MFS Announces Income Distribution Sources for Select Closed-End Funds
MFS Investment Management® (MFS®) has announced the distribution income sources for December 2024 for five of its closed-end funds. These funds are MFS® Charter Income Trust (NYSE: MCR), MFS® Government Markets Income Trust (NYSE: MGF), MFS® Intermediate High-Income Fund (NYSE:…
HSBC Continental Europe Signs MOU for Potential Sale of HSBC Assurances Vie to Matmut
HSBC Continental Europe has signed a memorandum of understanding for the potential sale of its French life insurance business, HSBC Assurances Vie (France), to Matmut Société d’Assurance Mutuelle (“Matmut”). HSBC Assurances Vie (France) manages over €20 billion in assets and…
AI-Driven Leap Financial Secures $3.5 Million in Seed Funding Led by Fuel Venture Capital
Leap Financial, a Miami-based fintech startup, has raised $3.5 million in seed funding, with Fuel Venture Capital leading the round. Additional investment came from Ascendo Venture Capital. Leap offers a seamless solution for financial and non-financial institutions to participate in…
Wealth Management Excellence: UBS Schultz Group Recognized Among Forbes America’s Top 10 Teams
UBS Wealth Management USA proudly announced that The Schultz Group—comprising Steven L. Schultz, Stockton M. Schultz, and Justin M. Low—has been named to the 2024 Forbes/SHOOK America’s Top Wealth Management Teams, High Net Worth list. This marks the second consecutive…
FINRA Fines Three Firms Over $8.2 Million in Customer Restitution
FINRA Fines Three Firms Over $8.2 Million in Customer Restitution FINRA has mandated that Edward Jones, Osaic Wealth, Inc., and Cambridge Investment Research, Inc. collectively pay over $8.2 million in restitution to customers impacted by the firms’ failure to implement…
ICICI Bank Digital Strategy 2024: Innovation & Programs Report
The “Enterprise Tech Ecosystem Series: ICICI Bank Limited 2024” profile has been included in ResearchAndMarkets.com’s offerings, providing comprehensive insights into ICICI Bank’s digital transformation strategies, innovation programs, and technology initiatives. Overview of ICICI Bank ICICI Bank Limited, a leading private-sector…
ABR Capital Partners and Biynah Expand TRIP Investment Portfolio
ABR Capital Partners (ABR) and Biynah Industrial Partners (BIP) have announced the acquisition of five additional properties for their Transportation-Related Industrial Portfolio (TRIP). This nationwide portfolio, which focuses on truck terminals, truck parking, and high flow-through industrial assets, now comprises…
First Eagle Investments Launches Inaugural Active Equity ETFs
First Eagle Investments (“First Eagle”) has announced the launch of its first two active exchange-traded funds (ETFs): the First Eagle Global Equity ETF (FEGE) and the First Eagle Overseas Equity ETF (FEOE). Both ETFs are now listed on the New…
Global Insurtech Bolttech Secures Series C Funding Led by Dragon Fund to Support Ongoing Expansion
Bolttech Secures Over $100 Million in Series C Funding Led by Dragon Fund to Fuel Global Expansion Bolttech, the rapidly growing global insurtech, today announced that Dragon Fund, backed by Liquidity and MUFG, is leading its Series C funding round,…
GoldenTree Asset Management Completes $500 Million CLO Issuance Under GLM Strategy
GLM III, LP (“GLM III”) and its affiliated investment manager, GoldenTree Asset Management LP (together with other affiliated investment managers, “GoldenTree”), today announced the successful closing of a $500 million collateralized loan obligation (“CLO”) managed under the GLM strategy. With…
NEOS Investments Secures Strategic Investment from Aretex Capital and Tom Lydon
NEOS Investments LLC, a forward-thinking ETF issuer recognized for its tax-efficient income strategies, has announced that Aretex Capital Partners, along with ETF industry expert Tom Lydon, has acquired a minority interest in the company. “The NEOS team places a premium…
Schwab Asset Management Announces No Capital Gains Distributions for Schwab ETFs in 2024
Schwab Asset Management today announced that its Schwab Exchange-Traded Funds (ETFs) will have zero capital gains distributions for the year 2024. This marks a continuation of Schwab’s commitment to tax-efficient investing and reflects the firm’s efforts to manage the tax…