Month: August 2022

JPMorgan’s Micky Yule has taken home a bronze medal at the Commonwealth Games in Birmingham. The para-powerlifter has been juggling his work in bank operations with intense training as he looks to add to his pile of medals from the Tokyo Olympics and European Games. At around 22:00 on 4 August, Yule claimed her first Commonwealth Games medal. He won bronze at the 2020 Tokyo Olympics and won the 2015 European Championships in the under-80kg category, but has finished fourth in his last two Commonwealth Games. The 43-year-old former British Army sergeant has both legs amputated after stepping on an…

PROVIDENCE, RI–(BUSINESS THREAD)–Citizens Financial Group, Inc. (NYSE: CFG ) today announced the pricing of $800 million of Citizens Bank, NA (“CBNA”) 4.575% fixed/variable rate senior notes due 2028 (the “Notes”). CBNA intends to use the net proceeds of the bond offering for general corporate purposes. The offering of notes is expected to close on August 9, 2022, subject to customary closing conditions. Barclays Capital Inc., Credit Suisse Securities (USA) LLC, JP Morgan Securities LLC, Morgan Stanley & Co. LLC and Citizens Capital Markets, Inc. act as joint managers of the ticket offering. The notes are being offered under CBNA’s $10…

Goldman Sachs CEO David Michael Solomon attends a discussion on “Women Entrepreneurs Across Finance and Markets” at the World Bank on October 18, 2019 in Washington, DC. Olivier Douliery | AFP | Getty Images Goldman Sachs said its credit card business is being investigated by the Consumer Financial Protection Office in a number of billing and payment practices. The bank disclosed the investigation in a quarterly filing Thursday, saying regulators were examining its “account management practices, including with respect to applying chargebacks, crediting nonconforming payments, resolving billing errors , ads and reports to credit bureaus.” Although New York-based Goldman made…

The logo of Coinbase Global Inc, the largest cryptocurrency exchange in the United States, is displayed on the Nasdaq MarketSite jumbotron and others in Times Square in New York, US, on April 14, 2021. Shannon Stapleton | Reuters Coinbase shares soared on Thursday after the crypto exchange announced a partnership with BlackRock that will allow its institutional customers to buy bitcoins. Coinbase shares rose 9%. Earlier in the day they jumped as much as 40%. The services of the company’s Prime offering will be available to customers of BlackRock’s portfolio management platform for institutional investors, Aladdin, the company said on…

CARLSBAD, Calif.–(BUSINESS THREAD)–Lineage Cell Therapeutics, Inc. (NYSE American and TASE: LCTX ), a clinical-stage biotechnology company developing allogeneic cell therapies for unmet medical needs, today announced that it will report its second quarter 2022 financial and operating results on Thursday August 11, 2022, after the close of US financial markets. Lineage Management will also host a conference call and webcast on Thursday, August 11, 2022 at 4:30 PM ET/1:30 PM PT to discuss second quarter financial and operating results of 2022 and to provide a commercial update. Interested parties may access the conference call by dialing (800) 715-9871 from the…

OLDWICK, NJ–(BUSINESS THREAD)–AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of ‘a+’ (Excellent) of property/casualty (P/C) subsidiaries of CNA Financial Corporation (CNAF) [NYSE: CNA], collectively known as CNA Insurance Companies (CNA). In parallel, AM Best has affirmed the long-term ICR of “bbb+” (Good) and all of CNAF’s long-term issuance credit ratings (IR long-term). In addition, AM Best has affirmed the FSR of A (Excellent) and the long-term ICRs of ‘a+’ (Excellent) of Western Surety Group members. The outlook for these credit ratings (ratings) is stable. All of the…

SANTA ROSA, Calif.–(BUSINESS THREAD)–CuneXus, the first and only digital one-stop shop for financial institution account holders, today announced that its customers can now leverage Experian’s data and prescreen technology to provide customers with a frictionless digital consumer lending experience . CuneXus and Experian® will offer compatible digital viewing options for pre-approved offers and help credit unions navigate consumer digital expectations, market competition and regulatory requirements. CuneXus clients can now use Experian’s industry-leading data and prescreen technology to unlock the power of data to create opportunities for consumers, businesses and society. CuneXus segments, targets and pre-screens consumers based on available loan…