Banking & Financial Services News on Business Daily

Global investment firm Carlyle (NASDAQ: CG) announced today that it has agreed to acquire a portfolio of gas-weighted exploration and production (E&P) assets in Italy, Egypt, and Croatia from Energean plc, a London-based company focused on developing resources in the Mediterranean. The transaction is subject to customary regulatory approvals.

Carlyle Aviation Partners has announced the closure of its fifteenth aircraft portfolio transaction, AASET 2024-1 Trust. The trust issued $428 million in Secured Notes to purchase a portfolio of twelve aircraft, comprising ten narrowbody and two widebody models. This marks the first commercial aircraft asset-backed securitization (ABS) issuance in two years.

With a shared vision and commitment to women’s soccer and the greater Seattle community, Sounders FC Owners and Carlyle have united to usher in a new era for Reign FC. Maya Mendoza-Exstrom has been appointed Chief Business Officer at Reign FC, leading a women-led leadership team after a decade with Sounders FC.

Morgan Stanley Investment Management (MSIM) has announced the completion of converting a fixed income mutual fund into an exchange-traded fund (ETF). This development follows the conversion of two fixed income mutual funds to ETFs in March 2024, expanding MSIM's offering to eight active fixed income ETFs.

WASHINGTON, D.C. (June 13, 2024)—Another week has seen a continued decline in gas prices as the national average for a gallon of gasoline dipped by two cents since last Thursday to $3.46. The primary reasons for this decline are low gasoline demand and increasing supply.

Global investment firm Carlyle (NASDAQ: CG) has announced changes in its leadership within Americas Corporate Private Equity, effective immediately.

The Insurance Information Institute (Triple-I) has reported improvements in personal auto profitability, although these gains may take time to impact premium rates. According to Triple-I's newly published Issues Brief, "Trends and Insights: Personal Auto Insurance Rates," the 2023 net combined ratio for auto insurers was 104.9, a 7.3-point improvement over 2022. Additionally, the net written premium growth for 2023 reached 14.3%, the highest in over 15 years and six points higher than the next-highest during that period.

Research and consulting firm Sedgwick released a report on May 31, which found that attorneys use a tactic called anchoring to win large verdicts. These verdicts are contributing to social inflation, which refers to insurance costs increasing faster than overall economic inflation.

Global investment firm Carlyle (NASDAQ: CG) has announced the appointment of Yoshinori Komiya as Senior Advisor to its Japan advisory team. Mr. Komiya will assist in identifying and assessing new investment opportunities and contribute to value creation within Carlyle’s existing portfolio.

Tokyo, Japan – June 6, 2024 – Global investment firm Carlyle (NASDAQ: CG) today announced it has agreed to sell 100% of Tokiwa Cosmetics Group (collectively with Tokiwa Corporation and its subsidiaries, “Tokiwa”), a global cosmetics research, development, and manufacturing company, to Nihon Kolmar Holdings (collectively with TOA Inc., its 100% subsidiary, “TOA Group”), Japan’s largest cosmetics ODM/OEM manufacturer. Terms of the transaction were not disclosed.

Morgan Stanley at Work has released its fourth annual State of the Workplace Financial Benefits Study, revealing that employees continue to prioritize retirement planning support and financial guidance as essential workplace benefits. The study highlights that in an uncertain economic climate, employees are reducing their plan contributions while seeking financial advice from workplace resources. Meeting these needs is seen as crucial for attracting and retaining talent.

Morgan Stanley Investment Management (MSIM), through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), has announced the acquisition of a 49% stake in Onslow Iron Road Trust (Road Trust). The partnership includes Mineral Resources Limited, which retains a 51% ownership.

Gasoline prices have fallen by eight cents since last Thursday, now averaging $3.48 per gallon, marking the largest weekly drop of the year.

ORLANDO, Fla. (June 6, 2024) – The most recent annual consumer survey by AAA on Electric Vehicles (EVs) indicates a decline in consumer interest in purchasing EVs. Only 18% of U.S. adults say they would be “very likely” or “likely” to buy a new or used EV (not a hybrid), down from 23% last year. Additionally, 63% cited being "unlikely or very unlikely" to purchase an EV for their next car.

Morgan Stanley (NYSE: MS) has announced its schedule for conference calls to discuss its financial results for the second quarter, third quarter, fourth quarter, and full-year 2024.

From "Adopt a Shelter Cat Month" to "Hug Your Cat Day" on June 4, and the humorous "Cat World Domination Day" on June 24, June celebrates the companionship and joy that cats bring into our lives. It is also an opportune time to expand knowledge about cat care for their optimal well-being.

Morgan Stanley Foundation Announces $8 Million Grant to Feeding America to Address Child Hunger

E*TRADE from Morgan Stanley today released the data from its monthly sector rotation study, based on the E*TRADE customer notional net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors.

Carlyle to Present at Morgan Stanley’s US Financials, Payments and CRE Conference

Morgan Stanley announced the winners of its 15th annual Strategy Challenge, a pro bono program designed to assist nonprofits in addressing strategic issues. This year's winners supported Protect All Children from Trafficking (PACT) in the U.S. and Anthony Nolan in the UK.