min ago
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Bank, N.A., said today it is decreasing its prime rate to 6.75 percent from 7.00 percent, effective tomorrow, Dec. 11, 2025. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consum

Marlin Mortgage Promotes Darren Halpern and Tyler Wichmann to Co-Presidents

Lastest from Businesswire - 2 hours 27 min ago
SAINT PETERSBURG, Fla.--(BUSINESS WIRE)--Marlin Mortgage Holdings, LLC (together with its affiliates, “Marlin”) today announced the promotion of Darren Halpern and Tyler Wichmann to Co-Presidents, effective immediately. Andrew Weber, Founder & CEO, commented: “As Founder, CEO and majority shareholder, I am proud to elevate two of the architects who have been with us through the critical growth we have experienced over our first half-decade of operations. Darren and Tyler have earned this re

Webster Lowers Prime Lending Rate to 6.75 Percent

Lastest from Businesswire - 2 hours 27 min ago
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced today that it has lowered its prime lending rate to 6.75 percent from 7.00 percent, effective December 11, 2025. About Webster Webster Financial Corporation (“Webster”) (NYSE: WBS) is the holding company for Webster Bank, N.A. (“Webster Bank”). Founded in 1935 and headquartered in Stamford, CT, Webster is a values-driven organization with more than $80 billion in to

Citi Lowers Base Rate

Lastest from Businesswire - 2 hours 27 min ago
NEW YORK--(BUSINESS WIRE)--Citibank, N.A. said today it has lowered its base lending rate to 6.75% from 7.00%, effective tomorrow, Thursday, December 11, 2025. About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals wi

Victory Capital Reports November 2025 Total Client Assets

Lastest from Businesswire - 2 hours 27 min ago
SAN ANTONIO--(BUSINESS WIRE)---- $VCTR--Victory Capital (NASDAQ: VCTR) today reported Total Client Assets of $317.7 billion, as of November 30, 2025.

Regions Bank Reduces its Prime Lending Rate

Lastest from Businesswire - 2 hours 27 min ago
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Bank announced it is reducing the Regions prime lending rate to 6.75% effective Dec. 11, 2025.

Sverica Capital Management Announces Sale of Coastal to Tata Consultancy Services for $700 Million

Lastest from Businesswire - 2 hours 27 min ago
AUSTIN, Texas--(BUSINESS WIRE)--Sverica Capital Management LP ("Sverica") announced today the sale of its Fund V portfolio company Coastal Cloud Holdings, LLC (“Coastal” or the "Company") to Tata Consultancy Services Limited (or "TCS") for $700 million. This marks the culmination of a five-year successful partnership with Coastal, during which the Company more than quadrupled in size while maintaining best in class profitability and solidified its market leadership as one of the largest and fas

Red River Bank and Federal Home Loan Bank of Dallas Celebrate $12M in Grants for Affordable Housing, Disaster Recovery and Economic Development

Lastest from Businesswire - 2 hours 27 min ago
METAIRIE, La.--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) and Red River Bank are celebrating a milestone: $12 million in FHLB Dallas grants delivered over 25 years to support affordable housing, disaster recovery and economic development in communities across Louisiana. “These grants have allowed us to support affordable housing, help families and businesses rebuild after disasters and invest in long-term economic growth across Louisiana,” said Jannease Seastrunk, senio

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