A boom in demand for pension insurance boosted profits in Britain’s Just Group , putting it on track to meet earnings targets ahead of schedule, and sending its share price soaring on Friday.
UK life insurer Royal London (ROLGPI.UL) has entered the market for corporate pension scheme insurance with a so-called bulk annuity deal for Royal Liver UK pension scheme, it said on Friday.
Stonepeak, a New York-headquartered alternative investment firm, on Friday said it has raised $3.3 billion for its Stonepeak Asia Infrastructure Fund, its first fund dedicated to Asia.
International Monetary Fund Managing Director Kristalina Georgieva is interested in a second five-year term heading up the global lender and is poised to secure sufficient support among member countries, sources familiar with the plans said.
Ratings agency Moody’s said on Thursday it had changed the direction of its rating view of New York Community Bancorp (NYCB) to “review for upgrade” from “review for downgrade”.
The International Monetary Fund’s managing director, Kristalina Georgieva, is interested in a second five-year term as head of the organization and is poised to secure sufficient support, Bloomberg News reported on Thursday.
Royal Bank of Canada set a total compensation target of C$17 million ($12.6 million) for CEO Dave McKay for 2024, about 12% more what he made last year, even as peers that have reported so far made no changes after their bosses missed 2023 goals.
Foreign investors have resumed purchases of Egyptian treasury bills after a long absence, three bankers said, as results posted by the central bank showed local currency one-year bills nearly three times oversubscribed at an auction on Thursday.
Top U.S. asset manager Vanguard is bullish on the corporate bond market but has been hedging against a hard landing for the U.S. economy and is exploring options to protect its credit exposure further, a senior portfolio manager said.
Italy’s data protection authority has fined UniCredit , the country’s second-largest bank, 2.8 million euros ($3.1 million) for a data breach case in 2018 affecting thousands of customers and former customers, it said on Thursday.
