American Insurance Group’s global real estate division has put its $12bn (€9bn) fund management group up for sale as part of a five-year plan to repay an $85bn government loan bailout.

Merrill Lynch and Bank of America are advising AIG on the sale of Global Real Estate's fund management business, which had 15 funds with over $12.4bn in assets under management and $5.2bn in equity capital commitments as of September 30. It has operations in operations in Europe, Japan, Latin America and Asia.

AIG division to sell off fund management group

Stephanie Baum in New York

BMO Financial Group

Munich Re Group

Bank of America

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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America’s most powerful banker and the president have met twice in the past two months to talk about the economy, interest rates and trade.

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The London-based bank said it is well on its way to achieving the target of returning at least $8 billion to shareholders over the three years ending in 2026.

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Work-to-party founder Adam Neumann liked to say he ran a tech company. WeWork’s new, postbankruptcy marketing chief is tasked with positioning the brand as an old-fashioned office space provider.

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Companies have long leaned on entry-level workers to do grunt work that doubles as on-the-job training. Now ChatGPT and other bots can do many of those chores.

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Homegrown names such as Laopu, Mao Geping and Songmont are winning over customers who are losing their taste for high-end Western brands.

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The pact imposes a baseline tariff of 15% on the U.S.’s biggest trading partner.

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Bosses aren’t just unapologetic about staff cuts. Many are touting shrinking head counts as accomplishments in the AI era.

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Many in the Gen Z generation missed out on critical experiences during the pandemic. Bosses should be filling in those gaps.

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The lender forecast total income excluding notable items to exceed $21.61 billion as loan growth and structural hedges continue to mitigate the impact of interest-rate cuts.

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The president turned a rare visit to the U.S. central bank into political theater that included hard hats and a back slap.

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Company points out early progress on robotaxis and bots, as revenue from electric vehicles plummets.

Elon Musk Tells Tesla Investors to Focus on a Future Filled With Robots

The leaders of America’s chip giants cheered the president’s artificial intelligence orders, which could help boost the domestic semiconductor industry.

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The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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CME Group’s second-quarter earnings and revenue rose sharply as the derivatives-exchange operator benefited from a surge in trading activity due to market volatility.

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The Italian bank lifted earnings and shareholder-distributions guidance after reporting better-than-expected profit, looking to turn the page on its aborted takeover bid for its smaller peer.

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The Wall Street firm is being investigated over whether it properly vetted its clients for money-laundering risks.

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When team leaders provide their opinions first, it can discourage lower-level employees from providing dissenting views or alternative ideas.

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U.S. stock futures pointed to a flat open after a mixed session on Wall Street Monday, while international equity markets were also mixed so far Tuesday as earnings season sweeps into full gear.

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‘All-In,’ which hosts cabinet secretaries and senators, is scheduled to have an appearance by President Trump at a conference Wednesday.

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The lender reported a sharp decline in net profit due to a one-off hit related to the sale of its Brazilian subsidiary and an increase in loan loss allowances.

Julius Baer Profit Falls on Higher Loan Provisions, Brazil Unit Sale

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The Stargate venture, unveiled at a White House event, is now setting the more modest goal of building a small data center by year-end.

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It issued an alert about “active attacks” targeting its server software and urged customers to install new security updates that have been released.

Microsoft Alerts Firms to Server-Software Attack

The biopharmaceutical company said the investment includes plans for a new manufacturing center focused on chronic diseases.

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SS&C Technologies Holdings has struck a deal to buy funds network operator Calastone from private-equity firm Carlyle Group for roughly $1 billion.

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Consumers are spending again after the spring’s tariff chill. But some expect growth to be slow.

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The European Union still wants a deal, but with U.S. demands growing, the bloc is getting ready to push back.

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