Hedge fund AREX Capital Management is seeking seven board seats at Enhabit , arguing that new directors are needed to help reverse poor financial performance at the U.S. home health and hospice provider, people familiar with the matter said on Thursday.
Activist hedge fund Ancora Holdings has secured enough support from Norfolk Southern shareholders to win some seats on the U.S. railway operator’s board of directors, people familiar with the matter said on Thursday.
State Bank of India on Thursday reported record fourth-quarter profit that beat estimates on strong loan demand, and forecast credit growth for the current fiscal year to keep the same pace as in the last 12 months.
India will again delay caps on market share for a popular digital payments method, two sources told Reuters, benefiting Google Pay and Walmart-backed PhonePe as the authorities prioritise growth over concerns about market concentration.
Investment bank Lazard Ltd has appointed veteran healthcare dealmaker Michele Colocci as vice chairman and managing director, aiming to boost the growth of its healthcare advisory, according to a company announcement.
JPMorgan’s Australian arm has been fined A$775,000 ($509,252.50) for allowing suspicious client orders to be placed on wheat futures trading designed to manipulate the market, the country’s corporate regulator said on Thursday.
Canada’s Manulife Financial Corp on Wednesday reported better than expected quarterly profit boosted by a robust performance in its Asia business and wealth management unit.
Online brokerage Robinhood Markets beat estimates for first-quarter profit on Wednesday, thanks to robust crypto trading volumes and rate hikes that boosted its net interest revenue.
Sung Kook “Bill” Hwang, founder of the $36 billion private investment firm Archegos Capital Management which collapsed spectacularly in 2021, arrived in court on Wednesday for the start of his criminal trial.
Insurer Prudential has shut down its Hong Kong wealth management business Pulse Wealth, the company said in a statement to Reuters on Wednesday, as part of a wider push to streamline its business.
