JPMorgan Chase reached settlements with the U.S. Virgin Islands (USVI) and former executive Jes Staley to resolve lawsuits over sex trafficking by the disgraced financier Jeffrey Epstein, largely resolving a scandal that has weighed on the largest U.S. bank for …
Now that regulators in Washington have unfurled a hefty reform package of post-financial crisis capital regulations, banking industry advisers are honing in on what they consider most disruptive, including risk management requirements that could affect real estate lending, consumer credit …
Shares in Life Insurance Corp. of India (LIC) slid 6% in their market debut on Tuesday, a fresh setback for the state-owned giant after its IPO, while record-breaking, raised far less for the government than initially envisioned. India’s biggest insurer …
India’s Life Insurance Corp. (LIC) has priced its initial public offering at the top of the indicated range, at 949 rupees ($12.28), a source familiar with the matter said on Friday. The state-owned insurance behemoth is likely to be listed …
Prospective investors in Life Insurance Corp. of India’s (LIC) $8 billion IPO are seeking assurances from company management that it will not sacrifice their interests to meet the goals set out by the government, its controlling shareholder, sources said. In …
A public offering of shares by India’s state-run Life Insurance Corp (LIC), set to be the country’s biggest yet at $8 billion, is expected to open for anchor investors on March 11, three sources with direct knowledge of the matter …
State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5% of its shares to potentially raise nearly $8 billion, dwarfing the biggest IPO in Asia’s third-largest economy by a considerable margin. The …
Life Insurance Corp. (LIC), India’s largest insurer, could publish key details of its mammoth initial public offering (IPO) this month and begin issuing public shares by mid-March, government and banking officials told Reuters on Thursday. LIC’s listing is set to …
MUMBAI – Indian digital payments firm Paytm tumbled 25% on its maiden day of trade on Thursday, with investors questioning its lack of profits and the lofty valuations it gained in the country’s largest-ever IPO. Despite fears that Paytm’s market …
New Delhi wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp. (LIC) which is due to go public, four senior government officials and a banker told Reuters, underscoring tensions between the two nations. State-owned …
