$PRAA (PRA Group, Inc.)

$PRAA {{ '2016-06-03T13:49:54+0000' | timeago}} • Announcement

$PRAA said Neal Stern's responsibilities, in the U.S. and Canada, will move into the Americas Core group which is led by Chris Graves, EVP. In Europe, Aashutosh Mishra has been promoted to chief analytics officer, PRA Group Europe. Mishra will now lead all aspects of collection strategies and valuation analytics for PRA's European business.

$WFC {{ '2018-01-17T19:29:42+0000' | timeago}} • Announcement

$WFC announced that Senior Executive Vice President Mike Loughlin will retire as the company's Chief Risk Officer. The company expects to name a successor in the next few months and Loughlin will remain in his current role through the transition.

$WFC {{ '2018-01-17T11:46:10+0000' | timeago}} • Webcast

While $WFC's expenses continue to increase on higher litigation accruals and other growth investments, the bank said it is still committed to its target of $4Bil in expense reductions. It also expects to bring its efficiency ratio down to 59% by the end of 2018.

$WFC {{ '2018-01-17T11:45:02+0000' | timeago}} • Webcast

After a series of scandals over the past year, $WFC is now trying to gain confidence of its customers and build long-term relationships. In 2017, the bank has launched numbers of programs and initiatives, such as Automatic zero balance alerts and Overdraft Rewind, which has already helped over 350,000 customers avoid overdraft charges.

$XL {{ '2018-01-16T13:57:27+0000' | timeago}} • Announcement

$XL appointed Leila Madeiros, SVP, Deputy Director and Corporate Secretary of the Association of Bermuda Insurers and Reinsurers, as Head of Compliance & Regulatory Affairs, Bermuda. Madeiros will report to Sean McGovern, $XL's Chief Compliance Officer & Head of Government & Regulatory Affairs and will be a member of his leadership team.

$WFC {{ '2018-01-12T15:28:20+0000' | timeago}} • Announcement

The US corporate tax cuts has saved $WFC about $3.35Bil in 4Q17, but the bank had to set aside $3.25Bil in the quarter to pay for legal costs related to mortgage-related regulatory investigations, sales practices, and other consumer-related matters. The banking giant reported a 17% earnings growth and a 2% revenue growth for 4Q17.

$WFC {{ '2018-01-12T14:10:42+0000' | timeago}} • Infographic

$WFC Wells Fargo & Company Earnings AlphaGraphic: Q4 2017 Highlights

$WD {{ '2018-01-11T17:40:46+0000' | timeago}} • Announcement

$WD has structured a $100MM Freddie Mac Revolving Credit Facility for Presidium Group, LLC. The credit facility was initially secured by two properties, Solaris and The Violet, both located in Texas, and was structured with an additional $50MM in excess capacity for a potential of $150MM in total financing.

$XL {{ '2018-01-11T13:34:39+0000' | timeago}} • Announcement

$XL said that due to the recent wildfires in Southern California it is estimating natural catastrophe net losses of about $45MM and about $20MM related to other events. The estimated losses are evenly split between $XL's Insurance & Reinsurance segments. $XL also reaffirmed its previously disclosed aggregate net losses related to 3Q17 catastrophes.

$XL {{ '2018-01-09T14:10:18+0000' | timeago}} • Announcement

XL Catlin, a unit of insurance firm $XL, has appointed Simon Price as Head of Mergers and Acquisitions, Insurance, EMEA. Price had been working for Marsh's Private Equity and M&A practice, with the most recent role being Head of the company's UK Transaction Risk Team. Earlier, he was engaged in private legal practice in London for 10 years.

$XL {{ '2018-01-05T11:49:49+0000' | timeago}} • Announcement

XL Catlin, a unit of $XL, has appointed Todd Wilhelm as Regional Product Leader of Energy, Property and Construction for Asia Pacific. Most recently, Wilhelm served QBE Insurance as Chief Underwriting Operations Officer. Earlier, he had worked at ACE Insurance and FM Global.

$WBS {{ '2018-01-04T14:23:40+0000' | timeago}} • Announcement

$WBS announced an acceleration of investment in its employees and the communities it serves following the passage of new federal tax reform legislation. These include: lifting minimum wage to $15 per hour by the end of 2018, and payment of one-time $1,000 cash bonus in 1Q18 to full-time employees who are below the vice president level.

$WBS {{ '2018-01-04T14:02:34+0000' | timeago}} • Announcement

$WBS said it will pay a one-time $1,000 cash bonus in 1Q18 to full-time employees who are below the vice president level. This payment will benefit approx. 70% of all the company’s full-time employees. $WBS will also increase its minimum wage to $15 per hour by the end of 2018.

$XL {{ '2018-01-03T22:14:28+0000' | timeago}} • Announcement

$XL announced that Jacob Rosengarten, Group Chief Enterprise Risk Officer, retired effective December 31, 2017. Fielding Norton, who previously held the position of Deputy Chief Enterprise Risk Officer, has been appointed as his successor, subject to Bermuda immigration approval.

$WBS {{ '2018-01-03T17:37:51+0000' | timeago}} • Announcement

$WBS named Frederick Smith as Controller of Webster Bank and Webster Financial Corporation. As Corporate Controller, Smith will serve as a senior leader within $WBS's Accounting Department and oversee the corporation's accounting operations, close and consolidation, and financial reporting activities.

$WFC {{ '2017-12-19T12:32:36+0000' | timeago}} • Announcement

$WFC has appointed Mary Mack to head the company's Consumer Lending business, in addition to Community Banking, effective immediately.

$XL {{ '2017-12-14T16:12:40+0000' | timeago}} • Announcement

Insurance company $XL said it promoted Jay Lefkowitz to the post of President of Global Risk Management. He will continue to report to Joe Tocco, CEO of Catlin's North American insurance business. Lefkowitz had been leading the US Risk Management team since he joined the company in 2011.

$WBS {{ '2017-12-14T13:42:17+0000' | timeago}} • Announcement

$WBS, which provides banking services, raised its prime lending rate by 25 basis points to 4.50%. The decision comes on the heels of the rake hike announced by the Federal Reserve.

$WD {{ '2017-12-12T13:31:03+0000' | timeago}} • Announcement

$WD structured a $50.38MM loan for Matthews Crossing, a Class B multifamily property in Jacksonville, Florida. A steady stream of jobs has moved into the Jacksonville area with the recent addition of $AMZN's second fulfillment center expected to bring 2,500 jobs to the city by the end of 2019.

$XL {{ '2017-12-07T13:56:19+0000' | timeago}} • Announcement

$XL announced its preliminary estimate of natural catastrophe net losses of approximately $250MM for 4Q17 through Dec. 1, 2017. The primary driver of this estimate is the impact of the October 2017 wildfires in Northern California of approx. $200MM primarily from the company’s Reinsurance segment.

$XL {{ '2017-12-04T13:54:10+0000' | timeago}} • Announcement

XL Catlin, part of $XL, appointed Yera Patel to the position of Global Practice Leader for International Financial Lines Claims. Based in London, Patel will be responsible for managing a team of technical practice leaders, driving the resolution of XL Catlin's International Financial Lines claims by delivering market leading service.

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WFC (Wells Fargo & Company)
Friday, January 12 2018 - 3:00pm
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