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Capital Markets Asset Management and Custody Banks

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  • MELBOURNE, June 1- London copper edged up on Monday after sliding 5 percent last month, but remained under pressure with data stoking worries about demand in top metals user China. "China is not a good story, you can't bank on a big impulse from the demand side," said analyst Dominic Schnider at UBS Wealth Management in Hong Kong. Copper output by the world No. 1 producer...

  • *BlackRock: focus should be on products, practices. "Policymakers need to develop a better understanding of asset owners, including why asset owners allocate their assets to a certain market or asset class," BlackRock, the world's biggest asset manager, said in a statement. Regulators should focus on products and market practices, not the size of funds, BlackRock...

  • Thousands more Madoff victims may get payouts Friday, 29 May 2015 | 6:36 PM ET

    NEW YORK, May 29- Roughly 11,000 additional victims of Bernard Madoff's Ponzi scheme may recover some of their losses, and the number could double as an official overseeing a $4.05 billion compensation fund set up by the U.S. government reviews more claims. In an update this week, the Madoff Victim Fund's special master, Richard Breeden, said he would recommend...

  • Outsized investment returns and strong inflows have seen Wellington's assets under management grow to $939 billion at the end of March from $834 billion at the end of 2013, putting it on track to join the exclusive club of money managers running more than $1 trillion by as early as this year. While smart stock picking has helped, the company's growth has also...

  • *Online apps and websites revolutionising trading. LONDON, May 29- When Noa Strijbos picks a financial asset to trade on her smartphone while taking her dog for a walk, almost 26,000 people pay close attention. Regulators are cracking down on the murkier parts of tech-driven trading, and recently a trader from the London suburbs has been accused of helping to...

  • MOBILE APPS TURN BEDROOM TRADERS INTO STAR PROFESSIONALS@* Online apps and websites revolutionising trading* Launch of "copy trade" feature boosts business of apps* Wealth management firm tests copycat trading strategy. LONDON, May 29- When Noa Strijbos picks a financial asset to trade on her smartphone while taking her dog for a walk, almost 26,000 people pay...

  • HANGZHOU, China/ BEIJING, May 29- Huarong Asset Management Co Ltd is poised to become the second Chinese bad loan firm to auction soured loans online amid a push by the government to settle these debts as the economy slows, an executive at e-commerce giant Alibaba Group Holding Ltd said. China Cinda Asset Management Co, the second largest, earlier this year launched...

  • China's QFII quota rises to $74.47 bln in May Friday, 29 May 2015 | 3:14 AM ET

    BEIJING, May 29- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor programme rose to $74.47 billion as of May 29 from $73.6 billion at the end of April, China's foreign exchange regulator said on Friday.

  • SHANGHAI, May 28- China's stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity. The Shanghai Stock Exchange saw A share turnover hit 1.2 trillion yuan, an all time...

  • WASHINGTON/ NEW YORK, May 28- Four more Swiss banks have cut deals with the U.S. Department of Justice to avoid possible prosecution for helping Americans evade taxes, the department said on Thursday. The banks are Societe Generale Private Banking, MediBank AG, LBBW AG, and Scobag Privatbank AG. The banks settled under a voluntary program the Justice Department...

  • TORONTO, May 28- Royal Bank of Canada, the country's top lender, posted a better-than-expected quarterly profit on Thursday, helped by strength in its domestic banking and capital markets divisions. RBC has been expanding its U.S. wealth management business and launched a $5.4 billion bid in January for Los Angeles- based City National Corp. City National said...

  • NEW YORK, May 28- Some of the biggest names in the investment world have been whipsawed by the recent rise in global yields and the strength in the euro against the dollar, with investors bracing for more sharp moves later this year stemming from central bank actions. Pimco's flagship Total Return Fund, which lost its crown as the biggest bond fund in the world in...

  • HANGZHOU, China, May 28- China Cinda Asset Management offered on Thursday nearly $7 billion in soured loans to investors in its largest ever sale, underscoring government pressure on banks and asset managers to settle China's debt pile as economic growth stalls. Its promotion comprised 35.3 billion yuan in outstanding principle and 8 billion yuan in interest...

  • SHANGHAI, May 28- China's stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity. The Shanghai Stock Exchange saw A share turnover hit 1.2 trillion yuan, an all time...

  • SHANGHAI, May 28- China's stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity. The Shanghai Stock Exchange saw A share turnover hit 1.2 trillion yuan, an all time...

  • ZURICH, May 28- No longer is schmoozing over long lunches and fine wines enough; Swiss private bankers are turning to video games and virtual reality to attract a new generation of sceptical clients and see off digital rivals. In a fifth floor office just off Zurich's main shopping street, researchers at UBS are testing dozens of technologies to see what could...

  • NEW YORK, May 28- Some of the biggest names in the investment world have been whipsawed by the recent rise in global yields and the strength in the euro against the dollar, with investors bracing for more sharp moves later this year stemming from central bank actions. Pimco's flagship Total Return Fund, which lost its crown as the biggest bond fund in the world in...

  • LONDON, May 27- When Chris Morton was setting up a fashion e-commerce company five years ago, he spent a lot of time listening to online music service Spotify. While Spotify was an inspiration for Morton, other London- based online retail entrepreneurs, like Farfetch founder and CEO José Neves, are using tricks learned from social media to create fashion...

  • May 27- Lowering interest rates around the world to boost the global economy has reached a point where it is now "quite harmful" to clients, including pension funds and insurers, BlackRock Inc Chairman and Chief Executive Officer Laurence Fink said on Wednesday. The "low rate environment is having a profound impact on how they're going to operate," Fink said at the...

  • LONDON, May 27- Australian Symon Drake-Brockman is on the front line of a revolution in European finance. The former head of global debt markets at Royal Bank of Scotland now runs Pemberton Asset Management in London's genteel Belgravia, several miles from the "Square Mile" City of London financial district where bankers work. "We operate more like a lender... we are...