Banking & Financial Services News on Business Daily

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

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.

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.

AAA has announced the appointment of Meg Lane as its new Chief Brand Officer.

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

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.

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

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.

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

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.

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.

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.

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

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

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

AAA Travel has announced the winners of its Partner of the Year Awards at the annual Travel Conference in Oceanside, California.

Three new properties have been awarded the prestigious AAA Five Diamonds.

Morgan Stanley has announced its receipt of two awards from the Money Management Institute (MMI) and Barron's for 2024.

AAA has released new research indicating that 2024 model vehicles equipped with automatic emergency braking (AEB) systems are significantly more effective at avoiding forward collisions than older models from 2017-2018. The study, conducted in collaboration with the Automobile Club of Southern California’s Automotive Research Center, tested both old and new vehicles under controlled conditions. Results showed that newer models avoided collisions entirely at speeds up to 35 mph, while older models only managed a 51% success rate.

Morgan Stanley has announced that Ted Pick, the current Chief Executive Officer, will assume the role of Chairman starting January 1, 2025. This decision was made by the company's Board of Directors.