Costco sells its products with very little markup, choosing instead to make most of its money from membership sales. This business model makes sense: The better deals it has, the more likely people are to want a membership. Memberships at Costco are booming. In the fiscal first quarter of 2026, overall memberships were up 5% year over year to 146 million. And its higher-priced executive memberships were up a stronger 9%.
Bank of America Corp. raised Chief Executive Officer Brian Moynihan's pay to $41 million for 2025, a year in which the second-largest US bank improved its profit but stock performance fell short of peers. The board granted Moynihan an unchanged base salary of $1.5 million and no cash bonus, "consistent with prior years," along with equity incentive awards totaling $39.5 million, according to a regulatory filing Friday.
New accounts filed by Laya Healthcare Ltd show that pre-tax profits increased by 108pc from €9.13m in 2023 to €19.02m last year. This followed revenues rising by 2.5pc from €100.85m to €103.39m. Last year Laya imposed two premium price hikes on its customer base. In October 2024, it increased its premiums on average by 6.5pc, stating at the time that the price rise was needed to address the increased demand for healthcare services and rising costs.
This is Octobank's first international rating - and we see that our bank's development course is chosen correctly. The Moody's rating will help us build even more stable relationships with international partners.