Financials Up Amid Deal Activity -- Financials Roundup

Dow Jones17:25 ET

Top Midday Stories: Nordstrom to Be Taken Private by Founding Family, Mexican Retailer; Honda, Nissan Sign Merger MOU

MT Newswires11:43 ET

Metropolitan Group agrees to acquire Brye Assets.

MetLife Group has agreed to acquire the assets of Barings from the PineBridge Investments Group, aiming to enhance growth in the Asset Management Business. A statement released on Monday indicated that MetLife's institutional Asset Management business, MetLife Investment Management, will purchase the concentrated shares of Barings for 0.8 billion USD, which manages approximately 100 billion USD in assets. This transaction also includes an additional 0.2 billion USD tied to achieving specific financial targets by 2025, as well as another 0.2 billion USD linked to multi-year profits. As of Monday morning.

Global Market Report11:41 ET

News Highlights: Top Financial Services News of the Day - Monday at 11 AM ET

Dow Jones11:00 ET

Sector Update: Financial Stocks Lean Lower Premarket Monday

MT NewswiresDec 23 09:21 ET

MetLife Investment Management to Acquire PineBridge Investments for Up to $1.2 Billion

MT NewswiresDec 23 09:12 ET