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News
British Bangladesh Chamber plans London trade centre to boost bilateral business ties
14+ hour, 45+ min ago (251+ words) Sunday September 13, 2026 The British Bangladesh Chamber of Commerce and Industry (BBCCCI) plans to establish a British-Bangladesh Trade Centre in London to strengthen trade, investment and business ties between Bangladesh and the United Kingdom. The proposed centre will connect businesses from…...
China steps up support for economy with major bank capital boost plan
6+ day, 11+ hour ago (656+ words) China rolled out a package of capital injections worth about 360 billion yuan (US$54 billion) on Sunday for the country’s largest state-owned insurers and state banks, marking a step towards Beijing’s long-flagged plan to build itself into a global financial powerhouse....
China plans up to $47 billion capital boost for state banks and insurers
6+ day, 17+ hour ago (261+ words) China plans to strengthen the capital of state-owned banks and insurance companies through injections and private placements of shares totaling up to 317 billion yuan, equivalent to approximately $47 billion. This was reported by Asharq Al-Awsat, citing company statements and Reuters. China’s…...
Partners Group Holdings to acquire Fidelity Life in adviser channel shake-up
1+ week, 2+ day ago (776+ words) Insurance Business Partners Group Holdings to acquire Fidelity Life in adviser channel shake-up Life insurer ownership concentration accelerates while regulators sharpen scrutiny of adviser remuneration and product suitability Partners Group Holdings Limited (PNZ) has entered into an agreement to acquire…...
Mark Walter's insurers borrowed from home loan bank to lend to other units - report
1+ week, 3+ day ago (91+ words) Seeking Alpha Insurers controlled by billionaire Mark Walter loaned more than $20B to other parts of his business empire while they increasingly borrowed from a source of low-interest financing intended to support the U.S. housing market, according to a media report on…...
Mark Walter’s TWG is working with regulators, says ‘no fraud’
2+ week, 3+ day ago (549+ words) By Arasu Kannagi Basil Aug 26 (Reuters) – Billionaire Mark Walter’s holding company, TWG Global, is working with U.S. regulators to address concerns over related-party investments on the books of his insurance companies, the firm said in a statement on Wednesday,…...
Steadfast agrees $5.51bn buyout by KKR-led consortium
2+ week, 5+ day ago (363+ words) Australian insurance broker Steadfast has entered into a $5.51bn (A$7.7bn) buyout agreement with a consortium comprising Amwins Group, Dragoneer Investment Group and KKR. The transaction, structured under a scheme implementation deed (SID), involves Amwins Australasia Group and Starboard BidCo, a vehicle…...