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Diversified Financials Capital Markets

  • SHANGHAI, Dec 19- China's central bank will tighten supervision of shadow banking businesses by including off-balance sheet wealth management products into its risk-assessment framework next year, sources with direct knowledge of the matter told Reuters. Over the weekend, China's top leaders vowed at a key economic planning meeting to prevent asset...

  • SHANGHAI, Dec 19- China's central bank will include the off-balance sheet wealth management business in its so-called Macro Prudential Assessment risk-tool starting in the first quarter of next year, sources with direct knowledge of the matter told Reuters. The People's Bank of China also urged financial institutions to strengthen liquidity management...

  • BOSTON, Dec 16- Fidelity Investments unintentionally boosted BlackRock Inc's prospects as a robo adviser with a small investment in a start-up company that BlackRock bought last year for an estimated $150 million. Morgan Stanley analysts describe how robo advising is an emerging force to provide affordable advice in a $22 trillion wealth pool that...

  • MILAN, Dec 16- Troubled Italian bank Monte dei Paschi di Siena sought on Friday to convince 40,000 retail investors to take part in its last-ditch rescue plan, warning them they could face bigger losses if they did not convert their bonds into shares. Italy's third biggest bank has until the end of this month to raise 5 billion euros in equity or face the risk of...

  • Dec 16- Fund manager Virtus Investment Partners Inc said on Friday that it would buy RidgeWorth Investments for about $513 million to widen its client base. The deal, which is expected to be accretive to earnings per share, will nearly double Virtus' assets under management to $86.8 billion. Atlanta- headquartered RidgeWorth, which has $40.2 billion in assets, is...

  • MILAN, Dec 16- Troubled Italian bank Monte dei Paschi di Siena sought on Friday to convince 40,000 retail investors to take part in its last-ditch rescue plan, warning them they could face bigger losses if they did not convert their bonds into shares. Italy's third biggest bank has until the end of this month to raise 5 billion euros in equity or face the risk of...

  • *Wall Street banks facing tough Asia investment banking business. The Swiss bank joins rivals in making investment banking cost cuts in Asia as deal volumes remain sluggish. Wall Street banks are grappling with a harsh environment in Asia as the region's economies and markets have failed to deliver sustained growth after the 2008 financial crisis.

  • *Wall Street banks facing tough Asia investment banking business. The Swiss bank joins rivals in making investment banking cost cuts in Asia as deal volume remains sluggish. Wall Street banks are grappling with a harsh environment in Asia as the region's economies and markets have failed to deliver sustained growth after the 2008 financial crisis.

  • ROME/ MILAN, Dec 15- Italy's government is ready to pump 15 billion euros into Monte dei Paschi di Siena and other ailing banks, sources said, as the country's third-largest lender pushes ahead with a private rescue plan that is widely expected to fail. The world's oldest bank has until Dec. 31 to raise 5 billion euros in equity or face being wound down by the European...

  • ROME/ MILAN, Dec 15- Italy's government is ready to pump 15 billion euros into Monte dei Paschi di Siena and other ailing banks, sources said, as the country's third-largest lender pushes ahead with a private rescue plan that is widely expected to fail. The world's oldest bank has until Dec. 31 to raise 5 billion euros in equity or face being wound down by the European...

  • NEW YORK, Dec 15- New York City remained the top choice this year among foreign investors in commercial real estate while Washington fell to No. 15 as a global destination and dropped from the top five U.S. cities for the first time, a survey showed on Thursday. The best Washington has mustered since 2013 was eighth place, according to AFIRE, whose members are among the...

  • JOHANNESBURG/ LONDON, Dec 15- Anheuser-Busch InBev will sell its stake in South Africa's Distell Group to state-owned pension fund Public Investment Corp, it said on Thursday, as agreed during its takeover of SABMiller. South Africa's Competition Commission made the disposal a condition of the $100 billion takeover. Distell's other large shareholders,...

  • JOHANNESBURG, Dec 15- Anheuser-Busch Inbev will sell its entire interest in Distell Group Ltd to South Africa's state-owned pension fund Public Investment Corp as part of the conditions for its acquisition of brewer SABMiller, the company said on Thursday.

  • NEW YORK, Dec 14- SkyBridge Capital, the hedge fund investment firm founded by outspoken industry defender Anthony Scaramucci, is for sale, according to a person familiar with the situation. Scaramucci, a fundraiser and adviser to President-elect Donald Trump, recently began an auction process for the New York- based firm as he considers potential roles in the...

  • Dec 14- Boutique investment banks have grabbed a record share of the global merger and acquisition fee pool off larger Wall Street rivals this year but their stock price performance is trailing bigger peers. M&A levels have slowed and without major lending and trading desks, these firms are not in line for the sort of boost their larger rivals are expected to...

  • SAO PAULO, Dec 14- The pension fund for oil company Petroleo Brasileiro SA's employees on Wednesday called for securities industry watchdog CVM to investigate some of Brazil's largest asset managers over allegations of irregularities, a statement said. Walter Mendes, president of Fundação Petrobras de Seguridade Social, commonly known as Petros, asked...

  • Dec 14- Goldman Sachs Group Inc on Wednesday named company veterans David Solomon and Harvey Schwartz presidents and co-chief operating officers to succeed Gary Cohn, who is set to head the White House National Economic Council. The Wall Street investment bank said Chief Information Officer R. Martin Chavez would replace Schwartz as chief financial officer...

  • Dec 14- Goldman Sachs Group Inc on Wednesday named company veterans David Solomon and Harvey Schwartz presidents and co-chief operating officers to succeed Gary Cohn, who is set to head the White House National Economic Council. The Wall Street investment bank said Chief Information Officer R. Martin Chavez would replace Schwartz as chief financial officer...

  • *Italy's biggest bank plans to raise 13 billion euros. *Italy home to some of Europe's highest fee payers. The bank, which has a market value of 17 billion euros, wants to tap equity markets early next year for one of Europe's biggest rights issues of the past decade, raising 13 billion euros to shield itself from a broader banking crisis.

  • Two of Australia's largest pension funds, AustralianSuper and Cbus, intend to manage in-house at least 20 percent of their combined A $140 billion in assets within the next decade. To do that they are wagering on their market power as Australia's current A $2.1 trillion pool of retirement savings is set to reach an astronomical A $10 trillion by 2035, according...