CBA to launch police referral pilot in NSW to address technology-facilitated abuse
Commonwealth Bank today announced the launch of a police referral pilot in NSW. The pilot is an Australian-first and will set new standards for how banks report technology-facilitated abuse to law enforcement. Building on its use of artificial intelligence and…
Macquarie European Logistics Real Estate Fund closes with c. €260 million of investor commitments
Macquarie Asset Management announced the final close of Macquarie European Logistics Real Estate Fund with approximately €260 million in investor commitments. Macquarie Asset Management’s first dedicated fund to the logistics real estate sector in Europe, was launched in 2021 to…
SoftBank Corp. Launches New Company to Develop Homegrown Large Language Models (LLM)
SoftBank Corp. (TOKYO: 9434, “SoftBank”) today announced it launched a new company to research and develop homegrown Large Language Models (LLM) specialized for the Japanese language. The fully operational company will also develop, market and provide generative AI services. First…
Ping An ranked 33rd in the Fortune Global 500 List, 1st among global insurance enterprises
Fortune has announced the 2023 Global 500 list. Ping An Insurance (Group) Company of China, Ltd. (“Ping An” or the “Group”, HKEx:2318; SSE:601318) ranked 33rd on the list with its revenue recorded USD181,566 million. The Group ranked 5th among global financial enterprises,…
RBC announces sponsorship with Taylor Swift | The Eras Tour, set to visit Toronto next year
The groundbreaking tour has been in high demand since kicking off earlier this year, bringing together generations of music fans and breaking sales records around the globe. Through RBC’s recently expanded Avion Rewards program, now open to all Canadians, members will…
Canadians eagerly adopting new First Home Savings Account (FHSA) to save and invest for their down payment – “phenomenal early uptake,” says RBC
Canadians are jumping at the chance to save and invest tax-free for their first home through the new FHSA (First Home Savings Account), according to the most recent data from RBC. “We’re seeing amazing interest in this new tax-free account,…
CoreWeave Secures $2.3 Billion Debt Financing Facility led by Magnetar Capital and Blackstone to Meet Surging Demand and Ongoing Expansion of Specialized Cloud Infrastructure to Power AI
CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, today announced it has secured a $2.3 billion debt financing facility. The funding was led by Magnetar Capital and funds managed by Blackstone Tactical Opportunities (“Blackstone”) with strategic participation from leading…
E*TRADE from Morgan Stanley Releases Monthly Sector Rotation Study
Arlington, Virginia – E*TRADE from Morgan Stanley today released the data from its monthly sector rotation study, based on the E*TRADE customer notional net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors. About E*TRADE from Morgan Stanley…
PayU to sell its Global Payment Organisation to Rapyd for US$610m
Prosus today announces PayU has reached an agreement with Rapyd, a leading Fintech-as-a-Service provider, that Rapyd will acquire PayU’s Global Payments Organisation (GPO) for a total cash consideration of US$610m. The transaction will enable PayU to focus on the large…
Cybersecurity company Plerion announces US$10M seed round led by Prosus Ventures
Plerion, a cutting-edge cybersecurity company founded by industry veterans Mike Rahmati (CEO), Paul Garner (COO), and Pierre Liddle (CTO), has announced the closure of its seed round funding, raising US$10 million led by Prosus Ventures, with participation from Cercano and Atlassian…
Humana Foundation Announces 2023 Scholarship Awards
The Humana Foundation, the philanthropic arm of Humana Inc. (NYSE: HUM) for the past 41 years, today announced 81 winners of college scholarships awarded through the Humana Foundation Scholarship Program. Humana employee Christy Cole and her son Connor Cole, incoming…
UnitedHealthcare Community Plan of Ohio Awarded NCQA Health Equity Accreditation
UnitedHealthcare Community Plan of Ohio announced it was awarded Health Equity Accreditation by the National Committee for Quality Assurance (NCQA), a private, nonprofit organization dedicated to improving health care quality. “Every individual in Ohio deserves access to equitable, high-quality health…