Allianz Risk Barometer: A cyber event is the top global business risk for 2024
Cyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally in 2024, according to the Allianz Risk Barometer. The closely interlinked peril of Business interruption ranks second. Natural catastrophes (up from #6 to #3 year-on-year), Fire, explosion (up from #9…
Ping An Named Brand Finance’s Most Valuable Insurance Brand in China for the 8th Consecutive Year
Leading brand valuation consultancy Brand Finance has named China’s Most Valuable Insurance Brand as Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An”, the “Company” or the “Group”, HKEX: 2318 / 82318; SSE: 601318). This is the eighth…
Rate rises and pre-Christmas sales saw household spending drop sharply in December
The monthly CommBank Household Spending Insights (HSI) Index fell sharply in December, dropping 3.9 per cent, as the cumulative effect of successive interest rate rises as well as consumers bringing forward holiday spending flowed through to household spending. Spending fell in…
FINANCIAL RESULTS (INDIAN GAAP) FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2023
The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter and nine months ended December 31, 2023, at its meeting held in Mumbai on Tuesday, January 16, 2024. The accounts have been subjected to a ‘Limited Review’ by the statutory…
Royal Bank of Canada announces conversion privileges of NVCC Non-Cumulative 5-Year Rate Reset First Preferred Shares Series BO
Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced that it does not intend to exercise its right to redeem all or any part of the currently outstanding Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series BO…
Royal Bank of Canada announces Institutional NVCC Preferred Share Issue
Royal Bank of Canada (TSX: RY) (NYSE: RY) today announced a domestic public offering of Non-Cumulative 5-Year Fixed Rate Reset First Preferred Shares, Series BU (“Preferred Shares Series BU”). Royal Bank of Canada will issue to certain institutional investors 750 thousand Preferred Shares Series BU priced…
RBC Training Ground launches new season as Team Canada prepares for the Paris 2024 Olympic Games
In its search for Canada’s next Olympic talent, RBC is calling on young athletes to register for the newest season of RBC Training Ground. This year, the program will welcome two new sport partners, visit two new markets and continue its efforts to…
RBC announces targeted close date for proposed acquisition of HSBC Bank Canada
Royal Bank of Canada (“RY” on TSX and NYSE) (“RBC”) today announced that the targeted close date for the proposed acquisition of HSBC Bank Canada will be Thursday, March 28, 2024, subject to the satisfaction of customary closing conditions. Conversion activities will begin…
Bank of America Declares Preferred Stock Dividends for First Quarter 2024
Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock: Series of Preferred Stock Dividend per Share or Depositary Share 1 Record…
BofA Global Research Named Top Global Equity Research Provider for 2023 by Institutional Investor
BofA Global Research has placed No. 1 in Institutional Investor’s 2023 global ranking of the top equity research providers, earning 182 total team positions across II’s 2023 equity team surveys. This is the latest in a series of top accolades…
Blackstone Announces New Co-Chief Investment Officers and Co-Head of Real Estate
Blackstone (NYSE: BX) announced that Ken Caplan, current Global Co-Head of Real Estate, and Lionel Assant, European Head of Private Equity, have been elevated to newly created roles as Global Co-Chief Investment Officers (CIOs) of Blackstone. They will enhance the…
Morgan Stanley Appoints 155 New Managing Directors
Morgan Stanley has announced the appointment of 155 Managing Directors. The new Managing Directors are: Ben Adubi Judy Lai Meenu Arora David Lazar Edouard Aubin Maximilien Lefranc Samith Nandan Balwalli …