Prudential Financial Inc, the No. 1 U.S. life insurer, has hired Goldman Sachs to explore the possibility of selling its South Korean unit, which could fetch about 2 trillion won ($1.70 billion), Korea Economic Daily reported. A sale of the unit would see the U.S. insurer exit the South Korean market after about 30 years since it first entered. South Korea's large financial firms like KB Financial Group and Woori Financial Group, as well as private equity funds are named as potential buyers of the insurer, the report said.
Image source: The Motley Fool. KB Financial Group Inc (NYSE: KB)Q1 2020 Earnings CallApril 23, 2020, 3:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Peter Kwon -- Head of Investor Relations Greetings.
POSCO and CenturyLink on the list Continue reading...
Near-Term Outlook Bleak for Foreign Banks on Coronavirus Scare
KB Financial Group has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.
Barclays (BCS) saw a big move last session, as its shares jumped more than 7% on the day, amid huge volumes.
UBS Group (UBS) to revamp the company's asset management unit, in a bid to boost its profitability.
We can judge whether KB Financial Group, Inc. (NYSE:KB) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into their […]
Deutsche Bank (DB) vends bad assets worth $50 billion to Goldman Sachs as part of its broader restructuring efforts to restore profitability.
On April 24, 2020, KB Financial Group Inc. filed its Annual Report on Form 20-F for the year ended December 31, 2019 with the U.S. Securities and Exchange Commission. The 2019 Annual Report on Form 20-F can be downloaded from www.kbfg.com, as well as from the website of the U.S. Securities and Exchange Commission at www.sec.gov. Investors may request a hard copy of the 2019 Annual Report on Form 20-F, free of charge, by contacting kbir@kbfg.com.
Morgan Stanley outlined four outcomes of the 2020 election and its strategies for investors on how to make the most of them.
Toronto-Dominion Bank (TD) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.
Near-Term Outlook Looks Gloomy for Foreign Bank Stocks
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
Rating Action: Moody's affirms KB Financial Group's ratings on planned acquisition of Prudential Life Insurance Company of Korea, Ltd. Hong Kong, April 28, 2020 -- Moody's Investors Service has affirmed the A1 long-term foreign currency issuer rating with a stable outlook, and Prime-1 short-term foreign currency issuer rating of KB Financial Group Inc. (KB FG). On 10 April 2020, KB FG entered into a purchase and sale agreement to wholly acquire Prudential Life Insurance Company of Korea, Ltd. (Prudential Life Korea) from Prudential Financial, Inc. (A3 stable) for a total cash consideration KRW2.3 trillion ($1.9 billion).
Bank of N.T. Butterfield & Son Limited (NTB) rewards shareholders with new share-repurchase authorization of around 3.5 million shares.
KB Financial Group Inc has signed a share purchase agreement to buy a 100% stake in Prudential Financial Inc's South Korean unit for 2.3 trillion won ($1.89 billion), the group said in a filing on Friday. The deal marks the No.1 U.S. life insurer's exit from the South Korean market after 30 years. Prudential had hired Goldman Sachs to review a possible sale of the unit, a South Korean newspaper reported in November.
Deutsche Bank (DB) and Frankfurt prosecutors reach a settlement for 15 million euros ($16.5 million), related to the probe of German client interactions with foreign companies set up by Regula Ltd.
UBS Group (UBS) plans to break up the unit dedicated to the super-rich clients and set up a new unit, which will include the bank's Global Family Office.
FINRA and major exchanges fine Credit Suisse (CS) with $6.5 million for supervisory lapses.