Financial District, San Francisco

Wells Fargo to Liquidate Wells Fargo Capital X and First Union Capital II Resulting in the Cancellation of Capital Securities and Distribution of Underlying Debentures to Holders

Retrieved on: 
Friday, February 28, 2020
Banking, Professional services, Finance, Finance, Financial markets, Money, Financial District, San Francisco, Wells Fargo, Debenture, Security, Fargo

No action by the holders of the Capital Securities is required in order to effect the cancellation of the Capital Securities and the distribution of the Debentures.

Key Points: 
  • No action by the holders of the Capital Securities is required in order to effect the cancellation of the Capital Securities and the distribution of the Debentures.
  • The next scheduled interest payment on each series of Debentures after the Liquidation Date will include any accrued and unpaid distributions on the corresponding series of Capital Securities.
  • Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets.
  • With approximately 260,000 team members, Wells Fargo serves one in three households in the United States.

Levi Strauss & Co. Announces Hire of New Chief Human Resources Officer

Retrieved on: 
Wednesday, February 26, 2020
Online Retail, Fashion, Luxury, Retail, Department Stores, Decades, Units of time, Culture, Fashion, Financial District, San Francisco, Levi Strauss & Co., Levi, Strauss

Levi Strauss & Co. (NYSE: LEVI) announced today that it has hired Tracy Layney as Senior Vice President and Chief Human Resources Officer, effective April 20, 2020.

Key Points: 
  • Levi Strauss & Co. (NYSE: LEVI) announced today that it has hired Tracy Layney as Senior Vice President and Chief Human Resources Officer, effective April 20, 2020.
  • View the full release here: https://www.businesswire.com/news/home/20200226006006/en/
    Layney brings over 20 years of experience in human resources and organization strategy, including deep experience in apparel and retail.
  • Tracy is the right leader to help us continue to build an engaged, inclusive, and high-performing culture at Levi Strauss & Co., said Chip Bergh, Levi Strauss & Co. President and CEO.
  • About Levi Strauss & Co.
    Levi Strauss & Co.

Wells Fargo Makes Strategic Investment in DadeSystems

Retrieved on: 
Wednesday, February 26, 2020
Financial District, San Francisco, Fargo, Wells Fargo, Economy of California, Finance, Banks

"DadeSystems has developed a uniquely simplified process for managing account receivables by leveraging advanced data management and machine learning technologies," said Tom Richardson, Managing Director for Wells Fargo Strategic Capital.

Key Points: 
  • "DadeSystems has developed a uniquely simplified process for managing account receivables by leveraging advanced data management and machine learning technologies," said Tom Richardson, Managing Director for Wells Fargo Strategic Capital.
  • "Wells Fargo Strategic Capital is one of the leaders in providing capital to growing fintech companies," said Bill Zayas, president and CEO of DadeSystems.
  • Wells Fargo Strategic Capital, a subsidiary of Wells Fargo & Company, provides long term capital in the form of equity and/or debt to current and prospective Wholesale customers, commercial partners of Wells Fargo, as well as approved Small Business Investment Company (SBIC) funds.
  • Wells Fargo Strategic Capital has approximately 50 team members across the United States and holds over 180 portfolio investments.

Vesta Hires Shabab Muhaddes to Lead Expansion Into Asia Pacific Region

Retrieved on: 
Tuesday, February 25, 2020
Professional services, Marketing, Communications, Security, Technology, Finance, Banking, Payment cards, Credit cards, Money, Finance, Online payments, Debit cards, Financial District, San Francisco, Visa Inc., MasterCard, Vesta, Fraud

Vesta , a pioneer in guaranteed payments and fraud detection, is making a concerted push into the Asia Pacific region with a new office in Singapore.

Key Points: 
  • Vesta , a pioneer in guaranteed payments and fraud detection, is making a concerted push into the Asia Pacific region with a new office in Singapore.
  • Payments industry leader Shabab Muhaddes, formerly of Visa and Mastercard, has been tapped to spearhead the expansion efforts as Vestas Asia Pacific general manager.
  • Asia Pacific is a dynamic and diverse region, and its eclectic mix of economies and rapid growth has created an immediate need for our guaranteed fraud protection and payment solutions, said Ron Hynes, CEO of Vesta.
  • I look forward to bringing these same tangible, positive impacts to organizations and consumers across the Asia Pacific region, said Muhaddes.

500,000 Women and Girls Complete Gap Inc.’s Global Education and Life Skills Training Program

Retrieved on: 
Monday, February 24, 2020
Women, Fashion, Consumer, Retail, Department Stores, Fashion, Decades, Clothing, Financial District, San Francisco, Gap Inc., Gap, Program evaluation, Culture

In advance of International Womens Day, Gap Inc. announced today that over 500,000 women and girls have completed its signature education and life skills training program, P.A.C.E.

Key Points: 
  • In advance of International Womens Day, Gap Inc. announced today that over 500,000 women and girls have completed its signature education and life skills training program, P.A.C.E.
  • Founded on the belief that all women deserve the opportunity to reach their full potential, Gap Inc. originally launched P.A.C.E.
  • in 2007 for women working in the apparel supply chain, where it runs in over 300 factory locations in collaboration with Gap Inc. suppliers.
  • Based on strong program evaluation results, participant feedback, and independent research, Gap Inc. has continually refined and scaled P.A.C.E.

Wells Fargo Reaches Settlements to Resolve Outstanding DOJ and SEC Investigations Related to Historical Community Bank Sales Practices

Retrieved on: 
Friday, February 21, 2020
Banking, Professional services, Finance, Financial District, San Francisco, Wells Fargo, Fargo, Wells, Economy of California, Companies, Banks

Wells Fargo & Company today announced that it has entered into agreements with the United States Department of Justice (DOJ) and the United States Securities and Exchange Commission (SEC) to resolve these agencies investigations into the Companys historical Community Bank sales practices and related disclosures.

Key Points: 
  • Wells Fargo & Company today announced that it has entered into agreements with the United States Department of Justice (DOJ) and the United States Securities and Exchange Commission (SEC) to resolve these agencies investigations into the Companys historical Community Bank sales practices and related disclosures.
  • We are committing all necessary resources to ensure that nothing like this happens again, while also driving Wells Fargo forward.
  • As part of the agreement, no charges will be filed against Wells Fargo provided Wells Fargo abides by all the terms of the agreement.
  • News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions

Retrieved on: 
Friday, February 21, 2020
Banking, Professional services, Finance, Finance, Financial District, San Francisco, Wells Fargo, Investment funds, Money, Economy, Dividend, Income fund, Institutional investors, Companies listed on the New York Stock Exchange

These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions (in the case of the Wells Fargo Income Opportunities Fund, the Wells Fargo Multi-Sector Income Fund and the Wells Fargo Utilities and High Income Fund) or quarterly distributions (in the case of the Wells Fargo Global Dividend Opportunity Fund) to common shareholders of the fund at an annual minimum fixed rate of 7.5% for the Wells Fargo Utilities and High Income Fund, 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund, and 10% for the Wells Fargo Global Dividend Opportunity 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 (in the case of the Wells Fargo Income Opportunities Fund, the Wells Fargo Multi-Sector Income Fund and the Wells Fargo Utilities and High Income Fund) or quarterly distributions (in the case of the Wells Fargo Global Dividend Opportunity Fund) to common shareholders of the fund at an annual minimum fixed rate of 7.5% for the Wells Fargo Utilities and High Income Fund, 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund, and 10% for the Wells Fargo Global Dividend Opportunity 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).

US Financial 15 Split Corp. Preferred Dividend Declared

Retrieved on: 
Thursday, February 20, 2020
Financial services, Finance, Companies, Subprime mortgage crisis, Primary dealers, Financial District, San Francisco, U.S. Bancorp, PNC Financial Services, Wells Fargo, Goldman Sachs, Morgan Stanley, Bank holding company

TORONTO, Feb. 20, 2020 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.06833 for each Preferred share, or 10.00% annually based on the previous month end net asset value.

Key Points: 
  • TORONTO, Feb. 20, 2020 (GLOBE NEWSWIRE) -- US Financial 15 Split Corp ("US Financial 15") declares its monthly distribution of $0.06833 for each Preferred share, or 10.00% annually based on the previous month end net asset value.
  • Distributions are payable March 10, 2020 to shareholders on record as at February 28, 2020.
  • US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo.

Helping Clients Strengthen Customer Connections was Main Driver in Development of Axiom Prepaid Holdings' White Label Programs

Retrieved on: 
Thursday, February 20, 2020
Payment cards, Money, Credit cards, Economy, Debit cards, Financial District, San Francisco, Visa Inc., MasterCard, Payment systems

That is exactly what Axiom Prepaid Holdings set out to help clients achieve when it introduced its white label prepaid card program last fall.

Key Points: 
  • That is exactly what Axiom Prepaid Holdings set out to help clients achieve when it introduced its white label prepaid card program last fall.
  • "Before Axiom entered the white label arena, we watched as other companies introduced programs that focused largely on the revenue-generating side or brand visibility side.
  • With Axiom's white label prepaid Visa and Mastercard programs, clients get a custom-designed physical card or app with their name and logo.
  • Foster says that the data collected via the white label program is "invaluable" in helping clients understand customer behaviors so they can integrate that intelligence into their long-term customer relations programs.

Gap Inc. Becomes thredUP's Largest Clean Out Distribution Partner to Date

Retrieved on: 
Thursday, February 20, 2020
Fashion, Online Retail, Retail, Consumer, Women, Children, MEN, Fashion, Decades, Clothing, Financial District, San Francisco, Gap Inc., Culture, Gap Inc., thredUP

Gap Inc. is the largest clean out participant to date in thredUPs Resale-as-a-Service (RAAS) program, an online platform that partners with retailers to support the circular fashion economy.

Key Points: 
  • Gap Inc. is the largest clean out participant to date in thredUPs Resale-as-a-Service (RAAS) program, an online platform that partners with retailers to support the circular fashion economy.
  • Were thrilled to partner with thredUP in offering a sustainable and innovative way to shop for the closet of the future.
  • This will be the largest distribution of thredUP Clean Out bags and labels to date under the companys RAAS platform.
  • Gap Inc. currently diverts nearly 50% of waste generated from Gap Inc.s North American facilities.