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Wells Fargo & Company Announces Common Stock Dividend and New $40 Billion Common Stock Repurchase Program
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.40 per share, payable June 1, 2025, to stockholders of record on May 9, 2025. The Wells Fargo board of directors also authorized a new common stock repurchase program of up to $40 billion to take effect upon the completion of the current repurchase program. The program will be executed consistent with the company’s internal capital adequac
New Relic Report Reveals High-Business Impact Outages Cost Financial Services and Insurance Sectors $2.2 Million Per Hour
SAN FRANCISCO--(BUSINESS WIRE)-- #finance--New Relic, the Intelligent Observability company, published its State of Observability for Financial Services and Insurance report, which offers insights into the adoption and business value of observability for the financial services and insurance industry. The report, based on insights from financial services and insurance industry professionals surveyed in New Relic’s 2024 Observability Forecast, illustrates that artificial intelligence (AI) is core to observa
CIV Launches with $210M Fund to Back and Build Companies Reshaping Critical Industries
VENICE BEACH, Calif.--(BUSINESS WIRE)-- #CIV--CIV has closed its inaugural CIV Fund One– oversubscribed with more than $210 million in capital commitments, to reshape critical industries.
VSoft Ushers In New Era: Modernizing Core Banking with API-First, Real-Time Solutions for Financial Institutions
ATLANTA--(BUSINESS WIRE)--VSoft Corporation, a trusted provider of technology solutions for nearly three decades, is ushering in a new era of innovation, focused on modernizing core banking with API-first, real-time solutions for banks and credit unions. Under the leadership of Abhishek Veeraghanta, President of VSoft, the company is focused on delivering cutting-edge core and digital banking solutions specifically designed for modern financial institutions facing increased pressure to innovate
Massachusetts Economy Could Lose Billions Annually Due to Trump Administration Policies: BU Study
BOSTON--(BUSINESS WIRE)--The Massachusetts’ economy has been disproportionally harmed and could lose billions of dollars per year as a result of recent Trump Administration policies, according to a new study from Boston University Questrom School of Business. The study, “The Economic Impact of Trump Policies on Massachusetts,” was led by Professor Mark Williams and focuses on Massachusetts’ economic vulnerabilities in the face of Trump Administration policies. According to the study, the unfavo
Caroline Lee Joins Seward & Kissel’s Corporate Group as Partner
NEW YORK--(BUSINESS WIRE)--Seward & Kissel LLP is pleased to announce that Caroline M. Lee has joined the Firm’s New York office as a partner in its Corporate Group. Lee, a veteran fund finance lawyer from Dechert LLP, has extensive experience in complicated financings designed to provide fund-level leverage to facilitate and support investment activities. “Caroline’s expertise in fund finance significantly enhances our capabilities,” said Nick Katsanos, partner and Chair of the Corporate G
Churchill Stateside Group Closes $7,865,000 Forward-Committed Permanent Loan for 95-Unit New Construction Senior Living Housing Community in Lancaster, OH
CLEARWATER, Fla.--(BUSINESS WIRE)--Churchill Stateside Group, LLC (“CSG”), a real estate and renewable energy financial services company, is proud to announce the closing of a $7,865,000 forward-committed permanent loan for The Reserve at Hunter Trace, a new 95-unit affordable senior living housing development located in Lancaster, Ohio. The financing, provided by Churchill Mortgage Investment LLC (“CMI”), supports the development of a three-story building offering a mix of one- and two-bedroom
City of McAllen Engages Apps Associates to Enhance Constituent Service and Modernize ERP Systems
MCALLEN, Texas--(BUSINESS WIRE)-- #AppsAssociates--City of McAllen selects Apps Associates and DLT to modernize ERP with Oracle Cloud and enhance constituent service delivery.
Vaquero Midstream Announces a 70-Mile Pipeline Extension and Gas Processing Projects in the Southern Delaware Basin
DALLAS--(BUSINESS WIRE)-- #delawarebasin--Vaquero Midstream announces a 70-mile pipeline extension and gas processing projects in the Southern Delaware Basin
CoreX Completes Acquisition of Volteo Digital and Expands ServiceNow Center of Excellence with Agentic AI Laboratory in Guadalajara
RADNOR, Pa.--(BUSINESS WIRE)--CoreX, a next-generation ServiceNow consultancy and NewSpring Holdings platform company, today announced the successful completion of its acquisition of Volteo, LLC, an Elite ServiceNow partner. The company also unveiled a significant investment in Guadalajara, Mexico by expanding its Agentic AI Laboratory dedicated to ServiceNow innovation. The Agentic AI Laboratory will serve as an innovation hub where clients can collaborate with CoreX experts to develop custom
Global Trade Policy Changes Leave U.S. Frontline Workers Nervous, Angry, and Stressed Out
LOWELL, Mass. & WESTON, Fla.--(BUSINESS WIRE)--Changes in U.S. trade policy have contributed to a growing sentiment of unease and insecurity among frontline workers — those engaged in shift work or non-salaried employees, who typically have to be present in a specific place at an assigned time to do their job — roles which are often sensitive to market fluctuations and price increases. More than half of workers (52%) believe they are at risk of being laid off and nearly three-quarters (74%) fee
Square Expands Banking Services to Give Sellers Better Control of Their Cash Flow
OAKLAND, Calif.--(BUSINESS WIRE)--Square announced new Square Banking tools that give sellers instant access to their cash flow and free, easier ways to manage their earnings. Today, business owners can conveniently sign up for a Square payments account and a free Square Checking¹ account in just minutes through one streamlined application—right on Square’s website and point of sale app. In addition, Square Savings accounts now feature new personalized savings recommendations, informed by cash
Shearwater Health Earns Great Place to Work® Certification Across U.S., Philippines, and India
NASHVILLE, Tenn.--(BUSINESS WIRE)-- #ClinicalTalent--Shearwater Health, a leader in clinician-led clinical solutions, announces its certification as a Great Place to Work® across their markets.
Weave Earns Spot on G2’s 2025 Best Software Awards for Best Healthcare Software Products
LEHI, Utah--(BUSINESS WIRE)--Weave (NYSE: WEAV), a leading all-in-one customer experience and payments software platform for small and medium-sized healthcare businesses, ranked in the top 50 on G2’s 2025 Best Software Awards for the Best Healthcare Software Products list. G2 is the world’s largest and most trusted software marketplace, reaching 100 million buyers annually. The annual Best Software Awards rank the world’s best software companies and products based on authentic, timely reviews f
ISN® Introduces Energy-Based Safety Trainings Through Partnership with Safety Function
DALLAS--(BUSINESS WIRE)--ISN, the global leader in contractor and supplier information management services, announced its partnership with Safety Function, a leader in evidence-based safety, led by Dr. Matthew Hallowell. Through this partnership, ISN contractor customers gain exclusive, unlimited access to 10 Safety Function training courses within the ISNetworld® Learning Management System (LMS) platform at no additional fee. Available courses include the Energy Wheel, High-Energy Hazards and
Summize Launches Next-Gen AI-Powered CLM with Intelligent Agents to Accelerate Reviews and Unlock Contract Insights
BOSTON & MANCHESTER, England--(BUSINESS WIRE)--Summize introduces agentic AI with Summize Intelligent Agents (SIA), giving in-house legal teams powerful new ways to review and manage contracts.
KBRA Mourns the Loss of Marcia Tannian, Director of Finance and Investor Relations at the MTA
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA is deeply saddened to share the news of the passing of Marcia Tannian, Director of Finance and Investor Relations at the Metropolitan Transportation Authority (MTA). Marcia was not only a valued colleague and client, but also a true friend to our organization. Throughout her distinguished career, Marcia exemplified professionalism, dedication, and leadership. Her tireless efforts at the MTA were instrumental in advancing one of the most critical transportation ne
Triad Business Bank Announces Unaudited First Quarter 2025 Results
GREENSBORO, N.C.--(BUSINESS WIRE)--In the first quarter of 2025, Triad Business Bank (the “Bank”) reported net income of $199,000 compared to a loss of $101,000 for the same period a year ago. Net income totaled $0.02 per share in the first quarter of 2025 compared to a loss of $0.02 per share in the first quarter of 2024. Ramsey Hamadi, Chief Executive Officer, commented, “The Bank’s core earnings improved $469,000 over the prior year period due primarily to an increase in the Bank’s net inter
Southern Specialty Underwriters Rebrands as Arbour Specialty and Appoints Rebecca Roberts as President to Lead Growth Strategy
MACON, Ga.--(BUSINESS WIRE)--Southern Specialty Underwriters is proud to announce its rebrand to Arbour Specialty, a milestone that underscores the company’s commitment to enhancing its service to independent agents across the Southeast. With the rebrand, Arbour Specialty has named Rebecca Roberts its new President, positioning the company for significant growth in the new chapter. Founded in 2009, the relaunched Arbour Specialty is a wholesale outlet for specialized personal and business insur
Andersen Global Enhances European Valuation Capabilities through Collaboration with Value & Risk Valuation Services
SAN FRANCISCO--(BUSINESS WIRE)-- #agexpansion--Andersen Global continues to strengthen its valuation capabilities through a Collaboration Agreement with Value & Risk Valuation Services.