Banking & Financial Services News on Business Daily

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.

Global investment firm Carlyle announced the listing of Rigaku Holdings Corporation on the Prime Market of the Tokyo Stock Exchange.

The commercial auto insurance sector has faced challenges in achieving underwriting profitability for several years, a situation that predates the recent inflationary pressures affecting property and casualty lines. Despite steady growth in net written premiums, this line of insurance continues to struggle, as reported by the Insurance Information Institute (Triple-I), an affiliate of The Institutes.

CorroHealth has announced a strategic partnership with Patient Square Capital, a health care investment firm. The agreement involves Patient Square making a significant investment in CorroHealth, which provides revenue cycle management solutions to health systems and plans. Current shareholders, including Carlyle, TT Capital Partners, Sanaka Group, and CorroHealth management, will remain involved as investors. Patient Square and Carlyle will share joint control of the company.

The Insurance Information Institute (Triple-I) has initiated a campaign to highlight the effects of legal system abuse on consumers, businesses, and insurers in Georgia. This effort includes an Interstate 20 billboard in Downtown Atlanta and digital billboards throughout Metro Atlanta at bus stops and other urban locations.

Morgan Stanley has introduced AskResearchGPT, a generative AI-based assistant designed to aid its Investment Banking, Sales & Trading, and Research teams. This tool is intended to streamline the process of accessing and summarizing data from Morgan Stanley's extensive research library, which includes over 70,000 proprietary reports published each year.

Morgan Stanley Investment Management has successfully closed its North Haven Tactical Value II Fund LP and affiliated funds, raising approximately $2 billion in committed capital. This marks a nearly 50 percent increase over the predecessor fund, NHTV I. The new fund aims to offer credit, hybrid, and non-control equity investments in high-quality companies across various sectors and geographies. It attracts both institutional investors and qualified individual investors.

Morgan Stanley has released the findings of its 2024 Retirement Plan Survey, highlighting changing attitudes and strategies among 401(k) plan sponsors. The survey reflects a growing reliance on consultants to navigate the complexities of retirement planning.

Morgan Stanley has announced the schedule for its quarterly investor conference calls to discuss financial results for the fourth quarter and full-year 2024, as well as the first three quarters of 2025.