MOVES Credit score Suisse snaps up Deutsche banker to relaunch monetary establishments group – memo

A Credit score Suisse signal is seen on the outside of their Americas headquarters within the Manhattan borough of New York Metropolis, September 1, 2015. REUTERS/Mike Segar

LONDON, Sept 21 (Reuters) – Credit score Suisse (CSGN.S) has poached Deutsche Financial institution’s (DBKGn.DE) Israel Fernandez to steer its monetary establishments group (FIG) in Europe, the Center East and Africa in tandem with Julien Lamm, based on a memo seen by Reuters.

Fernandez will tackle his new function on Nov. 15 and might be based mostly in Madrid, identical to his predecessor Armando Rubio-Alvarez – the financial

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Enterprise conglomerate Gargash Group acquires Deem Finance

a hand holding an object in his hand: UAE: Business conglomerate Gargash Group acquires Deem Finance

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UAE: Enterprise conglomerate Gargash Group acquires Deem Finance

Gargash Group, a UAE enterprise conglomerate with an curiosity in automotive, actual property, and investments, on Sunday introduced the acquisition of Deem Finance, a number one shopper finance enterprise.

Gargash Group, which has a powerful presence within the non-banking monetary providers sector for 23 years via Daman Investments, stated the acquisition would deepen and increase its monetary providers choices inside the market and would additional speed up the group’s capability to satisfy its strategic

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AM Finest Assigns Subject Credit score Ranking to The Hartford Monetary Providers Group, Inc.’s New Senior Unsecured Notes

OLDWICK, N.J., September 16, 2021–(BUSINESS WIRE)–AM Finest has assigned a Lengthy-Time period Subject Credit score Ranking (Lengthy-Time period IR) of “a-” (Glorious) to The Hartford Monetary Providers Group, Inc.’s (The Hartford) (headquartered in Hartford, CT) [NYSE: HIG] lately introduced $600 million, 2.9% senior unsecured notes due September 2051. The outlook assigned to this Credit score Ranking (score) is steady.

The proceeds from the sale of the notes will likely be used to redeem the excellent $600 million principal quantity of the corporate’s 7.875% fixed-to-floating fee junior subordinated debentures due 2042, that are

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Kotak group acquires automobile mortgage enterprise of Volkswagen Finance

MUMBAI: Kotak Mahindra Group on Thursday mentioned it has acquired the automobile financing mortgage portfolio of Volkswagen Finance Pvt Ltd (VWFPL), the Indian captive financing arm of the Volkswagen Group.

Beneath the settlement, Kotak Mahindra Prime Ltd will purchase the passenger vehicles and two-wheelers portfolio, and Kotak Mahindra Financial institution Ltd will purchase the industrial automobiles portfolio of VWFPL. Kotak Mahindra Prime is a subsidiary of Kotak Mahindra Financial institution and is within the enterprise of financing passenger automobiles and two-wheelers.

With this acquisition, Kotak mentioned it’s going to acquire entry to over 30,000 high-quality

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Illinois well being group will get $3.2 million grant for insurance coverage navigator program

The Illinois Major Well being Care Affiliation was awarded a $3.2 million grant from the Facilities for Medicare and Medicaid Companies to function a statewide medical insurance navigator program.

Well being navigators happened throughout 2013’s Reasonably priced Care Act to help people in navigating medical insurance enrollment.

The IPHCA works with neighborhood well being facilities and gives assets to assist get folks enrolled in a well being care plan.

Cyrus Winnett, senior vp of public coverage for the IPHCA, stated the group will work with native well being facilities and assist present navigators.


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