Manulife Financial Corporation has confirmed a significant $5.4 billion reinsurance agreement with Reinsurance Group of America (RGA), a transaction that includes $2.4 billion of long-term care (LTC) reserves. This deal marks another milestone in Manulife’s strategy to optimize its portfolio, enhance returns, and reduce risk exposure. Transaction highlights The reinsurance arrangement covers two distinct blocks […]
WesBanco Inc., the diversified regional bank holding company headquartered in Wheeling, West Virginia, has announced an increase in its quarterly cash dividend, raising the payout from $0.36 to $0.37 per share. Scheduled for payment on January 2, 2025, to shareholders of record as of December 6, 2024, this 2.8% hike reflects the company’s strong financial […]
Amazon Web Services, Inc. (AWS), a subsidiary of Amazon.com (NASDAQ: AMZN), has announced its entry into the Sheltered Harbor Alliance Program. This strategic collaboration aims to enhance the cyber resiliency of financial institutions by simplifying the adoption of advanced data protection measures, including the deployment of cyber vaults. The move comes at a time when […]
In a remarkable display of market momentum, SoFi Technologies Inc. has witnessed its stock price surge beyond the $14 threshold, marking its most significant five-day rally in over a year. This upward trajectory underscores growing investor confidence in the company’s strategic initiatives and financial health. Robust financial performance fuels investor optimism SoFi Technologies Inc.’s recent […]
The rise of B. Riley Financial’s shares following a significant brand asset transfer has caught the market’s attention, with shares climbing nearly 20% in the wake of the company’s announcement. This strategic move came as the company, known for its varied financial services portfolio, completed a major transaction to offload certain retail brand assets. The […]
In a significant move within the cybersecurity realm, Accenture (NYSE: ACN) has announced a strategic investment in Reality Defender through Accenture Ventures. This collaboration aims to bolster the capabilities of clients across the financial services, media, and high-tech industries by providing them with the tools necessary to swiftly identify, detect, respond to, and prevent deepfake […]
Angel One Limited, the largest listed retail stockbroking firm in India, delivered an outstanding performance in Q2 FY25, shattering previous records across its key financial and operational metrics. The company announced a massive 44.6% increase in its profit after tax (PAT), reaching ₹4,234 million, up from ₹2,927 million in Q1 FY25. The strong results were […]
In a bold move that underscores its growing influence in the financial sector, Trinity Capital Inc. has expanded its credit facility to a staggering $510 million. This $70 million increase, facilitated through the company’s accordion feature, showcases Trinity’s ability to attract new financial backers, adding two more lenders to its already diversified syndicate, now totalling […]
The Veefin Group of Companies has announced its third acquisition within three months, solidifying its position as a global leader in the working capital finance market. The acquisition of digital lending platform EpikIndifi, valued at INR 125 crore in a cash and equity swap deal, is part of a broader strategic initiative to transform Veefin […]
Mastercard has announced a landmark deal to acquire Recorded Future, a leading global threat intelligence company, in a transaction valued at $2.65 billion. This strategic move, expected to close by the first quarter of 2025 subject to regulatory approvals, marks a significant expansion of Mastercard’s capabilities in the cybersecurity domain. Strengthening Cyber Defences Amid Rising […]
