FDIC-run Signature Bridge Bank sells 20% stake in entity holding $9 billion CRE portfolio
(Reuters) – The Federal Deposit Insurance Corporation, as the receiver of the failed Signature Bank, said on Wednesday it has sold a 20% equity stake in the entity that holds a $9…
Average 60/40 portfolio has best month in November since 1991 – BofA
LONDON (Reuters) – November was the best month in over three decades for a classic stock and bond portfolio, as both markets posted their best returns in years, according to a Bank…
Baloise explores sale of $1.1 billion Belgian insurance portfolio – sources
By Pablo Mayo Cerqueiro LONDON (Reuters) – Swiss insurer Baloise is in talks to sell around 1 billion euros ($1.1 billion) of life insurance policies in Belgium, two people familiar with the…
Ex-Odey portfolio manager Hanbury aims short bet on private equity – letter
By Nell Mackenzie LONDON (Reuters) – Former Odey Asset Management (OAM) portfolio manager James Hanbury has taken short positions against private equity, which will likely struggle to finance and refinance deals as…
Australia’s Computershare to sell US mortgage portfolio for $720 million
By Rishav Chatterjee (Reuters) -Australia’s Computershare said on Tuesday it was selling its U.S. mortgage services arm to asset manager Rithm Capital for $720 million, as the share registry company aims to…
PNC Bank buys $16.6 billion capital commitment portfolio from Signature Bridge Bank
(Reuters) – PNC Financial Services’ banking unit said on Tuesday that it had bought a portfolio from Signature Bridge Bank representing $16.6 billion in total commitments, including $9 billion of funded loans,…
HEICO to buy Wencor for $2 billion to boost aircraft generic parts portfolio
By Abhijith Ganapavaram and Allison Lampert (Reuters) -Aerospace supplier HEICO Corp said on Monday it will buy Wencor Group in a deal valued at $2.05 billion to boost its portfolio of generic…
Heineken to invest $300 million in Brazil to expand premium beer portfolio
SAO PAULO (Reuters) – Heineken NV, the world’s second-largest brewer, said on Thursday it will invest 1.5 billion reais ($300.8 million) in Brazil as part of an expansion plan for its premium…
Inflation could make or break rebounding 60/40 portfolio
By Lewis Krauskopf and David Randall NEW YORK (Reuters) – An investing strategy designed to hedge against market declines is rebounding after a rough year, but its success may hinge on whether…
FDIC retains BlackRock unit for Signature Bank, SVB securities portfolio sale
(Reuters) – The Federal Deposit Insurance Corporation (FDIC) has retained BlackRock Inc unit Financial Market Advisory to sell the securities portfolios it kept in receivership after the collapse of Signature Bank and…
FDIC announces sale process of former Signature Bank loan portfolio
(Reuters) – The Federal Deposit Insurance Corporation (FDIC) on Monday announced the marketing process for the about $60 billion loan portfolio retained in receivership following the failure of Signature Bank. The FDIC…
Analysis-Sharp drop in equity premium may mark return of 60/40 portfolio
By Mehnaz Yasmin (Reuters) – The reward for holding U.S. stocks over Treasury bonds has not been this unattractive since 2004, possibly setting the stage for the sought-after 60/40 portfolio diversification to…
Tata Motors looks to expand electric car portfolio, add pricier models
By Aditi Shah and Praveen Paramasivam GREATER NOIDA, India (Reuters) – Tata Motors plans to expand its electric car portfolio with new models and higher price points, its managing director said on…
Gold is better portfolio diversifier than bitcoin -Goldman Sachs
(Reuters) – Goldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in a Monday research note. Gold is less…
Uralsib completes purchase of Citi’s Russian consumer loan portfolio
MOSCOW (Reuters) -Russian commercial bank Uralsib said on Monday it had completed the acquisition of a portfolio of consumer loans from Citigroup Inc’s Russian unit, as the major U.S. lender reduces its…
Generali plans sale of $21 billion of its Italian life insurance portfolio -Bloomberg News
(Reuters) -Italian insurer Generali SpA is planning to sell roughly 20 billion euros ($21 billion) of its Italian life insurance portfolio, Bloomberg News reported on Wednesday, citing people familiar with the matter.…
REUTERS NEXT: Crypto entrepreneur Sun looking at FTX ventures’ portfolio companies
LONDON (Reuters) – FTX’s venture capital arm has assets that could be worth investing in, but since the failed crypto exchange has entered Chapter 11 bankruptcy proceedings the process could take time,…
Elliott raises stake in Pinterest; adds Clarivate, Cardinal Health to portfolio
(Reuters) – Hedge fund Elliott Investment Management raised its stake in social media platform Pinterest while adding Clarivate Plc, Cardinal Health and Triple Flag Precious Metals Corp to its portfolio, a regulatory…
Royal Bank of Canada eyes 2030 emission cuts in lending portfolio
By Manya Saini and Simon Jessop LONDON (Reuters) – Royal Bank of Canada on Wednesday released interim 2030 targets to cut carbon emissions linked to some of its loans, yet drew criticism…
Commodities key for diversifying portfolio risk, says Goldman
(Reuters) – Commodities remain a key asset class for diversifying portfolio risk despite continued underperformance to their own fundamentals given a strong dollar, rising recession fears and declining liquidity, analysts at Goldman…
Dog Haus Expands Virtual Kitchen Portfolio Throughout California
Acclaimed gourmet hot dog, sausage and burger concept opens three virtual kitchens in Oakland, San Francisco and Santa Monica Pasadena, CA (RestaurantNews.com) Dog Haus is continuing to prove that it’s a vigorous…
Foodie Franchises Portfolio Grows to (8) Emerging Food Brands
Johns Island, SC (-) Gregory George, the Founder of Foodie Franchises, announced the roll out of eight emerging food franchises. After 20 plus years specializing in food franchises George knew there was…
Foodie Franchises Adds Buena Papa Fry Bar to Franchise Portfolio
Wilmington, NC (-) Foodie Franchises Founder Greg George announced the addition of Raleigh, NC based Buena Papa Fry Bar to the company’s portfolio of food franchises. Buena Papa Fry Bar serves up…
Revolution Awarded Two Additional Technology Patents, Including 1st Internationally; Broadens IP Portfolio to Nine Patents
Revolution’s first international patent covers POS integration, dynamic menu creation and upselling capabilities. Southlake, TX (-) Restaurant Revolution Technologies (Revolution) announced today its ownership of two newly issued technology patents including its…
Foodie Franchises Continues Expanding Portfolio of Emerging Food Brands
Charleston, SC (-) Foodie Franchises CEO and Founder Greg George announces the addition of BK Lobster Seafood Bar to the company’s portfolio of emerging food franchises. The company has been looking to…
Fransmart Hires for Multi-Billion Dollar Portfolio of Category-Leading Franchise Brands
Shannon Keller Leading franchise development company fuels consistent growth with its proven formula of turning emerging franchise concepts into international success stories Scottsdale, AZ (-) Solidifying its position as the leader in…
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