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Pension

Exclusive: Brookfield weighs move into UK pension insurance market -sources

A view of the British capital's twin financial powerhouse, the City of London and Canary Wharf, in London, Britain March 19, 2023. REUTERS/Yann Tessier/File Photo Acquire Licensing RightsLONDON, Oct 16 (Reuters) - Brookfield (BN.TO), through its affiliate Brookfield Reinsurance (BNRE.N), is weighing entering Britain's burgeoning pension insurance industry and is open to an acquisition to bolster growth, three people familiar with the matter told Reuters. The company is scanning the market for potential deals to access the bulk annuities space, where possible targets could include companies like Just Group (JUSTJ.L)...
Banking

US banks, tech firms offer support for Israel victims, announce aid

Oct 13 (Reuters) - As big U.S. corporations kicked off corporate earnings season this week, executives addressed the Israel-Hamas conflict and some companies launched fundraising efforts."I just want to say how deeply saddened that we all are about the recent horrific attacks on Israel ... Terrorism and hatred have no place in our civilized world," JPMorgan Chase (JPM.N) CEO Jamie Dimon said on a post-earnings call before diving into results.He warned that the war in Ukraine, compounded by the attacks on Israel, could have "far-reaching impacts on energy and food...
Banking

Fed’s hawkish stance spooks investors, though some say peak rates near

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger Acquire Licensing RightsNEW YORK, Sept 21 (Reuters) - The Federal Reserve’s plans for a prolonged period of elevated interest rates could continue pressuring stocks and bonds in coming months, though some investors doubt the central bank will stick to its guns.The U.S. central bank left interest rates unchanged on Wednesday, in line with market expectations. But policymakers bolstered their hawkish stance with a further rate increase projected by...
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