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Capital Markets Asset Management and Custody Banks

  • The priorities were announced by outgoing SEC Chair Mary Jo White, who is slated to depart after President-elect Donald Trump takes office. The rules were a direct response to the 2008 financial crisis, when the Reserve Primary Fund's exposure to Lehman Brothers prompted panicked investors to withdraw their money in a run that led the fund to "break the buck" and...

  • The priorities were announced by outgoing SEC Chair Mary Jo White, who is slated to depart after President-elect Donald Trump takes office. The rules were a direct response to the 2008 financial crisis, when the Reserve Primary Fund's exposure to Lehman Brothers prompted panicked investors to withdraw their money in a run that led the fund to "break the buck" and...

  • *Regulators to flesh out 14 recommendations over 2 years. LONDON, Jan 12- Global regulators flagged on Thursday they would revisit plans on whether to designate big asset managers such as BlackRock and Vanguard as being globally systemic and requiring tougher scrutiny, despite fierce resistance from the sector. "The policy recommendations will better...

  • *Regulators to flesh out 14 recommendations over 2 years. LONDON, Jan 12- Global regulators flagged on Thursday they would revisit plans on whether to designate big asset managers such as BlackRock and Vanguard as being globally systemic and requiring tougher scrutiny, despite fierce resistance from the sector. "The policy recommendations will better...

  • *Regulators to flesh out 14 recommendations over 2 years. LONDON, Jan 12- Global regulators flagged on Thursday they would revisit plans on whether to designate big asset managers such as BlackRock or Vanguard as being globally systemic and requiring tougher scrutiny, despite fierce resistance from the sector. "The policy recommendations will better prepare...

  • *Regulators to flesh out 14 recommendations over 2 years. LONDON, Jan 12- Global regulators flagged on Thursday they would revisit plans on whether to designate big asset managers such as BlackRock or Vanguard as being globally systemic and requiring tougher scrutiny, despite fierce resistance from the sector. "The policy recommendations will better prepare...

  • *France set to become first G7 country to issue debt. Sales could accelerate further this year, with France set to become the first G7 country to join the development banks and companies that have already issued this form of financing. "To have a major G7 issuer like France commit to doing a large programme is very important...

  • *France set to become first G7 country to issue debt. Sales could accelerate further this year, with France set to become the first G7 country to join the development banks and companies that have already issued this form of financing. "To have a major G7 issuer like France commit to doing a large program is very important...

  • MADRID, Jan 12- Spain's Banco Popular has sold 620 million euros of non-performing property loans to U.S. asset managers Apollo and Blackstone, a bank spokesman said on Thursday. The sale comes as Popular, Spain's sixth largest by assets, presses on with its plan to reduce its toxic real estate portfolio by 15 billion euros by 2018, almost half its total exposure.

  • LONDON, Jan 12- Britain's finance industry has reluctantly given up on efforts to keep full access to the European Union after Brexit and is pushing instead for a more limited trade deal that would potentially exclude some financial products. Banks, insurers and asset managers have concluded there is no realistic chance of maintaining full passporting...

  • KUALA LUMPUR, Jan 12- Malaysia's securities regulator has proposed establishing a fund to invest in the country's Islamic finance funds and make them more attractive to institutional and foreign investors. The proposed fund, part of an Islamic fund and wealth management blueprint launched on Thursday by the Securities Commission, would invest in...

  • LONDON, Jan 12- Britain's finance industry has given up on efforts to keep full access to the European Union after Brexit and is pushing instead for a more limited trade deal that would potentially exclude some financial products. Banks, insurers and asset managers have come to the conclusion there is no realistic chance of maintaining full passporting rights...

  • NEW YORK, Jan 11- An ex-portfolio manager at Visium Asset Management LP corruptly sought to boost the value of one of its hedge fund's holdings, defrauding investors while enabling the investment firm to earn millions of dollars, a U.S. prosecutor told jurors on Wednesday. Stefan Lumiere, the former brother-in-law of Visium founder Jacob Gottlieb, violated the...

  • LONDON, Jan 11- The former regional heads for Africa at private equity giants KKR and Carlyle are setting up an investment firm, Arkana Partners, to target local equity investments of up to $100 million. Kayode Akinola told Reuters on Wednesday that he was leaving KKR to join forces with Marlon Chigwende, who left his role as Africa chief at rival Carlyle in 2016, as...

  • NEW YORK, Jan 11- Morgan Stanley is rolling out a new software platform to 20 of its top financial advisory teams to help them see more of their wealthiest clients assets. The bank, which manages most of its technology in-house, said late Tuesday that part of its private wealth management division will use Addepar, a Mountain View, California- based technology firm...

  • That would be a dramatic reversal from last year, when assets under management for bond funds surged 142 percent to 1.93 trillion yuan, while equity and balanced fund assets dropped 17 percent to 1.99 trillion yuan, according to data from Chinese consultancy Z-Ben Advisors. While China's main stock index fell 12 percent last year, yuan-denominated bonds had...

  • That would be a dramatic reversal from last year, when assets under management for bond funds surged 142 percent to 1.93 trillion yuan, while equity and balanced fund assets dropped 17 percent to 1.99 trillion yuan, according to data from Chinese consultancy Z-Ben Advisors. While China's main stock index fell 12 percent last year, yuan-denominated bonds had...

  • Jan 10- Federal regulators criticized several Wall Street banks over the handling of a $1.15 billion loan they helped arrange for Uber Technologies Inc this past summer, according to people with knowledge of the matter. Led by Morgan Stanley, the banks helped the ride-sharing network tap the leveraged loan market in July for the first time, persuading...

  • TORONTO, Jan 10- Canadian online investment startup Wealthsimple expects to have over a billion dollars in assets under management this year as it plans for significant growth in 2017, its chief executive said on Tuesday. Launched just two years ago and backed by Power Financial Corp, the financial technology startup currently has about 15,000 clients in...

  • *Arabian Cement surges; Beltone upgrades stock to buy. DUBAI, Jan 10- Egypt's stock market rose strongly on Tuesday but foreign funds were net sellers for a second time since the Egyptian pound was floated on Nov. 3. Mohamed El Nabarawy, head of asset management at Egypt's HC Securities& Investment, said foreign funds had been extremely underweight in Egypt for...