Banking

Europe Online Payment Methods, 2020 - Online & Mobile Payments on the Rise in Europe - ResearchAndMarkets.com

Thursday, April 2, 2020 - 10:33am

The "Europe Online Payment Methods 2020" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Europe Online Payment Methods 2020" report has been added to ResearchAndMarkets.com's offering.
  • Payment method rankings included in the report show that Europe's Internet shoppers have diverse choices regarding online payments.
  • Surveys and market projections cited by the analyst also reveal that mobile payment usage is growing steadily across Europe.
  • The Nordics were leading in the region by 2019 mobile payment penetration rates, while consumers in Germany and France are yet to catch up.

Anders Fogh Rasmussen, Former Secretary General of NATO and Former Prime Minister of Denmark, joins Citi

Thursday, April 2, 2020 - 9:51am

Citi today announced the appointment of Anders Fogh Rasmussen, the former Secretary General of NATO and former Prime Minister of Denmark.

Key Points: 
  • Citi today announced the appointment of Anders Fogh Rasmussen, the former Secretary General of NATO and former Prime Minister of Denmark.
  • Mr. Rasmussen has been at the centre of European and global politics for over three decades serving as a leading Danish parliamentarian, Danish Minister of Economic Affairs, Prime Minister of Denmark, and as Secretary General of NATO.
  • Anders Fogh Rasmussen began his political career in 1978, becoming the youngest member of Parliament in Denmark at the age of 25.
  • He was promoted to Minister of Economic Affairs in 1990 and became Prime Minister of Denmark in 2001.

Finn AI and Zendesk Integration Enables AI-Powered Digital Self-Service for Banking Customers

Thursday, April 2, 2020 - 1:47am

Finn AI, the worlds leading AI-powered conversational banking technology provider announced its listing on the Zendesk, Inc. (NYSE: ZEN) Marketplace and its new pre-configured integration with Zendesk Chat.

Key Points: 
  • Finn AI, the worlds leading AI-powered conversational banking technology provider announced its listing on the Zendesk, Inc. (NYSE: ZEN) Marketplace and its new pre-configured integration with Zendesk Chat.
  • Finn AIs integration with Zendesk means that banks can easily access a proven, out-of-the-box banking chatbot to deliver digital self-service options.
  • Were delighted to welcome Finn AI to the Zendesk Marketplace as the first banking-specific conversational AI solution.
  • Like Finn AI, their platform is the go-to customer service solution, especially for digital and challenger banks, said Stephen Menon, VP Product Management at Finn AI.

KBRA Releases Report - Coronavirus (COVID 19): States Brace for Crush of Unemployment Claims

Wednesday, April 1, 2020 - 10:38pm

Kroll Bond Rating Agency (KBRA) releases a research report discussing various state preparedness to meet unemployment insurance (UI) claims.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a research report discussing various state preparedness to meet unemployment insurance (UI) claims.
  • In the report, KBRA examines state reserve levels dedicated to meet the unprecedented surge in unemployment claims.
  • However, two of the largest and hardest-hit states, New York and California, have some of the lowest UI reserve levels as measured by the U.S. Department of Labors index.
  • KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.

Discover Financial Services Announces First Quarter 2020 Earnings Release on April 22, 2020 and Conference Call on April 23, 2020

Wednesday, April 1, 2020 - 10:30pm

Discover Financial Services (NYSE: DFS) plans to report its first quarter 2020 results after the market closes on Wednesday, April 22, 2020.

Key Points: 
  • Discover Financial Services (NYSE: DFS) plans to report its first quarter 2020 results after the market closes on Wednesday, April 22, 2020.
  • The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com .
  • A conference call to discuss the firm's results, outlook and related matters will be held on Thursday, April 23, 2020 at 7:00 a.m. Central time.
  • Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services.

Wells Fargo Utilities and High Income Fund Announces Sources of Distribution

Wednesday, April 1, 2020 - 10:03pm

The quoted distribution rate is a figure that uses the funds previous distribution to calculate an annualized figure.

Key Points: 
  • The quoted distribution rate is a figure that uses the funds previous distribution to calculate an annualized figure.
  • The distribution rate is calculated by annualizing the last distribution and then dividing by the period-ending NAV or market price.
  • The Wells Fargo Utilities and High Income Fund is a closed-end equity and high-yield bond fund.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

Wednesday, April 1, 2020 - 10:00pm

The amount distributed per share under a Plan is subject to change at the discretion of the applicable Funds Board.

Key Points: 
  • The amount distributed per share under a Plan is subject to change at the discretion of the applicable Funds Board.
  • The amendment or termination of a Plan could have an adverse effect on the market price of the Fund's shares.
  • For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock .
  • BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the Closed-end Funds section of www.blackrock.com as well as certain other material information as necessary from time to time.

Harris Williams Advises Kissner Group Holdings on its Sale to Stone Canyon Industries Holdings for $2 Billion

Wednesday, April 1, 2020 - 9:39pm

The transaction was led by Tim Webb , Brad Morrison , Ty Denoncourt and Chris Toussaint of the Harris Williams Industrials Group and Joe Conner of the firms Transportation & Logistics (T&L) Group .

Key Points: 
  • The transaction was led by Tim Webb , Brad Morrison , Ty Denoncourt and Chris Toussaint of the Harris Williams Industrials Group and Joe Conner of the firms Transportation & Logistics (T&L) Group .
  • For more information on the firms Industrials Group and other recent transactions, visit the Industrials Groups section of the Harris Williams website.
  • For more information on the firms T&L Group and other recent transactions, visit the T&L Groups section of the Harris Williams website.
  • Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

KBRA Releases Research – Coronavirus (COVID-19): Airport Balance Sheet Liquidity Crucial to Weathering the Crisis

Wednesday, April 1, 2020 - 9:26pm

Kroll Bond Rating Agency (KBRA) releases a report which discusses the favorable positioning of many airport sector credits to withstand the near-term adverse effects of sharply reduced passenger activity in the coronavirus (COVID-19) environment.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) releases a report which discusses the favorable positioning of many airport sector credits to withstand the near-term adverse effects of sharply reduced passenger activity in the coronavirus (COVID-19) environment.
  • KBRA recently took rating action on the airport sector.
  • We view the airports characterized by funded debt service reserves and substantial unrestricted liquid balance sheet assets as providing flexibility to management teams as they face sharply reduced passenger activity and revenues.
  • Click here to view the report.

Angel Oak Financial Strategies Income Term Trust Declares April 2020 Distribution

Wednesday, April 1, 2020 - 9:30pm

Angel Oak Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.1013 per share for the month of April 2020.

Key Points: 
  • Angel Oak Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.1013 per share for the month of April 2020.
  • The record date for the distribution is April 16, 2020, and the payable date is April 30, 2020.
  • The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned.
  • 2020 Angel Oak Capital Advisors, which is the investment adviser to the Angel Oak Financial Strategies Income Term Trust.