Financial District, San Francisco

Citizens Redefines Private Banking Sector With Launch of Citizens Private Bank

Retrieved on: 
Thursday, October 19, 2023

Citizens Financial Group, Inc. (NYSE: CFG) today announced the national launch of Citizens Private Bank, a significant milestone in Citizens’ long-term strategy to accelerate growth in Wealth Management, improve capabilities in the high-net-worth segment and expand in key markets.

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG) today announced the national launch of Citizens Private Bank, a significant milestone in Citizens’ long-term strategy to accelerate growth in Wealth Management, improve capabilities in the high-net-worth segment and expand in key markets.
  • Citizens Private Bank provides holistic, high-touch client service to high-net-worth individuals, families and businesses, including private family foundations, non-profit, multifamily and commercial real estate, life sciences, private equity and venture capital firms.
  • Citizens is also opening six Private Banking Offices later this year and throughout 2024, with a focus on continued growth throughout the country.
  • Susan deTray serves as Head of Citizens Private Bank, leading the private banking operational and expansion strategy.

Latest Report From Scoop Finds that 80% of FinTech Companies are Fully Flexible Compared to 20% of Financial Services Firms

Retrieved on: 
Tuesday, March 7, 2023

"Even if you sort out FinTech, the vast majority of firms from other Finance subsectors offer some amount of work location flexibility. My biggest curiosity is what will happen with talent flow over time. Even if employee attrition becomes muted slightly because of the macroeconomic environment, my instinct is that over the years FinTechs and more flexible traditional Financial Services firms will use flexibility as a wedge against the fully onsite big banks -- and that flexibility will continue to be a lever deployed to accelerate change in industries."

Key Points: 
  • "Many people might assume that FinTech is the only place to find work location flexibility in Financial Services.
  • "Even if you sort out FinTech, the vast majority of firms from other Finance subsectors offer some amount of work location flexibility.
  • And while Jamie Dimon caused a stir with his full-time in-office mandate for JPMorgan Chase (NYSE: JPM), only 20 percent of Financial Services companies are fully on site.
  • This includes opportunities for fully remote work, roles that are required to be fully on-site, or other hybrid work arrangements.

Wells Fargo Utilities and High Income Fund Announces Sources of Distribution

Retrieved on: 
Monday, August 2, 2021

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.

Wells Fargo Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Friday, July 30, 2021

These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund, and 7% for the Wells Fargo Utilities and High Income Fund based on the funds average monthly net asset value (NAV) per share over the prior 12 months.

Key Points: 
  • These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund, and 7% for the Wells Fargo Utilities and High Income Fund based on the funds average monthly net asset value (NAV) per share over the prior 12 months.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.
  • These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC.
  • Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker-dealer and Member FINRA).

Avidity Biosciences, Inc. Announces Proposed Public Offering of Common Stock

Retrieved on: 
Monday, August 2, 2021

In addition, Avidity intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering.

Key Points: 
  • In addition, Avidity intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering.
  • All of the shares to be sold in the offering are to be sold by Avidity.
  • There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
  • Cowen, SVB Leerink, Evercore ISI and Wells Fargo Securities are acting as joint bookrunning managers for the offering.

ideas42, Wells Fargo Aim to Tackle High Costs of Living in Poverty in the U.S.

Retrieved on: 
Friday, July 30, 2021

These costs may be financial, such as higher fees for accessing basic services, or the costs of everyday goods like groceries, which disproportionately affects low-income households.

Key Points: 
  • These costs may be financial, such as higher fees for accessing basic services, or the costs of everyday goods like groceries, which disproportionately affects low-income households.
  • Tens of millions of Americans live with the effects of having too few resources and opportunities, financial volatility, and uncertainty around income and employment.
  • Shared Prosperity Catalyst is supported by exclusive funding from Wells Fargo.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

CAI International, Inc. Announces Receipt by Subsidiary CAL Funding IV Limited of Requisite Consents in Consent Solicitation Relating to its 2.22% Fixed Rate Asset-Backed Notes, Series 2020-1, Class A

Retrieved on: 
Thursday, July 29, 2021

The Consent Solicitation expired at 5:00 p.m., New York City time, on July 28, 2021 (the Expiration Time).

Key Points: 
  • The Consent Solicitation expired at 5:00 p.m., New York City time, on July 28, 2021 (the Expiration Time).
  • Wells Fargo Securities served as the solicitation agent for the Consent Solicitation.
  • King & Co., Inc. served as the information agent and tabulation agent for the Consent Solicitation.
  • This announcement is also not a solicitation of consents with respect to the Notes or any other securities.

John Tyers Named Head of Independent Advisor Group at Wells Fargo Advisors

Retrieved on: 
Thursday, July 29, 2021

Wells Fargo & Company (NYSE: WFC) announced today that John Tyers will join the company on July 30 as head of the Independent Advisor group at Wells Fargo Advisors.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) announced today that John Tyers will join the company on July 30 as head of the Independent Advisor group at Wells Fargo Advisors.
  • Wells Fargo Advisors is a part of Wells Fargo Wealth & Investment Management (WIM), a division within Wells Fargo & Company and one of the largest wealth managers in the U.S. WIM provides financial products and services through various bank and brokerage affiliates of Wells Fargo & Company.
  • Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
  • All data includes Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, as of June 30, 2021. www.wellsfargoadvisors.com

Belong Acquisition Corp. Announces Completion of $150,000,000 Initial Public Offering

Retrieved on: 
Tuesday, July 27, 2021

Wells Fargo Securities, LLC and Loop Capital Markets LLC served as joint book-running managers for the offering.

Key Points: 
  • Wells Fargo Securities, LLC and Loop Capital Markets LLC served as joint book-running managers for the offering.
  • R. Seelaus & Co., LLC, Samuel A. Ramirez & Company, Inc. and Siebert Williams Shank & Co., LLC served as co-managers for the offering.
  • The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.
  • This press release contains statements that constitute forward-looking statements, including with respect to the initial public offering.

Hotel Equities Names Albert Smith President, Hotel Operations

Retrieved on: 
Tuesday, July 27, 2021

Atlanta, July 27, 2021 (GLOBE NEWSWIRE) -- Today, hotel owner, operator, and development firm Hotel Equities (HE) announced the appointment of Albert (Al) Smith as President of Hotel Operations.

Key Points: 
  • Atlanta, July 27, 2021 (GLOBE NEWSWIRE) -- Today, hotel owner, operator, and development firm Hotel Equities (HE) announced the appointment of Albert (Al) Smith as President of Hotel Operations.
  • A 20-year luxury hospitality veteran, Smith has held key leadership roles in ground-breaking hospitality companies including Viceroy Hotel Group, SBE Entertainment, and Kimpton Hotels & Restaurants.
  • Al is a true professional with a passion for our industry, said Brad Rahinsky, President & Chief Executive Officer for Hotel Equities.
  • Smith is based in Hotel Equities corporate headquarters in Alpharetta, GA.
    (HE) is an award-winning full-scale hotel ownership, management and development firm with a portfolio of 210+ hotels and projects throughout the United States and Canada.