Stock trade settlement moves to single day as GameStop mania underscores need for faster transactions
Years of work on Wall Street to pick up the pace of trading will be put to the test this week. If all goes well, most people won’t notice the difference. Starting Tuesday, trades of stocks and several other securities will need to be settled by the end of the next business day. Settlement involves the actual swap of […]
Prudential plans $2 billion share buyback
Insurance group Prudential plans a $2 billion share buyback programme which will be completed no later than mid-2026, the company said in a statement on Sunday. The life and health insurer will commence the first $700 million tranche of the buyback, for which it has entered into an arrangement with Goldman Sachs International, it said […]
Healthcare payments firm Waystar aims up to $3.83 bln valuation in US IPO
Healthcare payments company Waystar said on Tuesday it was targeting a valuation of up to $3.83 billion in its initial public offering in the United States, joining a clutch of companies looking to tap into improving investor appetite for new listings. The U.S. IPO market is on a rebound in 2024, after two sub-par years […]