Comptroller

EXTENDED CLASS PERIOD: Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against New York Community Bancorp, Inc. and Announces Opportunity for Investors with Substantial Losses to Lead Case - NYCB

Retrieved on: 
Saturday, February 17, 2024
Class Action Lawsuit, Professional Services, Legal, Complaint, Acquisition, New York Community Bank, Currency, Pressure, Bloomberg, Risk management, News, Disclosure, NYCB, Signature Bank, Comptroller, Michael J. Hsu, Category

), the New York Community Bancorp class action lawsuit charges New York Community Bancorp and certain of New York Community Bancorp’s top executives with violations of the Securities Exchange Act of 1934.

Key Points: 
  • ), the New York Community Bancorp class action lawsuit charges New York Community Bancorp and certain of New York Community Bancorp’s top executives with violations of the Securities Exchange Act of 1934.
  • A lead plaintiff acts on behalf of all other class members in directing the New York Community Bancorp class action lawsuit.
  • The lead plaintiff can select a law firm of its choice to litigate the New York Community Bancorp class action lawsuit.
  • An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the New York Community Bancorp class action lawsuit.

Wells Fargo Confirms Termination of 2016 OCC Sales Practices Consent Order

Retrieved on: 
Thursday, February 15, 2024
Banking, Professional Services, Finance, News, Wells Fargo, Risk, OCC, Comptroller, Multimedia, Wells Fargo Center

Wells Fargo today confirmed that the Office of the Comptroller of the Currency (OCC) terminated a consent order it issued in 2016 regarding sales practices misconduct.

Key Points: 
  • Wells Fargo today confirmed that the Office of the Comptroller of the Currency (OCC) terminated a consent order it issued in 2016 regarding sales practices misconduct.
  • The consent order required Wells Fargo to revamp how it offers and sells products and services to consumers and take additional actions to protect its customers and employees.
  • This is the sixth consent order that our regulators have terminated since 2019.
  • We are a stronger, better Wells Fargo for our customers and communities, and we will not lose sight of the remaining work to do.

ICBA Opens Center for Innovation in Atlanta

Retrieved on: 
Thursday, February 15, 2024
Finance, Banking, Professional Services, Technology, Software, Innovation, Economic development, Consumer Financial Protection Bureau, Currency, Federal Deposit Insurance Corporation, Federal Reserve, Health, Fintech, Fiserv, Peachtree Street, Ecosystem, Accelerator, Cognitive computer, Independent, Consumer, Invest Atlanta, Comptroller, Environment, ICBA

The Independent Community Bankers of America® ( ICBA ) announced the opening of the new ICBA Center for Innovation in Atlanta, establishing a permanent home for its world-class community bank innovation initiatives.

Key Points: 
  • The Independent Community Bankers of America® ( ICBA ) announced the opening of the new ICBA Center for Innovation in Atlanta, establishing a permanent home for its world-class community bank innovation initiatives.
  • “The ICBA Center for Innovation embodies our commitment to upholding our mission of creating and promoting an environment where community banks flourish,” ICBA President and CEO Rebeca Romero Rainey said.
  • “This space puts ICBA in the center of Atlanta’s financial services community, with our local partners within walking distance of our office.
  • For more information about ICBA ThinkTECH Innovation programming and upcoming opportunities at the ICBA Center for Innovation, visit icba.org/accelerator.

NYCB INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In NYCB To Contact Him Directly To Discuss Their Options

Retrieved on: 
Thursday, February 15, 2024
Acquisition, Court, Currency, Bloomberg, Risk management, New York Community Bank, News, Advertising, Disclosure, NYCB, Woman, Signature Bank, LLP, Comptroller, Michael J. Hsu, Category, Cryptocurrency

NEW YORK, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against New York Community Bancorp, Inc. (“NYCB” or the “Company”) (NYSE: NYCB) and reminds investors of the April 8, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Key Points: 
  • If you suffered losses exceeding $100,000 investing in NYCB stock or options between March 1, 2023 and February 5, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext.
  • Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
  • New York Community Bancorp also disclosed it would cut its quarterly dividend from $0.17 to $0.05 per share.
  • Faruqi & Faruqi, LLP also encourages anyone with information regarding NYCB’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

YS Biopharma Announces Appointment of New Directors

Retrieved on: 
Wednesday, February 14, 2024
CFO, Peking University, Doctor of Philosophy, Project, Legal Affairs, Wanda Group, MBA, Vaccine, General counsel, Shanxi University, Interim, Chairperson, Comptroller, University, Partner, Business administration, Renmin University of China, Biomedical sciences, Business, JD, Ernst & Young, Worcester Polytechnic Institute, International law, Infection, Chemical engineering, YS, DXY, Washington State University, Cancer, Management

GAITHERSBURG, Md., Feb. 14, 2024 /PRNewswire/ -- YS Biopharma Co., Ltd. (Nasdaq: YS) ("YS Biopharma" or the "Company", and together with its subsidiaries, "YS Group"), a global biopharmaceutical company dedicated to discovering, developing, manufacturing, and delivering new generations of vaccines and therapeutic biologics for infectious diseases and cancer, today announced the appointment of six new members to its Board of Directors (the "Board"), effective February 13, 2024.

Key Points: 
  • GAITHERSBURG, Md., Feb. 14, 2024 /PRNewswire/ -- YS Biopharma Co., Ltd. (Nasdaq: YS) ("YS Biopharma" or the "Company", and together with its subsidiaries, "YS Group"), a global biopharmaceutical company dedicated to discovering, developing, manufacturing, and delivering new generations of vaccines and therapeutic biologics for infectious diseases and cancer, today announced the appointment of six new members to its Board of Directors (the "Board"), effective February 13, 2024.
  • Ms. Chunyuan (Brenda) Wu currently serves as the CFO of YS Group, a position she has held since December 31, 2020.
  • Previously, Ms. Wu served as CFO of YS Group Biopharma from 2018-2020, and as Financial Controller for the same company from 2013-2018.
  • Dr. Ajit Shetty, Chairperson of the Board of Directors of the Company, commented, "We are pleased to welcome each of our new directors to the Board.

State of North Carolina Transforms Finance with Oracle Fusion Cloud ERP

Retrieved on: 
Monday, February 12, 2024
Cloud, ERP, Comptroller, Risk management, Risk, Organization, State, EPM, OPN

AUSTIN, Texas, Feb. 12, 2024 /PRNewswire/ -- The State of North Carolina has implemented Oracle Fusion Cloud Enterprise Resource Planning (ERP) to support its mission to protect the financial integrity of the State and promote accountability in an objective and efficient manner. With Oracle Cloud ERP, North Carolina has standardized finance processes in the cloud, increased efficiency, improved controls, and enhanced its ability to serve constituents.

Key Points: 
  • With Oracle Cloud ERP, North Carolina has standardized finance processes in the cloud, increased efficiency, improved controls, and enhanced its ability to serve constituents.
  • "With Oracle Cloud ERP, we have standardized finance processes for our state agencies on a single cloud platform, which has enabled us to achieve more efficient and agile operations as we serve the residents of North Carolina."
  • Oracle Cloud ERP has enabled North Carolina to manage state-wide financials on a complete, modern, cloud ERP suite to increase productivity and improve controls.
  • With Oracle Cloud Enterprise Performance Management (EPM) , part of Oracle Cloud ERP, the State has simplified complex reporting processes across all of its agencies and accelerated decision-making.

Regulatory and Compliance Leaders to Gather at the 2024 Fair Lending Forum Hosted by Asurity® Technologies' RiskExec®

Retrieved on: 
Tuesday, February 6, 2024
Bank of America, SBL, HMDA, Comptroller, Senior, Risk management, OCC, Community, CRA, Policy, Bank, Artificial intelligence, Financial adviser

WASHINGTON, Feb. 6, 2024 /PRNewswire/ -- Asurity Technologies, LLC ("Asurity"), a leader in consumer lending compliance software and advisory services is excited to announce the 2024 Fair Lending Forum, taking place April 29 - May 2, 2024 in Charlotte, NC.

Key Points: 
  • WASHINGTON, Feb. 6, 2024 /PRNewswire/ -- Asurity Technologies, LLC ("Asurity"), a leader in consumer lending compliance software and advisory services is excited to announce the 2024 Fair Lending Forum, taking place April 29 - May 2, 2024 in Charlotte, NC.
  • It's a unique chance for industry professionals to gain valuable insights into the current state and potential future of regulatory compliance that can inform their practices."
  • Grace Brasington, who routinely advises consumer lenders on compliance and risk management matters and leads Asurity's newly launched advisory business, Asurity Advisors, remarked, "The Fair Lending Forum serves as a crucial platform for industry leaders to come together and address the pressing issues.
  • For more information and to register for the 2024 Fair Lending Forum, visit www.fairlendingforum.com or email [email protected] .

Mutual Savings and Loan Association Adopts Plan of Conversion

Retrieved on: 
Friday, February 2, 2024
Comptroller, Growth, Wealth, Prospectus, Michael J. Hsu, Currency, Silver, Security (finance)

METAIRIE, La., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Mutual Savings and Loan Association, a federally chartered savings association headquartered in Metairie, Louisiana, today announced that its Board of Directors adopted a plan to convert Mutual Savings and Loan Association (“Mutual Savings” or the “Association”) to a stock institution (“Plan of Conversion”).

Key Points: 
  • METAIRIE, La., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Mutual Savings and Loan Association, a federally chartered savings association headquartered in Metairie, Louisiana, today announced that its Board of Directors adopted a plan to convert Mutual Savings and Loan Association (“Mutual Savings” or the “Association”) to a stock institution (“Plan of Conversion”).
  • In accordance with the Plan of Conversion, Mutual Savings will become a wholly-owned subsidiary of a stock holding company and the common stock of the holding company will be offered to deposit customers of the Association and others, including members of the general public, in the manner and subject to the priorities set forth in the Plan of Conversion.
  • A proxy statement setting forth detailed information relating to the Plan of Conversion will be sent to the depositor members for their consideration prior to a special meeting called to consider the Plan of Conversion.
  • Silver, Freedman, Taff & Tiernan LLP, Washington, D.C., is special counsel to Mutual Savings and Loan Association for the conversion and stock offering.

Lake Shore Bancorp, Inc. Announces 2023 Fourth Quarter and Year End Financial Results

Retrieved on: 
Wednesday, January 31, 2024
Comptroller, CECL, FDIC, Bank, Environment, Marketing, Current Expected Credit Losses, Total, Sale, Currency, Insurance, Income tax, Cryptocurrency

2023 Full Year and Fourth Quarter Financial Highlights:

Key Points: 
  • 2023 Full Year and Fourth Quarter Financial Highlights:
    Net income decreased to $749,000 during the 2023 fourth quarter, a decrease of $443,000, or 37.2%, when compared to the 2022 fourth quarter.
  • 2023 fourth quarter net interest income decreased $990,000, or 15.1%, to $5.6 million from the 2022 fourth quarter.
  • Interest income for the 2023 fourth quarter was $8.6 million, an increase of $1.1 million, or 15.3%, compared to $7.5 million for the 2022 fourth quarter.
  • 2023 fourth quarter interest expense was $3.1 million, an increase of $2.1 million, or 231.0%, from $923,000 for the 2022 fourth quarter.

UNIFI®, Makers of REPREVE®, Announces Profitability Improvement Plan and Leadership Promotions

Retrieved on: 
Wednesday, January 31, 2024
Environment, Textiles, Chemicals, Plastics, Sustainability, Home Goods, Manufacturing, Fashion, Recycling, Retail, Footwear, Ingle, Interim, Growth, Senior, Unifi, Calendar, General counsel, Textile industry, UFI, Publication, Comptroller, Government, Corporation, Record, Innovation, Profit (economics), Eastern Time Zone, Management

Additionally, the transformation of our sales processes will serve as a direct catalyst to improve gross margins and operational efficiencies.

Key Points: 
  • Additionally, the transformation of our sales processes will serve as a direct catalyst to improve gross margins and operational efficiencies.
  • Collectively these actions will better prepare the business to deliver stronger results as our industry pivots to growth in calendar 2024.
  • The Board and I are thrilled to complete the leadership appointments and promotions, as they will make strong impacts on their respective teams and help drive the future growth of our Company.”
    UNIFI began the implementation of an extensive Profitability Improvement Plan in December 2023.
  • The second part of the Profitability Improvement Plan is focused on gross margin expansion initiatives through a transformation of the Company’s sales process.