Insurance firm MetLife has inked an agreement to dispose of its nearly $70bn mortgage servicing portfolio to US based JPMorgan Chase Bank, for an undisclosed sum. Subject to certain regulatory approvals and other customary closing ...
Tags: MetLife, mortgage service, JPMorgan Chase Bank, MetLife Bank
CNA Financial has selected Michael Kirchgessner as the vice president of Umbrella for commercial underwriting, in a bid to expand its underwriting capabilities. CNA Commercial chief underwriting officer John Beckman said the company is ...
Tags: CNA Financial, Michael Kirchgessner, vice president, finance
Garments Shramik Sangram Parishad (GSSP), a body representing Bangladesh’s garment factory workers, has urged for reopening of Hall-Mark readymade garment (RMG) manufacturing units under the Government supervision. The garment ...
Tags: GSSP, body representing, readymade garment
New York Life Capital Partners, a private equity affiliate of New York Life Investments has promoted its senior managing principal, Steven Benevento, to chief investment officer. Reporting to NYLCAP chief executive officer Thomas ...
Tags: New York Life Capital Partners, equity affiliate, life investment
The Federal Reserve Bank of New York (New York Fed) has completed the sale of the remaining securities in the Maiden Lane III (ML III) portfolio. The apex banking regulator said that it garnered a net gain for the benefit of the public of ...
Tags: New York Fed, remaining securities, Maiden Lane III, finance
HCL is in talks with DLF Pramerica Life Insurance to acquire 51% stake, a move that will allow the latter to foray into the Indian insurance market. DLF Pramerica Life Insurance is joint venture between DLF and Prudential International ...
Tags: HCL, DLF Pramerica Life Insurance, acquisition, Indian insurance market
UK based Pension Corporation, the specialist insurer which manages pension schemes’ risks, has raised nearly £300m by disposing some of its pension schemes to reinsurer Munich Re. The Munich Re arrangement has been initiated ...
Tags: Pension Corp, Pension Corporation, specialist insurer, pension schemes
UK based Pension Corporation, the specialist insurer which manages pension schemes’ risks, has raised nearly 300m pounds by disposing some of its pension schemes to reinsurer Munich Re. The Munich Re arrangement has been initiated ...
Tags: pension, insurance, pension scheme, Munich Re
Gov. Bev Perdue announced that Global Textile Alliance Inc, a leading fabrics manufacturer, will expand its operations in Rockingham County. The company plans to create 55 jobs and invest $7.4 million over the next three years in ...
Tags: textile industry, Fabric Producer, textile market, Textile Alliance
The South Australian government's decision to direct schools to buy stationery and office products from Corporate Express (now known as Staples) and Office Max has created a "life threatening" situation for the state's 400 newsagencies ...
Fuji Xerox Australia and Fuji Xerox Asia Pacific have launched the fifth annual Printing Innovation with Xerox Imaging Awards (PIXI), which aim to promote digitally-printed communications that have been created on Fuji Xerox and Xerox ...
Tags: plug printing innovation, Fuji Xerox, awards, innovation
Union Minister for Commerce, industry and Textiles Shri Anand Sharma has held a review meeting for early commencement of minimum support price operations to stabilize cotton prices which have witnessed a sharp decline and are operating ...
Tags: cotton price, cotton market, cotton industry, staple cotton
The policy of the Financial Supervisory Commission(FSC)encouraging domestic enterprises to float renminbi-denominated bonds at the offshore banking units(OBU)of domestic banks may come to a halt,due to disagreement of the Ministry of ...
Asian Development Bank's (ADB) Trade Finance Program (TFP) provides guarantees and loans to partner banks to support trade in its developing member countries. This year alone, TFP will support more than $4 billion in trade. While TFP ...
Tags: Trade Finance Program, trade transactions, textile sector
Business Line reported that the Public Enterprise Selection Board has recommended Mr Moyukh Bhaduri as the new CMD of Hindustan Steelworks Construction Ltd. Mr Bhaduri, who now holds the position of director finance at HSCL, was selected ...
Tags: Public Enterprise Selection Board, Steelworks Construction, India, steel