China's Central Bank Holds Key Policy Rates Steady 

The People's Bank of China held key policy rates steady, a move that could preface a hold on benchmark lending rates later this month.

Allianz Backs Full-Year Guidance After Profit Jump 

Allianz confirmed its 2024 operating profit target after growth across all of its segments over the first quarter boosted its net profit by 22%.

Commerzbank Jumps After Lifting Lending Income Guidance 

Commerzbank raised its guidance for net interest income as the lender reported its best performance in more than 10 years on continued high interest rates and strong customer business.

Financial Services Roundup: Market Talk 

Virgin Money, Hannover Re and more on the latest Market Talks covering Financial Services.

Vanguard Names Former BlackRock Executive as CEO 

Salim Ramji led BlackRock's ETF business and left in January.

PwC's New U.S. Leader Starts Early as Predecessor Heads to Citigroup 

PricewaterhouseCoopers' incoming U.S. head took the reins a month and a half early on Tuesday as his predecessor prepares to exit for Citigroup and the Big Four accounting firm gears up for new global leadership.

U.S. Goes After Firms Involved in Sanctioned Oligarch's Attempt to Sell Stock 

U.S. Treasury sanctions three financial firms and a Russian national that it says were part of a circuitous plan to unfreeze $1.5 billion in shares owned by Oleg Deripaska.

Proxy Advisors to BlackRock: Why Are You Paying Larry Fink So Much Money? 

The two most influential U.S. proxy-voting advisors are recommending that shareholders vote against approving 2023 pay packages BlackRock is looking to award top executives.

Welsh Carson Escapes FTC Price-Fixing Case Over Private-Equity Rollups 

A judge has dismissed the Federal Trade Commission's price-fixing case against private-equity firm Welsh, Carson, Anderson & Stowe, a potential blow to the Biden administration's efforts to crack down on what it sees as healthcare profiteering.

Payments-Company Waystar Plans to Restart IPO Pitch 

The private equity-backed company is eyeing a June stock-market debut.

(END) Dow Jones Newswires

05-15-24 1115ET