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Citigroup Announces $650 Million Redemption of Floating Rate Notes Due 2026
NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is announcing the redemption, in whole, constituting $650,000,000 of its Floating Rate Notes due 2026 (the “notes”) (ISIN: US172967MB43). The redemption date for the notes is July 1, 2025 (the “redemption date”). The cash redemption price for the notes payable on the redemption date will equal par plus accrued and unpaid interest, to but excluding, the redemption date. The redemption announced today is consistent with Citigroup's liability management st
Bridgewater Bank's Joe Chybowski Named a 2025 Notable Banking Leader by Twin Cities Business
ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bank, a leading Twin Cities bank focused on meeting the unique needs of successful individuals and entrepreneurs, is pleased to announce that President and Chief Financial Officer Joe Chybowski has been recognized by Twin Cities Business as a 2025 Notable Banking Leader. Part of Twin Cities Business’s ongoing Notable series, this annual feature highlights top-tier banking executives in Minnesota who are shaping the future of the financial indu
Camden Property Trust Announces Second Quarter 2025 Dividend
HOUSTON--(BUSINESS WIRE)--The Board of Trust Managers of Camden Property Trust (NYSE:CPT) (the “Company”) declared a second quarter cash dividend of $1.05 per share to holders of record as of June 30, 2025 of its Common Shares of Beneficial Interest. The dividend is to be paid on July 17, 2025. Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment
TCW Strategic Income Fund Announces Quarterly Distribution
LOS ANGELES--(BUSINESS WIRE)--TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a quarterly distribution of $0.065 per share payable to shareholders of record on June 30, 2025, with the payable date of July 11, 2025. The distribution is based on a policy that was approved by the Board of Directors in December 2013 which was to pay distributions out of the Fund’s accumulated net investment income and/or other sources subject to the requirements of the Investment Company Act of 1940, as
VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND & VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND ANNOUNCES PAYMENT OF MONTHLY DISTRIBUTION
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the “Funds”) today announced important information concerning the Funds’ distributions declared in May 2025. This press release is issued as required by the Funds’ Managed Distribution Plan (the “Plan") and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the impleme
Jackson Names Lin Sun Chief Actuary
LANSING, Mich.--(BUSINESS WIRE)--Jackson Financial Inc.1 (NYSE: JXN) (Jackson®) announced today that Lin Sun has been named Senior Vice President and Chief Actuary. Sun joins the company with broad financial industry knowledge and extensive actuarial expertise. In this role, she has oversight of the organization’s Actuarial department, with responsibility for valuation, pricing and other actuarial functions. Sun succeeds Steve Binioris, who was recently appointed to serve as the company’s Execu
MarketAxess Becomes First Platform to Provide Fully Electronic Workflow for the Trading of Indian Government Bonds to International Investors
NEW YORK--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced the launch of the first fully electronic trading solution for Indian Government Bonds (IGBs) for Foreign Portfolio Investors (FPIs). International investors will, for the first time, be able to trade IGBs electronically alongside 29 other local currency bond markets already available via the MarketAxess trading platform. The new
Lynn Good Elected to Morgan Stanley Board of Directors
NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today announced that Lynn Good has been elected to the Company’s Board of Directors, effective July 18, 2025. Ms. Good, 66, is the former Chair, CEO and President of Duke Energy. Her appointment will bring Morgan Stanley’s Board of Directors to 15 members. She will serve on the Board’s Audit Committee. Ted Pick, Chairman and CEO of Morgan Stanley, said, “We are very happy to welcome Lynn Good to our Board. As the former Chair and CEO of Duke
Ambac Financial Group Provides Update on the Timing of the Sale of Its Legacy Financial Guarantee Business
NEW YORK--(BUSINESS WIRE)--Ambac Financial Group provides update on the timing of the sale of its legacy financial guarantee business
PACS Group to Restate Certain Previously Issued Financial Statements
FARMINGTON, Utah--(BUSINESS WIRE)--PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”) announced today that it will restate its previously issued condensed combined/consolidated financial statements as of and for the three months ended on March 31, 2024 included in the Company’s Quarterly Report on Form 10-Q filed with the SEC on May 13, 2024 (as amended on May 21, 2024), and as of and for the three and six months ended on June 30, 2024 included in the Company’s Quarterly Report on Form 10-
Affinity Plus Named One of Minnesota’s Top Workplaces
ST. PAUL, Minn.--(BUSINESS WIRE)--Affinity Plus Federal Credit Union (Affinity Plus) has been named one of the Top 200 Workplaces in Minnesota by the Star Tribune for the eighth year in a row. Affinity Plus made the #6 ranking on the list of large companies as a Top Workplace, with a special Best Benefits award that honors organizations offering exceptional employee benefits. “Our employees have made it clear that Affinity Plus is more than just a workplace – it’s a community built on trust, pu
PHH Mortgage Expands With Blend to Enhance Refinance and Home Equity Experiences for Borrowers
SAN FRANCISCO--(BUSINESS WIRE)--PHH Mortgage, one of the largest mortgage servicers in the U.S., and a subsidiary of Onity Group Inc. (NYSE: ONIT), is expanding its partnership with Blend Labs, Inc. (NYSE: BLND) to deliver faster, more seamless refinance and home equity experiences for borrowers. PHH Mortgage has expanded its use of Blend’s technology platform, already powering its mortgage lending operations, to now include Rapid Refi and Rapid Home Equity. As part of its ongoing digital trans
UC Berkeley names Jennifer Chatman dean of the Haas School of Business
BERKELEY, Calif.--(BUSINESS WIRE)--Professor Jennifer Chatman, a trailblazing organizational culture expert at UC Berkeley’s Haas School of Business, has been named the school’s 16th dean. Chatman, the Paul J. Cortese Distinguished Professor of Management, has served as interim dean since last July. She will assume her new role July 1, 2025. “As a proud double Bear, I am deeply honored to be leading Haas,” said Chatman, who earned a bachelor’s degree from UC Berkeley and a PhD in business admin
Hercules Capital Closes Upsized Institutional Notes Offering of $350.0 Million 6.000% Unsecured Notes due 2030
SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), today announced that it has closed an upsized underwritten public offering of $350.0 million in aggregate principal amount of 6.000% notes due June 2030 (the “Notes”). The Notes are unsecured and bear interest at a rate of 6.000% per year, payable semiannually, will mature on June 16, 2030 and may be redeemed in whole or in part at any time or from time to time at the Company’s option at par,
Fifth Third Bancorp Announces Share Repurchase Authorization
CINCINNATI--(BUSINESS WIRE)--Today, Fifth Third Bancorp announced that its Board of Directors approved a new share repurchase authorization of up to 100 million shares, which replaces the previous authorization from 2019 under which 11.8 million shares remain. The new repurchase authorization does not have an expiration date, does not include specific price targets, may be executed through open market purchases or one or more private negotiated transactions, including Rule 10b5-1 programs, and
Blue Cross Blue Shield Plans’ Administrative Expenses Decelerate Again in 2024
PHILADELPHIA--(BUSINESS WIRE)--For the second year in a row Blue Cross Blue Shield Plans posted a sharp decline in PMPM expense growth, to 4.0% in 2024 from 5.6% in 2023.
AM Best Withdraws Credit Ratings of Transmonde Services Insurance Company Limited
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Transmonde Services Insurance Company Limited (Transmonde) (Hamilton, Bermuda). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process. The ratings reflect Transmonde’s balance sheet strength,
İş Private Equity Provides Funding to Develop New Therapies for Obesity and Age-Related Diseases: Enlila Biotech Venture Announced
CAMBRIDGE, Mass.--(BUSINESS WIRE)--İş Private Equity, a subsidiary of Türkiye İşbank Group, has launched Enlila, a biotechnology venture, for the purpose of entering into a sponsored research agreement with the Hotamışlıgil Lab at Harvard T.H. Chan School of Public Health. Research led by Prof. Gökhan Hotamışlıgil had elucidated a fundamental mechanism underlying obesity and age-related diseases. Preclinical studies indicate that this mechanism has significant therapeutic potential, and the Hot
KBRA Assigns Preliminary Ratings to COOPR Residential Mortgage Trust 2025-CES2 (COOPR 2025-CES2)
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 8 classes of Certificates from COOPR Residential Mortgage Trust 2025-CES2 (COOPR 2025-CES2), a $317.5 million RMBS transaction, as of the cut-off date, sponsored by Nationstar Mortgage LLC d/b/a Mr. Cooper and Loan Funding Structure VI LLC and consists almost entirely of 4,613 newly originated closed-end second lien mortgages (CES; 99.9%). The underlying pool is seasoned approximately 0.5 months and all loans are originated by Mr. C
Rosen Law Firm Urges 3D Systems Corporation (NYSE: DDD) Stockholders with Losses in Excess of $100K to Contact the Firm for Information About Their Rights
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 purchasers and acquirers of 3D Systems Corporation (NYSE: DDD) securities between August 13, 2024 and May 12, 2025, both dates inclusive (the “Class Period”). 3D Systems provides 3D printing and digital manufacturing solutions. For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653. The Allegations: Rosen