TOKYO (Reuters) – Sony Corp (6758.T) will turn its financial arm, Sony Financial Holdings Inc (8729.T), into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion), the Japanese electronics and entertainment giant said on Tuesda... More »
WASHINGTON (Reuters) – As Democratic presidential hopefuls descended on New Hampshire prior to the state’s Feb. 11 primary, John Tackeff was busy. The 27-year-old attended candidate events across the state to raise concerns about a proposed tax on Wall Street ... More »
(Reuters) – Canadian property and casualty insurer Intact Financial Corp said on Thursday it agreed to buy The Guarantee Co of North America and Frank Cowan Co for C$1 billion ($750.6 million) in cash from Princeton Holdings Ltd. The deal, expected to close in... More »
LONDON (Reuters) – London-based fund firm City Financial and the chief investment officer of its Decca Fund, Shahraab Ahmad, have decided to wind down the credit-focused strategy after it “did not deliver the performance that you expect of us”, according to a ... More »
BEIJING (Reuters) – Chinese billionaire Jack Ma’s financial technology unicorn Ant Financial Services Group [ANTFIN.UL] is adding two new money market funds to its online wealth management platform Yu’e Bao, which is already the world’s biggest money market fu... More »
HONG KONG (Reuters) – Warburg Pincus LLC [WP.UL] is in talks to invest in a fundraising round for China’s Ant Financial Services Group [ANTFIN.UL] expected to be worth at least $8 billion, people with knowledge of the matter said. The New York-based private eq... More »
Stifel Financial Corp said on Wednesday three financial advisers joined the private client group of its broker-dealer subsidiary, Stifel, Nicolaus & Co Inc. More »
Dynasty Financial Partners LLC, which provides back-end support services to independent wealth management firms, said it had added Next Capital Management to its network of investment advisors. More »
(This story filed on July 31, 2016 corrects final paragraph to take out reference to China’s Ministry of Finance. A request for comment had not been made at that time) By Michelle Price HONG KONG British and Chinese securities watchdogs are discussing an agree... More »
WASHINGTON Japan’s Nikkei media group won U.S. antitrust approval for its $1.3 billion purchase of the Financial Times from Britain’s Pearson PLC, the Federal Trade Commission said on Wednesday. The transaction was on the list of deals that the FTC and Justice... More »
