OFG Bancorp executive sells over $840k in company stock

OFG Bancorp (NYSE:)’s Chief Strategy Officer, US, Kumar Ganesh, has recently sold a significant portion of his holdings in the company. The transactions, which took place over two consecutive days, resulted in a total sale value exceeding $840,000. On March 27, 2024, Ganesh sold 15,768 shares of OFG Bancorp common …

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Lloyd’s of London attracts biggest ‘Names’ syndicate since 1990s

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lloyd’s of London has attracted its biggest syndicate backed by individuals, or “Names”, since the early 1990s, as the insurance market looks to rebuild a base among private investors after …

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2025 Kia K4 sedan may spawn hatchback sibling in US

Kia used this week’s 2024 New York auto show to introduce the new K4 compact sedan, which will replace the Forte when it arrives in showrooms in the second half of the year as a 2025 model. During the introduction, Kia presented a video that showed a hatchback version of …

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Sam Bankman-Fried: the fallen ‘king of crypto’

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sam Bankman-Fried spent many of the breaks during his trial in New York sitting alone at the defence table flanked by two hulking federal marshals. But on the day he …

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US consumer sentiment hits highest level since 2021

President Volodymyr Zelenskyy said Thursday that he had spoken with US House Speaker Mike Johnson and urged him to quickly pass legislation to provide Ukraine with tens of billions in funding for desperately needed military assistance.  “We recognize that there are differing views in the House of Representatives on how …

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