Lloyd’s of London insurer Beazley posted a modest uptick in first-half pre-tax profit to a record $366 million, helped by its U.S. property and European cyber businesses, it said on Thursday.
Bank of America vaulted past several rivals to rank as the top financial adviser to companies targeted by activist investors in the first six months of 2023, according to data published by LSEG.
HSBC Holdings as part of its U.S. equity coverage expansion has added six members to its global research team, according to an internal memo seen by Reuters on Wednesday.
A co-founder of Tornado Cash, a cryptocurrency platform under U.S. sanctions, pleaded not guilty on Wednesday to federal charges he helped facilitate more than $1 billion in money laundering, including for a cybercrime group linked to North Korea’s government.
Goldman Sachs and Morgan Stanley are poised for stronger results next year compared to other large-cap U.S. banks as dealmaking on Wall Street picks up and asset management businesses gain momentum, HSBC said on Thursday.
Alecta, Sweden’s largest pension fund provider, said on Thursday that one of Europe’s biggest landlords, Heimstaden Bostad, is in need of more cash, and that it may contribute.
German insurer Allianz on Thursday outlined intermediate targets to reduce emissions as part of a plan that aims for net zero in 2050 in its proprietary investment and P&C underwriting portfolios and by 2030 within its own operations.
Direct lending, a key but expensive source of credit for riskier European firms that banks often shy away from, is running out of steam, a fresh sign that aggressive interest rate rises may be starting to cause funding stress and exacerbate economic pain.
Shares of Britain’s Direct Line soared 18% on Thursday after it agreed to sell its brokered commercial insurance business for 520 million pounds ($648 million) to bolster its capital as it struggles with financial losses.
