Financial services

Schwab Announces Its Summer Business Update

Banking, Professional services, Finance, Finance, Financial services, Charles Schwab Corporation, Bank, Economy
Tuesday, July 7, 2020 - 9:30pm

The Charles Schwab Corporation announced today that it has scheduled a Summer Business Update for institutional investors on Tuesday, July 21st.

Key Points: 
  • The Charles Schwab Corporation announced today that it has scheduled a Summer Business Update for institutional investors on Tuesday, July 21st.
  • This Update, which will be held via webcast, is part of an ongoing series designed to help the investment community keep abreast of recent developments and managements strategic focus.
  • The program is scheduled to run from 8:00 a.m. - 9:00 a.m. PT, 11:00 a.m. - 12:00 p.m.
  • Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products.

Opportune LLP Subsidiary, Dacarba LLC, Taps David Morris as Managing Director to Lead Firm’s Restructuring Practice in Dallas

Other Energy, Legal, Utilities, Oil, Gas, Finance, Energy, Banking, Professional services, Finance, Companies, Financial services, Primary dealers, House of Morgan, JPMorgan Chase, Restructuring, Morris, JPM, Limited liability company
Tuesday, July 7, 2020 - 1:00pm

Opportune LLP subsidiary, Dacarba LLC , is pleased to announce that David Morris has joined the firm as Managing Director to lead the Restructuring practice in Dallas, TX.

Key Points: 
  • Opportune LLP subsidiary, Dacarba LLC , is pleased to announce that David Morris has joined the firm as Managing Director to lead the Restructuring practice in Dallas, TX.
  • View the full release here: https://www.businesswire.com/news/home/20200707005123/en/
    David Morris, Managing Director, Dacarba LLC, an Opportune LLP company (Photo: Business Wire)
    Prior to joining Dacarba, Mr. Morris was Executive Director in the Energy Finance group at JPMorgan Chase (JPM) where he led diligence for financings, structured credit facilities, negotiated legal documents and restructured distressed oil and gas loans.
  • Prior to JPM, Mr. Morris served in corporate banking and debt capital markets roles at CapitalOne and KeyBank.
  • The firms core service offerings include complex financial reporting, litigation support and financial advisory, process and technology, restructuring, strategy and organizational design, tax and valuation.

DGAP-News: DFV Deutsche Familienversicherung successfully places capital increase

Companies, ING Group, Economy of the Netherlands, Financial services
Tuesday, July 7, 2020 - 11:02am

Frankfurt am Main, 7 July 2020 - DFV Deutsche Familienversicherung AG ("DFV", "Deutsche Familienversicherung"), a fast-growing and leading digital insurance company in Europe, has placed a total of 1,326,160 new no-par value bearer shares ("New Shares") at a price of EUR 24.40 per share with institutional investors by way of a private placement in the course of the cash capital increase announced yesterday, making partial use of the authorised capital and excluding shareholders' subscription rights.

Key Points: 
  • Frankfurt am Main, 7 July 2020 - DFV Deutsche Familienversicherung AG ("DFV", "Deutsche Familienversicherung"), a fast-growing and leading digital insurance company in Europe, has placed a total of 1,326,160 new no-par value bearer shares ("New Shares") at a price of EUR 24.40 per share with institutional investors by way of a private placement in the course of the cash capital increase announced yesterday, making partial use of the authorised capital and excluding shareholders' subscription rights.
  • The company will receive gross proceeds of around EUR 32.35 million from the capital increase.
  • The successful capital increase shows that the high scalability of our business model and our growth potential in the digital insurance market continues to be recognised.
  • DFV Deutsche Familienversicherung AG (ISIN DE000A0KPM74) is a fast-growing insurtech company.

Bulgaria: Investment Plan for Europe - EIAH to provide support for the development of a new specialised children’s hospital

European Union, Economy of the European Union, Multilateral development banks, Economy of Europe, Financial services, European Investment Bank, EIB, Lilyana Pavlova, Burgas, European Fund for Strategic Investments
Tuesday, July 7, 2020 - 12:04am

The European Investment Bank (EIB), funded by the European Investment Advisory Hub (EIAH), will provide support to the Municipality of Burgas, Bulgaria, to facilitate project preparation for the construction of the first childrens hospital in the country.

Key Points: 
  • The European Investment Bank (EIB), funded by the European Investment Advisory Hub (EIAH), will provide support to the Municipality of Burgas, Bulgaria, to facilitate project preparation for the construction of the first childrens hospital in the country.
  • The new hospital will address the healthcare needs of children and adolescents in the city of Burgas, one of the fastest growing cities in Bulgaria.
  • EIB Vice-President Lilyana Pavlova, who oversees EIB Advisory Services, said: Advisory support from the EU bank will be key to unlocking investments in the healthcare sector in Bulgaria.
  • European Commissioner for the Economy, Paolo Gentiloni, said: The European Investment Advisory Hub is a fundamental component of the Investment Plan for Europe.
  • With support provided by the Advisory Hub, soon the Municipality of Burgas will boast the first childrens hospital in Bulgaria, which is something to celebrate.
  • Background information The European Investment Advisory Hub (EIAH) is a partnership between theEuropean Investment Bank Groupand theEuropean Commissionunder theInvestment Plan for Europe.
  • Its advisers work directly with project promoters to prepare a tailor-made advisory package to support investment projects.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Wells Fargo & Company of Class Action Lawsuit and Upcoming Deadline – WFC

Abraham Pomerantz, Wells Fargo, Fargo, Pomerantz, WFC, Securities Class Action, Companies, Financial services, Finance
Monday, July 6, 2020 - 11:41pm

NEW YORK, July 06, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Wells Fargo & Company (Wells Fargo or the Company) (NYSE: WFC) and certain of its officers.

Key Points: 
  • NEW YORK, July 06, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Wells Fargo & Company (Wells Fargo or the Company) (NYSE: WFC) and certain of its officers.
  • If you are a shareholder who purchased Wells Fargo securities during the class period, you have until August 3, 2020, to ask the Court to appoint you as Lead Plaintiff for the class.
  • To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions.

Landmark Credit Union Adds New Greenfield, Wisconsin Branch

Economy, Banking, Financial services, Landmark, Credit union, Automated teller machine
Monday, July 6, 2020 - 10:10pm

NEW BERLIN, Wis., July 6, 2020 /PRNewswire/ --On Monday, July 6, Landmark Credit Union added its new Greenfield, Wis., location to its growing branch network.

Key Points: 
  • NEW BERLIN, Wis., July 6, 2020 /PRNewswire/ --On Monday, July 6, Landmark Credit Union added its new Greenfield, Wis., location to its growing branch network.
  • "This much anticipated location is an exciting addition to our branch network," said Jay Magulski, President and Chief Executive Officer.
  • Landmark's Greenfield branch follows the credit union's flagship branch design with key amenities such as private offices, drive-thru lanes and a drive-up ATM.
  • Landmark Credit Union has $4.7 billion in assets and more than 750 employees, who serve over 360,000 members at 33 locations throughout Southern Wisconsin.

Barings BDC, Inc. Announces Conference Call To Discuss Second Quarter 2020 Results

Baring family, Barings LLC, Baring, ING Group, Companies, Economy of the Netherlands, Financial services
Monday, July 6, 2020 - 9:15pm

CHARLOTTE, N.C., July 6, 2020 /PRNewswire/ -- Barings BDC, Inc. (NYSE: BBDC) ("Barings BDC" or the "Company") today announced it has scheduled a conference call to discuss second quarter 2020 financial and operating results for Thursday, August 6, 2020, at 9:00 a.m.

Key Points: 
  • CHARLOTTE, N.C., July 6, 2020 /PRNewswire/ -- Barings BDC, Inc. (NYSE: BBDC) ("Barings BDC" or the "Company") today announced it has scheduled a conference call to discuss second quarter 2020 financial and operating results for Thursday, August 6, 2020, at 9:00 a.m.
  • To listen to the call, please dial 877-407-8831 or 201-493-6736 approximately 10 minutes prior to the start of the call.
  • A taped replay will be made available approximately two hours after the conclusion of the call and will remain available until August 20, 2020.
  • Barings BDC's investment activities are managed by its investment adviser, Barings LLC, a leading global asset manager based in Charlotte, NC with over $327+ billion* of AUM firm-wide.

Greenhill Conference Call to Announce Second Quarter 2020 Financial Results

Finance, Economy, Investment banks, Financial services, GHL, Greenhill & Co., Conference call, New York Stock Exchange, Bok
Monday, July 6, 2020 - 9:05pm

NEW YORK, July 6, 2020 /PRNewswire/ -- Greenhill & Co., Inc. (NYSE: GHL), a leading independent investment bank, plans to announce its second quarter 2020 financial results after the market close on Thursday, July 23, 2020.

Key Points: 
  • NEW YORK, July 6, 2020 /PRNewswire/ -- Greenhill & Co., Inc. (NYSE: GHL), a leading independent investment bank, plans to announce its second quarter 2020 financial results after the market close on Thursday, July 23, 2020.
  • Greenhill will also host a related conference call beginning at 4:30 p.m. Eastern Time that same day (July 23, 2020), accessible via telephone and the internet.
  • Scott L. Bok, Chairman and Chief Executive Officer, will review the Firm's second quarter 2020 financial results and related matters.
  • Investors and analysts may participate in the live conference call by dialing (888) 317-6003 (toll-free domestic) or (412) 317-6061 (international); passcode: 3448698.

Foresters Financial Launches Children's Whole Life Insurance

Economy, Finance, Money, Insurance, Insurance industry, Life insurance, Insurability, Financial services
Monday, July 6, 2020 - 6:00pm

Foresters Financial Chief Distribution Officer Matt Berman, said, "At Foresters, we offer Life Insurance with a Larger Purpose - to enrich the lives of our members and communities.

Key Points: 
  • Foresters Financial Chief Distribution Officer Matt Berman, said, "At Foresters, we offer Life Insurance with a Larger Purpose - to enrich the lives of our members and communities.
  • With BrightFuture, you're not just buying life insurance, you are insuring a child's insurability later in life, and creating a legacy with the gift of a Foresters membership.
  • Since 1874, Foresters Financial has been providing socially responsible financial services to individuals and families.
  • Foresters, its employees and life insurance representatives, do not provide, on Foresters behalf, legal or tax advice.

UBS YES INVESTORS: Dimond Kaplan & Rothstein, P.A. Files Another FINRA Arbitration Claim to Recover UBS Yield Enhancement Strategy Losses

Finance, Companies, Subprime mortgage crisis, UBS, Warburg family, Financial services, Financial Industry Regulatory Authority
Monday, July 6, 2020 - 5:48pm

(DKR) ( http://www.dkrpa.com ) has filed another FINRA arbitration claim against UBS Financial Services, Inc. (UBS) on behalf of investors who lost nearly $1 million in the UBS Yield Enhancement Strategy (YES) option strategy.

Key Points: 
  • (DKR) ( http://www.dkrpa.com ) has filed another FINRA arbitration claim against UBS Financial Services, Inc. (UBS) on behalf of investors who lost nearly $1 million in the UBS Yield Enhancement Strategy (YES) option strategy.
  • UBS is a subsidiary of UBS Group A.G. (NYSE: UBS).
  • The recently filed FINRA arbitration claim alleges, among other things, that UBS failed to adequately disclose the risks of its YES strategy and that UBS did not trade its options.
  • If you lost money in the UBS YES option strategy contact Dimond Kaplan & Rothstein, P.A.