INDUSTRY PROFILE: Financial markets in the United States are the largest and most liquid in the world. In 2018, finance and insurance represented 7.4 percent (or $1.5 trillion) of U.S. gross domestic product. Leadership in this large, high-growth sector translates into substantial economic activity and direct and indirect job creation in the United States. Let’s […]
This report focuses on the equity investments and advisory services of Goldman Sachs in medium and large-scale enterprises. While the firm has a record of outstanding performance in its business overall; from the vantage points of global trends to the variables of potential disruptions, this report evaluates how the firm may already be facing light […]
SAN FRANCISCO — Wells Fargo today shared the latest community impact of the company’s Open for Business Fund, a roughly $420 million national small business recovery effort to help those hardest hit during and after the COVID-19 pandemic. Launched in 2020, grantees report the Open for Business Fund has now benefited more than 336,000 small […]
CHARLOTTE, NC – Today, 46% of Gen Zers (ages 18-27) rely on financial assistance from parents and family, according to new research from Bank of America’s Better Money Habits® financial education team. In addition, 52% of those surveyed said they don’t make enough money to live the life they want and cite the cost of […]
WASHINGTON, DC – Fannie Mae (FNMA/OTC) announced today that it has executed a new Credit Insurance Risk Transfer™ (CIRT™) transaction. CIRT 2024-L3 transferred $337.2 million of mortgage credit risk to private insurers and reinsurers. “We appreciate the support of the 27 insurers and reinsurers that committed to write coverage on this deal,” said Rob Schaefer, […]
(Baltimore) – JPMorgan Chase announced an $8.45 million philanthropic commitment to nonprofit organizations and programs across the city of Baltimore to support economic and community development. Specifically, the firm’s funding will address residential vacancies to stabilize housing supply and promote access to affordable homeownership; support commercial corridor revitalization; and promote small business growth. This announcement […]
SAN FRANCISCO — Wells Fargo (NYSE: WFC) and Mastercard announced the new Attune℠ World Elite Mastercard®, designed to reward cardholders on their purchases that impact their wellbeing, their pets, and the world around them. Cardholders earn unlimited 4% cash rewards on fitness and wellness purchases as well as select sports and entertainment purchases. “We are […]
New York, NY, May 30, 2024 – J.P. Morgan Self-Directed Investing continues to roll out enhancements to help clients make informed decisions, build a diversified portfolio and keep a pulse on their performance. With the latest capability, investors can buy a fraction of a stock or exchange-traded fund for as little as $5. Clients can […]
SAN FRANCISCO — Wells Fargo & Company (NYSE: WFC) today announced that on June 15, 2024 (which, due to the occurrence of a non-business day, will shift to June 17, 2024), it will redeem all 80,000 outstanding shares (the “Redeemed Series S Preferred Shares”) of its 5.90% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, […]
Mastercard introduces new capabilities and benefits for Engage and Fintech Express, making it easier for fintech partners to bring new solutions to market Mastercard is enhancing the Engage program and Fintech Express platform, making it even easier for fintechs and enablers to partner with Mastercard1 to quickly build and deploy solutions globally. Engage now includes […]
