São Paulo’s Faria Lima Avenue, Brazil’s financial hub, was on high alert on Thursday as police raided firms allegedly tied to a massive criminal scheme https://t.co/Y7xQzHFIaK ...

Core Viewpoint - Minic Investments Limited has entered into an irrevocable support and voting agreement with Desjardins Group in connection with Guardian Capital Group Limited's proposed going-private transaction, which values Guardian's equity at approximately $1.67 billion [2][3]. Group 1: Transaction Details - Guardian Capital Group Limited has agreed to a transaction where all issued and outstanding Common and Class A shares will be purchased for cash consideration of $68.00 per share, except for shares held by specified Rollover Shareholders [2]. - The transaction is structured to include equity rollover agreements for certain shareholders, allowing them to exchange some of their shares for shares in a Desjardins entity [2]. Group 2: Voting Agreement - Minic, along with other Rollover Shareholders, has signed a Voting Agreement to support the transaction, committing to vote in favor of it at any special shareholder meetings [3]. - Under the Voting Agreement, Minic is restricted from supporting any alternative acquisition proposals and must vote against any competing actions that could hinder the transaction [4]. Group 3: Ownership and Future Actions - Prior to the Voting Agreement, Minic owned approximately 6,107,780 Guardian Shares, representing about 24.86% of the outstanding shares [6]. - Following the completion of the transaction, Minic will not hold any shares in Guardian and may evaluate its investment strategy based on market conditions if the transaction does not proceed [7].

Core Insights - The article emphasizes the importance of value investing, which focuses on identifying undervalued companies in the market [2] - Zacks has developed a Style Scores system to help investors find stocks with specific traits, particularly in the Value category [3] Company Analysis: Prog Holdings (PRG) - Prog Holdings (PRG) is currently rated with a Zacks Rank of 2 (Buy) and has an A grade for Value [4] - The stock is trading at a P/E ratio of 9.8, which is lower than the industry average P/E of 10.66 [4] - Over the past 12 months, PRG's Forward P/E has fluctuated between a high of 13.68 and a low of 6.82, with a median of 9.79 [4] - The P/S ratio for PRG is 0.56, significantly lower than the industry's average P/S of 1.63, indicating potential undervaluation [5] - These metrics suggest that PRG is likely undervalued and presents an impressive value opportunity based on its earnings outlook [6]

Core Viewpoint - The National Financial Supervision Administration has announced the repeal of 44 normative documents and declared 7 normative documents invalid, impacting various financial institutions including banks and trust companies [1] Group 1: Repealed Normative Documents - A total of 44 normative documents have been repealed, with 33 of them related to banks, trusts, corporate financial companies, and microloan companies [1] - Key documents repealed include guidelines on bank archive management, financial services for farmers' cooperatives, and risk warnings for trust company cooperation [1] Group 2: Invalidated Normative Documents - Seven normative documents have been declared invalid, including regulations on the supervision of large non-performing loans and accounting for the replacement of bad assets by rural credit cooperatives [1]

CNFinance Holdings (CNF) Q2 2025 Earnings Call August 28, 2025 08:00 AM ET Company ParticipantsMatthew Lu - IR - ManagerOperatorGood day, and welcome to the CN Finance Holdings Limited First Half of twenty twenty five Financial Results Conference Call. All participants will be in a listen only mode. Please note this event is being recorded. I would now like to turn the conference over to IR Manager, Matthew Lu. Please go ahead.Matthew LuThank you, and welcome to the CN Finance first half of twenty twenty fi ...

Financial Data and Key Metrics Changes - As of June 30, 2025, the company's loan balance was RMB 11.2 billion, a decrease of 29.6% year on year [6] - Interest income for the first half of the year was RMB 416 million, reflecting a decline of 55% year on year [6] - The net loss was RMB 40.4 million, primarily due to an impairment loss provision of RMB 31.3 million [7] - The non-performing loan (NPL) ratio was 16.9%, with a 103% NPL recovery rate achieved in the first half [7] Business Line Data and Key Metrics Changes - The total number of loan transactions decreased by 78.1% year on year, and total loan origination dropped by 85.4% [5] - The company signed a total of 2,184 sales partners, marking a year-on-year increase of 2% [5] - The number of sales partners who introduced borrowers increased by 3.3% [5] Market Data and Key Metrics Changes - The company focused on risk mitigation and asset quality enhancement, which impacted short-term performance but aimed to establish a foundation for long-term growth [6] Company Strategy and Development Direction - The company adhered to the principle of "survival first, victory first," focusing on reducing non-performing loans and optimizing new growth [8] - Key priorities included reducing NPLs, stabilizing funding sources by attracting new institutional investors, and expanding into new business areas [8] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the complex and ever-changing market environment and emphasized the importance of strategic adjustments and business optimizations [5] - The company plans to persist in its core strategy of containing non-performing loans and supporting new business development [8] Other Important Information - The company achieved a significant reduction in operating costs through organizational optimization and personnel streamlining [7] Q&A Session Summary - There were no questions during the Q&A session [9]

CHENGDU, China, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Maase Inc. (NASDAQ: MAAS) (“MAAS” or the “Company”) today announced the successful completion of its strategic acquisition of 100% equity interests in Carve Group Ltd (the “Target Company” or the “Carve Group”). The transaction, previously disclosed in the Company’s Form 6-K filed on July 29, 2025, was formally consummated on August 27, 2025. Pursuant to the transaction agreement dated July 28, 2025, MAAS has acquired all equity interests in the Target Compa ...

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India’s regulator is mulling getting shadow lenders to cut down business activities of subsidiaries that clash with that of the parent https://t.co/gtVPz6bCoY ...

Core Viewpoint - Trump's speech at the Republican National Convention criticized the Federal Reserve and called for aggressive interest rate cuts, suggesting that the Fed is hindering economic growth [1] Group 1: Market Reaction - Trump's pressure on the Fed signals potential political influence over its decision-making, leading to a crisis of confidence in the Fed's independence [2] - The proposed aggressive rate cuts conflict with the Fed's current stance of maintaining higher rates to combat inflation, creating uncertainty in future interest rate directions [2] - The dollar weakened due to the chaotic monetary policy outlook, while gold prices surged, reaching a peak of $2450, marking the largest single-day increase in nearly three weeks [2] Group 2: Gold's Strength as a Safe Haven - Political interference has increased systemic risks, prompting investors to seek the stable value of gold [3] - Doubts about the Fed's policy independence erode the dollar's credibility, making gold a natural hedge against potential dollar volatility [3] - If Trump continues to exert pressure, it may force the Fed to adopt a more accommodative stance in the future, benefiting gold as a key asset in a low-interest-rate environment [3] Group 3: Short-term Market Volatility - The recent surge in gold prices may have overshot market sentiment, indicating potential technical pullback risks [4] - The Fed may respond to stabilize expectations and maintain its image of independence, leading to increased market volatility [4] - Even if Trump wins the election, his ability to directly influence the Fed is limited, necessitating an assessment of the actual impact of his policies [4] Group 4: Long-term Trends - Trump's criticism of the Fed undermines global investor confidence in the predictability and stability of U.S. monetary policy [5] - The immediate market reaction highlights gold's role as a "ultimate currency" in times of uncertainty, reaffirming its safe-haven status [5] - The long-term trends for gold will still depend on the timing and extent of Fed rate cuts and whether inflation is effectively controlled [5]