By Svea Herbst-Bayliss (Reuters) – Financial services firm The Beneficient Co Group, L.P. has agreed to go public through a merger with a blank-check vehicle in a deal valuing it…
By Hannah Lang (Reuters) -U.S. government agencies must double down on digital asset sector enforcement and identify gaps in cryptocurrency regulation, the Biden administration said on Friday, citing their potential…
(Reuters) – Goldman Sachs Group Inc’s asset management arm has hired Elizabeth Burton to advise its institutional clients, according to an internal memo seen by Reuters on Thursday, as the…
HONG KONG (Reuters) – BNP Paribas Asset Management appointed Mike Nikou as its chief executive officer and head of distribution of the Asia-Pacific region on Tuesday, effective Sept. 15, according…
By Jonathan Landay WASHINGTON (Reuters) – U.S. President Joe Biden’s administration will press ahead with talks on releasing billions of dollars in Afghanistan’s foreign-held assets despite the late al Qaeda…
ABUJA – Nigeria’s President Muhammadu Buhari has withheld his initial approval of Exxon Mobil’s sale of local offshore shallow water assets to Seplat, his spokesman said on Thursday, after the…
By Alexandra Valencia QUITO – Ecuador’s capacity to meet its external debt obligations has not been affected by a Luxembourg court’s decision to freeze the country’s assets amid a dispute…
By Chibuike Oguh NEW YORK – TPG Inc said on Tuesday its second-quarter after-tax distributable earnings more than tripled, owing to strong growth in management fees and asset sales from…
By Camillus Eboh ABUJA – Nigeria’s petroleum regulator said on Tuesday it stood by its refusal to approve Exxon Mobil’s $1.28 billion sale of shares in its Nigerian unit to…
By Chibuike Oguh (Reuters) – Private-equity firm Carlyle Group Inc said on Thursday its second-quarter distributable earnings rose 34%, driven by asset sales that were completed even as markets nosedived.…
By Makiko Yamazaki TOKYO – Japan’s asset managers nudged the volume up another notch at shareholder meetings this year, increasingly opposing management proposals and adding momentum to a policy of…
ZURICH – GAM Holding expects to post a loss for the first half of 2022, the Swiss asset manager said on Monday, citing a volatile market environment which has led…
By Selena Li HONG KONG – Barclays is seeking a Chinese banking partner to set up an asset management joint venture in the country, two people with knowledge of the…
Miami, Florida – Two financial asset managers have been charged with money laundering for their alleged role in a $1.2 billion international scheme to launder funds corruptly obtained from Venezuela’s…
MOSCOW – Moscow’s plan to implement a new law enabling authorities to seize the assets of Western firms leaving the country failed to get through parliament before the summer recess,…
(Reuters) – The U.S. Treasury said on Thursday it had delivered “a framework” to President Joe Biden for international engagement and an inter-agency approach to address the risks and benefits…
MOSCOW – Russian lender VTB’s VTB Factoring subsidiary and fintech company Lighthouse have executed the country’s first cash-backed digital financial asset transaction, the bank said on Wednesday. In February blockchain…
By David French NEW YORK – RedBird Capital Partners is partnering with an outgoing executive from Raymond James Financial Group to establish a new asset and wealth management platform, sources…
SEOUL – South Korea plans to manage steel scrap from cars and abandoned buildings and structures as a strategic material, a government official said on Thursday, amid tight supplies and…
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of…
(Reuters) – Macquarie Asset Management, a part of Australia’s Macquarie Group Ltd, said on Tuesday it had raised $4.2 billion for its third fund dedicated towards Asia-Pacific regional infrastructure, much…
(Reuters) – Russian lawmakers on Tuesday gave the first stamp of approval to a bill that would allow Russian entities to take over foreign companies that have left the market…
(Reuters) – U.S. insurance plan provider Voya Financial Inc said on Tuesday its investment management unit would take over “a substantial majority” of Germany-based Allianz’s asset management business in the…
By Elizabeth Howcroft LONDON – Most cryptocurrencies have a major problem with price volatility, but one sub-category of coins is designed to maintain a constant value: stablecoins. As cryptocurrency prices…
By Makiko Yamazaki TOKYO – Three European asset managers, including the largest, Amundi, said on Wednesday they had jointly filed climate-change resolutions at Japanese electricity generator Electric Power Development Co…