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Citizens Financial Group Announces Prime Rate Change

Lastest from Businesswire - Wed, 03/22/2023 - 19:16
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced today that Citizens Bank, N.A. has raised its prime lending rate to 8.00 percent from 7.75 percent, effective Thursday, March 23, 2023. About Citizens Financial Group, Inc. Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $226.7 billion in assets as of December 31, 2022. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and

Empire State Realty Trust Recognized as 2023 Great Place to Work in First Year of Participation

Lastest from Businesswire - Wed, 03/22/2023 - 19:16
NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc (NYSE: ESRT) – the REIT that owns and manages the Empire State Building and other office, retail, and multifamily assets in NYC and the NY metro area as well as the world-famous Empire State Building Observatory – announced today that it is officially Certified™ as a Great Place to Work®. The prestigious recognition is awarded to top organizations by Great Place To Work, based on a rigorous methodology, as well as validated employee feed

Sandra Day O’Connor Institute Launches Adult Civics Education Platform

Lastest from Businesswire - Wed, 03/22/2023 - 19:16
PHOENIX--(BUSINESS WIRE)--The Sandra Day O’Connor Institute for American Democracy today announced the launch of Civics for Life, an online, adult civics education platform that supports anyone who wants to learn more about civics, develop their understanding and capacity for civil discourse, and make a difference for themselves, their family, and their communities. According to a 2022 Annenberg Center for Public Policy survey, 1 in 4 Americans cannot name a single branch of the U.S. government

Webster Raises Prime Lending Rate to 8.00 Percent

Lastest from Businesswire - Wed, 03/22/2023 - 19:16
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that it has raised its prime lending rate to 8.00 percent from 7.75 percent, effective March 23, 2023. About Webster Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, National Association and its HSA Bank Division. Webster is a leading commercial bank in the Northeast that provides a wide range of digit

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Norfolk Southern Corporation (NSC) on Behalf of Investors

Lastest from Businesswire - Wed, 03/22/2023 - 19:16
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Norfolk Southern Corporation (“Norfolk Southern” or the “Company”) (NYSE: NSC) investors concerning the Company’s possible violations of federal securities laws. On February 3, 2023, after the market closed, a Norfolk Southern Railway Company (“NSR”) 149-car general merchandise freight train operated by three Norfolk Southern personnel derailed after a wheel bearing overheated and failed in Ea

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Rockwell Automation, Inc. (ROK) on Behalf of Investors

Lastest from Businesswire - Wed, 03/22/2023 - 19:16
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Rockwell Automation, Inc. (“Rockwell” or the “Company”) (NYSE: ROK) investors concerning the Company’s possible violations of federal securities laws. On May 3, 2022, before the market opened, Rockwell released its second quarter 2022 financial results, revealing a net income decline of $361.1 million compared to the second quarter of 2021. The Company also reduced its fiscal year 2022 guidanc

Wells Fargo Bank Increases Prime Rate to 8.00 Percent

Lastest from Businesswire - Wed, 03/22/2023 - 19:16
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Bank, N.A., said today it is increasing its prime rate to 8.00 percent from 7.75 percent, effective tomorrow, March 23, 2023. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set o

Regions Bank Increases its Prime Lending Rate

Lastest from Businesswire - Wed, 03/22/2023 - 19:16
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Bank announced it is increasing the Regions prime lending rate to 8.00% effective March 23.

Intercontinental Exchange Sets Date for 2023 Virtual Annual Meeting of Stockholders

Lastest from Businesswire - Wed, 03/22/2023 - 19:16
ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, will hold its 2023 Annual Meeting of Stockholders virtually on Friday, May 19, 2023 at 8:30 a.m. Eastern Time. Stockholders of record as of the close of business on Tuesday, March 21, 2023 are entitled to participate in, vote and submit questions at the Annual Meeting. Stockholders will also be able to submit questions in advance of the meeti

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Boxed, Inc. (BOXD) on Behalf of Investors

Lastest from Businesswire - Wed, 03/22/2023 - 19:16
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Boxed, Inc. (“Boxed” or the “Company”) (NYSE: BOXD) investors concerning the Company’s possible violations of federal securities laws. On March 14, 2023, The Wall Street Journal reported that Boxed may file for bankruptcy as it continues to explore a possible sale of its business, noting that Boxed went public less than two years ago, and that it is trying to establish a new commercial banking

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Array Technologies, Inc. (ARRY) on Behalf of Investors

Lastest from Businesswire - Wed, 03/22/2023 - 19:16
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Array Technologies, Inc. (“Array” or the “Company”) (NASDAQ: ARRY) investors concerning the Company’s possible violations of federal securities laws. On March 15, 2023, Array announced that it would be unable to file its 2022 Annual Report within the 15-day extension period given after its previously filed Notification of Late Filing. The Company explained that it “required additional time to

Citi Raises Base Rate

Lastest from Businesswire - Wed, 03/22/2023 - 19:16
NEW YORK--(BUSINESS WIRE)--Citibank, N.A. said today it has raised its base lending rate to 8.00% from 7.75%, effective tomorrow, Thursday, March 23, 2023. 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 nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a br

BlackSky Selected by National Reconnaissance Office to Explore Commercial Hyperspectral Imagery Capabilities

Lastest from Businesswire - Wed, 03/22/2023 - 16:16
HERNDON, Va.--(BUSINESS WIRE)---- $BKSY #artificialintelligence--BlackSky selected by National Reconnaissance Office to explore commercial hyperspectral imagery capabilities.

AXIS Capital to Release First Quarter Financial Results on April 26, 2023

Lastest from Businesswire - Wed, 03/22/2023 - 16:16
PEMBROKE, Bermuda--(BUSINESS WIRE)---- $AXS #earnings--AXIS Capital Holdings Limited (“AXIS Capital” or the “Company”) (NYSE: AXS) today announced that it expects to release financial results for the first quarter ended March 31, 2023 on Wednesday, April 26, 2023 after the close of the financial markets. Albert Benchimol, President and Chief Executive Officer, Vince Tizzio, CEO Specialty Insurance and Reinsurance, and Peter Vogt, Chief Financial Officer, will host an investor teleconference, including a question

Stephen Bowman and Hikmet Ersek join Voya Financial board of directors 

Lastest from Businesswire - Wed, 03/22/2023 - 16:16
NEW YORK--(BUSINESS WIRE)---- $VOYA--Voya Financial, Inc. (NYSE: VOYA), announced today that Stephen “Biff” Bowman and Hikmet Ersek have been elected to the company’s board of directors, effective today. Bowman was most recently chief financial officer of Northern Trust Corporation (NASDAQ: NTRS), a leading provider of wealth management, asset servicing, asset management and banking. He will serve on the board’s audit committee; risk, investment and finance committee; and technology, innovation and opera

Western Asset Mortgage Capital Corporation Declares First Quarter Dividend of $0.35 Per Share

Lastest from Businesswire - Wed, 03/22/2023 - 16:16
PASADENA, Calif.--(BUSINESS WIRE)--Western Asset Mortgage Capital Corporation (the “Company”) (NYSE: WMC) announced today that its Board of Directors has declared a cash dividend of $0.35 per share for the first quarter of 2023. Today’s dividend is payable on April 26, 2023 to common shareholders of record as of April 3, 2023, with an ex-dividend date of March 31, 2023. In addition, the Company estimates that its GAAP book value per share, as of February 28, 2023, was approximately $16.95. The

Regional Management Corp. Expands Operations to Arizona

Lastest from Businesswire - Wed, 03/22/2023 - 16:16
GREENVILLE, S.C.--(BUSINESS WIRE)--Regional Management Corp. (NYSE: RM), a diversified consumer finance company, announced today that it has commenced lending operations in Arizona, its 19th U.S. state, and expects to open its first branch within Arizona during the second quarter of 2023. “We are excited to bring our suite of affordable financial solutions to consumers in Arizona and further expand our operations within the southwestern U.S.,” said Robert W. Beck, President and Chief Executive

Granite Point Mortgage Trust Inc. Announces $269 million Refinancing of Legacy CRE CLO

Lastest from Businesswire - Wed, 03/22/2023 - 16:16
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. Announces $269 million Refinancing of Legacy CLO

 Heritage Global Announces Appointment of Bill Burnham to Board of Directors

Lastest from Businesswire - Wed, 03/22/2023 - 16:16
SAN DIEGO--(BUSINESS WIRE)--Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HG” or “the Company”), an asset services company specializing in financial and industrial asset transactions, today announced the appointment of William (“Bill”) Burnham to its Board of Directors. Mr. Burnham brings more than 20 years of extensive investment and capital markets experience as an institutional investor, venture capitalist and public equity analyst. As the Founder and Managing Partner of Inductive

Upstart Launches the Upstart Macro Index

Lastest from Businesswire - Wed, 03/22/2023 - 16:16
SAN MATEO, Calif.--(BUSINESS WIRE)--Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending marketplace, today announced the launch of the Upstart Macro Index (UMI). In an industry first, UMI is designed to estimate how changing macroeconomic conditions, such as personal savings rate, inflation, and unemployment, are impacting the credit performance of Upstart-powered loans. “To date, it’s been difficult for lenders to isolate the impact of the macroeconomy on their loan portfoli

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