Allianz Backs Operating Profit View

Allianz reported an operating profit of EUR3.8 in the second quarter, and reaffirmed its full-year view, as strength in its property-and-casualty segment offset subdued performance in asset management. 


 
Pro Take: Fed Releases List of 9,000-Plus Banks With Master Accounts-and Those Hoping for One

The U.S. central bank made the list public after Congress required its release by law. 


 
This Payments Company Is Winning Big After SVB Collapse

Brex said it now oversees close to $7 billion in customer money, after startups fled Silicon Valley Bank. 


 
Access Holdings Taps Co-Investment Appetite, Gathering $805 Million

The midmarket firm's second commingled fund includes around $280 million in co-investment capital committed across two deals. 


 
CI Financial's Profits Slip but Its Stock Rises

The Canadian company has made headway paying down debt after pursuing an aggressive acquisition strategy in the U.S. wealth management market. 


 
Brookfield Sets Sights on Raising $150 Billion This Year

The multistrategy fund manager sees the best opportunities in real estate since 2009. 


 
Clayton Dubilier & Rice to Close Its Largest-Ever Fund at $26 Billion

Longtime investor-relations head Tom Franco will shift role following record fundraising effort. 


 
Financial Services Roundup: Market Talk

Find insights on Nuvei, Legal & General Group, Hapvida Participações e Investimentos, and more in the latest Market Talks covering Financial Services. 


 
Some Banks Struggle to Report Uninsured Deposits Correctly

One New Jersey lender is on its fourth try getting its year-end number right. 


 
Italy Treads Fine Line as It Tries to Introduce Windfall Bank Tax

Giorgia Meloni's populist-leaning administration seeks to tax banks for the gains they have made thanks to higher interest rates without spooking markets.


(END) Dow Jones Newswires

08-11-23 0015ET