Inside Belgium’s ‘Operation Blackstone’ to free Vandecasteele from Iran
Hours after Iran and Belgium conducted a prisoner swap on Friday, with the help of Oman, details began to emerge on Brussels’ mission to free one of its own from a Tehran jail in an operation dubbed “Operation Blackstone”. Once aid worker Olivier…
Brookfield Infrastructure: 100 Trillion Reasons To Love This 4.1% Yielding SWAN
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Morgan Stanley cuts 70 European dealmakers in latest lay-offs
Morgan Stanley has cut around 70 dealmakers in Europe as part of a fresh round of lay-offs that has hit the Wall Street bank this week. The US bank’s latest job cuts will hit 3,000 roles globally across most of…
Goldman’s Guide to Dealmaking Right Now
Leverage. It’s at the heart of the banking system. It’s the root of how hedge funds work and how highflying deals get done. It’s the art of borrowing money and trying to make more money on top of those borrowings. Leveraged…
Ola Electric taps Kotak, Goldman Sachs for IPO, likely to hit market in early 2024
Representative image Ola Electric has engaged investment banks Kotak Mahindra Capital and Goldman Sachs for an initial public offering (IPO) in early 2024. The electric mobility startup aims to go public before the government subsidies for electric vehicles are discontinued.…
RGE’s Asia Symbol secures 1 billion yuan sustainability-linked loan
Asia Symbol (Shandong) Pulp and Paper Co Ltd has secured a one billion yuan (US$142 million) sustainability-linked loan from a consortium of Chinese banks. Led by Agricultural Bank of China, the consortium includes Export-Import Bank of China, Bank of Communications…
Charles Schwab Recognized by Points of Light as One of the 50 Most Community-Minded Companies in the United States for Seventh Consecutive Year
Today and for the seventh consecutive year, Points of Light, the world’s largest nonprofit dedicated to accelerating people-powered change, recognized Charles Schwab among the 50 most community-minded companies in the U.S. Now in its eleventh year, The Civic 50 is…
UniCredit and Mastercard expand payments partnership
UniCredit and Mastercard today announce a global expansion of their payment partnership. The agreement sets the stage for the start of a strong partnership consistent with the UniCredit Unlocked strategy. This is the first time any large commercial bank has…
Visa and First Abu Dhabi Bank launch second edition of ‘She’s Next’ program
Dubai, UAE: Visa, the world’s leader in digital payments, has partnered with First Abu Dhabi Bank (FAB), the UAE’s largest bank, to launch the second edition of its global She’s Next initiative in the UAE. She’s Next, empowered by Visa,…
MetLife Announces $19.2 Billion Risk Transfer Transaction; Further Increases Share Repurchase Authorization to $4 Billion
May 25, 2023 06:50 AM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–MetLife, Inc. (NYSE: MET) today announced it has entered into an agreement with Global Atlantic Financial Group (Global Atlantic), a retirement and life insurance company, to reinsure approximately $19.2 billion…
Marsh & McLennan Companies Inc (MMC) Is the Top Stock in the Insurance Brokers Industry?
Marsh & McLennan Companies Inc (MMC) leads the Insurance Brokers industry with an overall score of 76. MMC is up 10.27% so far this year after the company closed yesterday at $173.22. The overall score measures the company’s performance based-off…
Chubb Ltd. stock falls Friday, underperforms market
Shares of Chubb Ltd. CB, -0.26% dropped 0.26% to $190.09 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.30% rising 1.30% to 4,205.45 and the Dow Jones Industrial Average DJIA, +1.00% rising 1.00% to 33,093.34. This…