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Diversified Financials Capital Markets

  • 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.

  • Sept 29- Hedge fund Och-Ziff Capital Management Group LLC will pay over $400 million and Chief Executive Officer Daniel S. Och will pay another $2.2 million to resolve civil and criminal charges related to bribing officials in several African countries, U.S. prosecutors and regulators said on Thursday. As part of a deal with the Justice Department, Och-Ziff...

  • NEW YORK, Sept 29- Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Thursday that investors should tread carefully when trading Deutsche Bank AG shares because a government bailout is not out of the question. Earlier on Thursday, the U.S.-traded shares hit a record low. Gundlach, who oversees more than $100 billion at Los Angeles- based DoubleLine,...

  • *OPEC deal boosts energy shares, drugmakers down. LONDON, Sept 29 (Reuters)- European shares ended flat on Thursday as losses among drugmakers offset energy share gains following an OPEC deal to cut output, while Commerzbank slid after the German lender froze dividend payments. Ronny Claeys, senior strategist at KBC Asset Management, said the OPEC agreement was...

  • The twice-annual Billion Dollar Club report, released on Thursday, showed a decline of nearly 7 percent, or $132 billion, to July 2016 from a year ago. Firms including Och-Ziff Capital Management Group LLC, BTG Pactual Asset Management, York Capital Management, Pershing Square Capital Management and J.P. Assets for the Billion Dollar Club have fallen over the...

  • LONDON, Sept 29- Mark Lyttleton, a former fund manager at the UK division of asset manager BlackRock Inc, has been charged with insider dealing by Britain's markets regulator. The Financial Conduct Authority said on Thursday it had charged 45- year-old Lyttleton with three counts of insider dealing relating to trading in equities and a call option between...