Insurance sector on the right growth track
The life insurance business, which accounted for 43% of the sector's total premium income, grew by N48 billion to N309 billion in the fourth quarter of 2022...
Tag : assets
IF Insights: As SEC goes into a crackdown mode, ‘Crypto Winter’ prolongs further
Binance is the largest crypto exchange and handles billions in investments for investors daily...
Climate change brings new risks for companies: Finance Expert Nuno Fernandes
Climate change affects a company's fundamentals, and thus markets overall...
Goldman Sachs to target $9bn assets under management in Japan
Goldman Sachs has already begun to hire private bankers to manage assets over the next 5 to 10 years...
Emirates REIT now world’s largest listed shari’ah compliant REIT
Total assets is $773 million and market capitalisation is $333 million IFM Correspondent November 3, 2016: With a year-on-year increase of 13 per cent in total portfolio value, Emirates REIT (CEIC) Limited, one of UAE’s first regulated shari’ah compliant Real Estate Investment Trusts to be listed on Nasdaq Dubai, is now the largest shari’ah compliant...
Investment bank sold all its UK assets before Brexit
Carnegie Investment Bank manages $17 billion for clients IFM Correspondent November 2, 2016: Carnegie Investment Bank AB, which manages $17.2 billion for clients, sold all of its UK holdings as opinion polls narrowed ahead of the June vote to exit from the European Union. Chief strategist Henrik Drusebjerg explained that the bank held equities as...
Brexit: Sterling appears more vulnerable than any other major currency
Its value in foreign exchange markets is reliant on purchase of UK financial assets by overseas investors Don Smith October 27, 2016: Despite a run of better than expected UK economic data since the Brexit vote – including 0.7% second-quarter expansion, beating estimates – financial markets are increasingly concerned about the outlook for the country’s...
Sapphire Ventures raises $1 billion
This comes on the heels of a strong track record of exits September 16, 2016: Sapphire Ventures announced it has closed on $1 billion in new capital commitments. The firm invests in high-growth, expansion-stage technology startups across the globe, as well as early-stage, technology-focused venture capital funds. With this new funding, Sapphire’s total assets under...
KBL epb 2015 net profit rises 22%
Full year net profit reaches €81 million; revenues rise to €548 million May 10, 2016: KBL European Private Bankers (KBL epb), headquartered in Luxembourg and operating in 50 cities in Europe, announced its positive financial results for the 12-month period ending December 31, 2015. KBL epb reported a group net profit of €81 million for...