Russian court rules against Volkswagen asset freeze
By Gleb Stolyarov and Alexander Marrow (Reuters) – A Russian court has ruled against freezing Volkswagen’s assets in Russia, stating there were no grounds to …
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Infinity Q founder sentenced to 15 years for lying about asset values
By Jody Godoy (Reuters) – The founder of Infinity Q Management, which once claimed to manage $3 billion, was sentenced to 15 years in prison …
Socks for Soldiers to protect the military’s most vital asset, their feet
TOMS RIVER, NJ – For anyone who served in the military, or at least in the Army and Marines, where soldiers and Marines spend large …
European banks, asset managers study halving stocks settlement time
By Huw Jones LONDON, Mar 2 (Reuters) – Banks and asset managers have set up a new task-force to study whether Europe should keep up …
Majority of global asset managers still not investing responsibly, ShareAction says
LONDON (Reuters) – Global asset managers controlling trillions of dollars are failing to invest in a way that will protect climate, biodiversity and people, despite …
Sept. 11 families cannot halt U.S. decision on Afghan central bank asset seizure
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Friday rejected a request by families of victims of the Sept. 11, 2001, attacks …
FTX Japan to allow asset withdrawals starting Tuesday
TOKYO (Reuters) – The Japanese unit of failed cryptocurrency exchange FTX said on Monday it would allow customers to withdraw deposits of fiat currency and …
U.S. asset manager Van Eck to abort mutual fund plan in China -sources
By Selena Li and Samuel Shen HONG KONG (Reuters) – American investment manager Van Eck will terminate a plan that has been in the works …
China tightens requirements on classifying banks’ asset risks
SHANGHAI (Reuters) – China on Saturday tightened risk management requirements on banks, requiring them to classify financial-asset risks in a timely and prudent manner, in …
Russia recommends investors convert FX bonds amid asset freeze
By Elena Fabrichnaya MOSCOW (Reuters) – Russia’s central bank recommended on Tuesday that retail investors convert their foreign currency Eurobonds into local “replacement bonds” as …
Australia seeks views on Sika’s proposed MBCC asset sales
(Reuters) – Australia’s competition regulator said on Friday it was seeking market views on the proposed sale of MBCC Group’s assets in the country by …
BlackRock, World’s Largest Asset Manager And Woke Investor, Set For Major Layoffs: REPORT
BlackRock, World’s Largest Asset Manager And Woke Investor, Set For Major Layoffs: REPORT John Hugh DeMastri on January 11, 2023 BlackRock, the world’s largest asset …
‘Here To Stay’: These Asset Managers Say Markets Are Underestimating Inflation
‘Here To Stay’: These Asset Managers Say Markets Are Underestimating Inflation John Hugh DeMastri on January 10, 2023 Major asset managers are pushing back on …
Kentucky Becomes Latest State To Take On Woke Banks, Asset Managers
Kentucky Becomes Latest State To Take On Woke Banks, Asset Managers Jack McEvoy on January 4, 2023 UPDATE: This story has been updated to include …
CFTC to charge FTX ex-CEO with digital commodity asset fraud -source
WASHINGTON (Reuters) – The U.S. Commodity Futures Trading Commission will file charges on Tuesday against cryptocurrency exchange FTX founder Sam Bankman-Fried over alleged digital commodity …
BNP Paribas Asset Management heads for the woods with Danish deal
By Virginia Furness LONDON (Reuters) – BNP Paribas Asset Management said on Thursday it had bought a majority stake in a Danish firm specialising in …
Former SunMark Community Bank Loan Officer Pleads Guilty in Asset Misapplication Scheme
MACON, Ga. – A former bank loan officer entered a guilty plea in federal court yesterday in an asset misapplication scheme involving $1.2 million dollars. …
Japan’s Olympus says moving from asset sales towards doing deals
By Rocky Swift and Mayu Sakoda TOKYO (Reuters) – Japanese medical equipment maker Olympus Corp has largely completed a slew of asset sales and is …
Exclusive-Philip Morris to get EU nod for Swedish Match with asset sale -sources
By Foo Yun Chee BRUSSELS (Reuters) -Marlboro maker Philip Morris is set to gain EU antitrust approval for its $16 billion bid for Swedish Match …
Exclusive-Credit Suisse U.S. asset manager draws interest from Janus, Blue Owl, others -sources
By Pamela Barbaglia, David French and Anirban Sen (Reuters) – Money managers such as Janus Henderson Group and investment firms including Blue Owl Capital Inc …
Singapore’s asset management sector surges to record as funds expand
By Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s asset management industry grew to a record size last year, outpacing global growth in the sector as the …
UK fund managers suffer asset declines on shaky markets
By Sinchita Mitra and Yadarisa Shabong (Reuters) – A quartet of British fund managers said assets under management (AUM) dropped by $9.8 billion in aggregate …
BNP Paribas gets regulatory nod to set up China asset management joint venture
By Selena Li HONG KONG (Reuters) – BNP Paribas has received Chinese regulatory approval to start building an asset management venture with Agricultural Bank of …
Tucker Carlson Blasts Corporate Media, Dems For Using ‘Incompetent,’ ‘Disabled’ People As A Political ‘Asset’
Tucker Carlson Blasts Corporate Media, Dems For Using ‘Incompetent,’ ‘Disabled’ People As A Political ‘Asset’ Harold Hutchison on October 12, 2022 Fox News host …
Swiss Q2 current account narrows, reserve asset growth slows
ZURICH (Reuters) – Switzerland’s second-quarter current account surplus narrowed by nearly 1 billion Swiss francs to 11 billion Swiss francs ($11.23 billion), the Swiss National …
Alternative asset specialist Beneficient to go public in $3.5 billion SPAC deal
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 …
Biden administration targets crypto enforcement, digital asset rules
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 …
Goldman Sachs bolsters asset management unit with new adviser
(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 …
BNP Paribas Asset Management names Mike Nikou as APAC CEO
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 …
Exclusive-U.S. commits to Afghan asset talks despite frustration with Taliban – sources
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 …
Nigerian president withholds approval of Exxon Mobil’s asset sale
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 …
Ecuador’s debt payments not affected by Luxembourg asset freeze – government says
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 …
TPG quarterly earnings more than triple on fee growth, asset sales
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 …
Exxon Mobil’s Nigeria asset sale hits regulatory hurdle
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 …
Carlyle’s second-quarter earnings rise 34% on strong asset sales
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 …
Analysis-No longer silent, Japan asset managers flex muscle in legacy to Abe
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 …
Asset manager GAM warns on profit, citing market turbulence
ZURICH – GAM Holding expects to post a loss for the first half of 2022, the Swiss asset manager said on Monday, citing a volatile …
Exclusive: Barclays seeks entry into China’s $4.3 tln asset management market – sources
By Selena Li HONG KONG – Barclays is seeking a Chinese banking partner to set up an asset management joint venture in the country, two …
Two Financial Asset Managers Charged in Alleged $1.2 Billion Venezuelan Money Laundering Scheme
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 …
Russia gives exiting firms time by pausing asset seizure law
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 …
U.S. Treasury calls for inter-agency approach on digital asset risks, benefits
(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 …
State bank VTB, fintech firm execute Russia’s first digital asset deal
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 …
RedBird backing Raymond James exec for asset, wealth manager venture -sources
By David French NEW YORK – RedBird Capital Partners is partnering with an outgoing executive from Raymond James Financial Group to establish a new asset …
S.Korea plans to manage steel scrap as strategic asset as prices surge
SEOUL – South Korea plans to manage steel scrap from cars and abandoned buildings and structures as a strategic material, a government official said on …
Former Employee Of NFT Marketplace Charged In First Ever Digital Asset Insider Trading Scheme
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 …
Macquarie Asset Management raises $4.2 billion for Asia-Pacific fund
(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 …
Russian lawmakers give initial approval to bill allowing foreign asset takeover
(Reuters) – Russian lawmakers on Tuesday gave the first stamp of approval to a bill that would allow Russian entities to take over foreign companies …
Voya plans to buy majority of Allianz’s U.S. asset management business
(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 …
Explainer-What are stablecoins, the asset rocking the cryptocurrency market?
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 …
Three big asset managers file joint climate resolutions at J-Power
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 …