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This Week in Finance News: 10 Stories You Need to See
Friday, September 20, 2024
A roundup of the most newsworthy financial press releases from PR Newswire this week, including a new Volkswagen/Wells Fargo agreement and Americans' worries about the election's impact on their finances.
NEW YORK, Sept. 20, 2024 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
1. Volkswagen Financial Services U.S. and Wells Fargo announce cooperation
agreement for vehicle purchase financing of Volkswagen, Audi, and Ducati
brands in the United StatesWells Fargo will provide new U.S. consumer
retail financing for vehicle purchase as a co-branded offering, with an
estimated transition beginning in April 2025.
2. Credit Builders Alliance Launches New Financial Inclusion Pilot Program
Using VantageScore 4plus(TM) Open Banking Credit ScoreThe program, with
support for technical assistance from JPMorganChase, will select and lead
a cohort of ten CBA nonprofit members to test the VantageScore 4plus
credit score that uses both credit report data and alternative open
banking data to generate a more predictive credit score, especially for
underserved or "thin" credit file consumers.
3. Eight in 10 Americans worry about the impact of the election on their
retirement plan Two in 10 (19%) Americans believe the election will
affect when they retire--a concern most prevalent among Gen Z (29%),
according to the study of 1,000 U.S. adults. Americans who have not
retired yet also fear inflation has set back their retirement goals,
delaying them by nearly 8.5 years on average (55%).
4. Carver Bancorp, Inc. Names Donald Felix President and CEO, Effective
November 01, 2024Donald Felix is only the sixth CEO in Carver's 76-year
history and will also serve as a member of the Carver Board. Carver
continues to pay its mission forward, focusing on Minority and Women
Business Enterprises and the growing middle-income neighborhoods it
serves.
5. National Real Estate Brokerage REALTY OF AMERICA Announces LaunchFour
industry titans come together to launch Realty of America. The virtual
brokerage invests in agents through technology, training, culture, and an
innovative compensation structure.
6. Two Boxes Secures $5.3M in Oversubscribed Funding RoundThe oversubscribed
funding round led by Peterson Ventures more than doubled the company's
valuation and saw participation from new investor Assembly Ventures,
alongside renewed support from existing backers Vinyl, Range Ventures,
and Matchstick Ventures. With Two Boxes, brands and 3PLs optimize returns
inspection, prioritization, processing, tracking, and a growing list of
obstacles.
7. Stratix and Samsung Drive Financial Services Innovation with Mobile-First
SolutionsStratix services and Samsung's state-of-the-art devices powered
by Android empower financial service organizations to improve workflows,
increase automation, and create better experiences for users and
customers.
8. AES Announces Strategic Partnership with CDPQ to Support AES Ohio's
Robust Growth PlansThe AES Corporation announced that it reached an
agreement to sell a 30% indirect equity interest in AES Ohio to CDPQ, a
global investment group, for approximately US$546 million, with closing
expected in the first half of 2025.
9. Announcing the 2024 Most Powerful Latina Summit at L'ATTITUDE:
Celebrating the Trailblazers Powering the $3 Trillion U.S. Latino
EconomyNow in its 8th year, the Most Powerful Latinas list continues to
highlight the critical contributions of Latina leaders across multiple
industries. Released at the Most Powerful Latina Summit during
L'ATTITUDE, this year's list reflects the growing influence of Latinas in
shaping the New Mainstream Economy.
10. IEX Enters Options Market with Top Talent and Innovative SolutionsIEX
Group, Inc. announced that it will launch a U.S. options exchange to
partner with liquidity providers to uniquely tackle risk management
challenges experienced in the options markets, pending regulatory
approvals.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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Helping Journalists Stay Up to Date on Industry News
These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.
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-- Subject Matter Experts: Journalists will have access to ProfNet, a
database of industry experts to connect with as sources or for quotes in
their articles.
-- Related Resources: Our journalist- and blogger-focused blog, Beyond
Bylines, features regular media news roundups, writing tips, upcoming
events, and more.
About PR Newswire
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View original content to download multimedia:https://www.prnewswire.com/news-releases/this-week-in-finance-news-10-stories-you-need-to-see-302253705.html
SOURCE PR Newswire
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