Former Credit Suisse APAC asset management head exiting UBS – sources
By Selena Li and Xie Yu HONG KONG (Reuters) – Former asset management head of Credit Suisse in Asia Pacific, Min Huang, is leaving UBS as the bank embarks on reviewing its…
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 efforts by the industry to promote its…
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 not to enforce his decision against letting…
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 crypto assets beginning Tuesday after months of…
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 for over two years to establish a…
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 a bid to better assess lenders’ credit…
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 5.7 trillion roubles ($81 billion) of investor…
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 Swiss chemicals maker Sika AG. The divestment…
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 manager and possibly the most high-profile of…
‘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 the market’s expectation that inflation and U.S.…
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 a statement from JPMorgan Chase. The state…
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 asset fraud, a source familiar with the…
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 woodland and agricultural investments. The purchase of…
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. Mitchell Fowler, 35, of Hawkinsville, Georgia, pleaded guilty to…
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 now keen to do deals, particularly in…
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 after offering to sell the target’s logistics…
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 are weighing potential offers for Credit Suisse…
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 city-state benefited from more business from global…
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 in the three months to end-September, after…
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 China (AgBank), the two companies said, allowing…
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 Tucker Carlson blasted corporate media and Democrats…
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 Bank (SNB) said on Friday. The SNB…
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 in a deal valuing it at about…
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 on Friday, citing their potential for misuse…
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 Reuters on Thursday, as the bank seeks…
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 Tuesday, effective Sept. 15, according to a…
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