Banks

Morgan Stanley Announces Commitment to Reach Net-Zero Financed Emissions by 2050

Retrieved on: 
Monday, September 21, 2020
Finance, Consulting, Banking, Environment, Professional services, Environmentalism, Sustainability, Articles, Morgan Stanley, Banks, Financial services, Morgan Stanley, the Institute for Sustainable Investing

Morgan Stanley today announced a new commitment to reach net-zero financed emissions by 2050.

Key Points: 
  • Morgan Stanley today announced a new commitment to reach net-zero financed emissions by 2050.
  • Climate change is one of the most complex and interconnected issues of our time, said Audrey Choi, Chief Sustainability Officer at Morgan Stanley.
  • A critical challenge to achieving this goal is the lack of standardized tools and methodologies around measuring and disclosing financed emissions.
  • Morgan Stanley has been a leader in sustainable finance since we founded our Global Sustainable Finance Group over a decade ago, said Matthew Slovik, Head of Global Sustainable Finance at Morgan Stanley.

StepStone Announces Closing of Initial Public Offering

Retrieved on: 
Friday, September 18, 2020
Finance, Financial services, Banks, Primary dealers, Subprime mortgage crisis, UBS, Initial public offering, Investment banking, Stock, Goldman Sachs, Morgan Stanley, Barclays

NEW YORK, Sept. 18, 2020 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced the closing of its initial public offering of 20,125,000 shares of its Class A common stock, which includes the exercise in full by the underwriters of their option to purchase up to 2,625,000 additional shares of Class A common stock, at a public offering price of $18.00 per share.

Key Points: 
  • NEW YORK, Sept. 18, 2020 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) today announced the closing of its initial public offering of 20,125,000 shares of its Class A common stock, which includes the exercise in full by the underwriters of their option to purchase up to 2,625,000 additional shares of Class A common stock, at a public offering price of $18.00 per share.
  • The shares began trading on the Nasdaq Global Select Market on September 16, 2020 under the ticker symbol STEP.
  • J.P. Morgan, Goldman Sachs & Co. LLC and Morgan Stanley acted as joint lead book-running managers for the offering.
  • Barclays and UBS Investment Bank acted as joint book-running managers for the offering.

US Financial 15 Split Corp. Preferred Dividend Declared

Retrieved on: 
Friday, September 18, 2020
Companies, Finance, Banks, Subprime mortgage crisis, Primary dealers, Financial District, San Francisco, U.S. Bancorp, PNC Financial Services, Goldman Sachs, Morgan Stanley, Wells Fargo, BNY Mellon

TORONTO, Sept. 18, 2020 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05017 for each Preferred share, or 10.00% annually based on the previous month end net asset value.

Key Points: 
  • TORONTO, Sept. 18, 2020 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.05017 for each Preferred share, or 10.00% annually based on the previous month end net asset value.
  • Distributions are payable October 9, 2020 to shareholders on record as at September 30, 2020.
  • US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services Group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo.

Financial 15 Split Corp. Regular Monthly Dividend Declaration for Preferred Share

Retrieved on: 
Friday, September 18, 2020
Finance, Companies, Primary dealers, Banks, S&P/TSX 60 Index, Subprime mortgage crisis, Manulife, Citigroup, JPMorgan Chase, Bank of America, Preferred stock, Canadian Imperial Bank of Commerce

TORONTO, Sept. 18, 2020 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.04583 for each Preferred share ($0.550 annually).

Key Points: 
  • TORONTO, Sept. 18, 2020 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.04583 for each Preferred share ($0.550 annually).
  • Distributions are payable October 9, 2020 to shareholders on record as at September 30, 2020.
  • Since inception Class A shareholders have received a total of $20.40 per share and Preferred shareholders have received a total of $8.93 per share inclusive of this distribution, for a combined total of $29.34.
  • Financial 15 invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

New Citi Impact Fund Announces First Investments

Retrieved on: 
Friday, September 18, 2020
Environment, Construction & Property, Women, Philanthropy, Training, Fund Raising, Consumer, Education, Residential Building & Real Estate, Citigroup, Companies, Economy of New York City, Midtown Manhattan, Subprime mortgage crisis, Banks, Citibank

Following the launch of the Citi Impact Fund , the company announced today its first four investments in double bottom line companies through the new fund.

Key Points: 
  • Following the launch of the Citi Impact Fund , the company announced today its first four investments in double bottom line companies through the new fund.
  • Launched earlier this year, the $150 million Citi Impact Fund is the largest fund of its kind to be launched by a bank using its own capital.
  • These companies represent the first of many investments Citi will make through the Citi Impact Fund.
  • This includes the work of Citi Inclusive Finance and the Citi Impact Fund in addition to the philanthropic work conducted by the Citi Foundation.

Driving Continued Inbound and Outbound Investment Success, McDermott Formalizes Latin America Practice

Retrieved on: 
Thursday, September 17, 2020
Finance, Banks, Service industries, Investment banks, Primary dealers, Subprime mortgage crisis, McDermott Will & Emery, UBS, Law firm

MIAMI and DALLAS, Sept. 17, 2020 /PRNewswire/ --International law firm McDermott Will & Emery today announced the launch of its Latin America Practice to assist multinational clients in driving their business, operations and investments in the region.

Key Points: 
  • MIAMI and DALLAS, Sept. 17, 2020 /PRNewswire/ --International law firm McDermott Will & Emery today announced the launch of its Latin America Practice to assist multinational clients in driving their business, operations and investments in the region.
  • "Latin America is such a commercially vibrant region, and we are excited about the myriad opportunities to partner with our clients there."
  • Members of the Latin America Practice bring decades of cross-practice experience counseling multinational corporations, private equity funds, financial service firms and high-net-worth individuals.
  • The Latin America team has a substantial presence in Miami, as well as other strategically located lawyers across Europe and the United States.

ReneSola Power to Present on the UBS Global Energy Transition Call Series

Retrieved on: 
Thursday, September 17, 2020
Finance, Banks, Financial services, Renewable energy commercialization, Energy policy, Subprime mortgage crisis, UBS, Energy transition

STAMFORD, Conn., Sept. 17, 2020 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") ( www.renesolapower.com ) (NYSE: SOL), a leading fully integrated solar project developer, announced that management will present to investors during the UBS Global Energy Transition Call Series today (Thursday, September 17, 2020) at 11:00am EDT.

Key Points: 
  • STAMFORD, Conn., Sept. 17, 2020 /PRNewswire/ -- ReneSola Ltd ("ReneSola Power" or the "Company") ( www.renesolapower.com ) (NYSE: SOL), a leading fully integrated solar project developer, announced that management will present to investors during the UBS Global Energy Transition Call Series today (Thursday, September 17, 2020) at 11:00am EDT.
  • In the hour-long session with investors, ReneSola Power's management team will discuss the key trends and opportunities in the U.S. community solar market.
  • The presentation details are as follows:
    Today's call is part of a series of calls that UBS is hosting with energy experts and emerging energy companies that have innovative and potentially disruptive business models that will benefit from the ongoing energy transition across the globe.
  • ReneSola Power (NYSE: SOL) is a leading global solar project developer and operator.

Citi and Citi Foundation Expand Global Job Skills-Building Initiative to Improve Employability and Economic Opportunity for Underserved Communities

Retrieved on: 
Thursday, September 17, 2020
Banking, MEN, Professional services, Philanthropy, Consumer, Other Education, University, Teens, Education, Foundation, Women, Human resources, Finance, Citigroup, Midtown Manhattan, Subprime mortgage crisis, Economy of New York City, Companies, Banks

Citi and the Citi Foundation today announced an expansion of the global Pathways to Progress initiative, led by a Citi Foundation investment of $100 million to improve employability and economic opportunity around the world.

Key Points: 
  • Citi and the Citi Foundation today announced an expansion of the global Pathways to Progress initiative, led by a Citi Foundation investment of $100 million to improve employability and economic opportunity around the world.
  • Since 2014, the Citi Foundation has invested approximately $200 million globally in Pathways to Progress programming.
  • By 2023, the Citi Foundation expects to cumulatively impact over a million young people around the world with a total investment of $300 million.
  • The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world.

ThroughPut Inc. Appoints the former Vice-Chairman of Bank of America and Distinguished Business Finance Expert, Luke Helms, to its Advisory Board

Retrieved on: 
Thursday, September 17, 2020
Companies, Bank of America, Manulife, Banks, Finance

PALO ALTO, Calif., Sept. 17, 2020 /PRNewswire/ -- ThroughPut Inc ., the Industrial AI Supply Chain pioneer, today announced the appointment of Luke Helms to its Advisory Board.

Key Points: 
  • PALO ALTO, Calif., Sept. 17, 2020 /PRNewswire/ -- ThroughPut Inc ., the Industrial AI Supply Chain pioneer, today announced the appointment of Luke Helms to its Advisory Board.
  • Mr. Helms is the former Vice-Chairman at Bank of America, Vice-Chairman of KeyBank, Chairman and CEO of Seafirst Bank, and a Board Member of LifeLock, ABM Industries, and Manulife.
  • Mr. Helms brings with him five decades of deep domain expertise in the Banking, Insurance, Industrial Finance and Facilities Management sectors.
  • Mr. Helms joining the Advisory Board further reinforces ThroughPut's mission to create the leading AI software platform connecting disparate data sets for Supply Chain, Operational and Financial Excellence.

ThroughPut Inc. Appoints the former Vice-Chairman of Bank of America and Distinguished Business Finance Expert, Luke Helms, to its Advisory Board

Retrieved on: 
Thursday, September 17, 2020
Companies, Bank of America, Manulife, Banks, Finance

PALO ALTO, California, Sept. 17, 2020 /PRNewswire/ -- ThroughPut Inc ., the Industrial AI Supply Chain pioneer, today announced the appointment of Luke Helms to its Advisory Board.

Key Points: 
  • PALO ALTO, California, Sept. 17, 2020 /PRNewswire/ -- ThroughPut Inc ., the Industrial AI Supply Chain pioneer, today announced the appointment of Luke Helms to its Advisory Board.
  • Mr. Helms is the former Vice-Chairman at Bank of America, Vice-Chairman of KeyBank, Chairman and CEO of Seafirst Bank, and a Board Member of LifeLock, ABM Industries, and Manulife.
  • Mr. Helms brings with him five decades of deep domain expertise in the Banking, Insurance, Industrial Finance and Facilities Management sectors.
  • Mr. Helms joining the Advisory Board further reinforces ThroughPut's mission to create the leading AI software platform connecting disparate data sets for Supply Chain, Operational and Financial Excellence.