AIG unit Corebridge targets up to $15.5 bln valuation in US IPO

The AIG logo is seen at its building in New York’s financial district March 19, 2015. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Sept 6 (Reuters) – American International Group Inc (AIG.N) said on Tuesday it was seeking a valuation of up to $15.5 billion in the IPO of its unit … Read more

China sentences tycoon Xiao Jianhua to 13 years, fines his company $8.1 billion

People walk past the building with the listed address of Tomorrow Holdings’ Beijing office, China, February 3, 2017. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com Register BEIJING, Aug 19 (Reuters) – A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in jail … Read more

Berkshire CEO-designate Abel sells stake in energy company he led for $870 million

Gregory Abel, the CEO of Berkshire Hathaway Energy and who is designated to succeed Warren Buffett as Berkshire CEO, walks through the crowd at the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, US April 29, 2022. REUTERS/Scott Morgan Register now for FREE unlimited access to Reuters.com Register Aug 6 … Read more

Big Tech in finance? There’s a regulator for that

The logo for Amazon Web Services (AWS) is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 1 (Reuters Breakingviews) – Technology companies have stormed the heights of consumer finance, but they don’t face the regulation … Read more

Beazley reports profit plunge, raises outlook on booming cyber business

Beazley logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, July 22 (Reuters) – Lloyd’s of London insurer Beazley (BEZG.L) on Friday reported first-half profits fell on hits to its investment portfolio from market volatility, but raised its full-year profitability guidance … Read more

Australia’s ANZ to buy Suncorp banking arm for $ 3.3 billion, boost mortgage business

An ANZ bank logo is pictured in Sydney, Australia April 23, 2018. REUTERS/Edgar Su Register now for FREE unlimited access to Reuters.com Register ANZ to raise A $ 3.5 bln to fund deal ANZ withdraws from talks to buy MYOB Group Suncorp intends to return majority net proceeds July 18 (Reuters) – Australia and New … Read more