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Wells Fargo Bank Decreases Prime Rate to 7.00 Percent
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Bank, N.A., said today it is decreasing its prime rate to 7.00 percent from 7.25 percent, effective tomorrow, Oct. 30, 2025. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consum
Deadline Approaching: Baxter International, Inc. (BAX) Shareholders Who Lost Money Urged to Contact Law Offices of Howard G. Smith
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming December 15, 2025 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Baxter International, Inc. (“Baxter” or the “Company”) (NYSE: BAX) common stock between February 23, 2022 and July 30, 2025, inclusive (the “Class Period”). IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN BAXTER INTERNATIONAL, INC. (BAX), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTI
WEX Inc. Reports Third Quarter 2025 Financial Results
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today reported financial results for the three months ended September 30, 2025. “Our strategy to return to revenue growth was demonstrated in the third quarter with both revenue and earnings exceeding the high end of our guidance ranges,” said Melissa Smith, WEX’s Chair, Chief Executive Officer, and President. “We are focused on driving continued momentum by execut
Citi Lowers Base Rate
NEW YORK--(BUSINESS WIRE)--Citibank, N.A. said today it has lowered its base lending rate to 7.00% from 7.25%, effective tomorrow, Thursday, October 30, 2025. About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals wit
Deadline Approaching: MoonLake Immunotherapeutics (MLTX) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G. Smith
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming December 15, 2025 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased MoonLake Immunotherapeutics (“MoonLake” or the “Company”) (NASDAQ: MLTX) common stock between March 10, 2024 and September 29, 2025, inclusive (the “Class Period”). IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN MOONLAKE IMMUNOTHERAPEUTICS (MLTX), CONTACT THE LAW OFFICES OF HOWARD G. SMIT
AM Best Assigns Credit Ratings to Sabal Specialty Insurance Company, Inc.
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Financial Strength Rating of A-(Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Sabal Specialty Insurance Company, Inc. (Sabal Specialty) (Delaware). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Sabal Specialty’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk
Exchange Bank Announces Third Quarter 2025 Earnings
SANTA ROSA, Calif.--(BUSINESS WIRE)--Exchange Bank (OTC: EXSR) today announced its unaudited financial results for the third quarter 2025, reporting net income after taxes of $8.6 million. HIGHLIGHTS: Third quarter net income after taxes was $8.6 million compared with $4.9 million for the prior year quarter ended September 30, 2024. Net interest income increased by $3.3 million or 17% from the third quarter of 2025 compared to the third quarter of 2024 primarily related to increased loan intere
FI Investors Have Opportunity to Join Fiserv, Inc. Fraud Investigation with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)---- $FI--FI Investors Have Opportunity to Join Fiserv, Inc. Fraud Investigation with the Schall Law Firm
Water UP! Opens Career Pathways for Essex County’s Future Workforce
CAMDEN, N.J.--(BUSINESS WIRE)--New Jersey American Water recently launched its fifth annual Water UP! – Water Utility Pipeline – training program, now hosted at Essex County College (ECC) in partnership with the company’s Short Hills Operations Center. This 10-week workforce development initiative is designed to prepare trainees for careers in the water utility industry through classroom instruction, field training, and professional development. Learn more about New Jersey American Water’s work
Securities Fraud Investigation Into Nidec Corporation (NJDCY) Announced – Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Nidec Corporation (“Nidec” or the “Company”) (OTC: NJDCY) investors concerning the Company’s possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON NIDEC CORPORATION (NJDCY), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On September 3
David Foss, Former President and CEO of Jack Henry, Appointed to WEX Board of Directors
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that David Foss has been appointed to its Board of Directors, effective November 3, 2025. Mr. Foss’s appointment is the result of an extensive search process with the assistance of an independent recruitment firm. Mr. Foss brings over 30 years of leadership experience in financial services and financial technology to WEX, most recently as Chief Exec
Regions Bank Reduces its Prime Lending Rate
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Bank announced a reduction in its prime lending rate effective Oct. 30, 2025.
MVB Financial Corp. Announces Third Quarter 2025 Results
FAIRMONT, W.Va.--(BUSINESS WIRE)-- #banking--MVB Financial announced financial results for the third quarter of 2025, with reported net income of $17.1 million.
Prudential Financial, Inc. Announces Third Quarter 2025 Results
NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) today reported third quarter results. Net income attributable to Prudential Financial, Inc. was $1.431 billion ($4.01 per Common share) for the third quarter of 2025, compared to net income of $448 million ($1.24 per Common share) for the third quarter of 2024. After-tax adjusted operating income was $1.521 billion ($4.26 per Common share) for the third quarter of 2025, compared to $1.208 billion ($3.33 per Common share) for
MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds
BOSTON--(BUSINESS WIRE)--MFS releases closed end fund distribution income sources for certain funds for October 2025
Regional Management Corp. Completes $253 Million Asset-Backed Securitization
GREENVILLE, S.C.--(BUSINESS WIRE)--Regional Management Corp. (NYSE: RM), a diversified consumer finance company, announced today that it has completed a $253 million asset-backed securitization. The Regional Management Issuance Trust 2025-2 (RMIT 2025-2) notes were issued at a weighted-average coupon of 4.83% (a 47 basis point improvement over the prior RMIT 2025-1 issued notes), secured by $278 million of receivables, with a 2-year revolving period. The Class A notes of the securitization rece
Moelis & Company Reports Third Quarter and First Nine Months 2025 Financial Results; Declares Regular Quarterly Dividend of $0.65 Per Share
NEW YORK--(BUSINESS WIRE)--Moelis & Company reports Third Quarter and First Nine Months 2025 financial results; declares regular quarterly dividend of $0.65 per share
HF Sinclair Evaluates Strategic Pipeline Expansion to Western Markets
DALLAS--(BUSINESS WIRE)--HF Sinclair Corporation (NYSE: DINO) today announced the evaluation of a multi-phased expansion of its Midstream refined products footprint across PADD 4 and PADD 5. This initiative is designed to address the increasing supply and demand imbalances in key western markets, particularly Nevada and multiple markets in California, resulting from announced refinery closures on the West Coast. HF Sinclair believes its current geographic footprint and infrastructure provide an
AXIS Capital Reports Third Quarter Net Income Available to Common Shareholders of $294 Million, or $3.74 Per Diluted Common Share and Operating Income of $255 Million, or $3.25 Per Diluted Common Share
PEMBROKE, Bermuda--(BUSINESS WIRE)---- $AXS #insurance--AXIS Capital Holdings Limited ("AXIS Capital" or "AXIS" or "the Company") (NYSE: AXS) today announced financial results for the third quarter ended September 30, 2025. Commenting on the third quarter 2025 financial results, Vince Tizzio, President and CEO of AXIS Capital said: "AXIS produced another strong quarter highlighted by a 14% year-over-year increase in diluted book value per common share, and annualized operating return on equity of 18%. These result
Redwood Trust Reports Third Quarter 2025 Financial Results; Record Production Volumes Advance Transition to Core Operating Model
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2025. Mortgage Banking Platforms Continue to Profitably Scale Record $6.8 billion of cumulative loan production across operating platforms; capital allocated to mortgage banking up 84% since the second quarter 2024 Delivered highest mortgage banking revenues sin
