Financial Services & Real Estate Headlines

Sun Life buys U.S. asset manager Ryan Labs


TORONTO - Sun Life Financial Inc will buy New York-based Ryan Labs Asset Management in a deal the Canadian insurer hopes will help it win more business with U.S. pension funds and other institutional investors, Sun Life said on Wednesday.

9:52am EST

Qatari-led group wins $4 billion battle for London's Canary Wharf


LONDON - A Qatari-led consortium looked set to win its long-running battle to buy Songbird Estates Plc on Wednesday after the owner of London's Canary Wharf business district dropped its opposition to the $4 billion offer.

9:14am EST

KCG to sell forex trading platform Hotspot to BATS Global

- Financial services provider KCG Holdings Inc said it will sell its foreign exchange trading platform, KCG Hotspot, to BATS Global Markets for $365 million in cash.

8:34am EST

Shake Shack now expects IPO to be priced higher at $17-$19 a share


- Burger chain Shake Shack Inc now expects its initial public offering to be priced at $17-$19 per share, up from $14-$16 expected earlier, valuing the company at up to $674.5 million.

7:21am EST

UAE's NBAD CEO declines comment on Citigroup's Egypt consumer unit

ABU DHABI - The chief executive of National Bank of Abu Dhabi (NBAD) declined to comment on Wednesday on whether his bank had bid for the Egyptian consumer unit of Citigroup .

6:37am EST

Mon, Jan 26 2015

Exclusive: HighTower Advisors secures another $50 million in credit

NEW YORK - Chicago-based independent broker-dealer HighTower Advisors LLC said on Monday it received a $50 million credit line as SunTrust Banks Inc joined HighTower's other lenders, BMO Harris and PNC Bank, to help fuel the firm's broker recruiting plans.

26 Jan 2015

Sun, Jan 25 2015

Reinsurers Axis Capital, PartnerRe to merge in $11 billion deal

- Axis Capital Holdings Ltd and PartnerRe Ltd have agreed to an $11 billion merger to create one of the world's largest reinsurers, PartnerRe said on Sunday.

25 Jan 2015

Hong Kong tycoon's M&A spree promises bumper year for Asia banks


HONG KONG - Li Ka-shing's hectic start to 2015 has meant record Asia M&A, loan and equity deals so far this month - good news for investment bankers close to the 86-year-old Hong Kong tycoon's empire.

Deals, China 25 Jan 2015

Fri, Jan 23 2015

Oanda and ETX Capital enter race for Alpari UK

LONDON - Toronto-based Oanda and Britain's ETX Capital joined the race to buy fellow online foreign exchange broker Alpari UK, looking to expand aggressively in the sector shakeout prompted by last week's turmoil in the Swiss franc.

23 Jan 2015

Monitise says approached about potential sale, merger

- British mobile banking software maker Monitise Plc said on Friday it has received "a number of expressions of interest" after putting itself up for sale.

23 Jan 2015

Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.