Manulife Financial said on Monday it has agreed to reinsure C$5.8 billion ($4.27 billion) of reserves of Canadian Universal Life block, as the country’s top insurer looks to de-risk its business and improve shareholder returns.
Russian brokers on Monday launched a swap scheme that could allow Russian retail investors to sell their frozen foreign securities to non-resident investors with assets stranded in Russia.
Professional services firm Grant Thornton has launched a China desk as part of its operations in the United Arab Emirates (UAE) which will focus on cross-border business between the Asian country and the Middle East, it said on Monday.
A Romanian state agency for rural investments is using artificial intelligence to help farmers apply for European Union funds, it said on Monday, a first in one of the EU’s least developed digital economies.
Banque Audi (Suisse) SA, which belongs to a large Lebanese banking group, breached its obligations in the prevention of money laundering and seriously violated financial market law, Swiss financial regulator FINMA said on Monday.
Abu Dhabi sovereign wealth fund Mubadala Investment Company (MUDEV.UL) has picked banks for its debut 10-year sukuk, a document seen by Reuters on Monday showed.
Development lender British International Investment said on Monday it had agreed a $100 million finance facility with the Eastern and Southern African Trade and Development Bank (TDB) to boost trade finance, farming and food security in the region.
BBVA’s share price has more than trebled since late 2020, narrowing its valuation gap to Santander and highlighting a divergence in fortunes between the Spanish banks that may be short-lived.
Diversity focused venture capital investor Impact X Capital Partners said on Monday it was looking to raise 100 million pounds ($126 million) for its second fund and already has backing from investors including Bank of America .
Australia’s ANZ Group said on Monday it had agreed to settle a class action suit related to interest charged on personal credit cards for A$57.5 million ($37.44 million).
