PING An Insurance Group is weighing options that would allow it to reduce its 8 per cent stake in HSBC Holdings, according to people familiar with the matter.
NIPPON Life Insurance has agreed to acquire a 20 per cent stake in Corebridge Financial for about US$3.8 billion in cash, marking its biggest-ever deal as it seeks a foothold in the US.
ACTIVISTS disrupted Lloyds Banking Group’s annual shareholder meeting in Glasgow on Thursday (May 16), protesting against its alleged provision of financial services to defence firms linked to violence in the Middle East.
BIG investors in Deutsche Bank vented their frustration at Germany’s top lender on Thursday (May 16), describing problems at its Postbank business as a trust-damaging embarrassment.
CYPRUS passport holder Wang Dehai is expected to plead guilty on Jun 13, court records on Thursday (May 16) show.
SU JIANFENG, one of the 10 foreign nationals embroiled in Singapore’s largest money laundering case, was handed six new forgery and fraud charges on Thursday (May 16).
VISA is rolling out new technology that will allow the payments giant to share more information about customers’ preferences based on their shopping history with retailers as it seeks to remain a top player in the competitive e-commerce space.
CIRCLE Internet Financial, issuer of crypto’s second-largest stablecoin, plans to shift its legal base to the US from the Republic of Ireland.
COINBASE Global, the largest US crypto exchange, is zeroing in on potential demand in Australia’s growing self-managed pensions sector.
CITADEL Securities generated US$2.3 billion of net trading revenue in the first three months of 2024, setting the market-making firm up for a potentially record year as it expands in new assets classes and geographies.
