All articles by Shivam Mishra

B. Riley to divest Great American unit to Oaktree Capital for $386m 

The division being sold comprises the appraisal and valuation services, retail, wholesale & industrial solutions, and real estate advisory businesses. 

HSBC launches review of China digital wealth business Pinnacle 

This scrutiny could potentially lead to layoffs and represents a shift from the bank’s previous growth plans for the unit.  

BlackRock reports Q3 2024 net income of $1.63bn  

The company’s AUM experienced a 26% surge, reaching $11.47trn, bolstered by net inflows and favourable market conditions.

China tightens wealth management product checks 

Financial institutions have been directed to enhance monitoring of wealth management products after approximately 1.05trn yuan ($149bn) was withdrawn by investors. 

HNW-focused P&C insurer PURE Insurance expands into Canada    

The reciprocal insurer, owned by its policyholders, is initially available through select brokers in Ontario. 

Allianz PNB Life and HSBC Wealth forge insurance distribution partnership

The alliance includes distribution of life insurance products to HSBC customers in the Philippines.

Schroders annual operating profit dips 14% to £723m

BNP Paribas AM merges quantitative portfolio management and ETF teams

Barclays co-heads of equities exit as part of restructuring

GIC slashes investments with H2O Asset Management after regulatory sanctions