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Capital Markets Asset Management and Custody Banks

  • BEIJING, May 27- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor programme rose to $92.72 billion as of May 26, from $90.76 billion at the end of April, the foreign exchange regulator said on Saturday.

  • DUBLIN/ LONDON, May 26- British insurer Legal& General said it will move some of its investment management operations to Ireland to ensure it can continue to serve its customers after Brexit, while rival Aviva is turning its Irish branches into subsidiaries. LGIM's decision follows plans by rival fund manager M&G, a subsidiary of Prudential, to set up a management...

  • *Currently runs $142 bln on behalf of Europe clients. Sean Hagerty, head of Vanguard Europe, told Reuters that the money it manages in Europe, which is currently $142 billion, would grow strongly. "The growth rate in Europe has been somewhere close to 30 percent.

  • May 26- General Motors Co said on Friday proxy adviser Glass Lewis& Co LLC recommended shareholders to vote for GM's board nominees and against Greenlight Capital's proposal at the company's annual shareholder meeting in June. Hedge fund manager David Einhorn's Greenlight has been pressuring GM to split its common stock into two classes to help boost its...

  • LGIM's decision follows plans by rival fund manager M&G, a subsidiary of Prudential, to set up a management company and distribution arm in Luxembourg, which along with Dublin is one of Europe's main hubs for fund services. "This is yet another very important signal to the market that financial services companies can come to Ireland quickly and service their...

  • BOSTON, May 26- Fidelity Investments may support shareholder proxy proposals calling on companies to report on sustainability matters this year, a major shift by the Boston asset manager as climate activists gain more traction at large U.S. corporations. Fidelity's new language marks a milestone since the family-controlled Boston fund manager, the...

  • LONDON, May 26- Europe's brightening economic prospects are unlikely to insulate regional stocks from any sharp pullback on Wall Street where a wobble last week heightened anxiety about whether a market at record highs is due a correction. Darkening clouds in the United States contrast with an acceleration of the euro zone economy and an ebbing of political...

  • LONDON, May 26- Europe's brightening economic prospects are unlikely to insulate regional stocks from any sharp pullback on Wall Street where a wobble last week heightened anxiety about whether a market at record highs is due a correction. Darkening clouds in the United States contrast with an acceleration of the euro zone economy and an ebbing of political...

  • The bank's wealth management unit, known as Wells Fargo Advisors, will increase recruiting offers by as much as 50 percent, according to two people briefed on the changes who asked not to be named because they were not authorized to discuss them publicly. "Attracting the industry's top talent will always be a priority for Wells Fargo Advisors," said spokeswoman...

  • LONDON, May 25- Asset manager Columbia Threadneedle's multi-asset team upgraded equities to "overweight," citing clearing political clouds and a sharp improvement in corporate profits, particularly in Europe, for their optimism. Political risk in Europe has weighed heavily on the continent's equity markets over the past year, though the failure of populist...

  • LONDON, May 25- Asset manager Columbia Threadneedle's multi-asset team upgraded equities to "overweight," citing clearing political clouds and a sharp improvement in corporate profits, particularly in Europe, for their optimism. Political risk in Europe has weighed heavily on the continent's equity markets over the past year, though the failure of populist...

  • TORONTO, May 25- Royal Bank of Canada reported an 11 percent increase in second quarter earnings, beating market forecasts, helped by a strong performance in its capital markets and wealth management businesses. Canada's biggest lender by assets and market value on Thursday said earnings per share, excluding one-off items, rose to C $1.85 per share in the...

  • *Hungarian central bank IRS announcement lifts bond prices. *Bucharest stocks hit highest level since early 2008. BUDAPEST/ PRAGUE, May 24- Hungarian government bonds strengthened on Wednesday after the central bank said that it would offer interest rate swaps which could make bond buying more attractive to commercial banks.

  • Larry Fink

    Larry Fink started BlackRock in a single room with 8 executives in 1988. It’s now the world’s largest asset manager. Here's how Fink thinks.

  • Bill Stromberg, President and CEO of T. Rowe Price Group.

    UBS lowers its rating for T. Rowe Price shares to sell from buy, predicting the mutual fund company’s earnings will miss expectations next year.

  • PARIS, May 24- BNP Paribas plans to increase the assets run by its fund management arm by 5 percent a year to 2020 and speed up the development of the business in Germany, China and the United States. It also plans to rebrand BNP Paribas Investment Partners to BNP Paribas Asset Management from June 1. This brand will cover around 80 percent of its business, while the...

  • *Bucharest stocks hit highest level since early 2008. BUDAPEST/ PRAGUE, May 24- Some Central European currencies and stocks rebounded on Wednesday after a retreat in the past two sessions due to profit-taking. China's credit rating downgrade by Moody's did not have an impact and with a lack of major international market moving factors, investors are watching...

  • NEW YORK, May 23- More than 20 banks and asset management firms are in advanced discussions with regulators in France about shifting jobs there following Britain's vote to leave the European Union, former Bank of France chief Christian Noyer said on Tuesday. Noyer is leading the French government's efforts to lure London- based financiers to Paris as they seek...

  • How will the fiduciary rule affect you?

    With the controversial fiduciary rule set to take effect next month, Dave Pottruck, HighTower Advisors chairman, discusses what it means for investors.

  • BOSTON, May 23- A former Eaton Vance Corp portfolio manager pleaded guilty on Tuesday to an illegal options trading scheme that defrauded the company and allowed him to make $1.9 million in profits. Kevin Amell, who had been a vice president at the asset management company, pleaded guilty in Boston federal court to one count of securities fraud as part of a plea...