Federal Reserve Board of Governors

VNET Reports Unaudited First Quarter 2023 Financial Results

Retrieved on: 
Wednesday, May 24, 2023
IDC, Employment, Cabinet (government), Marketing, Internet, Bank statement, ADS, CASH, GAAP, H.10, NET, USD, US, VPN, PIN, EBITDA, The Company, Traction, Acquisition, Translation, VNET, Growth, Depreciation, Research, RMB, Federal Reserve Board of Governors, Internet service provider, Video game, Bookkeeping, Cryptocurrency, Bank, Beauty salon

BEIJING, May 24, 2023 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2023.

Key Points: 
  • BEIJING, May 24, 2023 /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2023.
  • "We were pleased to kick off 2023 with a solid first quarter, thanks to our effective dual-core growth strategy and competitive service offerings," said Jeff Dong, Chief Executive Officer of VNET.
  • Tim Chen, Chief Financial Officer of VNET, commented, "During the first quarter, amid China's steady post-pandemic recovery, we delivered revenue of RMB1.81 billion, representing an increase of 9.7% year-over-year.
  • Retail IDC MRR[2] per cabinet increased to RMB9,486 in the first quarter of 2023, compared to RMB9,371 in the fourth quarter of 2022 and RMB9,236 in the first quarter of 2022.

Charles E. Smith Life Communities Announces New Board Leadership

Retrieved on: 
Thursday, May 18, 2023
Housing, Elder abuse, Life, Norwood School, Annual, Nursing, Marpole Women's Auxiliary, Washington metropolitan area, Quality, Audit committee, Tulane University, Central Council of Probation and After-Care Committees, Organization, -elect, Federal Reserve Board of Governors, Benjamin Ring House, Rest, House, Management, Momentum

ROCKVILLE, Md., May 18, 2023 /PRNewswire/ -- Charles E. Smith Life Communities (CESLC) announced the installation of Natalie S. West as Chair of the Board of Governors.

Key Points: 
  • ROCKVILLE, Md., May 18, 2023 /PRNewswire/ -- Charles E. Smith Life Communities (CESLC) announced the installation of Natalie S. West as Chair of the Board of Governors.
  • The new board installation took place during the 113th Annual Meeting of Charles E. Smith Life Communities on May 17, 2023.
  • Scott N. Brody was installed as Chair of Charles E. Smith Life Communities Trustee Funds, Inc. and Mark A. Becker was installed as Chair of Landow House, Inc. Board, Revitz House, Corp. Board and Ring House, Corp. Board.
  • Founded in 1910, Charles E. Smith Life Communities is a nonprofit organization serving more than 1,100 older adults in multiple residences situated on a 38-acre campus in Rockville, Maryland.

Community Bank System, Inc. Announces Quarterly Common Stock Dividend and Results of Annual Shareholders’ Meeting

Retrieved on: 
Wednesday, May 17, 2023
Banking, Professional Services, Finance, Insurance, LLP, Shareholder, Housing, Legislation, Upstate New York, Community Bank, N.A., Indian Administrative Service, PwC, Federal Reserve Board of Governors, Community Bank, CBU, Security (finance), NYSE, Holding company

Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced that it has declared a quarterly cash dividend of $0.44 per share on its common stock.

Key Points: 
  • Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced that it has declared a quarterly cash dividend of $0.44 per share on its common stock.
  • The $0.44 cash dividend represents an annualized yield of 3.85% based on the closing share price of $45.69 on May 16, 2023.
  • Community Bank System, Inc. operates more than 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts through its banking subsidiary, Community Bank, N.A.
  • Community Bank System, Inc. is listed on the New York Stock Exchange and the Company’s stock trades under the symbol CBU.

Minister of Justice and Attorney General of Canada announces a judicial appointment in the province of Ontario

Retrieved on: 
Monday, May 15, 2023
Survivor, Tax Court of Canada, Judiciary Act of 1925, Legislation, University, Justice, The Honourable, Bar, Disability, Criminal code, Superior court, Dean, York University, Woman, Dignity, Questionnaire, Harvard Law School, University of Ottawa Faculty of Law, Carleton University, Supreme, LL.B, Franco-Ontarians, Government, Language, Court of Appeal for Ontario, LL.M, Provost, Cabinet, Gold, Law commission, Tax court, Federal Reserve Board of Governors, Supreme court, Government of Canada, The Criminal Code, Osgoode Hall Law School, Pharmaceutical industry

OTTAWA, ON, May 15, 2023 /CNW/ - The Honourable David Lametti, Minister of Justice and Attorney General of Canada, today announced the following appointment under the judicial application process established in 2016.

Key Points: 
  • OTTAWA, ON, May 15, 2023 /CNW/ - The Honourable David Lametti, Minister of Justice and Attorney General of Canada, today announced the following appointment under the judicial application process established in 2016.
  • At the time of his appointment to the Superior Court of Justice of Ontario in 2017, Justice Monahan was Deputy Attorney General for the Province of Ontario (2012-17).
  • In 2008, he was awarded the Mundell Medal for excellence in legal writing by the Attorney General of Ontario.
  • Federal judicial appointments are made by the Governor General, acting on the advice of the federal Cabinet and recommendations from the Minister of Justice.

Higher Interest Rates, Ease of Moving Money Drive Higher Customer Satisfaction with Online-Only Banks, J.D. Power Finds

Retrieved on: 
Thursday, May 11, 2023
Professional Services, Data Management, Data Analytics, Technology, Fintech, Artificial Intelligence, Banking, Online, Neobank, OCC, Federal Deposit Insurance Corporation, J.D. Power, Partnership, Comptroller, Silver, Intelligence, FDIC, Multimedia, Charles Schwab Corporation, Goldman Sachs, SM, Ally Financial, Bank, Federal Reserve Board of Governors, Online shopping, Retail

Direct Banking Satisfaction Study,SM released today, customer satisfaction with direct banks is up 14 points (on a 1,000-point scale) this year, thanks largely to increases in satisfaction with deposit interest rates and the ease of managing accounts and transferring money using a mobile app.

Key Points: 
  • Direct Banking Satisfaction Study,SM released today, customer satisfaction with direct banks is up 14 points (on a 1,000-point scale) this year, thanks largely to increases in satisfaction with deposit interest rates and the ease of managing accounts and transferring money using a mobile app.
  • No branch, no problem: Direct banks also see significant gains in satisfaction with customer service provided via automated phone-based assistance and live phone operators.
  • Online chat losing ground: One area where direct bank customers report declines in satisfaction is assisted online servicing of checking accounts via chat and email.
  • Online chat service interactions see a 1-point decline in customer satisfaction while email service satisfaction is down 4 points.

Discover Online Savings Account Ranks First for Customer Satisfaction in Direct Banking Study by J.D. Power

Retrieved on: 
Thursday, May 11, 2023
Banking, Personal Finance, Professional Services, Finance, Online, IRAS, Neobank, OCC, Federal Deposit Insurance Corporation, Comptroller, J.D. Power, FDIC, Discover, Compact disc, Discover Card, Federal Reserve Board of Governors, Online shopping, Bank

Direct Banking Satisfaction Study with a score of 748, which is 30 points higher than the segment average and more than 10 points higher than the second placed bank.

Key Points: 
  • Direct Banking Satisfaction Study with a score of 748, which is 30 points higher than the segment average and more than 10 points higher than the second placed bank.
  • Discover Bank’s Online Savings Account ranked highest for features such as helping to reduce banking fees, ease of moving money in and out of the savings account, managing savings through mobile app, managing savings through website, and customer service.
  • Discover’s Online Savings account is just one part of the full suite of banking products offered by Discover Bank.
  • Discover also offers Discover Cashback Debit, which ranked second for customer satisfaction in this year’s study, CDs, IRAs and Money Market Accounts.

Woodward Announces Two Appointments to Board of Directors: Mary Petryszyn and Tana Utley

Retrieved on: 
Wednesday, May 10, 2023
Aircraft, SWE, Bradley University, Society, Northrop Grumman, Defense, WWD, Clarkson University, Hughes Aircraft Company, Tana, Caterpillar Inc., Sloan Fellows, United Service Organizations, NASA RealWorld-InWorld Engineering Design Challenge, Grumman, USO, Electricity, Government, Electronic, Manager, Utley, National Science Board, Syracuse University, Woodward, Inc., C4ISR, Corporation, Caterpillar, Federal Reserve Board of Governors, Raytheon Technologies, Woman, Massachusetts Institute of Technology, Chair, Engine, Management

“They bring deep expertise to their roles as directors, developed through their impressive careers as leaders in aerospace and industrial sectors.

Key Points: 
  • “They bring deep expertise to their roles as directors, developed through their impressive careers as leaders in aerospace and industrial sectors.
  • Petryszyn’s extensive global experience in government and defense markets also includes previous leadership roles at Singer-Link, Hughes Aircraft Company, and Raytheon.
  • Petryszyn serves on the Board of Directors for Saab Inc. and the Board of Governors of the United Service Organizations (USO).
  • Utley currently serves on the board of SPX Technologies Inc. She holds a B.S.

SAS a 10-year leader in model risk governance, per Chartis

Retrieved on: 
Friday, May 5, 2023
Data management, Risk, Senior, Prudential regulation, AMRO Bank, API, ABN AMRO, Office of the Superintendent of Financial Institutions, Risk management, ABN, MRM, Federal Reserve Board of Governors, SAS, Organization, ORRF Risk Research Forum, Financial institution, Acquisition, Prudential Regulation Authority, Architecture, UBS, Superintendent, Retail, Viya, American International Group

CARY, N.C., May 5, 2023 /PRNewswire/ -- As the financial services sector confronts the most perilous risk climate in more than a decade, Chartis Research again recognizes SAS for its innovation in helping banks, insurers and other financial services organizations confidently face the future. Among 18 top solutions evaluated by the renowned research firm, SAS was revealed as the foremost RiskTech Quadrant® category leader in model risk governance.

Key Points: 
  • 3 overall ranking in the Chartis RiskTech100 ® 2023, its consistently high scores across its model validation and model risk governance quadrant evaluations demonstrate the breadth and depth of SAS' risk and compliance solutions."
  • Per Chartis, "The launch of Viya and SAS' long-standing expertise in risk and finance, alongside its sophisticated credit risk modelling, supports its status as a category leader in both model risk governance and model validation."
  • SAS Model Risk Management was heralded for its flexible integration with open source and risk systems, support of regional variations, and one-click model inventory attestation.
  • To explore the latest in model risk management (MRM), including regulatory changes and trends in AI governance and building efficiencies in the modeling life cycle, tune in to the 2023 SAS Model Risk Management Connection , Mastering Model Risk in 2023.

IBC Continues Stellar Earnings

Retrieved on: 
Thursday, May 4, 2023
Banking, Professional Services, Finance, Insurance, Federal Reserve Bank, Federal Reserve Bank of St. Louis, IBC, IBOC, International Bancshares Corporation, FDIC, Accounting, Risk, Security (finance), Federal Reserve Board of Governors, Bank

Our net interest margin has been positively impacted by the increases in interest rates on earning assets while confronting rising interest expense from increasing deposit rates.

Key Points: 
  • Our net interest margin has been positively impacted by the increases in interest rates on earning assets while confronting rising interest expense from increasing deposit rates.
  • Our executive leadership team carefully monitors those decisions in order to manage our deposit base and the cost of our deposits.
  • Furthermore, as has been demonstrated over the last three-plus years, our legacy commitment to expense control and non-interest income growth remains firm to protect our earnings.
  • IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with 167 facilities and 257 ATMs serving 75 communities in Texas and Oklahoma.

Century Next Financial Corporation Reports Results for 1st Quarter 2023

Retrieved on: 
Wednesday, April 26, 2023
ASC, Michael J. Hsu, Comptroller, Current Expected Credit Losses, History of the Federal Reserve System, Sale, Currency, Accounting Standards Codification, CECL, Bloomberg L.P. v. Board of Governors of the Federal Reserve System, Growth, EPS, Bank, ACL, Federal Open Market Committee, Federal Reserve, Family, News, Federal Reserve Board of Governors, Cryptocurrency, Real estate

RUSTON, La., April 26, 2023 (GLOBE NEWSWIRE) -- Century Next Financial Corporation (the “Company”) (OTCQX: CTUY), the holding company of Century Next Bank, with $696 million in assets, today announced financial results for the 1st quarter ended March 31, 2023.

Key Points: 
  • RUSTON, La., April 26, 2023 (GLOBE NEWSWIRE) -- Century Next Financial Corporation (the “Company”) (OTCQX: CTUY), the holding company of Century Next Bank, with $696 million in assets, today announced financial results for the 1st quarter ended March 31, 2023.
  • Total net loans at March 31, 2023 were $563.4 million compared to $537.9 million at December 31, 2022.
  • Deposit growth was strong for the quarter ended March 31, 2023 as total deposits increased by $50.9 million or 9.1% to $611.3 million at March 31, 2023 compared to $560.4 million at December 31, 2022.
  • Century Next Financial Corporation is the holding company for Century Next Bank (the “Bank”) which conducts business from its main office in Ruston, Louisiana.