Finance, Banking & Insurance

SHANGHAI – October 29, 2026 -- Lufax Holding Ltd (NYSE: LU, HKEX: 6623) reported a third-quarter 2026 net loss of RMB1,494 million (US$223 million), up from RMB380 million a year earlier, as credit impairment losses rose 10.3% and income tax expenses jumped 946.5%.

Total income falls 4.6% as fee-based revenue shrinks

Total income fell to RMB6,180 million (US$922 million) from RMB6,479 million in the third quarter of 2025. Technology platform-based income dropped 24.1% to RMB1,055 million, reflecting lower retail credit enablement service fees from reduced new loan sales and a smaller off-balance sheet loan balance. Guarantee income declined 24.6% to RMB1,020 million on a lower average off-balance sheet balance and lower average fee rates.

NEW YORK – October 29, 2026 -- AvePoint Inc. (NASD: AVPT) will replace LXP Industrial Trust (NYSE: LXP) in the S&P SmallCap 600, effective prior to the opening of trading on Monday, November 2, S&P Dow Jones Indices announced.

Brookfield and CPP Investment Board acquisition of LXP drives the index change

The swap follows the planned takeover of LXP Industrial Trust by Brookfield Asset Management Ltd. and Canada Pension Plan Investment Board. The deal is expected to close soon, pending final closing conditions.

AvePoint takes the SmallCap 600 slot vacated by LXP

AvePoint, which trades on the Nasdaq under the ticker AVPT, enters the index at the open on the effective date. LXP, listed on the NYSE under LXP, leaves the benchmark on the same day.

S&P Dow Jones Indices, a division of S&P Global (NYSE: SPGI), published the change on October 27. The announcement did not include deal terms or a purchase price for LXP.

SALINAS, Calif. – October 29, 2026 -- Pacific Valley Bancorp (OTC Markets: PVBK) reported third-quarter 2026 net income of $1.4 million, or $0.24 per share, up 45.2% from the year-earlier quarter, as higher interest income outweighed rising interest and non-interest expense. EPS compares with $0.19 a year earlier.

Loan growth driven by non-owner occupied CRE and multifamily

Gross loans reached $589 million at September 30, up 13.5%, or $70 million, from a year earlier. Non-owner occupied commercial real estate and multifamily loans accounted for most of the increase. Loans rose $41 million, or 7.6%, from June 30. CEO Anker Fanoe said 82% of the loan book is secured by collateral.

Washington – October 29, 2026 -- Martis Capital, a private equity firm focused exclusively on middle-market healthcare, has been named to Inc.'s 2026 Founder-Friendly Investors list for the sixth consecutive year.

Martis is one of 14 healthcare-exclusive firms among 294 honorees

Inc. recognized 294 private equity firms, venture capital firms and lenders this year. Martis was one of only 14 healthcare-exclusive private equity firms on the list.

Inc. built the list from founder questionnaires

Inc. surveyed entrepreneurs who have sold to private equity and venture capital firms. Founders completed questionnaires on their experience partnering with private equity, venture capital and debt firms. They also shared data on how their companies performed during those partnerships.

Topeka – October 29, 2026 -- Capitol Federal Financial, Inc. (NASDAQ: CFFN) has repurchased 2,512,196 shares at an average cost of $8.64 since July 1, 2026, while its board declared a quarterly cash dividend of $0.085 per share.

Dividend payable November 20 to holders of record on November 6

The payout goes to stockholders of record at the close of business on November 6, 2026. Based on the 123,413,063 shares outstanding as of October 23, 2026, the declared rate implies a cash outlay of roughly $10.5 million for the quarter.

Buyback of 2.5 million shares ran from July 1 through October 23

The repurchases at $8.64 per share on average imply about $21.7 million deployed over the period. The company reported total shares outstanding of 123,413,063 as of October 23, 2026.

BOSTON – October 29, 2026 -- Clean Energy Ventures (CEV), a venture capital firm investing in climate technologies in North America and Europe, has appointed Aruna Ramsamy as Managing Partner to lead its European operations from London.

CEV targets early-growth and growth-stage deals with the new hire

The appointment is meant to expand CEV's capabilities in early-growth and growth-stage investing, deepen its European presence and add experience for its active portfolio companies. Ramsamy will identify, assess and structure new investments, guide portfolio companies through growth inflection points and contribute to the growth of CEV's asset management platform.

Middle East – October 29, 2026 -- GPS jamming affected 124,235 vessels worldwide in the third quarter of 2026, according to Windward's Q3 Maritime Risk Report. The AIS records marine insurers have long used to settle pay-or-reject decisions are no longer a reliable basis for loss investigation in the highest-risk regions.

Jamming runs at 5,131 incidents a day and has produced 3.35 million false meetings

Jamming averaged 5,131 incidents per day across the quarter, broadly unchanged from Q2. Since Operation Epic Fury began in February 2026, Windward has recorded more than 3.35 million false ship-to-ship meetings, in which injected coordinates made vessels appear to rendezvous when no meeting took place.

Denver – October 28, 2026 -- EverPeak Insurance has appointed Patrick K. Daley, CPCU, a underwriter with more than 30 years of experience in large, complex and hard-to-place risks, as Chief Underwriting Officer. He will lead underwriting strategy and quality standards across all EverPeak lines of business.

Daley's first mandate targets workers' compensation and BOP

Daley's first priority is a new value proposition for EverPeak's Workers' Compensation Middle Market business, which has long relied on deep data analysis, technology and service. He will also lead the relaunch of Attune's Business Owner's Policy (BOP) product. He will cross-sell BOP and other products to EverPeak's workers' compensation customers.

EverPeak President Kathy Kranz said his expertise in complex and hard-to-place risk is "exactly what we need" as the company expands its offerings.

Los Angeles – October 28, 2026 -- OriginPoint Mortgage has recruited the We Fund LA team from New American Funding, adding more than $200 million in annual mortgage production and an established Southern California presence to its originator base.

Arias and Sequeira co-manage the team that moves to OriginPoint

The team is co-managed by Daniel Arias and Ron Sequeira. Arias has 22 years of industry experience and serves borrowers and real estate partners across Los Angeles, Southern California and Santa Barbara. His record includes perennial President's Council honors, recognition among the nation's top 1% of mortgage originators, and repeated selection as a Scotsman Guide Top Originator.

We Fund LA combines a broad range of financing solutions with proprietary technology and a personalized service model. The team focuses on complex financing cases and has built lasting relationships with borrowers and real estate professionals in the region.

SAN FRANCISCO – October 28, 2026 -- Corgi Insurance, an AI-native, full-stack commercial insurance carrier, has appointed Josh LaRiccia as Head of Distribution, a hire who previously onboarded 15,000 users and 13,000 agencies onto a platform at his own firm.

LaRiccia built distribution at First Insurance & Risk Management over four years

LaRiccia co-founded First Insurance & Risk Management and spent four years building its distribution operations from scratch. He developed relationships with agents, wholesalers and industry partners that formed the firm's distribution network and market presence.