Banks are ready for wave of coronavirus defaults
JPMorgan, Citigroup and Wells Fargo stockpile $28bn to cover potential loan losses
JPMorgan, Citigroup and Wells Fargo stockpile $28bn to cover potential loan losses
Black Lives Matter campaign triggers new calls for London financial institutions to pay for past ties to slave trade
FinTech unicorn Robinhood has more than doubled its latest investment round thanks to an extra $320m of capital - pushing its valuation to an enormous $8.3bn.
Investment platform Warren Brasil has raised $22.5m in a Series B round led by QED Investors.
YFM Equity Partners has supported the management buyout of loss adjusting and claims management specialist GHG.
In this round-up, China posts stronger-than-expected export data for November, the banking and insurance regulator fines Bank of China over ‘irregularities’ in a crude oil product, and an Ant Group unit and a Greenland-led consortium
Chinese issuers continued to bombard the dollar bond market on Thursday. Hangzhou Financial Investment Group Co, Yankuang Group Co and ZhongAn Online P&C Insurance were among those that sold deals.
Investment banking specialist Equita has acquired a 70% stake in Italian corporate finance boutique K Finance.
Senso, an AI platform helping financial institutions improve client retention, has reportedly bagged $3m in its pre-Series A round.
Japanese duo Mizuho and Nomura both hit the market with new issues on Monday as the primary market re-opened on a positive note following the July 4 holiday weekend.
Bohai Bank wrapped up a billion-dollar-plus Hong Kong IPO this week. The issuer, one of China’s last remaining joint-stock commercial banks to go public, rode the tail end of a hot period for the city’s
The European Leveraged Finance Association has called for better transparency in high yield covenant packages, arguing that clarity is crucial for pricing risk. The call comes soon after one of the largest covenant climb-downs in
The Republic of Korea has picked banks to arrange meetings to promote a pair of international bonds, including one in euros, which would be the country’s first in the currency for six years.
ABC International Holdings raised $450m from a three year bond on Wednesday, thanks in part to backing from the 23 banks that ran its transaction.
Insurance marketplace PolicyBazaar has reportedly raised a further $130m from SoftBank, despite the chief executive believing the previous expansion efforts led by the mega investor were a "mistake."
Concirrus, an insurance software developer, has raised another $6m in funding, hot on the heels of its recent $20m Series B round.
Laxman Pai, Opalesque Asia: Private-equity giant KKR agreed to acquire retirement and life insurance company Global Atlantic Financial Group for roughly $4.4 billion. According to the New York-based PE firm said it woul...Article Link
The New Zealand treasury has appointed the banks to lead the syndication of a May 2041 nominal bond, which is expected to take place next week.
Acquisition of leading retirement and life insurance company with over $70 billion of adjusted invested assets Strengthens Global Atlantic's leadership in Retirement and Life insurance markets, across individual and institutional channels Transaction expected to be
High yield bond issuance is coming thick and fast in Europe, with new deals for Autodis, Avantor and Diebold Nixdorf announced on Tuesday and Verisure following on Wednesday. Banks have cleared most of their pre-Covid
