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Capital Markets Asset Management and Custody Banks

  • BRAZIL GOV'T HAS "KEY ROLE" TO PLAY IN SELECTION OF NEW VALE CEO DUE TO PENSION FUND INVESTMENTS- MINING MINISTER.

  • *Rights issue to begin March 21. FRANKFURT, March 5- Deutsche Bank plans to raise capital, list its asset management business and overhaul its business structure as it tries to reinvent itself after spending two years dealing with its past misdeeds and huge losses. Deutsche plans to launch an 8 billion euro rights issue of 687.5 million new shares on March 21,...

  • *Rights issue to begin March 21. FRANKFURT, March 5- Deutsche Bank plans to raise capital, list its asset management business and overhaul its business structure as it tries to reinvent itself after spending two years dealing with its past misdeeds and huge losses. Deutsche plans to launch an 8 billion euro rights issue of 687.5 million new shares on March 21,...

  • FRANKFURT, March 5- Deutsche Bank is planning to raise capital, list its asset management business and realign its divisions as it seeks to reinvent itself after spending about two years dealing with past misdeeds and massive losses. Deutsche plans to launch an 8 billion euro rights issue of 687.5 million new shares on March 20, it said on Sunday.

  • LONDON, March 4- Standard Life and Aberdeen Asset Management, two of Scotland's most well-known financial firms, are in talks over an 11 billion pound tie-up to create Britain's largest investment manager. That is more than double those of Henderson Group and Janus Capital Group, which last year agreed their own $6 billion all-share merger, as well as Schroders,...

  • LONDON, March 4- Aberdeen Asset Management and Standard Life, two of Scotland's most well-known financial firms, said on Saturday they were in talks over an 11 billion pound merger to create one of the world's largest active investment managers. Together, they would manage assets of about 660 billion pounds for a range of retail and institutional clients, more...

  • *Standard Life investors would own two thirds of new firm. LONDON, March 4- Aberdeen Asset Management and insurer Standard Life said on Saturday they were in talks over a possible 11 billion pound merger that would put them among the world's largest active investment managers. "Further to the recent press speculation the Boards of Standard Life and Aberdeen...

  • LONDON, March 4- Scottish fund manager Aberdeen Asset Management and insurer Standard Life are exploring a possible merger, the two companies said in a statement. Aberdeen shareholders would own 33.3 percent of the combined group under the terms of the potential merger, with Standard Life shareholders owning the other 66.7 percent, the companies said.

  • March 3- Activist hedge fund Elliott Management Corp said on Friday it had entered into a standstill agreement with U.S. healthcare services company Advisory Board Co. Elliott Associates, a unit of Elliott Management, disclosed an 8.3 percent stake in Advisory Board in January, calling the stock "undervalued." The stake makes Elliott the company's largest...

  • ALMATY, March 2- Kazakhstan's two biggest lenders have provisionally agreed a deal for Halyk Bank to take over its bigger rival Kazkommertsbank, they said on Thursday. The former Soviet republic has has struggled to recover from the financial crisis of the late 2000 s and the banking sector has been beset by bad loans since the sharp slide in the price of oil,...

  • ZURICH, March 2- Credit Suisse expects higher lending to the world's wealthiest individuals will help its big bet on wealth management pay off. Around a third of the 30.2 billion Swiss francs of net new assets taken in last year at its International Wealth Management and Asia Pacific divisions came via lending, according to Chief Financial Officer David...

  • ALMATY, March 2- Kazakhstan's two biggest lenders have provisionally agreed a deal whereby Halyk Bank will take over its bigger rival Kazkommertsbank, they said on Thursday. The central bank said that the state-owned' bad bank', the Problem Loans Fund, planned to purchase bad assets from Kazkommertsbank, majority-owned by local businessman Kenges Rakishev, but...

  • HONG KONG, March 2- A subsidiary of BlackRock Inc has become the first United States- based asset manager to be awarded a Renminbi Qualified Foreign Institutional Investor quota to invest in China's capital markets. On Thursday, BlackRock said that an 11 billion yuan quota was granted to BlackRock Fund Advisors by China's State Administration of Foreign...

  • NEW YORK, March 1- The world's largest hedge fund manager, Bridgewater Associates, is once again changing its leadership structure as part of a 10- year transition plan led by founder Ray Dalio. Dalio, a billionaire with influential macroeconomic views, will no longer serve as co-chief executive officer of the Westport, Connecticut- based firm, according to a note...

  • March 1- If you want to understand an industry you have to understand how employees get paid, and for what. A new study using the publicly available tax returns of mutual fund managers in Sweden portrays a mutual fund industry in which the interests of fund company owners and their managers are aligned, but those of fund managers and investors only kind of bump...

  • Canada's sixth-largest bank said net income in its personal banking and commercial business rose 18.3 percent to C $213 million, helped by higher personal mortgage lending. Net income in its wealth management business rose to C $101 million in the first quarter ended Jan. 31 from C $77 million. National Bank of Canada, which was the top adviser on Canadian debt...

  • FRANKFURT, March 1- Drugmaker Bayer has sold 1.46 billion euros of shares in its chemicals subsidiary Covestro, cutting its stake to 53.3 percent as it raises cash for its takeover of seeds maker Monsanto. The sale of 22 million shares, or 10.9 percent of Covestro's capital, at 66.50 euros each to institutional investors, puts the chemicals maker on track to enter...

  • BOSTON, March 1- Hedge fund giant Citadel on Wednesday became the latest U.S. investment firm to join the Hedge Fund Standards Board, the industry's global standard-setting body said in a newsletter. The London- based group said hedge fund managers Citadel plus Bermuda- based Hiscox Re Insurance Linked Strategies Ltd and Hong Kong- based Myriad Asset Management...

  • HONG KONG/ SHANGHAI, March 1- China's move to open its derivatives market to foreign bond investors could help counter outflows but lingering concerns about capital controls are keeping offshore investors cautious. Such measures could potentially help China win inclusion on global bond indexes, but investors say market accessibility and concerns about...

  • Feb 28- President Donald Trump opened the door on Tuesday to a broad overhaul of the U.S. immigration system and vowed to pursue massive tax relief for the middle class in a speech to Congress as he sought to rebound from a chaotic start to his presidency. 1/ 2 nL2N1GD0FO 3/ 8. BUCKY HELLWIG, SENIOR VICE PRESIDENT, BB&T WEALTH MANAGEMENT, BIRMINGHAM, ALABAMA:.