| Wells Fargo's 2021 Compliance Consent Order Terminated by OCC |
WFC's 2021 consent order related to loss mitigation practices is terminated by OCC. This marks the 11th consent order closed by regulators since 2019. |
zacks.com |
2025-03-18 15:25:24 |
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| Wells Fargo says OCC terminates 2021 loss mitigation consent order |
Wells Fargo said on Monday the U.S. Office of the Comptroller of the Currency (OCC) has terminated a 2021 consent order tied to loss mitigation practices in the bank's home lending business. |
reuters.com |
2025-03-17 19:03:06 |
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| Wells Fargo Confirms Termination of 2021 OCC Loss Mitigation Consent Order |
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today confirmed that the Office of the Comptroller of the Currency (OCC) terminated its 2021 consent order related to loss mitigation practices in the company's Home Lending business. This is the eleventh consent order closed by Wells Fargo's regulators since 2019. Charlie Scharf, Wells Fargo's CEO, said of today's news: “We are pleased that the OCC has again validated our work and terminated this consent order in just three. |
businesswire.com |
2025-03-17 18:35:00 |
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| Optical Cable Corporation (OCC) Q1 2025 Earnings Call Transcript |
Optical Cable Corporation (NASDAQ:OCC ) Q1 2025 Earnings Conference Call March 10, 2025 11:00 AM ET Company Participants Spencer Hoffman - Investor Relations Neil Wilkin - President & Chief Executive Officer Tracy Smith - Senior Vice President & Chief Financial Officer Conference Call Participants Assaf Nathan - Eden Discovery Operator Good morning. My name is Madison, and I will be your conference operator today. |
seekingalpha.com |
2025-03-10 14:36:48 |
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| OPTICAL CABLE CORPORATION REPORTS FIRST QUARTER OF FISCAL YEAR 2025 FINANCIAL RESULTS |
Net Sales Increased 6.0% and Gross Profit Increased 24.6% Compared to Same Period in Prior Year ROANOKE, Va. , March 10, 2025 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its first quarter of fiscal year 2025 ended January 31, 2025. |
prnewswire.com |
2025-03-10 10:00:00 |
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| OPTICAL CABLE CORPORATION SCHEDULES CONFERENCE CALL TO DISCUSS FIRST QUARTER OF FISCAL YEAR 2025 RESULTS |
ROANOKE, Va. , March 6, 2025 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®") today announced that it will release its first quarter of fiscal year 2025 results on Monday, March 10, 2025. |
prnewswire.com |
2025-03-06 18:15:00 |
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| Wells Fargo's 2018 Compliance Consent Order by OCC Terminated |
WFC's 2018 consent order imposed on the bank in April 2018 is terminated. This marks the 10th consent order, which has been closed by regulators since 2019. |
zacks.com |
2025-02-17 14:56:07 |
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| Wells Fargo Confirms Termination of 2018 OCC Compliance Consent Order |
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today confirmed that the Office of the Comptroller of the Currency (OCC) terminated its 2018 consent order related to the company's compliance risk management program. This is the tenth consent order closed by Wells Fargo's regulators since 2019. Charlie Scharf, Wells Fargo's CEO, said of today's news: “We are pleased that the OCC has validated the work required in the 2018 compliance consent order and has terminated the enfo. |
businesswire.com |
2025-02-13 18:45:00 |
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| OCC Announces 3 Enforcement Actions Against Wells Fargo Leaders |
The Office of the Comptroller of the Currency (OCC) has completed the enforcement actions it pursued against 11 former Wells Fargo senior bank executives. Three enforcement actions announced Tuesday (Jan. |
pymnts.com |
2025-01-14 22:09:45 |
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| Bank of America Settles With OCC Over Anti-Money Laundering Concerns |
BAC receives a cease-and-desist order from the OCC considering the shortcomings under the Bank Secrecy Act. The bank agrees to take requisite remedial measures. |
zacks.com |
2024-12-24 13:36:14 |
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| Optical Cable Corporation (OCC) Q4 2024 Earnings Call Transcript |
Optical Cable Corporation (NASDAQ:OCC ) Q4 2024 Earnings Conference Call December 23, 2024 10:30 AM ET Company Participants Spencer Hoffman - Director, Joele Frank, Wilkinson Brimmer Katcher Neil Wilkin - Chairman, President and Chief Executive Officer Tracy Smith - Senior Vice President and Chief Financial Officer Operator Good morning. My name is Shelby and I will be your conference operator today. |
seekingalpha.com |
2024-12-23 14:16:04 |
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| OPTICAL CABLE CORPORATION SCHEDULES CONFERENCE CALL TO DISCUSS FOURTH QUARTER AND FISCAL YEAR 2024 RESULTS |
ROANOKE, Va. , Dec. 20, 2024 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®") today announced that it will release its fourth quarter and fiscal year 2024 results on Monday, December 23, 2024. |
prnewswire.com |
2024-12-20 22:00:00 |
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| Lake Shore Savings Bank Announces Termination of OCC Consent Order |
DUNKIRK, N.Y., Dec. 03, 2024 (GLOBE NEWSWIRE) -- On December 3, 2024, Lake Shore Savings Bank (“Bank”), the wholly-owned federal savings bank subsidiary of Lake Shore Bancorp, Inc. (“Company”) received termination notice of the Consent Order by the Office of the Comptroller of the Currency (“OCC”), the Bank's primary federal regulator. The Consent Order required the Bank to correct deficiencies related to information technology, security, automated clearing house, audit, management, and Bank Secrecy Act / Anti-Money Laundering. In addition to the termination of the Consent Order, the OCC terminated the “Troubled Condition” status. |
globenewswire.com |
2024-12-03 18:25:00 |
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| Orthocell expands Remplir™ sales into critical Asian market with distribution agreement in Singapore |
Regenerative medicine company Orthocell Ltd (ASX:OCC, OTC:ORHHF) has appointed Device Technologies Asia (DVT Asia) as the exclusive distributor for its market-leading nerve repair device, Remplir™, in Singapore. This marks the first major international expansion of Remplir outside Australia and New Zealand, where the device has seen rapid adoption and sales growth since its launch. It’s also on the back of Remplir’s recent regulatory approval by Singapore’s Health Sciences Authority, which opens the door for first sales in the first quarter of 2025. The company is committed to accelerating revenue generation in high-potential markets while establishing Remplir as a leading solution in the US$3.5 billion global nerve repair market. Orthocell CEO and MD Paul Anderson said: “Device Technologies Asia is a leading supplier of innovative medical solutions to hospitals and healthcare professionals throughout Singapore and South East Asia. “We are delighted to extend our very successful distribution partnership with Device Technologies in Australia and New Zealand into Singapore. “They have a proven track record in successfully driving the market entry of high-quality products with specialist capabilities and resources, and in the marketing, promotion and distribution of Remplir™. “We are very much looking forward to working with DVT Asia to establish Remplir as the highest quality nerve repair device in Singapore. We expect revenue growth and surgeon adoption of Remplir to accelerate from market launch in Q1 CY25.” Singapore’s status as a strategic hub for advanced medical treatments and a regulatory gateway to ASEAN markets makes it a critical milestone in Orthocell’s global growth strategy. DVT Asia will leverage its strong local presence and established relationships with plastic reconstructive and orthopaedic surgeons to drive market penetration, supported by targeted promotional efforts and medical education initiatives. Orthocell is well-funded for this expansion, with around A$35 million in cash and no debt. The company is also progressing regulatory efforts in other key markets, including the United States, Canada, Europe and additional ASEAN countries. Results from its US market authorisation study and a 510(K) submission are on track for Q4 CY24, with FDA approval expected in early 2025. DTA managing director Nat McLay said: “I am extremely excited to partner with Orthocell to bring their Australian Made range of peripheral nerve repair devices to plastic and orthopaedic surgeons in Singapore. “At Device Technologies Asia we believe in investing in innovative technologies as part of a holistic portfolio that provides value to our customers and benefits their patients. “We look forward to working with the team at Orthocell to improve patient outcomes across the plastic reconstructive and orthopaedic industry.” Dell Technologies Inc (NASDAQ:DELL) posted strong third-quarter earnings driven by record AI server demand, though revenue fell short of Wall Street expectations, sending shares down 5% in postmarket trading. Revenue for the quarter ended November 1 rose 10% year-over-year to $24.4 billion, missing estimates of $24.7 billion. However, net income climbed 13% to $1.13 billion, and operating income increased 12% to $1.67 billion. Earnings per share (EPS) of $2.15 exceeded forecasts of $2.05. CEO Jeff Clarke highlighted AI growth, stating, “Interest in our portfolio is at an all-time high, driving record AI server orders demand of $3.6 billion in Q3 and a pipeline that grew more than 50%, with growth across all customer types.” Dell’s Infrastructure Solutions Group (ISG) led growth with revenue up 34% to $11.4 billion, including a 58% surge in servers and networking sales. Storage revenue rose 4%. The Client Solutions Group (CSG) saw revenue slip 1% to $12.1 billion, as consumer sales dropped 18%, partially offset by 3% growth in commercial sales. Gross margin fell to 21.8% from 23.1% a year earlier, while operating margin edged up to 6.8%. Dell ended the quarter with $6.6 billion in cash and repurchased $429 million in shares. AI demand remained a highlight, with Dell reporting a record $3.6 billion in orders and over 50% pipeline growth. Despite the earnings beat, investor concerns over the revenue miss and weak consumer demand weighed on shares, which are up 86% year-to-date. |
https://www.proactiveinvestors.com |
2024-11-27 06:53:00 |
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| U.S. Senator Urges OCC to Impose Growth Limitations on Citigroup |
Senator Warren insists U.S. regulators to impose growth cap on C, citing its persisting regulatory issues and claiming that the bank has become too big to manage. |
zacks.com |
2024-10-04 17:31:10 |
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| Wells Fargo faces OCC enforcement, but Jim Cramer sees opportunity in stock |
Shares of Wells Fargo & Co (NYSE: WFC) dipped following news of an enforcement action by the Office of the Comptroller of the Currency (OCC), citing the bank's insufficient anti-money laundering efforts. Despite this, Jim Cramer views the pullback as an opportunity to buy a quality stock at a discount. |
invezz.com |
2024-09-14 07:39:00 |
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| Wells Fargo Pledges to Fix AML Program After OCC Agreement |
Trouble with federal regulators continues for Wells Fargo. The Office of the Comptroller of the Currency (OCC) said Thursday (Sept. |
pymnts.com |
2024-09-13 00:49:59 |
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| Wells Fargo Issues Statement on Agreement with OCC |
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today issued the following statement regarding a formal agreement between Wells Fargo Bank, N.A. and the Office of the Comptroller of the Currency (OCC) related to the bank's anti-money laundering (AML) and sanctions risk management practices. The agreement's requirements include enhancements to AML and sanctions risk management practices, obtaining the OCC's acceptance of the bank's program for assessing the AML and sanction. |
businesswire.com |
2024-09-12 18:08:00 |
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| Optical Cable Corporation (OCC) Q3 2024 Earnings Conference Call Transcript |
Optical Cable Corporation (NASDAQ:OCC ) Q3 2024 Earnings Conference Call September 11, 2024 10:30 AM ET Company Participants Spencer Hoffman - Director, Joele Frank, Wilkinson Brimmer Katcher, IR Neil D. Wilkin - Chairman, President and CEO Tracy G. |
seekingalpha.com |
2024-09-11 16:58:10 |
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| OPTICAL CABLE CORPORATION REPORTS THIRD QUARTER OF FISCAL YEAR 2024 FINANCIAL RESULTS |
ROANOKE, Va. , Sept. 11, 2024 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its third quarter ended July 31, 2024. |
prnewswire.com |
2024-09-11 12:00:00 |
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| OPTICAL CABLE CORPORATION SCHEDULES CONFERENCE CALL TO DISCUSS THIRD QUARTER OF FISCAL YEAR 2024 RESULTS |
ROANOKE, Va. , Sept. 9, 2024 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®") today announced that it will release its third quarter of fiscal year 2024 results on Wednesday, September 11, 2024. |
prnewswire.com |
2024-09-09 21:45:00 |
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| Optical Cable Corporation (OCC) Q2 2024 Earnings Call Transcript |
Optical Cable Corporation (NASDAQ:OCC ) Q2 2024 Earnings Conference Call June 10, 2024 11:00 AM ET Company Participants Spencer Hoffman - Director, Joele Frank, Wilkinson Brimmer Katcher Neil D. Wilkin - Chairman of the Board, President and CEO Tracy G. |
seekingalpha.com |
2024-06-10 16:28:08 |
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| OPTICAL CABLE CORPORATION REPORTS SECOND QUARTER OF FISCAL YEAR 2024 FINANCIAL RESULTS |
ROANOKE, Va. , June 10, 2024 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its second quarter ended April 30, 2024. |
prnewswire.com |
2024-06-10 12:00:00 |
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| OPTICAL CABLE CORPORATION SCHEDULES CONFERENCE CALL TO DISCUSS SECOND QUARTER OF FISCAL YEAR 2024 RESULTS |
ROANOKE, Va. , June 6, 2024 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®") today announced that it will release its second quarter of fiscal year 2024 results on Monday, June 10, 2024. |
prnewswire.com |
2024-06-06 20:30:00 |
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| KeyBank Serves as Strategic Partner for Small Businesses Through Economic Uncertainty |
Small business owners are turning to banking partners for advice to help their business run better as inflation concerns continueNORTHAMPTON, MA / ACCESSWIRE / May 20, 2024 / Many business owners may not realize that their bank can be a strategic partner, offering more than just a checking or savings account for their businesses. Small businesses' banking partners are often deeply invested in their success and impact on their communities, offering services beyond financial product expertise by also providing valuable advice during uncertain times. By building a strong relationship with their bank, small business owners can gain access to customized strategies for managing cash flow, securing credit, and achieving your business goals.KeyBank's 2024 Small Business Survey found the top three pieces of advice owners have received are: cut costs by reducing discretionary spending (34%), establish an emergency fund (22%) and diversify revenue streams by introducing new products or services (20%). This comes at a pivotal moment, as small business owners navigate cash flow and business operations amid a challenging economic backdrop.The good news: More than half (52%) of small business owners are confident that their banks understand their cash flow concerns! Still, almost 20% are unsure if their banks do so - pointing to an opportunity for banks and business owners to expand their relationships."As inflation concerns continue and interest rates rise, small business owners are seeking guidance to ensure their long-term success," said Mike Walters, Head of Business Banking at KeyBank. "KeyBank is proud to offer resources and tools to help equip them to weather financial uncertainty and help their business run better."KeyBank, a top SBA lender1, has provided more than $4.5 billion in small business loans and lines of credit. Most recently, KeyBank received their 11th consecutive "Outstanding" rating from the Office of the Comptroller of the Currency (OCC) on its most recent Community Reinvestment Act (CRA) exam.Key's commitment to inclusive communities is vast, encompassing a broad range of programs, initiatives, and collaborations. KeyBank is dedicated to supporting low-to-moderate income (LMI) communities as well as providing community investments to bring access to capital to local businesses. In 2023, we provided $267.7 million in small business lending to LMI communities and, in 2020 and 2021, processed 69,000 loans through the Paycheck Protection Program (PPP), providing more than $11.2 billion in critical funding to small and mid-size businesses.Learn more about KeyBank's opportunities and programs for your small business by visiting key.com/small-business. KeyBank offers a range of tools, including the KeyBank Small Business Check-In, KeyBank Small Business Financial Review and the Business Cash Flow Calculator.MethodologyThis survey was conducted online by Survey Monkey. 1,983 respondents, ages 18-99, located in the United States, who own or operate a small-to-medium size business with an annual gross revenue of less than $10 million, completed the survey in March 2024. Learn more about KeyBank's opportunities and programs for your small business by visiting key.com/small-business. KeyBank offers a range of tools, including the KeyBank Small Business Check-In, KeyBank Small Business Financial Review and the Business Cash Flow Calculator.CFMA #240508-2592782This material is presented for informational purposes only and should not be construed as individual tax or financial advice. KeyBank does not provide legal advice. All credit products and SBA Loans are subject to approval, terms, conditions, and availability and subject to change. KeyBank Member FDIC, SBA Express Lines of Credit ARE NOT FDIC INSURED OR GUARANTEED. Key.com is a federally registered service mark of KeyCorp. ©2024 KeyCorp1Source: Statistics released by the U.S. Small Business Administration (SBA) October 2023 for total approved loans through the SBA's 7(a) lending program during the federal fiscal year ending 10/2023.View additional multimedia and more ESG storytelling from KeyBank on 3blmedia.com.Contact Info:Spokesperson: KeyBankWebsite: https://www.3blmedia.com/profiles/keybank Email: info@3blmedia.comSOURCE: KeyBank |
https://www.accesswire.com |
2024-05-20 13:15:00 |
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| OPTICAL CABLE CORPORATION REPORTS FIRST QUARTER OF FISCAL YEAR 2024 FINANCIAL RESULTS |
ROANOKE, Va. , March 13, 2024 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its first quarter ended January 31, 2024. |
prnewswire.com |
2024-03-13 10:00:00 |
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| OPTICAL CABLE CORPORATION SCHEDULES CONFERENCE CALL TO DISCUSS FIRST QUARTER OF FISCAL YEAR 2024 RESULTS |
ROANOKE, Va., March 11, 2024 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®") today announced that it will release its first quarter of fiscal year 2024 results on Wednesday, March 13, 2024. |
prnewswire.com |
2024-03-11 10:00:00 |
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| Optical Cable Corporation (OCC) Q3 2023 Earnings Call Transcript |
Optical Cable Corporation (NASDAQ:OCC ) Q3 2023 Earnings Conference Call September 12, 2023 11:00 AM ET Company Participants Aaron Palash - Partner, Joele Frank Neil Wilkin - Chairman, President and Chief Executive Officer Tracy Smith - Senior Vice President, Chief Financial Officer and Corporate Secretary Conference Call Participants Operator [Operator Instructions] Good morning. My name is Angela, and I will be your conference operator today. |
seekingalpha.com |
2023-09-15 17:41:10 |
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| OPTICAL CABLE CORPORATION SCHEDULES CONFERENCE CALL TO DISCUSS THIRD QUARTER OF FISCAL YEAR 2023 RESULTS |
ROANOKE, Va. , Sept. 8, 2023 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®") today announced that it will release its third quarter of fiscal year 2023 results on Tuesday, September 12, 2023. |
prnewswire.com |
2023-09-08 20:15:00 |
Czytaj oryginał (ang.) |