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Capital Markets Asset Management and Custody Banks

  • 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...

  • NEW YORK, May 23- Fidelity Investments will allow its clients to see their holdings of bitcoin and other virtual currencies held on digital asset exchange Coinbase on the company's website, said Chief Executive Abigail Johnson on Tuesday. The move will make the Boston- based asset manager one of a handful of large financial services firms to have integrated...

  • May 23- Private equity firm Bain Capital LP said on Tuesday it had raised $720 million for its first investment fund focused exclusively on the life sciences sector. Guided by a team of eight investment professionals, the new business will make investments of between $30 million and $70 million in public and private life sciences companies in areas ranging...

  • LONDON, May 22- Hedge funds have started to rebuild bullish long positions in crude oil as OPEC prepares to extend its production cuts for an additional nine months. Combined Brent and WTI short positions increased by just 22 million barrels in the week to May 16 compared with 71 million in the week to May 9 and 65 million in the week to May 2. By May 16, combined short...

  • PURCHASE, N.Y., May 22- Morgan Stanley's executive compensation plan received the support of over 90 percent of its shareholders at the bank's annual meeting in its Purchase, New York wealth management headquarters on Monday. JPMorgan Chase& Co CEO Jamie Dimon faced activists during the bank's annual meeting last week who demanded answers about his role on a...

  • PURCHASE, N.Y., May 22- Morgan Stanley's executive compensation plan received the support of over 90 percent of its shareholders at the bank's annual meeting in its Purchase, New York wealth management headquarters on Monday. Morgan Stanley avoided protests that dominated other Wall Street firm's annual meetings this year. JPMorgan Chase& Co CEO Jamie Dimon...

  • LONDON, May 22- Royal Bank of Scotland is close to settling a costly and potentially embarrassing case alleging it misled shareholders during a 12 billion pound fundraising at the height of the financial crisis, sources familiar with the talks said on Monday. Trevor Hemmings, a multimillionaire businessman whom Reuters previously reported is one of the main...

  • BOSTON, May 22- A Massachusetts hedge fund manager has been arrested and accused of misappropriating millions of dollars from investors and engaging in a Ponzi-like scheme, U.S. authorities said. Yasuna Murakami, who managed Cambridge, Massachusetts- based MC2 Capital Management LLC, was arrested in Vermont on Saturday and charged in a criminal complaint with...

  • SAO PAULO, May 22- Brazilian asset manager JGP Gestão de Recursos Ltda denied on Monday it had early knowledge of allegations that set off a political firestorm last week, when several of its funds posted gains on a day when most domestic investors suffered heavy losses. JGP's three cross-asset funds yielded returns between 1 percent and 3.3 percent on...

  • LONDON, May 22- Hedge funds have started to rebuild bullish long positions in crude oil as OPEC prepares to extend its production cuts for an additional nine months. Combined Brent and WTI short positions increased by just 22 million barrels in the week to May 16 compared with 71 million in the week to May 9 and 65 million in the week to May 2. By May 16, combined short...