According to a source familiar with the matter at hand, KKR & Co Inc has collected $18.5 billion for its latest flagship North America private equity fund, in what is slated to be its biggest-ever fund in less than five… Read More ›
life insurance
Commonwealth Bank of Australia pleads guilty to making unsolicited calls for selling financial products
On Tuesday, as per a statement from Australia’s corporate regulator, the life insurance arm of Commonwealth Bank of Australia has pleaded guilty to 87 counts of breaching a law banning sales staff from making unsolicited calls to sell financial products…. Read More ›
Britain’s Financial Conduct Authority closes investigation into life insurer Scottish Widows
The investigation into the Scottish Widows was brought to an end due to “insufficient basis for taking any enforcement action”. On Tuesday, Britain’s Financial Conduct Authority (FCA), its financial markets regulator, disclosed it has closed its investigation into Scottish Widows… Read More ›
Anbang’s acquisition of Fidelity & Guarantee life falls through
There is more to this deal than meets the eye, especially in the wake of developments that preceded this wherein last month Kushner Companies ended talks with Anbang to redevelop its New York office tower. As per sources familiar with… Read More ›