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Diversified Financials Capital Markets

  • ZURICH, March 2- Credit Suisse expects higher lending to the world's wealthiest individuals will help its big bet on wealth management pay off. Around a third of the 30.2 billion Swiss francs of net new assets taken in last year at its International Wealth Management and Asia Pacific divisions came via lending, according to Chief Financial Officer David...

  • TORONTO, March 2- Toronto-Dominion Bank, Canada's second-biggest lender, on Thursday reported quarterly earnings ahead of market expectations, helped by a strong performance in both the United States and Canada. TD said earnings per share in the first quarter ended Jan. 31 rose to C $1.32, compared with C $1.17 a year ago. Overall net income rose to C $2.5 billion...

  • ALMATY, March 2- Kazakhstan's two biggest lenders have provisionally agreed a deal whereby Halyk Bank will take over its bigger rival Kazkommertsbank, they said on Thursday. The central bank said that the state-owned' bad bank', the Problem Loans Fund, planned to purchase bad assets from Kazkommertsbank, majority-owned by local businessman Kenges Rakishev, but...

  • Saudi CMA: No change to capital market policy after US election

    Mohammed El-Kuwaiz of the Capital Market Authority, Kingdom of Saudi Arabia, says geopolitics and capital market policy remain independent of one another.

  • Saudi CMA: We need to integrate capital market with rest of world

    Mohammed El-Kuwaiz, vice chairman of the Capital Market Authority, Kingdom of Saudi Arabia, talks about the growth of the Saudi capital market.

  • Saudi CMA: Doesn't matter who's technically superior if you can't play well

    Settlement cycle changes and new QFI rules are among the country's new integration measures, explains Mohammed El-Kuwaiz, vice chairman of the Capital Market Authority, Kingdom of Saudi Arabia.

  • Saudi market authority: 'Quite encouraged' with bond issue response

    October's successful sovereign bond sale indicated strong investment interest, said Mohammed El-Kuwaiz, vice chairman of the Capital Market Authority, Kingdom of Saudi Arabia.

  • Does Singapore stand a chance with the Aramco listing?

    Aramco's international listing destination will be decided by the IPO's underwriters and advisers, warned Mohammed El-Kuwaiz, vice chairman of the Capital Market Authority, Kingdom of Saudi Arabia.

  • HONG KONG, March 2- A subsidiary of BlackRock Inc has become the first United States- based asset manager to be awarded a Renminbi Qualified Foreign Institutional Investor quota to invest in China's capital markets. On Thursday, BlackRock said that an 11 billion yuan quota was granted to BlackRock Fund Advisors by China's State Administration of Foreign...

  • NEW YORK, March 1- The world's largest hedge fund manager, Bridgewater Associates, is once again changing its leadership structure as part of a 10- year transition plan led by founder Ray Dalio. Dalio, a billionaire with influential macroeconomic views, will no longer serve as co-chief executive officer of the Westport, Connecticut- based firm, according to a note...

  • March 1- If you want to understand an industry you have to understand how employees get paid, and for what. A new study using the publicly available tax returns of mutual fund managers in Sweden portrays a mutual fund industry in which the interests of fund company owners and their managers are aligned, but those of fund managers and investors only kind of bump...

  • Canada's sixth-largest bank said net income in its personal banking and commercial business rose 18.3 percent to C $213 million, helped by higher personal mortgage lending. Net income in its wealth management business rose to C $101 million in the first quarter ended Jan. 31 from C $77 million. National Bank of Canada, which was the top adviser on Canadian debt...

  • FRANKFURT, March 1- Drugmaker Bayer has sold 1.46 billion euros of shares in its chemicals subsidiary Covestro, cutting its stake to 53.3 percent as it raises cash for its takeover of seeds maker Monsanto. The sale of 22 million shares, or 10.9 percent of Covestro's capital, at 66.50 euros each to institutional investors, puts the chemicals maker on track to enter...

  • BOSTON, March 1- Hedge fund giant Citadel on Wednesday became the latest U.S. investment firm to join the Hedge Fund Standards Board, the industry's global standard-setting body said in a newsletter. The London- based group said hedge fund managers Citadel plus Bermuda- based Hiscox Re Insurance Linked Strategies Ltd and Hong Kong- based Myriad Asset Management...

  • HONG KONG/ SHANGHAI, March 1- China's move to open its derivatives market to foreign bond investors could help counter outflows but lingering concerns about capital controls are keeping offshore investors cautious. Such measures could potentially help China win inclusion on global bond indexes, but investors say market accessibility and concerns about...

  • Feb 28- President Donald Trump opened the door on Tuesday to a broad overhaul of the U.S. immigration system and vowed to pursue massive tax relief for the middle class in a speech to Congress as he sought to rebound from a chaotic start to his presidency. 1/ 2 nL2N1GD0FO 3/ 8. BUCKY HELLWIG, SENIOR VICE PRESIDENT, BB&T WEALTH MANAGEMENT, BIRMINGHAM, ALABAMA:.

  • NEW YORK/ BOSTON, Feb 28- Fidelity Investments Inc and Charles Schwab Corp made moves in quick succession on Tuesday to slash trade commissions, accelerating the race to zero and foreshadowing a more important battle to win clients for potentially more lucrative services. Fidelity cut its commissions to trade stocks and exchange-traded funds to $4.95 from...

  • MADRID, Feb 28- Spain's Banco Sabadell said late on Tuesday it had agreed to sell its Florida- based retail banking unit to Iberiabank Corp for $1 billion, leaving it with corporate and private banking operations in Miami. The sale, expected to close in the second half of 2017, will generate a net capital gain of 447 million euros for Sabadell, the bank said in a...

  • MADRID, Feb 28- Spain's Banco Sabadell said late on Tuesday it had agreed to sell its Florida- based retail banking unit to Iberiabank Corp for $1 billion, leaving it with corporate and private banking operations in Miami.

  • BOSTON, Feb 28- Investors disappointed by hedge funds' poor returns and managers eager to pull in fresh money are seeing eye to eye: the industry's once-hefty fees are being rolled back. In the United States, home to the bulk of the world's hedge funds, the number is even higher with 78 percent of polled managers saying they are ready to negotiate on fees, underscoring...