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GM Withdraws Bank Application for Deposit Insurance

General Motors’ lending arm has pulled an application for deposit insurance, a pillar in its efforts to move back into banking and expand its auto-finance business.

Mon Jun 24, 2024 15:24
Hyundai and Kia Zip Into the U.S. Car Market's Fast Lane

The South Korean automakers are getting a boost from geopolitics with their growing EV sales.

Mon Jun 24, 2024 14:06
Hedge Funds Made a Killing on FTX---Then It Got Complicated

Investors allege former FTX customers abruptly reneged on selling claims to their accounts and are suffering from an age-old affliction: seller’s remorse.

Mon Jun 24, 2024 12:35
Holiday Travel Is Booming. Why Are Airlines Doing So Badly?

It is shaping up to be the busiest summer season ever in the U.S., and about as strong as 2019’s in Europe. Yet both low-cost and full-service carriers are recording far narrower profit margins than they did five years ago.

Mon Jun 24, 2024 12:35
Asian Buyout Firm Shortlists Bidders for $800 Million Malaysia Hospital Sale

Malaysia’s IHH Healthcare and Sunway are among the three bidders in a race to acquire one of the country’s largest hospitals from buyout firm Affinity Equity Partners.

Mon Jun 24, 2024 06:35
Prudential Plans $2 Billion Share Buyback

The U.K. insurer’s business has seen robust growth since the lifting of pandemic restrictions in China and Hong Kong.

Mon Jun 24, 2024 05:26

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