Feed aggregator

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Astrana Health, a leading provider-centric healthcare company based in California, entered into a binding agreement on November 8 to purchase the majority of Prospect’s managed care platform for approximately $745 million and the assumption of certain liabilities. After satisfaction of obligations to the managed care platform’s senior creditor and other liabilities, MPT expects to receive approximately $200 million in total proceeds. The majority of this cash

IRVINE, Calif.--(BUSINESS WIRE)-- #AlliantInsurance--Noah Molnar, co-founder of Property Owners Protection Insurance Company (POPIC), has been named a 2024 Rising Star by Insurance Business America.

NEW YORK--(BUSINESS WIRE)--AlTi Global, Inc. (NASDAQ: ALTI) (“AlTi" or the “Company”), a leading independent global wealth and alternatives manager with $77 billion in combined assets, today announced financial results for the third quarter ended September 30, 2024. A presentation of the Company’s third quarter 2024 results can be found on the Events & Presentation section of the AlTi investor relations website. Webcast and Earnings Conference Call Management will host a webcast and confere

CINCINNATI--(BUSINESS WIRE)--At a London-based event, Fifth Third Private Bank, a division of Fifth Third Bank, was named the Best Private Bank in North America for Customer Service. The recognition was part of the 2024 Global Private Banking Awards. The Global Private Banking Awards is a joint project from the Financial Times' group publications dedicated to the global banking, wealth management and the financial services sector: The Banker and Professional Wealth Management. In its sixteenth

CHICAGO--(BUSINESS WIRE)--Northern Trust, a leading provider of wealth management services, has taken top honors in three categories from Professional Wealth Management and The Banker magazines, publications of the Financial Times Group: “Best Private Bank in the U.S.” “Best Private Bank in North America for Entrepreneurs” “Best Private Bank in North America for Ultra High Net Worth Clients” Northern Trust is now a 13-time winner of “Best Private Bank in the U.S.” which is part of the Global Pr

FLORENCE, Ore.--(BUSINESS WIRE)-- #VeteransDay--America's veterans have a new battlefront. This time, the enemy is garbage—a relentless invader of our landfills, waterways and roads. The Oregon Coast Military Museum (OCMM) in Florence, Oregon, is mobilizing a veteran-driven initiative to combat the growing waste crisis. The museum’s Camp Liberty project tackles environmental challenges and provides veterans with meaningful employment opportunities. OCMM President Gary Cannon is a two-tour Vietnam veteran, two

CALABASAS, Calif.--(BUSINESS WIRE)--Marcus & Millichap, Inc. (the “Company”, “Marcus & Millichap”, or “MMI”) (NYSE: MMI), a leading national real estate services firm specializing in commercial real estate investment sales, financing, research and advisory services, reported its third quarter results today. Third Quarter 2024 Highlights Compared to Third Quarter 2023 Total revenue of $168.5 million, compared to $162.0 million Brokerage commissions of $142.0 million, compared to $139.8 m

ALMATY, Kazakhstan--(BUSINESS WIRE)--Freedom Holding Corp. (the “Company”) (NASDAQ: FRHC), a multinational diversified financial services holding company with a presence through its subsidiaries in 22 countries, today announced the financial results for their second quarter and first six months of fiscal 2025. Highlights include the following: $581 million in revenue for the quarter Net income of $115 million, or $1.89 earnings per share, diluted, and $1.93 earnings per share, basic Operating e

NEW YORK & PALO ALTO, Calif.--(BUSINESS WIRE)--Centana Growth Partners, a growth equity firm specializing in the financial services ecosystem, is pleased to announce that it has acquired a majority stake in insurtech platform First Connect Insurance Services, formerly an indirect wholly-owned subsidiary of Hippo Holdings Inc. (NYSE: HIPO). Aviad Pinkovezky will continue in his role as President and has been named CEO, post closing. The initial investment, exceeding $60 million, is led by Centan

NEW YORK--(BUSINESS WIRE)--1stdibs.com, Inc. (NASDAQ: DIBS), a leading online marketplace for luxury design products ("1stDibs" or the "Company"), today reported financial results for its third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net revenue was $21.2 million, an increase of 3% year-over-year. Gross profit was $15.0 million, a decrease of 1% year-over-year. Gross margin was 71.0%, compared to 73.3% in the third quarter 2023. GAAP net loss was $5.7 million c

LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share on its outstanding common stock. The dividend will be payable January 2, 2025, to stockholders of record as of December 16, 2024. The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F. The dividend wil

NEW YORK--(BUSINESS WIRE)---- $AIXI #CLASSACTIONLAWSUIT--The law firm of Kirby McInerney LLP reminds investors of the December 16, 2024 deadline to seek the role of lead plaintiff in a federal securities class action filed on behalf of those who acquired Xiao-I Corporation (“Xiao-I” or the “Company”) (NASDAQ: AIXI) (a) American depository shares (“ADSs”) issued in connection with the Company’s initial public offering conducted on or about March 9, 2023 (the “IPO” or “Offering”); and/or (b) securities between March 9, 2023 a

PITTSBURGH--(BUSINESS WIRE)--Confluence Technologies, Inc. (“Confluence”), a global technology solutions provider for regulatory, analytics, and investor communications solutions for the investment management industry, proudly announced that its Revolution solution for multi-asset performance, attribution and risk analytics, has been named Best Buy-side Risk Management Initiative in the Last 12 Months by Waters Technology’s Buy-side Technology Awards, marking the fourth time Confluence has won

LONDON--(BUSINESS WIRE)--Allvue Systems, a leading provider of technology solutions for investment managers, has been recognized as Technology Provider of the Year – Highly Commended at the 2024 Alternative Credit Investor Awards. The prestigious award, which recognizes outstanding contributions to the private credit industry, was presented on 6 November, 2024, at the Royal Lancaster London. Hosted by Alternative Credit Investor, the event honored the industry's top fund managers, lenders, and

MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Avid (NASDAQ: CDMO) for possible breaches of fiduciary duty and other violations of law in its transaction with GHO and Ampersand. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, stockholders of Avid will receive only $12.50 per share in an all-cash transaction valued at approximatel

BOSTON--(BUSINESS WIRE)-- #AvoidDialysis--Square Knot Health, a leader in technology-enabled kidney transplant care, has achieved industry leading results with a unique model of care that helps patients navigate the complex world of kidney transplantation. Nearly 25% of patients referred to Square Knot received a kidney transplant in 1.6 years (on average), and more than half of these received a kidney from a living donor, far exceeding typical outcomes. The results were presented on October 26, 2024, at the 47

HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that the previously announced secondary offering by American International Group, Inc. (NYSE: AIG) of common stock of Corebridge Financial has priced at $31.20 per share. The offering is expected to close on November 12, 2024, subject to customary closing conditions. AIG, as the selling stockholder, has offered 30 million existing shares of common stock (out of approximately 568 million total shares of common stoc

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action lawsuit on behalf of all purchasers of ROOMS non-fungible tokens (“NFTs”) and Digital Nomads NFTs issued by Midnight Hub between January 15, 2023 and March 31, 2024. Midnight Hub is a community-driven platform that facilitates the growth and development of decentralized, community-run networks and projects, such as a community-run streaming platform called Digital Noma

DALLAS--(BUSINESS WIRE)--Covered Care, a majority owned subsidiary of Westlake Technology Holdings and a leader in accessible credit solutions for healthcare providers, is excited to announce the launch of its new financing offer: a 0% APR for up to 36 months. Through a commitment to enhancing affordability and patient access to care, Covered Care supports healthcare practices by providing the Full Spectrum patient financing solutions, catering to those with super-prime credit to those with FIC

NEW YORK--(BUSINESS WIRE)--HSBC Bank USA, N.A., and its affiliates announced today that they have reduced their prime and reference rate from 8.00% to 7.75%, effective tomorrow. ends/more About HSBC HSBC USA Inc. ("HUSI") is a Maryland corporation and its principal business is to act as a holding company for its subsidiaries including HSBC Bank USA, N.A. Through HSBC Bank USA, N.A. and its subsidiaries, HUSI offers a full range of traditional banking products and services to individuals, includ