Blackstone Raises $8 Billion for Second Long-Life Fund
Blackstone collected the pool during the early days of the coronavirus pandemic, which slowed fundraising across the industry. Calpers, however, provided a $1 billion boost to the fund in March.
Global Insurer AIG to Divest Life-Insurance Business
Current President Peter Zaffino will run the insurer as CEO starting March 1, while current Chief Executive Brian Duperreault will become executive chairman, the latest moves at a firm that in recent years has faced shareholder activists.
JPMorgan Currency Deal Highlights Finance's Green Shift
Green finance is making tracks into foreign-exchange markets, with JPMorgan arranging a type of currency derivative for Italy's Enel that is linked to both companies' sustainability targets.
Ant to Raise More Than $34 Billion in Record IPO
The Chinese financial-technology giant will list its shares in what is set to be the world's biggest-ever initial public offering, a deal that bypasses U.S. stock exchanges.
UK Watchdog Censures Aviva for Listing, Transparency Rules Breach
The Financial Conduct Authority censured Aviva for a listing and transparency rules breach, saying that an announcement regarding preference shares posted by the FTSE-100 insurer had the potential to mislead the market.
Scale Venture Partners Raising Larger, $500 Million Fund
Flush from strong IPOs by two of its portfolio companies, the venture firm aims to surpass the $400 million its last fund raised.
SEC Provides Fewer Warnings of Potential Civil Action
Fewer companies are receiving warnings of potential civil-enforcement actions from the Securities and Exchange Commission as businesses under investigation increasingly opt to defend themselves before receiving a "Wells notice."
Banks Navigate Hazy Regulations to Serve Cannabis Businesses
Financial institutions looking to offer banking services to legal cannabis growers and distributors are still limited by spotty regulations and expensive compliance efforts.
ETF Clones Multiply in Industry Fee War
Some of the biggest asset managers are creating cheaper knockoffs of their most popular exchange-traded funds.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services.
(END) Dow Jones Newswires
10-27-20 0015ET