Capital Markets Asset Management and Custody Banks


  • PARIS, Feb 1- BNP Paribas, France's largest bank, plans to simplify the legal structure of its wealth management operations within the group in some of its branches in France and Asia, according to a statement by the FO banking trade union. Under the wealth management project, BNP plans to fold the legal entity BNP Paribas Wealth Management SA, which stands for a...

  • BEIJING, Feb 1- China's foreign exchange regulator said it has not asked institutions to defer the launch of new products under the Qualified Domestic Institutional Investor program, according to a post on its official microblog on Monday. The statement follows a report by financial magazine Caixin on Saturday that quoted unidentified sources from fund...

  • BEIJING, Feb 1- China's foreign exchange regulator said it has not asked institutions to defer the launch of new products under the Qualified Domestic Institutional Investor program, according to a post on its official microblog on Monday.

  • TOKYO, Feb 1- Japanese asset management firms have stopped accepting new money for their money market funds and other short-term debt funds after the central bank's adoption of negative interest rates made it difficult for funds to achieve positive returns. Major Japanese asset managers, including Mitsubishi UFJ Kokusai Asset Management, Mitsui Sumitomo...

  • ZURICH, Feb 1- Swiss private bank Julius Baer is again looking for acquisitions now that a final settlement of U.S. allegations that it helped rich Americans dodge tax is within reach. Excluding the tax case, Julius Baer reported on Monday that underlying net profit rose by a fifth to 701 million Swiss francs, lagging the 729 million average in a Reuters poll.

  • Jan 31- Two government probes into the conduct of longtime antagonists Pershing Square Holdings and Herbalife have failed to find sufficient evidence of criminal wrongdoing by either party, the Wall Street Journal said, citing people familiar with the matter. Pershing Square's chief executive, William Ackman, has bet $1 billion of his firm's $15 billion in...

  • BEIJING, Jan 31- Mid-tier Chinese banks are increasingly using complex instruments to make new loans and restructure existing loans that are then shown as low-risk investments on their balance sheets, masking the scale and risks of their lending to China's slowing economy. The size of this' shadow loan' book rose by a third in the first half of 2015 to an estimated...

  • BOSTON, Jan 30- Fidelity Investments, one of the largest investors in pre-IPO companies, boosted the value of office space provider WeWork Companies Inc by 53 percent in December, the mutual fund company disclosed on Saturday. Boston- based Fidelity placed a new valuation on a Series E stake in WeWork that it acquired in June. WeWork's valuation in Fidelity's...

  • Have we hit the bottom of oil prices?

    Conrad Saldanha, emerging markets fund manager at Neuberger Berman, explains why his company's fund has been underweight in energy

  • BlackRock signage above building entrance in New York.

    BlackRock on Friday reported quarterly profit that was weaker than analysts expected, due to higher compensation costs.

  • China's people have become more wealthy: CEO

    Sergio Ermotti, CEO of UBS, discusses the bank's plans to expand its asset management business into China.

  • Martin Shkreli, CEO of Turing Pharmaceutical, is brought out of 26 Federal Plaza by law enforcement officials after being arrested for securities fraud on Dec. 17, 2015, in New York City.

    Bad-boy ex-pharmaceutical company CEO Martin Shkreli says fraud allegations against him are "baseless and without merit."

  • New Zealand's central bank cut interest rates to match a record low, but the kiwi dollar climbed on expectations the easing cycle may be ending.

  • BlackRock signage above building entrance in New York.

    Sovereign wealth funds in the Gulf have been pulling money out of asset managers at the fastest rate on record, the Financial Times reports.

  • Hedges hedge funds

    Investors flagged their intention to shift more money out of hedge funds in November as they adjusted positions before the year-end, data showed.

  • China's wealthy are moving to the U.S. in rising numbers. This banking start-up hopes to capitalize on the migration.

  • Does Asia need more socially-responsible investors?

    Chandran Nair, founder and CEO of the Global Institute For Tomorrow, says socially responsible investing can bring about environmental and social change in Asia, as well as financial rewards for investors.

  • General Electric

    GE seeks to sell its asset management arm to an investment management firm, as it continues to make moves to focus on its industrial products.

  • A pump jack and pipes at an oil field near Bakersfield, California.

    Renowned oil trader Andy Hall suffered his second-biggest monthly loss in July in a "brutal month" that left his hedge fund about $500 million poorer.

  • New rules impacting asset managers: Silverfinch MD

    John Dowdall, managing director at Silverfinch, says new regulations are starting to impact the asset management industry.