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Banking & Financial Services News

Banking & Financial Services

Survey reveals top risk concerns for insurers in 2024

The RiskScan 2024 survey, conducted by Munich Re US in collaboration with the Insurance Information Institute (Triple-I), has identified the primary risk concerns among various stakeholders in the insurance industry.

By Business Daily | Nov 20, 2024

Banking & Financial Services

Morgan Stanley Capital Partners acquires FoodScience from Wind Point Partners

Investment funds managed by Morgan Stanley Capital Partners (MSCP) have acquired FoodScience, a company that provides nutritional supplements for pets and humans, from Wind Point Partners.

By Business Daily | Nov 19, 2024

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Banking & Financial Services

Record number of Americans expected on roads for Thanksgiving travel

By Business Daily | Nov 18, 2024

AAA has projected that nearly 80 million Americans will travel 50 miles or more during the Thanksgiving holiday period this year.
Banking & Financial Services

Morgan Stanley announces dividends on multiple preferred stock series

By Business Daily | Nov 15, 2024

Morgan Stanley has announced regular dividends on its preferred stock.
Banking & Financial Services

Gas prices may rise with potential hurricane threat in Gulf

By A. I. Benavidez | Nov 14, 2024

The national average for a gallon of gasoline is approaching the $3 mark, which would be the first time since May 2021.
Banking & Financial Services

Insurance group highlights inland flooding risks amid low homeowner coverage

By Business Daily | Nov 13, 2024

Inland areas are facing an increasing threat from flooding due to tropical and severe convective storms, yet many homeowners remain without flood insurance.
Banking & Financial Services

Morgan Stanley invests $20 million in NovoPayment for expansion

By Business Daily | Nov 12, 2024

Investment funds managed by Morgan Stanley Expansion Capital have announced a $20 million investment in NovoPayment, a company known for its financial and payment infrastructure services.
Banking & Financial Services

Morgan Stanley sells Sila Services to Goldman Sachs

By Business Daily | Nov 11, 2024

Investment funds managed by Morgan Stanley Capital Partners (MSCP) have announced an agreement to sell Sila Services to the Private Equity business at Goldman Sachs Alternatives.
Banking & Financial Services

AAA appoints Meg Lane as chief brand officer

By A. I. Benavidez | Nov 11, 2024

AAA has announced the appointment of Meg Lane as its new Chief Brand Officer.
Banking & Financial Services

Carlyle announces Q3 earnings; declares $0.35 dividend per share

By Business Daily | Nov 7, 2024

Global investment firm The Carlyle Group Inc. has released its unaudited financial results for the third quarter of 2024, ending September 30.
Banking & Financial Services

November hurricane impacts gas prices amid production concerns

By K. R. Nelson | Nov 7, 2024

Faced with an unusual November hurricane in the Gulf, the national average price for a gallon of gasoline has decreased by only three cents since last week, settling at $3.10.
Banking & Financial Services

Morgan Stanley opens state-of-the-art office in Mumbai

By Business Daily | Nov 5, 2024

Morgan Stanley has opened a new office in Mumbai, located at Commerz III, International Business Park within Oberoi Garden City in Goregaon.
Banking & Financial Services

E*Trade releases new data on S&P 500 sector rotation

By Business Daily | Nov 5, 2024

E*TRADE from Morgan Stanley has published its monthly sector rotation study, which examines the buying and selling behaviors of its customers concerning stocks within the S&P 500 sectors.
Banking & Financial Services

Carlyle acquires Japanese PCB manufacturer Kyoden

By Business Daily | Nov 5, 2024

Global investment firm Carlyle has announced the acquisition of Kyoden Co., a prominent Japanese manufacturer of printed circuit boards (PCBs).
Banking & Financial Services

Carlyle completes acquisition of Worldpac from Advance Auto Parts

By Business Daily | Nov 4, 2024

Worldpac, Inc. has completed its acquisition by Carlyle, a global investment firm, from Advance Auto Parts, Inc. This strategic move is expected to position Worldpac for growth and innovation.
Banking & Financial Services

Morgan Stanley completes equity financing for ATSG-Evolve IP merger

By Business Daily | Oct 31, 2024

Investment funds managed by Morgan Stanley Private Equity Secondaries, through a vehicle managed by RunTide Capital, have completed an equity financing to finalize the merger between ATSG and Evolve IP.
Banking & Financial Services

Carlyle finances GIP's acquisition of Lanes Group with £205m loan

By Business Daily | Oct 31, 2024

Global Infrastructure Partners (GIP), part of BlackRock, has acquired Lanes Group with the support of a £205 million financing package from Carlyle's Global Credit platform.
Banking & Financial Services

AAA survey reveals majority rely on eyewear; stresses vision care as daylight saving ends

By A. I. Benavidez | Oct 31, 2024

More than 60% of U.S. drivers depend on prescription eyewear while driving, according to a recent AAA survey.
Banking & Financial Services

Gasoline prices decrease as seasonal trends continue

By A. I. Benavidez | Oct 31, 2024

The national average for a gallon of gasoline has decreased by two cents, reaching $3.13, according to recent data.
Banking & Financial Services

AlpInvest closes largest publicly rated GP-Led CFO at $1 billion

By Business Daily | Oct 29, 2024

AlpInvest, a private equity platform under Carlyle, has announced the closing of its second securitization, a $1 billion Collateralized Fund Obligation (CFO).

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