This week, Chinese 10-year government bond yields hit a new low, suggesting investor pessimism about the country’s long-term ...
US asset manager MetLife Investment Management is buying PineBridge Investments from Hong Kong billionaire Richard Li’s ...
The Fed on Monday said it planned to overhaul the stress-test regime for banks and planned to seek public comment on planned changes. Regulator Finra says the firms failed to provide customers with ...
Investment Management, the institutional asset management business of MetLife, announced that it has reached a definitive ...
The big managers continue to get bigger through M&A, with MetLife’s institutional asset management business buying PineBridge ...
The deal consideration includes $800m cash at closing, and another $400m contingent on future financial and earnout targets.
New York-based insurer’s arm will pay US$800 million for PineBridge, which manages about US$100 billion in assets.
The S&P 500 is on its way to record a stellar annual return and back-to-back years of more than 20% gains. The index has ...
MetLife Acquires PineBridge's Non-CN Assets for US$800M; Pacific Century Group Retains CN Operations
Chairman Richard Li's Pacific Century Group has sold PineBridge Investments' assets outside mainland China to MetLife Investment Management for US$800 million in cash. The transaction is expected to ...
Shares of banks and other financial institutions rose amid deal activity. BNP Paribas said its BNP Paribas Cardif insurance business agreed to buy AXA Investment Managers for about $5.32 billion in ...
The $800 million deal includes assets PineBridge has outside of China and would extend MetLife's asset management business.
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