Financial services in the United States

Wells Fargo Issues Statement Regarding the Federal Reserve’s Stress Test Results

Retrieved on: 
Monday, June 28, 2021
Finance, Banking, Professional services, White House, Federal Government, Public policy, Government, Financial District, San Francisco, Comprehensive Capital Analysis and Review, Consumer Financial Protection Bureau, Insurance in the United States, United States federal banking legislation, CCAR, Financial services in the United States, Wells Fargo, Finance, Financial services, Fargo, WFC

Wells Fargo & Company (NYSE: WFC) today announced that it has completed the 2021 Comprehensive Capital Analysis and Review (CCAR) stress test process.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced that it has completed the 2021 Comprehensive Capital Analysis and Review (CCAR) stress test process.
  • The Federal Reserve Board (FRB) has indicated that it will publish the Companys final SCB by August 31, 2021.
  • We are pleased that this years CCAR stress test confirmed the significant strength of our capital position.
  • News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Bank of America Comments on Stress Test Results; Plans 17 Percent Dividend Increase

Retrieved on: 
Monday, June 28, 2021
Banking, Professional services, Finance, Comprehensive Capital Analysis and Review, Consumer Financial Protection Bureau, Insurance in the United States, United States federal banking legislation, CCAR, Dividend, Federal Reserve, Financial services in the United States, Finance, Financial services

Bank of America today commented on the results of the Federal Reserves 2021 Comprehensive Capital Analysis and Review (CCAR) and announced plans to increase its quarterly common stock dividend by 17 percent.

Key Points: 
  • Bank of America today commented on the results of the Federal Reserves 2021 Comprehensive Capital Analysis and Review (CCAR) and announced plans to increase its quarterly common stock dividend by 17 percent.
  • Based on the 2021 CCAR results, Bank of America will be subject to a preliminary 2.5 percent stress capital buffer (SCB), unchanged from the current level.
  • These forward-looking statements represent the current expectations, plans or forecasts of Bank of America based on available information.
  • www.bankofamerica.com
    For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts .

AM Best Affirms Credit Ratings of Massachusetts Mutual Life Insurance Company and Its Subsidiaries

Retrieved on: 
Friday, June 25, 2021
Insurance, Professional services, Credit rating agencies, AM Best, Tewksbury Township, New Jersey, Insurance, MassMutual, Finance, Financial services in the United States, Draft:Mutual Insurance Company of Arizona

AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of aa+ (Superior) of Massachusetts Mutual Life Insurance Company (MassMutual) (domiciled in Springfield, MA) and its life/health subsidiaries, C.M.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of aa+ (Superior) of Massachusetts Mutual Life Insurance Company (MassMutual) (domiciled in Springfield, MA) and its life/health subsidiaries, C.M.
  • Life Insurance Company and MML Bay State Life Insurance Company (both domiciled in Enfield, CT).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .

USAA Appoints New Chief Strategy Officer

Retrieved on: 
Thursday, June 24, 2021
USAA, Omnichannel, Recipients of the Legion of Merit, Financial services in the United States, Service companies, Economy of the United States

SAN ANTONIO, June 24, 2021 /PRNewswire/ --USAA announced today that Ameesh Vakharia has joined the company as executive vice president and chief strategy officer, reporting to USAA Chief Executive Officer Wayne Peacock.

Key Points: 
  • SAN ANTONIO, June 24, 2021 /PRNewswire/ --USAA announced today that Ameesh Vakharia has joined the company as executive vice president and chief strategy officer, reporting to USAA Chief Executive Officer Wayne Peacock.
  • Vakharia joins USAA after a 10-year tenure with Truist Bank where he held strategy, product management and omnichannel leadership roles and served on the bank's operating council.
  • "We are are excited to welcome a leader of Ameesh's caliber to USAA," said Peacock.
  • For more information about USAA, follow us on Facebook or Twitter (@USAA), or visit usaa.com.

Marsh McLennan to Host Second Quarter Earnings Investor Call on July 22

Retrieved on: 
Thursday, June 24, 2021
Consulting, Professional services, Finance, Marsh, Service companies, New York Stock Exchange, MMC, Financial services in the United States

Marsh McLennan (NYSE: MMC), the worlds leading professional services firm in the areas of risk, strategy and people, plans to announce second quarter financial results via news release on Thursday, July 22, 2021, before the market opens.

Key Points: 
  • Marsh McLennan (NYSE: MMC), the worlds leading professional services firm in the areas of risk, strategy and people, plans to announce second quarter financial results via news release on Thursday, July 22, 2021, before the market opens.
  • Following the news release, President and CEO Dan Glaser and CFO Mark McGivney will lead a teleconference with investors at 8:30 a.m. EDT.
  • Marsh McLennan (NYSE: MMC) is the worlds leading professional services firm in the areas of risk, strategy and people.
  • With annual revenue over $17 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses.

First Community Mortgage Receives 'Best Workplaces' Recognitions

Retrieved on: 
Wednesday, June 23, 2021
Mortgage industry of the United States, Economy of the United States, Loans, Financial services in the United States, Finance, Fannie Mae, Freddie Mac, Mortgage loan, Live Well Financial, HomeBridge Financial Services

"Our employees are amazing and make us the organization we are today,"says Keith Canter , CEO of First Community Mortgage and one of the company's founders.

Key Points: 
  • "Our employees are amazing and make us the organization we are today,"says Keith Canter , CEO of First Community Mortgage and one of the company's founders.
  • First Community Mortgage, Inc. is a wholly owned subsidiary of First Community Bank of Tennessee, and includes Wholesale, Correspondent and Retail divisions.
  • FCM is a FNMA, FHLMC, and GNMA seller/servicer and offers mortgage solutions to consumers and financial institutions.
  • First Community Mortgage is an Equal Housing Lender, NMLS ID 629700.

Alberto G. Musalem to Join Freddie Mac Board of Directors

Retrieved on: 
Tuesday, June 22, 2021
Mortgage industry of the United States, Affordable housing, Freddie Mac, Economy of the United States, Companies, Financial services in the United States

MCLEAN, Va., June 22, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that Alberto G. Musalem has been elected to its Board of Directors effective June 17, 2021.

Key Points: 
  • MCLEAN, Va., June 22, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that Alberto G. Musalem has been elected to its Board of Directors effective June 17, 2021.
  • Mr. Musalem brings significant finance, capital markets, economics, and public policy expertise to our Board, said Sara Mathew, non-executive chair of Freddie Macs Board of Directors.
  • Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.
  • Learn more at FreddieMac.com , Twitter @FreddieMac and Freddie Macs blog FreddieMac.com/blog .

Travel Insurance For Cruises Skyrockets, Up 60 Percent

Retrieved on: 
Monday, June 21, 2021
Companies, Insurance, Travel insurance, The Travelers Companies, Financial services in the United States, Service companies

WARWICK, R.I., June 21, 2021 /PRNewswire/ -- Today, InsureMyTrip , the nation's first-and-largest unbiased travel insurance comparison site, said the number of policies sold for future cruises hit their highest levels since February 2020 up 60 percent from four weeks ago.

Key Points: 
  • WARWICK, R.I., June 21, 2021 /PRNewswire/ -- Today, InsureMyTrip , the nation's first-and-largest unbiased travel insurance comparison site, said the number of policies sold for future cruises hit their highest levels since February 2020 up 60 percent from four weeks ago.
  • "Travel insurance has always been top-of-mind for cruisers.
  • Travel insurance agents urge travelers to buy cruise-specific travel insurance from InsureMyTrip, an unbiased and trusted third-party travel insurance comparison site that also offers the most options for insuring redeemed vouchers.
  • Note: Travel insurance plans with an optional "cancel for any reason" coverage offer the most protection for cruisers who may want coverage for COVID-19 related fears.

The Hanover Insurance Group, Inc. to Issue Second Quarter Financial Results on July 27

Retrieved on: 
Monday, June 21, 2021
Hanover Insurance, THG, Insurance, Financial services in the United States, Service companies, Financial services

WORCESTER, Mass., June 21, 2021 /PRNewswire/ --The Hanover Insurance Group, Inc. (NYSE: THG) expects to issue its second quarter financial results after the market closes on Tuesday, July 27.

Key Points: 
  • WORCESTER, Mass., June 21, 2021 /PRNewswire/ --The Hanover Insurance Group, Inc. (NYSE: THG) expects to issue its second quarter financial results after the market closes on Tuesday, July 27.
  • The company expects to webcast a discussion of its results on Wednesday, July 28, at 10:00 a.m.
  • The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States.
  • Together with its agent partners, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items.

Applied Blockchain, Inc. Completes Name Change as It Prepares to Pursue Uplisting to Major Exchange

Retrieved on: 
Friday, June 18, 2021
OTC Markets Group, Corporate governance, United States Securities Regulation, Regulatory compliance, Business, Articles, Financial services in the United States

"Companies that trade on the OTCQB must meet high standards for financial disclosure, compliance with securities laws and corporate governance.

Key Points: 
  • "Companies that trade on the OTCQB must meet high standards for financial disclosure, compliance with securities laws and corporate governance.
  • We are committed to meeting those standards and providing transparency for shareholders and potential investors.
  • This is a crucial step for our company as we move forward with our growth agenda and ultimately pursue a listing on a major exchange later this year."
  • These statements are based on current expectations of future events and thus are inherently subject to uncertainty.