Banks, asset managers, payments networks, insurers, fintech, crypto-linked companies, and the capital markets around them.
Morgan Stanley’s national bank subsidiary, Morgan Stanley Bank, N.A., said it received the Office of the Comptroller of the Currency’s highest rating for its community reinvestment initiatives, highlighting the focus regulators place on how banks serve local communities.
THE APEX TIMES
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The asset manager’s Emergency Savings Initiative, launched in 2022, is focused on helping workers build cash buffers, partnering with employers and other organizations to expand access.
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The funding round, led by Growth Equity at Goldman Sachs Alternatives, is intended to expand Taktile’s AI services aimed at banks and other regulated financial firms.
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The financing is intended to accelerate Taktile’s AI transformation work for banks and other financial institutions, as Goldman Sachs’ alternatives arm takes a stake in the push to automate and modernize finance operations.
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The lender raised its outlook for Peru-focused financial services group Credicorp Ltd. and reiterated a favorable stance in a note published in mid-June.
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The bank cut its Accenture plc (ACN) price target to $201 from $247 and kept an Overweight rating, according to a report published June 8 and circulated by Yahoo Finance.
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BofA reduced its outlook on PDD Holdings, cutting its price target to $113 from $140 while keeping a Neutral stance, according to an analyst note reported by Yahoo Finance.
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In remarks carried by Yahoo Finance, BlackRock’s Robert Mitchnick said investor attention and capital tied to artificial intelligence are leaving less room for bitcoin, as the cryptocurrency has fallen roughly 20% over the past month.
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Ahead of the United States’ 250th anniversary celebrations, Bank of America says it is giving qualifying customers free access to 250 museums and backing cultural programming nationwide.
