by Amruth Sundarkumar | Nov 25, 2021 | Financial Institutions
Assicurazioni Generali has entered into exclusive talks with Credit Agricole to buy the French bank’s subsidiary La Medicale, as part of plans to expand its European non-life and health insurance businesses. According to a statement by the Italian insurer, the talks...
by Amruth Sundarkumar | Oct 19, 2021 | Financial Institutions, Hong Kong
According to Bloomberg sources, FWD Group Holdings’ IPO is said to stall amid regulatory concerns over “the long arm of the Chinese government”. The Asian insurance group has yet to secure the final approval from the US SEC for the listing. In addition, the SEC...
by Megha Malhotra | Aug 25, 2021 | Financial Institutions, Perpetual Bonds
Moody’s has changed the outlook for long term bank deposits and senior unsecured ratings of Dubai based lender Emirates NBD (ENBD) to stable from negative. The rating agency affirmed the A3 long-term deposit ratings and A3 senior unsecured rating of Emirates NBD. It...
by Amruth Sundarkumar | Jul 29, 2021 | Financial Institutions
Singapore’s central bank, the Monetary Authority of Singapore (MAS) lifted its caps on Singapore-based banking and financial companies’ dividend restrictions imposed last year after the pandemic’s impact. Around the same time last year, the MAS had asked local banks...
by Amruth Sundarkumar | Jun 10, 2021 | Financial Institutions, Perpetual Bonds
Ahli United Bank raised $600mn via a Perpetual non-call 5.5Y (PerpNC5.5) AT1 Sukuk at a yield of 3.875%, 50bp inside initial guidance of 4.375% area. The bonds are unrated. Ahli United Perpetual Sukuk is the issuer and Ahli United Bank KSCP is the obligor. The bonds...
by Amruth Sundarkumar | May 31, 2021 | Banks, Financial Institutions
The US Federal Reserve in an annual regulatory assessment noted that Deutsche Bank had not improved its risk management practices despite being under confidential agreements with the Fed. The Fed privately warned the German lender that its compliance programs are not...
