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Diversified Financials Capital Markets

  • NEW YORK, March 24- Little-known Thrivent Financial, a Minneapolis- based asset manager that offers financial services to Lutherans, is hoping its recent streak of outperformance will make it stand apart at a time when steep investor outflows are prompting a wave of mergers throughout the mutual fund industry. The firm, which collectively manages $15 billion...

  • *Most of new staff hiring to be in Pearl River Delta. HONG KONG, March 24- HSBC plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, the business's regional head said, most of them in the Pearl River Delta, the heart of the bank's growth strategy in China. HSBC has made the southern Pearl River Delta region- home to 11...

  • EXCLUSIVE-HSBC EXEC SAYS PLANS TO ADD AS MANY AS 1,000 NEW STAFF IN CHINA RETAIL BANKING AND WEALTH MANAGEMENT BUSINESS IN 2017, MOST IN PEARL RIVER DELTA.

  • BOSTON, March 23- Thirteen years ago Eric Mindich set an industry record when he raised $3 billion for his new hedge fund Eton Park. The decision to liquidate comes after a difficult 2016 when Eton Park lost 9 percent and its assets shrunk by $2 billion to the current $7 billion. At its peak in 2011, Eton Park oversaw $14 billion.

  • BOSTON, March 23- Thirteen years ago Eric Mindich set an industry record when he raised $3 billion for his new hedge fund Eton Park. The decision to liquidate comes after a difficult 2016 when Eton Park lost 9 percent and its assets shrunk by $2 billion to the current $7 billion. At its peak in 2011, Eton Park oversaw $14 billion.

  • BOSTON, March 23- Thirteen years ago Eric Mindich set what has been called a record when he raised $3 billion for his new hedge fund Eton Park. The firm oversees $7 billion in assets and kicked the year off with a modest performance, neither losing nor making money for clients. Last year was far tougher, and Eton Park ended the year with a 9 percent loss as assets shrunk...

  • NEW YORK, March 23- PricewaterhouseCoopers LLP has settled a $3 billion negligence lawsuit over the October 2011 collapse of MF Global Holdings Ltd, the futures and commodities brokerage once run by former New Jersey governor Jon Corzine. It also ends a trial that began on March 7 in the U.S. District Court in Manhattan, where several witnesses including Corzine...

  • DUBAI, March 23- Oil giant Saudi Aramco has selected Samba Capital as one of two banks to work as an adviser on its planned share sale in Riyadh, banking sources told Reuters on Thursday. At least six investment banks pitched for a role advising the world's largest oil producer on its listing on the Saudi stock exchange in Riyadh, the Tadawul. Samba Financial Group,...

  • Britain is one of the four main shareholders of the bank, which provides finance and expertise for projects that contribute to European Union policy objectives. Britain has in theory a right to receive a 16.1 percent share of the bank's capital once it leaves the EU, a report of the British House of Lords said in March, estimating that the British claim could be...

  • LONDON, March 22- The head of European bonds at the world's biggest asset manager told Reuters on Wednesday he is optimistic about the outlook for France and is holding a large stake in its government debt ahead of presidential elections in April and May. President Donald Trump's fiscal stimulus was "healthy" and that investors had got ahead of themselves in...

  • *Israel bond market has been strong while stock market slumps. TEL AVIV, March 22- Investment bank Citi is expected to include Israel in its influential World Government Bond Index in coming months, a boost for the local bond market but a potential headache for the central bank as it fights to contain the surging shekel. Israel would account for less than 0.5...

  • "OPEC's decision in November 2016 to cut production was rational, in our view, and fit into its role of inventory manager of last resort," Goldman said. "However, the unintended consequence was to underwrite shale activity through a bullish credit market at a time when delayed delivery of the 2011-13 capex boom could lead to record non- OPEC production growth in...

  • HONG KONG/ MUMBAI, March 22- Investment banking business in India should be enjoying bumper fees after a record year of dealmaking. In India, deals worth more than $1 billion are rare. Earlier this year, it also hired Ankur Dalwani, a former managing director at Jefferies in India, according to a source familiar with the move.

  • The state of China's capital markets

    Mark Austen, CEO of ASIFMA, says markets in China have developed at an "unparalleled pace" but there's more to be done to attract capital onshore.

  • HONG KONG/ MUMBAI, March 21- Investment banking business in India should be enjoying bumper fees after a record year of dealmaking. In India, deals worth more than $1 billion are rare. Earlier this year, it also hired Ankur Dalwani, a former managing director at Jefferies in India, according to a source familiar with the move.

  • LONDON, March 22- JP Morgan retained its place atop the global investment banking league table last year, with the top five places now firmly in the hands of U.S. banks, reflecting their domination over struggling European peers, data on Wednesday showed. JP Morgan's revenues from trading, mergers and acquisitions and other investment banking activity rose 11...

  • LOS ANGELES, March 21- A shareholder coalition founded in the U.K. is recruiting investors for a campaign to convince KFC parent Yum Brands Inc and other food companies to protect public health and corporate profits by reducing the use of antibiotics in the meat they serve in the United States and around the world. "There is the potential for significant...

  • TORONTO, March 21- A push by Canadian companies and pension funds to aggressively pursue overseas acquisitions is helping global investment banks to win a bigger share of M&A advisory mandates and prompting once-dominant domestic rivals to beef up their international operations. Canada's outbound M&A volume hit a record $128 billion last year.

  • "OPEC's decision in November 2016 to cut production was rational, in our view, and fit into its role of inventory manager of last resort," Goldman said. "However, the unintended consequence was to underwrite shale activity through a bullish credit market at a time when delayed delivery of the 2011-13 capex boom could lead to record non- OPEC production growth in...

  • March 21- Jefferies Group LLC, the investment banking unit of Leucadia National Corp, on Tuesday reported a quarterly profit, compared with a year-ago loss, helped by strong revenue from its equities and fixed-income securities trading business. Net earnings attributable to Jefferies were $114.02 million in the first quarter ended Feb. 28, compared with a loss...