Latest Banking & Financial Services News from Business Daily

Banking & Financial Services

Morgan Stanley closes PECO III fund at $2.3 billion cap for co-investment

By Business Daily | Apr 14, 2025

Morgan Stanley Investment Management (MSIM) has confirmed the final closing of its North Haven Private Equity Co-Investment Opportunities Fund III LP (PECO III), which met its hard cap with $2.3 billion in commitments.

Banking & Financial Services

E*TRADE launches commission-free index mutual funds exclusive to its platform

By Business Daily | Apr 14, 2025

E*TRADE from Morgan Stanley has introduced five index mutual funds with no management fees.

Banking & Financial Services

Morgan Stanley announces conference call for first quarter 2025 results

By Business Daily | Apr 11, 2025

Morgan Stanley will hold a conference call to discuss its first quarter 2025 results on April 11, 2025, at 9:30 a.m. ET.

Banking & Financial Services

Gas prices decline unexpectedly as OPEC+ increases oil production

By A. A. Sanchez | Apr 10, 2025

Prices at gas stations are seeing a decline at a time they usually rise.

Banking & Financial Services

Carlyle completes acquisition of SNP to support international growth and expansion

By Business Daily | Apr 10, 2025

Global investment firm Carlyle has finalized its acquisition of SNP Schneider-Neureither & Partner SE through a voluntary public cash takeover offer.

Banking & Financial Services

California tackles homeowners insurance market instability amid climate risks

By Business Daily | Apr 10, 2025

California is facing significant challenges in its homeowners insurance market, as outlined in a recent Issues Brief by the Insurance Information Institute (Triple-I).

Banking & Financial Services

Carlyle provides significant loan to support Dexian's refinancing efforts

By Business Daily | Apr 9, 2025

Carlyle, a global investment firm, announced its Global Credit platform has provided a $270 million unitranche term loan to Dexian.

Banking & Financial Services

Carlyle Group to release Q1 2025 financial results on May 8

By Business Daily | Apr 8, 2025

The Carlyle Group Inc., a global investment firm, announced it will release its financial results for the first quarter of 2025 on May 8.

Banking & Financial Services

Allstate and NACDA unveil nominees of the 2025 Good Works Team for spring

By Business Daily | Apr 8, 2025

Allstate, in partnership with the National Association of Collegiate Directors of Athletics (NACDA), has revealed the 207 nominees for the first-ever Allstate NACDA Good Works Team for the spring.

Banking & Financial Services

AlpInvest secures $4 billion for strategic portfolio finance fund

By Business Daily | Apr 7, 2025

AlpInvest Partners, a global private equity firm and subsidiary of Carlyle, announced the successful fundraising of $3.2 billion for its AlpInvest Strategic Portfolio Finance Fund II (ASPF II).

Banking & Financial Services

Four Seasons Hotel in DC awarded AAA Timeless Diamond for decades of excellence

By A. A. Sanchez | Apr 7, 2025

The Four Seasons Hotel in Washington, DC, has been recognized as a AAA Timeless Diamond for its long-standing history of exceptional hospitality.

Banking & Financial Services

Morgan Stanley announces $15 million in grants for youth mental health initiatives

By Business Daily | Apr 7, 2025

Morgan Stanley announced a new wave of financial support for its Alliance for Children’s Mental Health, amounting to $15 million in multi-year grants.

Banking & Financial Services

Colorado State forecasts above-average 2025 Atlantic hurricane season

By Business Daily | Apr 3, 2025

An upcoming active hurricane season is anticipated for the Atlantic basin in 2025, as indicated by a recent forecast from Colorado State University's Department of Atmospheric Science.

Banking & Financial Services

Gasoline prices rise, EV charging costs hold steady amid seasonal trends

By A. A. Sanchez | Apr 3, 2025

Gasoline prices have experienced a noticeable rise in the past week.

Banking & Financial Services

Tender offer for bluebird bio's shares extended to April 18, 2025

By Business Daily | Apr 3, 2025

Carlyle, SK Capital Partners, and Beacon Parent Holdings have announced an extension to their tender offer for acquiring bluebird bio's outstanding common stock.

Banking & Financial Services

Allstate finalizes sale of Employer Voluntary Benefits business

By Business Daily | Apr 1, 2025

The Allstate Corporation has finalized the sale of its Employer Voluntary Benefits business to StanCorp Financial Group, Inc. (The Standard) for $2 billion.