Finance Updates – Page 6 – Finance Updates

JPMorgan to Own Apple Card Issuance from Goldman Sachs, Deepening Card Market Lead

Americas Firms Depository Credit Intermediation

JPMorgan Chase will replace Goldman Sachs as ...

Goldman exits a money-losing consumer-credit ...

JPM will take a conservative stance on inheri...

Apple keeps the Mastercard network and core p...

Jefferies Faces $30M Q4 Loss From Point Bonita Exposure in First Brands Fallout

Americas Firms Securities and Commodity Contracts Intermediation and Brokerage

Jefferies took a $30 million pre-tax Q4 FY202...

Point Bonita held about $715 million of First...

First Brands’ collapse, alleged fraud and acc...

Jefferies’ core investment banking revenue ro...

Tempur Sealy & Somnigroup: Strong Analyst Outlook Meets Delivery and Macro Risks

Americas Firms Furniture and Related Product Manufacturing

KeyBanc raised its Tempur Sealy (now Somnigro...

The call is driven by optimism on the Mattres...

U.S. demand remains soft and higher leverage/...

Recent quarters showed low-single-digit sales...

SEBI’s Show-Cause Notice: BofA Accused of Leaking Info in USD180M Block Trade

Asia Firms Securities and Commodity Contracts Intermediation and Brokerage

Indias SEBI says Bank of America leaked price...

The information allegedly spread beyond the d...

SEBI alleges weak internal controls and misle...

BofA is said to be pursuing a multi-million-d...

How Generative & Agentic AI Are Transforming the Insurance Industry Today

Global Firms Insurance Carriers

AI leaders are shifting from pilots to end-to...

At-scale adoption is delivering measurable ga...

Capturing value requires reusable AI componen...

Insurers must manage risks including vendor l...

Bank of America: Ownership Revealed & Strategic Playbook for M&A, AI, and Investment Banking

Americas Firms Depository Credit Intermediation

Bank of America has expanded through major ac...

The 2008–2009 purchases of Merrill ($50B stoc...

Recent results show momentum, with 2024 reven...

BofA is investing heavily in technology, allo...

Jollibee to Spin Off International Arm with U.S. IPO by Late 2027: What Investors Should Know

Asia Firms Restaurants and Other Eating Places

Jollibee Foods Corp will spin off its interna...

The Philippine business will remain listed in...

Overseas operations span 10,000+ stores in 33...

JFC shares jumped about 14.5% on the announce...

Versant Media’s Bold Pivot: From Comcast Spin-Off to Streaming and FAST Future

Americas Firms Cable and Other Subscription Programming

Comcast completed the tax-free spin-off of Ve...

Versant starts as a ~$6.6–$7.0B revenue cable...

Management plans to pivot toward digital and ...

Shares fell about 13% on the first day, signa...

Jollibee to Spin Off International Arm: What Investors Need to Know

Asia Firms Restaurants and Other Eating Places

Jollibee Foods Corp plans to spin off its int...

The remaining Philippine business would stay ...

Existing shareholders would receive JFCI shar...

The move aims to unlock valuation by separati...

Kroger to Close 60 Underperforming Stores Post-Merger, Shifts Focus to Reinvestment

Americas Firms Grocery Stores

Kroger will close about 60 underperforming st...

The plan follows the collapse of its $24.6 bi...

Kroger will record a $100 million impairment ...

It will also open about 30 new stores, accele...