Tag
Financial Services
8 articles
Sanlam's Profit Fall Masks Operational Strength — Currency Headwinds and India Spending Distort Core
South African insurer reported 22% profit decline but record new business volumes of R496 billion and doubled client cash flows signal underlying momentum.
Jefferies Shuts Outsourced Fixed-Income Desk, Reverses Year-Old Pivot
The firm abandons its TS Imagine integration and outsourced trading unit after just 12 months, signaling a broader retrenchment in asset management.
CrowdStrike's 26% Billings Growth Justifies Premium; Kraft Heinz and MetLife Are Value Traps
CrowdStrike's robust demand and expanding market share contrast sharply with operational deterioration at Kraft Heinz and persistent underperformance at MetLife.
Financial Incumbents Deploy Across On-Chain Stack as Stablecoin Payments Surge 350%
Traditional finance and fintech firms are building on-chain infrastructure for brokerage, tokenized assets, and DeFi, leveraging stablecoins as foundational payment rails.
Bank of America Takes 49.9% Stake in Jio Credit With $1.92 Billion India Deal
The U.S. lender enters a joint venture with Jio Financial Services, acquiring an initial 26.5 percent interest expandable to nearly half of its non-bank lending arm.
Apollo's Fee Earnings Hit Record $785M as Lending and Insurance Offset Asset Sale Drag
Fee-related earnings rose 25 percent to a quarterly high of $785 million, while insurance asset spreads climbed 7 percent to $877 million, as Apollo deferred asset sales.
Kean Jr.'s Return Changes House GOP Math on Key Finance Votes
The New Jersey Republican's expected return in weeks could swing votes on appropriations and digital asset legislation
Citadel's Miami Commitment Shows Shift in Financial Markets
Ken Griffin's commitment to Miami and critique of New York City reflects capital reallocation affecting U.S. financial and real estate markets.