Power Corporation of Canada
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Financials : Insurance | Large Cap Value
Based in Canada
Company profile

Power Corporation of Canada is a Canada-based international management and holding company. The Company is focused on providing financial services in North America, Europe, and Asia. Its core holdings include insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. The Company’s reportable segments include Lifeco, IGM Financial and GBL. Lifeco is a financial service holding company with interests in life insurance, health insurance, retirement and investment management services, asset management and reinsurance businesses primarily in Canada, the United States and Europe. IGM Financial is a wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors through North America, Europe, and Asia. GBL is a Belgian holding company, which is focused on long-term and sustainable value creation.

Closing Price
Day's Change
-0.2699 (-1.00%)
B/A Size
Day's High
Day's Low

10-day average volume:

Credit Suisse working with Morgan Stanley, others to possibly raise cash: report

10:51 am ET October 18, 2022 (MarketWatch)

Zurich-based Credit Suisse AG could seek at least $2 billion in a potential capital increase, and has lined up big banks just in case, according to a Tuesday report by Bloomberg, [l: which cited sources. Those banks include Morgan Stanley and Royal Bank of Canada, with the Qatar Investment Authority and Abu Dhabi's Mubadala Investment Co. having also been gauged for any interest. Such plans --- referred to as Project Ghana --- could emerge after the bank's restructuring plans, expected Oct. 27, the report said. Goldman Sachs analysts have estimated the bank is facing a capital shortfall of more than 5 billion francs ($5 billion), as short sellers have been building positions against it.

-Barbara Kollmeyer


(END) Dow Jones Newswires

October 18, 2022 10:51 ET (14:51 GMT)

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