Blackstone Credit & Insurance Announces $1 Billion Infrastructure Loan Portfolio Purchase From Santander

NEW YORK–(BUSINESS WIRE)–Nov. 26, 2024 Blackstone and Santander Corporate & Investment Banking today announced an agreement under which funds managed by Blackstone Credit & Insurance (“BXCI”) will acquire interests in a $1 billion portfolio of high-quality infrastructure loans from Santander. The portfolio comprises loans that finance assets located largely in Western Europe and the US […]

Under the Patronage of HRH the Crown Prince Saudi Arabia is readying to Host Landmark World Investment Conference (WIC) 2024 in Riyadh.

This year’s conference theme: ‘Harnessing Digital Transformation and Sustainable Growth: Scaling Investment Opportunities’. RIYADH, Saudi Arabia–(BUSINESS WIRE)–Nov. 24, 2024 Under the patronage of His Royal Highness Crown Prince and Prime Minister Mohammed bin Salman bin AbdulAziz Al Saud, the World Association of Investment Promotion Agencies (WAIPA) and Invest Saudi are organizing the 28th annual World […]

ABA General Meeting Kicks Off in Taipei with Over 20 Nations’ Financial Leaders Unite to Discuss Sustainable Future Transition

TAIPEI, Taiwan–(BUSINESS WIRE)–Nov. 21, 2024 More than 250 representatives from over 20 countries, including central banks, financial institutes, enterprises and international organizations, gathered in Taipei for the 40th Asian Bankers Association (ABA) General Meeting and Conference. The event, titled “Asian Banks: Transitioning Toward a Sustainable Future,” was held from November 18 to 19 at the […]

Berkshire Partners Announces Close of Fund XI with Approximately $7.8 Billion in Commitments

Marks largest fundraise in firm’s nearly 40-year history BOSTON–(BUSINESS WIRE)–Oct. 30, 2024 Berkshire Partners (“Berkshire”), a Boston-based private equity firm focused on the middle market, today announced the close of Berkshire Fund XI (“Fund XI”) with approximately $7.8 billion in capital commitments, making it Berkshire’s largest fund since the firm’s inception in 1986. Fund XI […]

Starr Insurance Receives License to Operate Branch in Seoul

NEW YORK–(BUSINESS WIRE)–Oct. 28, 2024 Starr Insurance announced that South Korea’s Financial Services Commission has granted Starr International Insurance (Singapore) Pte. Ltd., Korea branch, a license to operate in Seoul and begin selling commercial property/casualty insurance throughout Korea. Paul Choi was named CEO of Starr’s Korea branch in May 2024. He has more than 30 […]

FICO Survey: Alarming Acceptance of ‘Liar Loans’ Among Thai Consumers

Close to 1 in 4 Thais think it’s OK to deliberately mislead on personal loans, mortgages, auto and other applications. BANGKOK–(BUSINESS WIRE)–Sep. 24, 2024 FICO (NYSE: FICO): This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240923471658/en/ 23% of Thais thought it was OK for people to exaggerate income on a loan application with a […]

SCF Acquires Newpark Fluids Systems

HOUSTON–(BUSINESS WIRE)–Sep. 14, 2024 SCF Partners, Inc. (“SCF”) is pleased to announce its acquisition of the Newpark Fluids Systems business (“NFS”), a leading global pure-play oil & gas and geothermal fluids solution provider, from Newpark Resources Inc. (NYSE: NR). Newpark Fluids Systems provides a full range of drilling & completion products and related technical services […]

Blackstone Announces Agreement to Acquire AirTrunk in a A$24B Transaction

SYDNEY–(BUSINESS WIRE)–Sep. 04, 2024 Funds managed by Blackstone Real Estate Partners, Blackstone Infrastructure Partners, Blackstone Tactical Opportunities, and Blackstone’s private equity strategy for individual investors, along with the Canada Pension Plan Investment Board (“CPP Investments”), have entered into a definitive agreement to acquire AirTrunk, the leading Asia Pacific data center platform, from Macquarie Asset Management […]

FICO Survey: 1 in 3 Thais Reject Bank Credit Card Applications Over Complex ID Checks

In a digital-first world, identity verification must not hinder new business BANGKOK–(BUSINESS WIRE)–Aug. 01, 2024 (NYSE: FICO) This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240731171307/en/ 1 in 3 Thais have abandoned opening a personal bank account due to complex identity checks. (Graphic: FICO) Highlights Ease of use is the top priority for […]