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Diversified Financials Capital Markets

  • TOKYO, Jan 13- U.S. asset management firm T. Rowe Price Group Inc is cautious on commodities and related stocks because there remains excess supply in the industry, Chief Executive Officer Bill Stromberg said on Friday. After a crushing fall to around $26 per barrel in early 2016 from its 2011-14 trading range around $100, U.S. crude futures recovered to 1-1/ 2- year...

  • Jan 12- Oil and gas producer Anadarko Petroleum Corporation said on Thursday it would sell its Eagleford Shale assets in South Texas for about $2.3 billion to a strategic 50/ 50 partnership formed by Sanchez Energy Corporation and asset manager Blackstone Group LP. Al Walker, chief executive officer of Anadarko, said in a statement that the sale would help the...

  • NEW YORK, Jan 12- A former trader at Visium Asset Management LP testified on Thursday about how he turned whistleblower and helped U.S. authorities investigate whether the value of the holdings of one of the firm's hedge funds had been fraudulently inflated. Jason Thorell, 38, took the witness stand in federal court in Manhattan as the star witness in the...

  • Jan 12- Morgan Stanley laid off a number of senior investment bankers last week and cut bonuses by roughly 15 percent because of a decline in revenue from dealmaking and capital raising across Wall Street, people with knowledge of the matter told Reuters. Wall Street banks have been cutting staff and curbing compensation for years to cut costs.

  • 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...