S&P Global Inc. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
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The latest Global Bank Ranking by S&P Global Market Intelligence shows that the largest banks in the Asia Pacific have maintained their dominance in 2020 despite the COVID-19 pandemic. The top five banks, including Industrial & Commercial Bank of China and Mitsubishi UFJ Financial Group, remain unchanged. China's banks benefited from a quicker economic recovery, with assets increasing by 17.66% to $30.458 trillion. Notably, JPMorgan Chase regained its position as the sixth-largest bank, while HSBC dropped to eighth.
S&P Dow Jones Indices and Experian announced the March 2021 data for the S&P/Experian Consumer Credit Default Indices, revealing a composite rate increase of one basis point to 0.54%. Notable changes included a 22 basis point rise in bank card defaults to 3.15% and a 3 basis point decrease in auto loan defaults to 0.48%. Default rates increased in four of five major metropolitan areas, with Miami reaching 1.23% and Los Angeles at 0.50%.
S&P Global Market Intelligence has launched new enhancements to the S&P Global Marketplace, enabling users to analyze and visualize traditional and alternative data. Key features include over 25 new datasets, the Workbench collaborative analytics platform, and a new machine learning solution named Kensho NERD. This upgrade enhances user experience with pre-built notebooks and improved data exploration capabilities, developed in collaboration with Databricks, streamlining data analysis for clients.
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S&P Global has launched the SFDR Data Solution to aid compliance with the Sustainable Finance Disclosure Regulation (SFDR), effective in the EU since March 10, 2021. This solution provides investors access to comprehensive ESG datasets, enabling them to identify sustainability risks associated with their portfolios. Key features include Trucost Environmental data and S&P Global ESG Scores, which align with principal adverse impact indicators targeted by SFDR. This initiative assists investment managers in assessing and disclosing their portfolios' negative sustainability impacts.
B. Riley Financial (RILY) will join the S&P SmallCap 600 index effective April 15, 2021. This comes as The Michaels Companies (MIK) is set to be acquired by Apollo Global Management, leading to its removal from the index. The changes will take effect prior to the market opening on the specified date. This realignment reflects ongoing adjustments in the marketplace and could present new investment opportunities for shareholders of B. Riley Financial.
S&P Global (NYSE: SPGI) is set to hold its Annual Meeting of Shareholders on May 5, 2021, at 11:00 a.m. EDT. This will be a virtual-only meeting following New York regulations due to COVID-19. Shareholders received proxy materials with instructions to attend and vote. Richard Thornburgh, Chairman, and Douglas L. Peterson, CEO, will lead the meeting. Shareholders can access the meeting through a dedicated link, and materials will be available on the company's Investor Relations website.
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