Diversified Financials Capital Markets

  • Brexit Asia

    While Brexit's impact on Asia might be limited, it will affect Asian financial centers such as Hong Kong and Singapore the most, says Jefferies' Sean Darby.

  • HONG KONG, June 30- Share offerings in Asia-Pacific ex- Japan sank nearly 60 percent in the first half of 2016 amid the weakest activity since 2008, weighed by volatile equity markets, China's slowdown and uncertainty over Britain's exit from the European Union. Federal Reserve's plans for higher interest rates, China's slowest growth in 25 years and Britain's...

  • Banks Stress Test

    The Fed will not be raising rates this year, so U.S. banks won't be earning more on net interest margins, says Wedbush Equity Mgmt's Steve Massocca.

  • LONDON, June 29- New York- based global macro hedge fund firm Caxton Associates made gains of 2 percent on Friday after Britain voted to leave the European Union, a source told Reuters on Wednesday. Caxton, founded in 1983 by Bruce Kovner, manages $8 billion in assets and is run by Chairman and Chief Executive Officer Andrew Law, who had supported Britain remaining in...

  • *Canadian banks look outside of Canada for growth. *CIBC shares down 3 percent, Private Bancorp up 22 percent. TORONTO June 29- Canadian Imperial Bank of Commerce said it will buy Chicago- based PrivateBancorp Inc in a $3.8 billion cash-and-share deal, its biggest ever acquisition and a long-awaited expansion in U.S wealth management.

  • BRASILIA, June 29- Grupo BTG Pactual SA, Latin America's largest independent investment bank, will issue a different class of shares as part of a plan to spin off its commodities trading unit, according to a securities filing on Wednesday. The plan calls for the company's Banco BTG Pactual SA subsidiary to create three types of shares that Grupo BTG Pactual...

  • India Bank Consolidation

    Moody's Investors Service's Srikanth Vadlamani explains that consolidation of Indian state banks might create larger risks than benefits.

  • WASHINGTON, June 28- The top U.S. securities regulator on Tuesday proposed a rule intended to ensure that investors are not harmed when asset managers fall on hard times or close up shop. "This is an important part of Chair White's rulemaking agenda for the asset management industry," said David Blass, general counsel for the Investment Company Institute, the...

  • WASHINGTON, June 28- The top U.S. securities regulator on Tuesday proposed a rule intended to ensure that investors are not harmed when asset managers fall on hard times or close up shop. "While an adviser may not always be able to prevent significant disruptions to its operations, advance planning and preparation can help mitigate the effects of such...

  • WASHINGTON, June 28- The top U.S. securities regulator on Tuesday proposed a rule intended to ensure that investors are not harmed when asset managers fall on hard times or close up shop. "While an adviser may not always be able to prevent significant disruptions to its operations, advance planning and preparation can help mitigate the effects of such...

  • WASHINGTON, June 28- The top U.S. securities regulator on Tuesday proposed a rule intended to ensure that investors are not harmed when asset managers fall on hard times or close up shop. "While an adviser may not always be able to prevent significant disruptions to its operations, advance planning and preparation can help mitigate the effects of such...

  • LONDON, June 28- China's central bank, the People's Bank of China, has remained the world's biggest sovereign asset holder, with more than $3.4 trillion on its books, despite suffering a 12 percent slump in the value of its assets in 2015, a new report showed on Tuesday. The annual report- compiled in its third year by the Official Monetary and Financial Institutions...

  • June 28- A former accountant for Gottex Fund Management Holdings Ltd has been criminally charged with embezzling nearly $3.4 million over a four-year period from the Swiss hedge fund firm. Gary Tiffany, 32, was arrested on Monday and charged in a criminal complaint filed in a federal court in Boston with bank fraud, wire fraud and engaging in illegal monetary...

  • Britain's government has scrapped plans to sell stakes in Royal Bank of Scotland and Lloyds Banking Group this year in the wake of the Brexit vote, sources told Reuters.

  • June 27- Ride-sharing service Lyft has hired investment bank Qatalyst Partners, the Wall Street Journal reported on Monday, citing people familiar with the matter. Qatalyst Chairman Frank Quattrone has contacted companies including large automakers about acquiring a stake in Lyft, the Journal said, citing the people. Qatalyst was also Qlogic Corp's...

  • TORONTO, June 27- Extra money pouring into Canada's national pension plan following an agreement to raise premiums should be invested more conservatively than existing funds, Canada's chief actuary said on Monday. Canada's federal government and provinces agreed in principle last week to expand the Canada Pension Plan, raising premiums moderately over...

  • SAO PAULO, June 27- Odebrecht SA has sold a 57 percent stake in a Peruvian toll road project to Brookfield Asset Management Inc, as Latin America's largest engineering firm sheds assets to cope with fallout from a sweeping corruption probe on its home turf. In a statement, Salvador, Brazil- based Odebrecht said the transaction will allow it to keep a 25 percent in the...

  • LONDON, June 27- Britain's government has scrapped plans to sell stakes in Royal Bank of Scotland and Lloyds Banking Group this year in the wake of the Brexit vote, sources said, a decision set to leave a multi-billion pound hole in its finances. However, the market upheaval and economic uncertainty triggered by Britons' vote last Thursday to leave the European...

  • LONDON, June 27- Shares in Britain's top banks suffered further deep losses on Monday as fears about the fallout from Brexit sparked a litany of earnings downgrades and sell-offs by shell-shocked investors. Shareholder anxiety about Britain's decision to quit the European Union escalated despite calls for calm from British finance minister George...

  • TOKYO, June 27- Asian stocks opened weaker and the British pound fell almost 2 percent in early Asian trade on Monday as markets struggled to shake off deep uncertainty sparked by Britain's decision to leave the European Union. Among many questions the British exit, or Brexit, has triggered are just how much UK and European economies will slow, how they will...