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(LFC) China Life Insurance – ADR – Bear of the Day

vitalstocks — Wed, 14 Dec 2011 19:50:15 +0000

China Life Insurance’s (LFC) third-quarter earnings witnessed a steep decline from the comparable period of last year. High surrenders, low premium income and increased impairment losses led to a decline in the net income, while increased unrealized losses in the investment portfolio led to reduced shareholders equity. Additionally, China Life inherently faces substantial interest rate, [...]

(LFC) China Life Insurance – ADR – Bear of the Day

(LFC) China Life Insurance-ADR – Bear of the Day

vitalstocks — Mon, 05 Dec 2011 17:06:41 +0000

(LFC) China Life Insurance-ADR – Bear of the Day

(LFC) China Life Insurance Company Shares Remain Underperform

vitalstocks — Fri, 02 Dec 2011 16:23:41 +0000

We have reiterated our Underperform recommendation on China Life Insurance Company Ltd. (LFC) based on itspoor operating results in the third quarter. China Life reported operating earnings of RMB0.13 per share (US$0.31 per ADR) during the third quarter of 2011, witnessing a 45.7% decline from RMB0.24 per share (US$0.54 per ADR) in the third quarter [...]

(LFC) China Life Insurance Company Shares Remain Underperform

(MFC) Manulife Financial Analyst Initiates Shares with Neutral

vitalstocks — Mon, 28 Nov 2011 16:58:48 +0000

We are initiating coverage on Canada based Manulife Financial Corp. (MFC) with a Neutral recommendation. During the third quarter, the company posted a net loss of 73 cents per share, narrower than the loss of $1.28 in the prior-year quarter. Manulife is one of the dominant life insurers within its domestic Canadian market and possesses [...]

(MFC) Manulife Financial Analyst Initiates Shares with Neutral

(MET) MetLife Alters Regional Segregation

vitalstocks — Mon, 28 Nov 2011 16:58:12 +0000

To provide a better reflection of its global presence, MetLife Inc. (MET) will undergo restructuring of its business segments. As a result, the company will now be divided into three geographical regions – The Americas, Asia and EMEA (Europe, Middle East and Africa). Additionally, MetLife is also creating a new global employees benefits unit. Earlier, [...]

(MET) MetLife Alters Regional Segregation

(LNC) Lincoln National Corporation Increases Dividend by 60%

vitalstocks — Sat, 12 Nov 2011 21:47:59 +0000

Despite basking in a modest third quarter, yesterday, the board of Lincoln National Corp. (LNC) has announced a significant 60% increase in its quarterly dividend to 8 cents per share from the previous pay out of 5 cents. The hiked dividend will be paid on February 1, 2012 to shareholders of record as on January [...]

(LNC) Lincoln National Corporation Increases Dividend by 60%

(LFC) China Life Insurance Sees Moody’s Rating Action

vitalstocks — Mon, 07 Nov 2011 00:12:19 +0000

Beginning this week, credit rating agency Moody’s Investors Service affirmed China Life Insurance Co. Ltd.’s (LFC) insurance financial strength rating of “A1” with a positive outlook based on the company’s stable capital, investment and financial leverage position. However, China Life reported operating earnings of RMB0.13 (US$0.07) per share during the third quarter of 2011, witnessing [...]

(LFC) China Life Insurance Sees Moody’s Rating Action

(GNW) Genworth Financial – Bear of the Day

vitalstocks — Wed, 14 Sep 2011 16:39:56 +0000

Genworth Financial’s (GNW) second quarter operating loss wider than the Zacks Consensus Estimate loss. A substantially higher year-over-year loss at the U.S. Mortgage Insurance segment, partially offset by better results at Retirement & Protection and at International, resulted in the company’s soft performance. We expect mortgage insurance business to remain pressured. Additionally, improvements in its [...]

(GNW) Genworth Financial – Bear of the Day

(LFC) China Life Insurance – ADR- Bear of the Day

vitalstocks — Thu, 08 Sep 2011 16:46:23 +0000

We are initiating coverage on China Life Insurance (LFC) with an Underperform recommendation. The company’s semi-annual earnings witnessed a steep decline from the comparable period of the prior year. Increases in revenue and premiums were offset by increased benefits, claims and expenses, which led to a decline in the net income. Even the capital position [...]

(LFC) China Life Insurance – ADR- Bear of the Day

(DFG) Delphi Financial Group Announces Share Buyback

vitalstocks — Sat, 13 Aug 2011 19:44:40 +0000

Earlier during the week, Delphi Financial Group Inc. (DFG) announced a new $50 million share repurchase authorization, which will replace the existing authorization to buy back 1.0 million shares. Delphi also announced regular quarterly dividend of 12 cents per share, which will be payable on August 31, to the shareholders of record as of August [...]

(DFG) Delphi Financial Group Announces Share Buyback

(DFG) Delphi Misses Estimates – Grows Year Over Year

vitalstocks — Thu, 28 Jul 2011 20:57:25 +0000

Delphi Financial Group’s (DFG) second quarter 2011 core operating income of 86 cents per share missed the Zacks consensus Estimate by 5 cents but compared favorably with 79 cents reported in the prior-year quarter. The earnings miss was driven by lower operating income at Delphi’s Asset Accumulation segment, partly offset by higher operating income at [...]

(DFG) Delphi Misses Estimates – Grows Year Over Year

(PRU) Prudential Financial Spins off Commodities Business Unit

vitalstocks — Wed, 06 Jul 2011 00:17:14 +0000

On Friday, Prudential Financial, Inc (PRU) announced the spin-off of its global commodities business unit to Jefferies Group Inc. (JEF) for $419.5 million. The transaction, which was announced back in April 2011, was valued at $419.5 million based on book value as of the closing date of the transaction. Prudential’s global commodities business consisted of [...]

(PRU) Prudential Financial Spins off Commodities Business Unit

(GNW) Genworth Financial Analyst Upgrades Shares

vitalstocks — Fri, 01 Jul 2011 20:37:49 +0000

We are upgrading our recommendation on Genworth Financial Inc (GNW) to Neutral from Underperform to reflect the company’s continued focus on fueling growth and strong rating affirmation from credit rating agencies. To focus more on its Retirement and Protection segment, Genworth has agreed to sell its Medicare supplement business and related blocks of in-force business. [...]

(GNW) Genworth Financial Analyst Upgrades Shares

(MET) Metlife to Add Turkish Unit

vitalstocks — Wed, 29 Jun 2011 16:45:14 +0000

According to media reports, Dexia SA will vend Deniz Emeklilik & Hayat AS, the insurance unit of Denizbank AS, Dexia’s bank in Turkey to Metlife Inc. (MET) for €161.9 million. Concurrently, France’s AXA is negotiating the distribution of property and casualty insurance on behalf of Deniz Bank. MetLife has grown its core businesses while successfully [...]

(MET) Metlife to Add Turkish Unit

(LNC) Lincoln National Rating Action

vitalstocks — Fri, 24 Jun 2011 16:34:03 +0000

Lincoln National Corp. (LNC) experienced ratings actions on its freshly issued senior unsecured notes from both Moody’s Investors Service of Moody’s Corp. (MCO) and A.M. Best. Accordingly, Moody’s has denoted these notes with a “Baa2” rating, while also promoted Lincoln’s debt outlook to positive from stable. In May last year, the rating agency had revised [...]

(LNC) Lincoln National Rating Action

(AEG) Aegon NV Gains Repayment Flexibility

vitalstocks — Mon, 20 Jun 2011 16:17:08 +0000

Yesterday, Dutch insurer Aegon NV (AEG) announced that it has freed itself of the government debt on making the last repayment of €1.125 million. The company was offered a bailout amount of €3.0 billion during the peak of the global financial crisis in 2008. The latest and last repayment includes €750 million that was used [...]

(AEG) Aegon NV Gains Repayment Flexibility

(ING) ING Group – Lone Finance Bright Spot in ValuEngine.com Stock Screen

valuengine — Thu, 09 Jun 2011 17:43:00 +0000

ING Group (ING) the Lone Finance Bright Spot in ValuEngine.com Stock Screen While finance stocks have not made the grade from our proprietary models as of late, ING GROEP (ING) turned up highly-rated in a screen for liquid stocks with low p/e ratios, high undervaluation ranks, and high short-term forecast figures. In fact, out of 17 [...]

(ING) ING Group – Lone Finance Bright Spot in ValuEngine.com Stock Screen

(DFG) Delphi Financial Group Announces Hike in Dividend

vitalstocks — Mon, 16 May 2011 15:00:43 +0000

Yesterday, employee benefits provider Delphi Financial Group Inc. (DFG) announced a quarterly dividend of 12 cents, marking a single cent increase from the previous quarter. The new dividend, representing a 9% hike from the previous quarterly dividend, is payable on June 8, 2011 to shareholders of record as of May 25, 2011. With an increased annual [...]

(DFG) Delphi Financial Group Announces Hike in Dividend

(MET) MetLife Progresses with ALICO Results Included

vitalstocks — Mon, 09 May 2011 14:02:14 +0000

MetLife Inc. (MET) reported first quarter operating earnings per share of $1.33, exceeding the Zacks Consensus Estimate of $1.26 per share and $1.04 per share in the year-ago quarter. Operating earnings increased 64% year over year to $1.42 billion from $864 million in the year-ago period. During the reported quarter, operating earnings per share were [...]

(MET) MetLife Progresses with ALICO Results Included

(PRU) Prudential Financial Quarterly Estimates Top Analysts Expectations

vitalstocks — Mon, 09 May 2011 14:01:41 +0000

Prudential Financial Inc.’s (PRU) first quarter 2011 earnings of $1.69 per share topped the Zacks Consensus Estimate of $1.48 as well as the prior-year quarter’s earnings of $1.45 per share. Results were aided by solid performance in the company’s U.S. annuities and asset management businesses as well as its international insurance operations. Prudential reported revenues [...]

(PRU) Prudential Financial Quarterly Estimates Top Analysts Expectations

(TMK) Torchmark Announces Split of Common Stock

vitalstocks — Wed, 04 May 2011 17:00:18 +0000

The board of directors of Torchmark Corporation (TMK) has authorized a three-for-two partial stock split of its common stock. Torchmark stated that the stock split will be carried out through a stock dividend issue. The 3:2 stock split will be paid in the form of a 50% stock dividend on all the company’s outstanding common [...]

(TMK) Torchmark Announces Split of Common Stock

(AGO) Stock Market News for April 18, 2011 – Market News

vitalstocks — Mon, 18 Apr 2011 19:25:37 +0000

Markets posted modest gains on Friday, helped by positive economic reports that overshadowed disappointing earnings reports from bellwether stocks. The earnings season, which was unofficially kicked off by Alcoa, Inc, has been largely mixed up to now. A lot is at stake for the markets during the coming week as a significant number of companies [...]

(AGO) Stock Market News for April 18, 2011 – Market News

(GNW) Genworth Financial – Bear of the Day

vitalstocks — Fri, 15 Apr 2011 15:53:40 +0000

Genworth Financial’s (GNW) fourth-quarter operating loss lagged the Zacks Consensus Estimate led by a substantially higher year-over-year loss at the U.S. Mortgage Insurance segment, which was partially offset by better results at Retirement & Protection and at International. We expect an elevated unemployment rate will continue pressuring its mortgage insurance business. Though the business is [...]

(GNW) Genworth Financial – Bear of the Day

(MET) MetLife Seals Taiwan Deal

vitalstocks — Thu, 31 Mar 2011 19:25:54 +0000

The Wall Street Journal has reported that MetLife Inc. (MET) has finally been able to vend its Taiwan life insurance unit to Chinatrust Financial Holdings Co. for about $180 million. This is the second desperate attempt of the company to move out of Taiwan given the limited scope for growth in the region. Previously, in [...]

(MET) MetLife Seals Taiwan Deal

(PRU) Prudential Financial Analyst Reiterates Shares at Neutral

vitalstocks — Tue, 29 Mar 2011 15:52:05 +0000

We are reiterating our Neutral recommendation on the shares of Prudential Financial Inc.(PRU). Prudential has one of the best collections of businesses in the U.S. life insurance sector, with strong positions in high margin businesses and a significant diversification. Despite the recent drag on revenues (for the past couple of years) owing to the economic [...]

(PRU) Prudential Financial Analyst Reiterates Shares at Neutral

(MET) MetLife Allows American International Group to Raise $10 Billion

vitalstocks — Mon, 28 Mar 2011 22:23:56 +0000

Executing the terms of the American Life Insurance Co. (ALICO) deal sooner-than-expected, on Tuesday MetLife Inc. (MET) gave its consent to American International Group Inc. (AIG) for selling 78.2 million of MetLife shares and 40 million common equity units that AIG had received as part of its ALICO sale to MetLife, in November last year. [...]

(MET) MetLife Allows American International Group to Raise $10 Billion

(DFG) Delphi Financial Analyst Reiterates Shares at Neutral

vitalstocks — Tue, 22 Mar 2011 14:59:26 +0000

We are maintaining our Neutral recommendation on the shares of Delphi Financial Inc. (DFG) following the release of fourth quarter 2010 results. Delphi’s fourth quarter earnings were a dime ahead of the Zacks Consensus Estimate, aided by favorable underwriting and investment results. We believe its subsidiary Safety National, a leader in Excess Workers’ Compensation, will [...]

(DFG) Delphi Financial Analyst Reiterates Shares at Neutral

(MET) MetLife Trys Again to Exit Taiwan

vitalstocks — Thu, 03 Mar 2011 15:34:45 +0000

On Monday, Thomson Reuters reported that MetLife Inc. (MET) may dispose of its insurance business in Taiwan by the end of April this year. Chinatrust Financial, Yuanta Financial and Mercuries Life Insurance were reported to have submitted bids to acquire the MetLife unit. However, details remain undisclosed and a final decision is expected in the [...]

(MET) MetLife Trys Again to Exit Taiwan

(LNC) Lincoln National Fourth Quarter Earnings Lag Forecast on Higher Charges

vitalstocks — Mon, 07 Feb 2011 17:11:03 +0000

Lincoln National Corporation’s (LNC) fourth quarter operating earnings per share of 82 cents came in way behind the Zacks Consensus Estimate of 88 cents and 90 cents recorded in the prior-year quarter. Results were primarily impacted by a charge of $41 million or 13 cents per share arising from litigation and settlement expenses. However, favorable [...]

(LNC) Lincoln National Fourth Quarter Earnings Lag Forecast on Higher Charges

(GNW) Genworth Financial – Bear of the Day

vitalstocks — Wed, 19 Jan 2011 15:23:54 +0000

We are downgrading Genworth Financial (GNW) to Underperform due to higher year-over-year losses at the U.S. Mortgage Insurance segment as well as weak results at Retirement and Protection and at International. Genworth’s third-quarter results also fell short of the Zacks Consensus Estimate. We expect the elevated unemployment rate will continue pressuring its mortgage insurance business. [...]

(GNW) Genworth Financial – Bear of the Day

(GNW) Genworth Financial Issues $400 Million in Senior Notes

vitalstocks — Tue, 07 Dec 2010 02:36:56 +0000

Genworth Financial Inc. (GNW) sold senior notes worth $400 million, bearing a coupon of 7.20% and maturing on February 15, 2021. The company increased the offer size from $300 million planned earlier. The company has offered these notes at 99.659% of face value to yield 7.25% if held till maturity. Rating agency Moody’s Investor Service [...]

(GNW) Genworth Financial Issues $400 Million in Senior Notes

(LNC) Lincoln National Investors Get Early Christmas

vitalstocks — Sun, 14 Nov 2010 21:54:56 +0000

After successfully reconstructing its debt, Lincoln National Corp. (LNC) made yesterday eventful by outlining a number of ways to return wealth to shareholders, which includes a dividend hike, resumption of share repurchase program and redemption of preferred securities. The board of Lincoln has announced a significantly increased its quarterly dividend of 5 cents per share [...]

(LNC) Lincoln National Investors Get Early Christmas

(PRU) Prudential Financial to Buy AIG’s Japanese Life Insurance Units

vitalstocks — Fri, 12 Nov 2010 19:38:01 +0000

US insurer Prudential Financial Inc. (PRU) has commenced the offering of 18.4 million of its common shares at a price of $54.50 each. The net funds of $970 million from the issue would be used to finance part of the acquisition of American International Group Inc.’s (AIG) two Japanese life units – AIG Star Life [...]

(PRU) Prudential Financial to Buy AIG’s Japanese Life Insurance Units

(MET) MetLife Reports Lobbying Charges Decline

vitalstocks — Mon, 04 Oct 2010 05:40:01 +0000

MetLife Inc. (MET) has reported that it spent $1.40 million during the second quarter 2010 to address concerns related to financial regulations and other issues. The lobbying charges have plummeted for MetLife from $1.74 million in the year-ago quarter and $1.61 million during the first quarter of 2010. According to the report filed on July [...]

(MET) MetLife Reports Lobbying Charges Decline

(PRU) Prudential Financial Buys Units From American International Group

vitalstocks — Mon, 04 Oct 2010 05:10:38 +0000

US insurer Prudential Financial (PRU) declared yesterday that it will be acquiring two of the Japanese life operations of American International Group Inc. (AIG) for $4.2 billion in cash by the first quarter of 2011. However, the total value of the deal will climb to $4.8 billion on inclusion of $0.6 billion of third party [...]

(PRU) Prudential Financial Buys Units From American International Group

(MET) MetLife Units Sell $2 Billion in Senior Notes

vitalstocks — Sun, 26 Sep 2010 17:28:01 +0000

Recently, a couple of subsidiaries of MetLife Inc. (MET) sold off senior notes worth approximately $2 billion. According to the Reuters, on Wednesday, MetLife Global Funding I vended off its 5-year senior notes worth $850 million in the 144A private placement market. The quantum of the notes offering was increased from $800 million planned initially. [...]

(MET) MetLife Units Sell $2 Billion in Senior Notes

(LNC) Lincoln National and Hartford Financial Services Group Warrants on Sale

vitalstocks — Thu, 09 Sep 2010 00:46:10 +0000

As part of the bailout funds repayment by the insurers through the Troubled Asset Relief Program (TARP), the US Treasury Department plans to conduct auctions to dispose of its remaining warrants held in Lincoln National Corporation (LNC) and Hartford Financial Services Group Inc. (HIG). During the recession of 2009, the US Treasury provided financial aid [...]

(LNC) Lincoln National and Hartford Financial Services Group Warrants on Sale

(PRU) Prudential Financial Gains on Higher Second Quarter Revenues

vitalstocks — Fri, 06 Aug 2010 17:23:46 +0000

Life insurer Prudential Financial Inc.’s (PRU) second quarter operating income of $1.51 per share was ahead of the Zacks Consensus Estimate of $1.31. Earnings were, however, down from $1.87 per share in the year-ago quarter. Results for the quarter benefited from strong annuity sales, higher investment income and asset management fees. Prudential’s revenues of $8.7 [...]

(PRU) Prudential Financial Gains on Higher Second Quarter Revenues

(LNC) Lincoln National Corporation Earns A.M. Best Ratings

vitalstocks — Tue, 29 Jun 2010 04:26:16 +0000

On June 22, A.M. Best Co. allotted a debt rating of “a-” to the senior unsecured notes of Lincoln National Corporation (LNC), keeping the outlook stable. In conjunction with assigning ratings, A.M. Best changed Lincoln’s outlook to stable from negative, reiterating the financial strength rating (FSR), issuer credit rating (ICR) and long term debt ratings. [...]

(LNC) Lincoln National Corporation Earns A.M. Best Ratings

(AEG) Aegon NV Reviews Strategic Measures To Dispose Of Units

vitalstocks — Fri, 25 Jun 2010 17:22:22 +0000

On Tuesday, Aegon NV (AEG) stated that it will consider options to dispose its US-based life reinsurance unit Transamerica Re and restructure its business in the UK, as it intends to realign and enhance focus in its core businesses. The proposed sale of Transamerica will help Aegon shed its investment risk in its U.S. variable annuity [...]

(AEG) Aegon NV Reviews Strategic Measures To Dispose Of Units

(LNC) Lincoln National Raises Money Through Offering to Exit TARP

vitalstocks — Wed, 16 Jun 2010 00:02:57 +0000

In an attempt to repay its $950 million government bailout fund, Lincoln National Corp. (LNC) announced its intention to raise money through equity and debt offering. As a result, on Monday, the company publicly offered its common stock of about 12.3 million at a purchase price of $27.25 per share. The company expects to raise [...]

(LNC) Lincoln National Raises Money Through Offering to Exit TARP

(LNC) Lincoln National Completes $2 Billion Credit Line

vitalstocks — Mon, 14 Jun 2010 23:20:02 +0000

Expanding its debt restructuring initiatives, on Thursday, Lincoln National Corp. (LNC) announced the closure of its bank credit facility worth $2 billion. This includes a 4-year credit agreement of $1.5 billion and a 364-day credit agreement of $500 million. While the new bank credit facility became effective from Jun 9, 2010, the company replaced the [...]

(LNC) Lincoln National Completes $2 Billion Credit Line

(MET) MetLife First Quarter 2010 Earnings Scorecard

vitalstocks — Fri, 21 May 2010 05:51:20 +0000

MetLife Inc. (MET) reported first quarter 2010 results on Apr. 30 with operating earnings of $834 million or $1.01 per share, which was significantly ahead of $131 million or $0.16 per share in the year-ago quarter. Results also modestly surpassed the Zacks Consensus Estimate by 4 cents per share, driven by robust growth witnessed across [...]

(MET) MetLife First Quarter 2010 Earnings Scorecard

(LNC) Lincoln National Corporation Plans to Repay TARP

vitalstocks — Thu, 13 May 2010 20:35:54 +0000

Lincoln National Corp. (LNC) is gearing up to repay the bailout money. Dennis Glass, the company’s President and CEO, said at an investor presentation yesterday that this acceleration follows a successful alignment with internal guidelines. Lincoln issued $950 million of preferred stock and a common stock warrant through the U.S. Treasury’s Troubled Asset Relief Program [...]

(LNC) Lincoln National Corporation Plans to Repay TARP

(GNW) Genworth Financial’s Earnings Report Misses by Four Cents

vitalstocks — Thu, 13 May 2010 06:29:25 +0000

Genworth Financial Inc. (GNW) reported first quarter 2010 earnings of 23 cents on April 29, missing the Zacks Consensus Estimate by 4 cents. Investors were clearly discouraged and the shares moved down following the earnings release. Wall Street had sufficient time to absorb the news, and analysts’ responses have been mixed. Earnings Report Review Genworth’s [...]

(GNW) Genworth Financial’s Earnings Report Misses by Four Cents

(GNW) Genworth Financial Quarterly Report Misses Expectations

vitalstocks — Mon, 03 May 2010 22:03:56 +0000

Genworth Financial Inc. (GNW) reported operating earnings per share of 23 cents available to the common stockholders. This compares unfavorably with the Zacks Consensus Estimate of 27 cents. However, the results were well ahead of the prior-year quarter earnings of 3 cents per share. The miss was due to lower-than-expected results at its life insurance [...]

(GNW) Genworth Financial Quarterly Report Misses Expectations

(RGA) Reinsurance Group of America Earnings Preview

vitalstocks — Mon, 19 Apr 2010 01:37:58 +0000

Reinsurance Group of America (RGA) is slated to release first quarter 2010 earnings on April 27, 2010, before the opening bell. We expect the company’s earnings for 2010 to benefit from the acquisition of ReliaStar, which will further increase the company’s market share in North American Markets. Negatives offsetting the earnings will be unfavorable mortality [...]

(RGA) Reinsurance Group of America Earnings Preview

(MET) MetLife Sells Taiwan Business to Waterland Financial Holdings

vitalstocks — Wed, 14 Apr 2010 21:53:41 +0000

On Tuesday, Thomson Reuters reported that MetLife Inc. (MET) may dispose of its insurance business in Taiwan to Waterland Financial Holdings Co., a tiny financial firm in Taiwan, who has agreed to purchase it for $114 million (T$3.6 billion). However, the final decision by both parties is expected by Apr 19. MetLife’s move is aimed [...]

(MET) MetLife Sells Taiwan Business to Waterland Financial Holdings

(LNC) Lincoln National Analyst Initiates Coverage at Neutral

vitalstocks — Tue, 13 Apr 2010 04:04:31 +0000

We have recently initiated coverage on Lincoln National Corp. (LNC) with a Neutral recommendation. The company’s fourth quarter earnings were substantially ahead of the Zacks Consensus Estimate due to increased operating income across revenue segments. Lincoln National achieved expanded distribution relationships, strong top- and bottom-line growth and net inflows, thereby surviving a challenging operating environment. [...]

(LNC) Lincoln National Analyst Initiates Coverage at Neutral

(MFC) Manulife Financial Corporation Buys Joint Venture in China

vitalstocks — Tue, 06 Apr 2010 21:08:09 +0000

Last week, Manulife Financial Corporation (MFC) completed the deal to buy Fortis Bank SA/NV’s 49% ownership in ABN AMRO TEDA Fund Management Co. Ltd. The remaining 51% ownership is owned by Northern International Trust, part of Tianjin TEDA Investment Holding Co. Ltd. The deal pertains to MFC Global Investment Management, the asset management division of [...]

(MFC) Manulife Financial Corporation Buys Joint Venture in China