HSBC sells Singapore insurance unit to Germany’s Allianz in deal worth USD 2.1 billion
Instead of underwriting insurance policies itself, HSBC will distribute Allianz's insurance products,...
Category Banking and Finance
Blackstone’s AI bet pays off as assets hit USD 1.35 trillion
Carrying on its heavy AI bets, Blackstone is joining peer Apollo in...
Goldman creates platform giving wealthy clients access to private company investments
Wealthy investors increasingly seek access to privately held companies, where startups stay...
Samsung vs Apple: US smartphone payment services race heats up
The 'Samsung Galaxy Card' will allow users to apply, manage accounts, track...
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Magazine
ICP: Advancing Saudi Arabia’s industrial edgeSince its launch, the ICP has begun delivering tangible results across the industrial sector...
Citadel pumps USD 400 million in Crypto.com at valuation worth USD 20 billion
As per Crypto.com, the capital is expected to accelerate its expansion across...
BlackRock assets hit record USD 15 trillion amid strong ETF inflows
Assets managed by the company jumped to a record USD 15.34 trillion...
Jamie Premium: JPMorgan nears historic USD 1 trillion market value
Crossing the USD 1 trillion milestone will put the bank in a...
Big-ticket Wall Street IPOs, dealmaking drive JPMorgan’s record Q2 profit
Investment banking rode a sharp rebound in the American IPO market, led...
SoftBank, PayPay likely to invest in Japan’s retail giant Seven & i, claims report
The proposed investment will total 700 billion yen, with Sumitomo Mitsui Card,...
Swift starts blockchain-based ledger, to enable cross-border payments with tokenised deposits
The product, announced by the Swift in 2025, has been designed and...