PNC | Jotup

Forward Party Endorses Joe Rockey, Expanding His Coalition Built to Return Consensus Governance to Allegheny County

Retrieved on:

Thursday, September 21, 2023

PITTSBURGH, Sept. 21, 2023 /PRNewswire/ -- The newly formed Forward Party, co-founded by onetime Democratic presidential candidate Andrew Yang and Republican governor of New Jersey Christine Todd Whitman, today endorsed Joe Rockey for Allegheny County Executive, broadening the Rockey campaign's coalition of political moderates.

Key Points:

"Joe Rockey's platform focuses on real solutions to pressing problems in Allegheny County, including public safety, jobs, and tax reform, and aligns with the ethos at the heart of the Forward Party," said Yang.
The people of Allegheny County are facing unprecedented challenges, and they're looking for a leader who will focus on real solutions and consensus.
Forward Party candidates are accountable to the voters, and they will focus on solutions, not partisan fighting, in order to serve their constituents better.
https://www.forwardparty.com
For more information about the Forward Party, please read through our Prospectus and Q1 Fact Sheet .

San Juan Basin Royalty Trust Announces PNC Bank, National Association Signs an Agreement of Conditional Resignation with Argent Trust Company

Retrieved on:

Tuesday, September 12, 2023

PNC Bank, National Association (“PNC”), as the trustee (the “Trustee”) of the San Juan Basin Royalty Trust (the “Trust”) (NYSE: SJT), announced that it has entered into an Agreement of Conditional Resignation with Argent Trust Company, a Tennessee chartered trust company (“Argent”), pursuant to which the Trustee will be resigning as trustee of the San Juan Basin Royalty Trust, and will nominate Argent as successor trustee.

Key Points:

PNC Bank, National Association (“PNC”), as the trustee (the “Trustee”) of the San Juan Basin Royalty Trust (the “Trust”) (NYSE: SJT), announced that it has entered into an Agreement of Conditional Resignation with Argent Trust Company, a Tennessee chartered trust company (“Argent”), pursuant to which the Trustee will be resigning as trustee of the San Juan Basin Royalty Trust, and will nominate Argent as successor trustee.
PNC assumed the administration of the Trust in 2021 through the acquisition of BBVA USA Bancshares, Inc. PNC’s decision to resign is based on its determination that the administration of royalty trusts, such as the Trust, is not part of its long-term strategy.
PNC has appreciated the opportunity to serve as Trustee of the San Juan Basin Royalty Trust over the past two years and welcomes collaborating with Argent in the transition as successor trustee.
The Trustee’s resignation as Trustee, and Argent’s appointment as successor trustee, are subject to certain conditions set forth in the Agreement of Conditional Resignation, which include the Unit Holders’ appointment of Argent as successor trustee and the approval of any amendments to the San Juan Basin Royalty Trust Indenture necessary to permit Argent to serve as successor trustee.

Mobile Banking Use Fueled by Enhanced Financial Management Tools, Improved Demos and Advancing Virtual Assistant Skills

Retrieved on:

Wednesday, September 13, 2023

WILMINGTON, Del., Sept. 13, 2023 /PRNewswire-PRWeb/ -- Keynova Group, the principal competitive intelligence source for digital financial services firms, today announced the results of the Q3 2023 edition of its semi-annual Mobile Banker Scorecard. For the fifth consecutive time, U.S. Bank earned top honors for its mobile banking capabilities and customer experience, ranking No. 1 for Overall Score in an evaluation of the country's 17 leading mobile banking offerings and placing first for Mobile App banking as well.

Key Points:

For the fifth consecutive time, U.S. Bank earned top honors for its mobile banking capabilities and customer experience, ranking No.
1 for Overall Score in an evaluation of the country's 17 leading mobile banking offerings and placing first for Mobile App banking as well.
--Susan Foulds, Managing Director, Keynova Group
The Q3 2023 Mobile Banker Scorecard reveals a rise in personal financial management (PFM) tools for mobile, the growing importance of demonstrating banks' mobile apps to prospective customers with informative self-directed tours or videos, and advancements in intelligent virtual assistant skills.
Simulated tours of mobile apps that showcase customer journeys for various banking and payment activities, including virtual assistants and financial management resources, is crucial to winning new customers."

PNC Survey Shows Business Owner Optimism Soars To 21-Year Record High While Hiring Concerns Linger

Retrieved on:

Thursday, September 7, 2023

Expectations for sales are similar to the spring survey, with 62% expecting an increase.

Key Points:

Expectations for sales are similar to the spring survey, with 62% expecting an increase.
Nearly two-thirds (65%) attribute their greater optimism for their business to confidence in their ability to run it.
Other findings in the survey include:
Seeking Artificial Intelligence: One in three business owners (33%) believe Artificial Intelligence (AI) applications could be useful to their business.
Supply Chain Concerns Abate: Business leaders' top concern for their business in the next six months has shifted from supply chain disruptions to costs.

San Juan Basin Royalty Trust Announces Settlement Agreement

Retrieved on:

Thursday, September 7, 2023

PNC Bank, National Association, as the trustee (the “Trustee”) of the San Juan Basin Royalty Trust (the “Trust”) (NYSE: SJT), announced that an agreement between the Trustee and Hilcorp San Juan L.P. (“Hilcorp”), the owner of the Trust’s subject interests, will result in the payment of $1,037,093.45 to the Trust by Hilcorp to resolve the 2017-2020 Disputed Expenses exceptions and enter into an amendment to the Conveyance Agreement with respect to the expenses associated with the operator’s saltwater disposal facilities.

Key Points:

PNC Bank, National Association, as the trustee (the “Trustee”) of the San Juan Basin Royalty Trust (the “Trust”) (NYSE: SJT), announced that an agreement between the Trustee and Hilcorp San Juan L.P. (“Hilcorp”), the owner of the Trust’s subject interests, will result in the payment of $1,037,093.45 to the Trust by Hilcorp to resolve the 2017-2020 Disputed Expenses exceptions and enter into an amendment to the Conveyance Agreement with respect to the expenses associated with the operator’s saltwater disposal facilities.
The Trustee engaged in extensive discussions with Hilcorp regarding these exceptions that culminated in Hilcorp’s agreement to pay the sum of $1,037,093.45, which includes the accumulated interest incurred as a result of the underpayment.
Therefore, on August 30, 2023, the Trust and Hilcorp entered into a Compromise and Settlement Agreement whereby Hilcorp would (i) pay the sum of $1,037,093.45 to resolve the 2017-2020 Disputed Expenses that resulted in the underpayment of royalties and (ii) enter into an amendment to the Conveyance Agreement with respect to the expenses associated with the operator’s saltwater disposal facilities.
The settlement amount includes the interest incurred over the time period of the underpayment.

The PNC Financial Services Group Announces Third Quarter Earnings Conference Call Details

Retrieved on:

Friday, September 1, 2023

PNC Financial Services, PNC, Conference, NYSE, Bank

PITTSBURGH, Sept. 1, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the third quarter at approximately 6:30 a.m. (ET), Friday, Oct. 13, 2023, as previously announced.

Key Points:

PITTSBURGH, Sept. 1, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the third quarter at approximately 6:30 a.m. (ET), Friday, Oct. 13, 2023, as previously announced.
PNC Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 11 a.m. (ET).
The following will be accessible at www.pnc.com/investorevents : a link to the live audio webcast on the day of the conference call; presentation slides, earnings release and supplementary financial information; and a webcast replay available for 30 days.
A telephone replay of the call will be available for one week at (800) 633-8284 and (402) 977-9140 (international), Conference ID 22027858.

Persad Center Announces Date for Art for Change

Retrieved on:

Tuesday, August 29, 2023

Persad Center is pleased to announce its 36th annual “Art for Change 2023” event will take place on Friday, September 22 at Stage AE on the North Shore.

Key Points:

Persad Center is pleased to announce its 36th annual “Art for Change 2023” event will take place on Friday, September 22 at Stage AE on the North Shore.
Mia Tarducci, this year’s Art for Change Committee Chair, has selected an additional 50-75 pieces submitted from the generous, loyal art community that will be juried into the main gallery section of the show.
According to Marty Healey, Chief Executive Officer of Persad Center, “The mental health of the LGBTQ+ community is significant.
Art for Change has been the catalyst to provide much-needed funds to those who need our specialized services.

H&H Group achieves robust double-digit top-line growth in the first half of 2023, setting the Group up for a positive growth outlook for the full year

Retrieved on:

Friday, August 25, 2023

Brand, RSP, ANC, LFL, PNC, HKSE, LTM, AUD, EBITDA, Growth, BNC, Fertilizer, Swisse

LONDON, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Leading global family nutrition company, Health and Happiness (H&H) International Holdings Limited (HKSE: 1112), has announced its interim results for the six months ended 30 June 2023, delivering double-digit top-line growth to place the Group on a strong trajectory for the remainder of the year.

Key Points:

LONDON, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Leading global family nutrition company, Health and Happiness (H&H) International Holdings Limited (HKSE: 1112), has announced its interim results for the six months ended 30 June 2023, delivering double-digit top-line growth to place the Group on a strong trajectory for the remainder of the year.
The Group achieved revenue growth of 17.2% on a reported and like-for-like (“LFL”) basis and positive EBITDA margin across each of its three strategic business pillars, as well as healthy profitability and cash flow
High-margin and fast-growing nutritional supplements across three business pillars have become the largest revenue contributor, making up 60.1% of the Group’s total revenue
Adult Nutrition and Care (ANC) segment has now become the Group’s largest growth contributor delivering revenue growth of 43.2% on a LFL basis, led by a strong first half for Swisse which celebrated surpassing AUD$1billion in global sales1
Baby Nutrition and Care (BNC) segment confined to low single-digit sales decline (-2.1% on a LFL basis) amid strong market headwinds, partly offset by growth in Biostime paediatric probiotic and nutritional supplements
Pet Nutrition and Care (PNC) segment delivered strong revenue growth of 21.4% on a LFL basis, with Zesty Paws officially recognised as the no.1 Brand of Pet Supplements in the US2
1Swisse, Total Net Revenue (Global), AUD, LTM 30 June 2023
2 Source Euromonitor International Limited; Pet Supplements category as per Passport Ecommerce.
All channels included, excluding vets, value sales in RSP, more info at https://zestypaws.com/pages/claim

New PNC Bank Survey of Employers, Employees Finds U.S. Business Productivity is Unexpected Casualty of Inflation

Retrieved on:

Thursday, August 24, 2023

Workforce, Senior counsel, PNC Financial Services, Workplace, PNC, St. Louis Fed Financial Stress Index, Head, Employment, Retirement, Risk, National Association, Employee surveys, NYSE, Management, Online shopping, Health insurance

What's more, 75% of employer respondents say their employees' financial stress negatively affects business.

Key Points:

What's more, 75% of employer respondents say their employees' financial stress negatively affects business.
Other findings in the survey include:
Employers should consider offering financial wellness benefits like a free session with a financial advisor to help meet employees' needs.
PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC).
The Employee Survey was conducted online with a national sample of 1,001 employees ages 21–69 who work full-time at companies with 100+ employees.

Insigneo to Acquire PNC’s Latin American Brokerage and Investment Operations

Retrieved on:

Monday, August 21, 2023

Finance, Professional Services, Digital Cash Management, Digital Assets, Technology, Asset Management, Investment, PNC, PNC Financial Services, Adviser, Acquisition, National Association of Personal Financial Advisors, BNY, Financial services

Insigneo, a leading global wealth management firm, is pleased to announce that Insigneo Securities, LLC and Insigneo Advisory Services, LLC have entered into a definitive agreement to acquire the Latin American consumer brokerage and investment accounts of PNC Investments, PNC Managed Account Solutions, and PNC Bank.

Key Points:

Insigneo, a leading global wealth management firm, is pleased to announce that Insigneo Securities, LLC and Insigneo Advisory Services, LLC have entered into a definitive agreement to acquire the Latin American consumer brokerage and investment accounts of PNC Investments, PNC Managed Account Solutions, and PNC Bank.
The Financial Advisors and client service specialists as well as selected employees that support the operations will be invited to join Insigneo.
"The acquisition of PNC’s Latin American brokerage and investment operations further cements Insigneo’s position in the Americas as a leader in international wealth management," said Raul Henriquez, Chairman and CEO of Insigneo Financial Group.
Insigneo is a leading international wealth management firm providing services and technologies that empower investment professionals to successfully serve their clients globally.