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  • The insurer's near collapse in 2008 and its $182 billion bailout by the U.S. government led to its inclusion in the Federal Reserve's list of "systemically important financial institutions". Chief Executive Peter Hancock said in March that a judge's ruling that MetLife Inc was not "too big to fail" opened up an opportunity for AIG to seek an exemption from the...

  • They said the documents also showed the loophole in German tax rules had been exploited by some of the world's largest institutional investors including Blackrock and Norway's sovereign wealth fund to cut their tax bills. The report reignited a debate about tax avoidance in Germany, where politicians and government rounded on a scheme that Wolfgang...

  • BOSTON, May 3- Och-Ziff Capital Management Group LLC reported a first-quarter loss on Tuesday after setting aside $200 million to settle charges that it paid bribes to African officials in return for investments in its alternative asset funds. The largest publicly traded U.S. hedge fund company's shares fell 6 percent to $3.76 after news of the unexpected...

  • BOSTON, May 3- Alternative asset investment manager Och-Ziff Capital Management Group LLC reported a first-quarter loss on Tuesday after taking a $200 million reserve as it moves closer to settling bribery charges with the U.S. government. The largest publicly traded U.S. hedge fund posted a distributable loss of $142.5 million, or 27 cents a share, compared...

  • DUBAI, May 3- Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign money and smooth sales of state assets as the kingdom grapples with damage to its finances caused by low oil prices. When Riyadh opened its bourse to direct foreign investment last June, it took a cautious approach, imposing tight...

  • Jeffrey Smith, Starboard Value

    Yahoo's management team and directors have given a warm welcome to Starboard Value Chief Executive Jeffrey Smith since he joined the company's board.

  • *Q1 net profit 707 Sfr mln vs poll f'cast 704 mln Sfr. ZURICH, May 3- UBS plans job cuts to help save hundreds of millions of dollars in its wealth management business, after the Swiss bank's first-quarter net profit fell by nearly two-thirds due to wary clients investing less. Although this was roughly in line with the average estimate of 704 million francs in a...

  • LONDON, May 3- Hedge funds increased their net long positions in Brent and WTI derivatives by 7 million barrels to a record 663 million barrels in the week ending April 26. Even though oil prices have already risen by roughly $20 per barrel from their low in January, hedge funds are more bullish than at any time since oil prices started slumping in the summer of 2014..

  • LOS ANGELES, May 2- Yahoo Inc's management team and directors have given a warm welcome to Starboard Value LP Chief Executive Jeffrey Smith since he joined the company's board after a contentious battle, he said on Monday. "Yahoo has been great," said Smith, who was speaking on a panel at the Milken Institute Global Conference here. "The board members have been...

  • The insurer's near collapse in 2008 and its $182 billion bailout by the U.S. government led to its inclusion in the Federal Reserve's list of "systemically important financial institutions". Chief Executive Peter Hancock said in March that a judge's ruling that MetLife Inc was not "too big to fail" opened up an opportunity for AIG to seek an exemption from the...

  • May 2- Goldman Sachs Group Inc could benefit if it expanded its traditional banking by acquiring online brokerage E* Trade Financial Corp given the Wall Street bank's revenue has been largely flat this decade, said CLSA analyst Mike Mayo. The bank, which carries out consumer, corporate and private banking through GS Bank USA, has initiated the expansion of...

  • LONDON, May 2- Almost half of the world's top 500 investors are doing nothing to address climate change through their investments, a study showed on Monday. A report by the Asset Owners Disclosure Project, a not-for-profit organisation aimed at improving the management of climate change, found that just under a fifth of the top investors- or 97 managing a total of...

  • DUBAI, May 1- Gulf stock markets may move little on Sunday with few positive catalysts, while weak bank earnings may continue to cap Abu Dhabi. After weak results from blue-chip Abu Dhabi banks last week, Union National Bank posted a 27 percent drop in first- quarter net profit. Shares in UNB dropped 4.5 percent last week as other Abu Dhabi bank shares slumped.

  • April 30- Warren Buffett nibbled on sweets during his presentation to shareholders on Saturday but he took a bite out of hedge fund managers. "There's been far, far, far more money made by people in Wall Street through salesmanship abilities than through investment abilities," Buffett said, citing a simple Vanguard Group index fund that tracks the S&P 500 index of...

  • TORONTO, April 30- The Canadian government is eager to consider joining the pension fund Caisse de depot et placement du Quebec in investing in a new public transport light rail network in Montreal, the third-largest of its kind in the world, Prime Minister Justin Trudeau said on Saturday. Speaking at a Liberal convention in Montreal, Trudeau told reporters he...

  • ATM cash machines outside a branch of the Royal Bank of Scotland in Edinburgh.

    Switzerland opened a probe of RBS related to alleged corruption at Malaysian state investment fund 1MDB, sources said. The Financial Times reports.

  • The complaint targets some of T. Rowe Price's most popular funds, including its $31 billion Blue Chip Growth Fund, according to documents filed in U.S. District Court in Oakland, California. The company, for example, is accused of charging up to 69 percent more in management fees on its Blue Chip Growth Fund than what it charges as a subadviser on similar funds for...

  • LONDON, April 29- More than 100 executives from Britain's financial services industry, including hedge fund managers Crispin Odey and Paul Marshall, have signed a letter backing Britain's withdrawal from the European Union, the main Brexit campaign group said on Friday. The investors said that while membership had been good for Britain and London since 1973,...

  • LONDON, April 29- Oil prices are becoming dangerously overheated as speculators anticipate a rebalancing of supply and demand that has barely started, according to many oil analysts. The net long position has surpassed previous peaks set this time last year and before that in June 2014 as Islamic State fighters were racing across northern Iraq and just before...

  • BEIJING, April 29- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor programme stood at $80.996 billion as of April 29, from $80.95 billion at the end of March, the foreign exchange regulator said on Friday.