KKR to Buy Perpetual's Units for Over $1 Billion

The Australian financial company will become a stand-alone, multi-boutique asset management business with the sale of its corporate trust and wealth management divisions to KKR. 


 
Pricier Insurance Makes Sense as Climate Risk Grows, Chubb CEO Says

Speaking in California, Evan Greenberg says industry has been setting premiums 'very rationally,' adding that it didn't tell people to 'build magnificent homes in a wildfire zone.' 


 
UBS Beats Forecasts as Integration-Related Costs Fall

UBS returned to profit in the first quarter with the integration of Credit Suisse less of a drag on its performance than analysts anticipated, as the group continued to attract funds from wealthy clients. 


 
UniCredit Upbeat on Outlook After Strong First Quarter

UniCredit improved its 2024 guidance as it reported better than expected profits for the first quarter on higher revenue and net interest income. 


 
RBA Keeps Rates on Hold, Repeats Nothing Ruled In or Out

The Reserve Bank of Australia left interest rates unchanged, and stuck with the message that it isn't ruling anything out as it seeks to bring inflation under control. 


 
The Private-Equity Deal That Flattened a Hospital Chain and Its Landlord

Cerberus made a big profit, but Steward went bankrupt and its landlord suffered big losses. 


 
FDIC Investigation Finds Culture Rife With Sexual Harassment, Discrimination

A law-firm report indicated Chairman Martin Gruenberg has anger issues and questioned his ability to overhaul culture. 


 
Financial Services Roundup: Market Talk

Read about lending standards, Banco de Sabadell , UBS and more in the latest Market Talks covering Financial Services. 


 
ANZ's Profit Falls, Announces Share Buyback

The Australian lender reported a 4% fall in interim profit, but boosted its dividend by almost 2.5% and announced a share buyback as its capital position remained strong. 


 
SEC Prepares to Sue Robinhood Over Crypto Unit

The agency could seek an order that would prevent the popular brokerage firm from trading certain crypto assets.


(END) Dow Jones Newswires

05-08-24 0015ET