Diversified Financials Capital Markets

  • LONDON, Oct 4- Four bidders are vying for UniCredit's fund management arm Pioneer as the auction for the $3.35 billion unit moves to the second round of bidding, two sources familiar with the matter said on Tuesday. But two other companies, Australia's Macquarie and British group Aberdeen Asset Management, are also interested in Pioneer and they're currently...

  • LONDON, Oct 4- Deutsche Bank, Germany's biggest lender, is fast becoming the country's- and the world's- biggest financial headache, facing a potential $14 billion fine from U.S. authorities that threatens to hole it below the waterline. Deutsche is the 6th largest investment bank in the world, according to some measures, the largest derivatives clearing house in...

  • LONDON, Oct 4- Investment banking fees in the Americas, the most lucrative region in the world, fell by nearly a fifth in the first nine months of 2016 from a year earlier, outpacing a global decline, Thomson Reuters data shows. In Europe, the Middle East and Africa they fell 12 percent to $14.7 billion, whilst in Asia Pacific they increased 19 percent to $9.6 billion.

  • SINGAPORE, Oct 4- Philippine markets have been heavily sold down since July, primarily for economic reasons, not the festering row between new President Rodrigo Duterte and traditional ally the United States over his war on drugs, money managers say. BPI manages around 700 billion pesos in the Philippines. The stock market, one of Asia's outperformers in 2015,...

  • LONDON, Oct 3- An Australian port and a stake in the Empire State Building's operator were among assets acquired by sovereign investors such as wealth funds and state pension funds in the third quarter of 2016, with deals totalling $21.2 billion. The single biggest deal in the third quarter was the $7.3 billion acquisition of Australia's busiest port,...

  • LONDON, Oct 3- BlackRock, the world's biggest asset manager, has told an international financial watchdog it supports plans to stress test individual mutual funds to make sure they function properly during extreme market conditions. In a Sept. 21 letter to the FSB posted on its website, BlackRock said: "We believe there is merit in developing principles for the...

  • Renminbi a milestone for China

    Karine Hirn, a partner at East Capital, discusses the significance of China's renminbi being added to the IMF's basket of reserve currencies.

  • NEW YORK, Sept 30- Deutsche Bank will likely cast a pall over equity markets next week as the largest German lender navigates a possible multi-billion dollar settlement with the U.S. Department of Justice over the sale of mortgage-backed bonds. "While it is in the headlines, it is an overhang," said Art Hogan, chief market strategist at Wunderlich Securities in New...

  • LONDON, Sept 30- Perella Weinberg's eight partners in Europe shared profits of 11.5 million pounds in 2015 as the boutique advisory firm rode a wave of mergers and acquisitions to more than double its revenue from the region. Perella Weinberg does not rank in the top 25 advisory firms in Europe so far this year, the latest data from Thomson Reuters shows.

  • The China Securities Regulatory Commission will let investors in the Qualified Foreign Institutional Investor programme and the yuan-denominated variant RQFII scheme decide themselves how to allocate their assets in China. The commission has notified custodian banks of the rule changes recently, it said on its official Weibo account, a popular...

  • ISTANBUL, Sept 30- Turkish investment bank Unlu& Co aims to complete the acquisition of an Iranian brokerage in the next six months and become the first Turkish financial services firm to operate in Iran since the easing of sanctions, its chairman said on Friday. Turkish trade with Iran has since risen some 30 percent. Turkish Prime Minister Binali Yildirim said...

  • Sept 29- The value of announced mergers and acquisitions worldwide fell 27 percent year-on-year to $753 billion in the third quarter of 2016, as apprehension among corporate executives about overpaying prevented a repeat of last year's deal-making frenzy. "With price-to-earnings multiples at historic highs, deals are more likely to happen when there is...

  • SHANGHAI, Sept 30- China's securities regulator will scrap limits on asset allocations under the Qualified Foreign Institutional Investor programme, and its yuan-denominated variant RQFII scheme, in a bid for more long-term capital inflows, the official Shanghai Securities News said on its website on Friday. The China Securities Regulatory Commission...

  • RBC Capital Markets, the investment banking arm of RBC has in recent years made a series of senior hires in Europe, in an attempt to beef up its mergers and acquisitions and equity capital markets franchise in the region, where it employs around 200 people in the division. Money raised from flotations, or initial public offerings in Europe, fell 49 percent to $21...

  • *Few recent blockbuster deals in Asia, IPO activity down. *Fees in Asia increasingly divided among more banks. But increased competition from Chinese rivals and a dearth of the blockbuster deals it has previously relied on to make money in Asia are putting pressure on global investment banking powerhouses such as Goldman, quarterly Thomson Reuters data shows.

  • Deutsche Bank

    Bordier & Cie's Bryan Goh warns that Deutsche Bank's troubles might affect its CoCo bond coupons payments and lock it out of the CoCo bond market.

  • BEIJING, Sept 30- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor programme rose to $81.74 billion at end-September, from $81.48 billion in August, the foreign exchange regulator said on Friday.

  • NEW YORK, Sept 29- CNO Financial Group Inc on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by Beechwood were not compliant with insurance company guidelines because of exposure to troubled hedge fund manager Platinum Partners.

  • Sept 29- The value of announced mergers and acquisitions worldwide fell 27 percent year-on-year to $753 billion in the third quarter of 2016, as apprehension among corporate executives about overpaying prevented a repeat of last year's deal-making frenzy. "With price-to-earnings multiples at historic highs, deals are more likely to happen when there is...

  • Few recent blockbuster deals in Asia, IPO activity down. *Fees in Asia increasingly divided among more banks. But increased competition from Chinese rivals and a dearth of the blockbuster deals it has previously relied on to make money in Asia are putting pressure on global investment banking powerhouses such as Goldman, quarterly Thomson Reuters data shows.