Britains FCA Finds Flaws in Retirement Advice Market

LONDON, March 20 Reuters Britain39;s Financial Conduct Authority FCA has written to financial advisors to demand reviews on how they provide retirement income advice, following an assessment of good practice in the industry in line with its Consumer Duty rules. The watchdog said on Wednesday it had identified some examples where firms were not taking […]
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Indias HDFC Bank Closes 1.15B Stake Sale in HDFC Credila

BENGALURU, March 20 Reuters India39;s HDFC Bank said on Wednesday it has completed the sale of its stake in education finance arm HDFC Credila for 95.53 billion rupees 1.15 billion to private equity firms BPEA EQT and ChrysCapital. The deal, announced in June last year, was part of mandated regulatory requirements before the completion of mortgage lender Housing […]
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Lonza to Buy Biologics Site from Roche in US for 1.2 bln

ZURICH, March 20 Reuters Swiss contract drug manufacturer Lonza said on Wednesday it has signed an agreement to acquire the Genentech manufacturing facility in Vacaville, California, from drugmaker Roche for 1.2 billion in cash. Lonza plans to invest around 500 million Swiss francs 562.3 million to upgrade the facility and enhance capabilities at the site to accommodate […]
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Stellantis Buys Stake in Optical Radar StartUp SteerLight

PARIS, March 20 Reuters European carmaker Stellantis announced on Wednesday that it was acquiring a stake in optical radar startup SteerLight as it seeks to strengthen its market position and secure access to crucial sensors for autonomous driving. The move is aimed at diversifying supply of light detection and ranging, or lidar, and speeding up the […]
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