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Diversified Financials Capital Markets

  • BEIJING, Dec 28- China has suspended registration of private equity asset management plans for securities and futures brokerages for cases where money is lent to property developers or to illegally fund downpayments to buy property, three sources said on Wednesday. The new regulation applies to indirect and direct investment in residential projects in 16...

  • MEDIA- CHINA SEEKS TO CURB BROKERAGE INVESTMENT IN OVERHEATED. --China has proposed suspending registration of private equity asset management plans for securities and futures brokerages if the money is used to lend to property developers, illegally funding downpayments to buy property, a state-owned newspaper said on Tuesday. The proposal would apply to...

  • LONDON, Dec 23- European shares were steady on Friday with the focus on lenders after Deutsche Bank and Credit Suisse settled mortgage securities fraud suits in the United States, and Italy's Monte dei Paschi agreed to a bailout. The STOXX Europe 600 was flat at its close and unchanged for the week, but the index still on track for its best month since October 2015.

  • LONDON, Dec 23- Investment banking deal volumes in Russia rose almost 50 percent in 2016, with domestic advisors leading the charge, but continued sanctions and the economic contraction mean the industry remained a shadow of its former self. According to Thomson Reuters data up to Dec. 14, equity capital market volumes in Russia have more than doubled to $3.1...

  • LONDON, Dec 23- European shares edged up on Friday, buoyed by the banking sector after Deutsche Bank and Credit Suisse settled mortgage securities fraud suits with the United States, and as Italy's Monte dei Paschi agreed to a bailout. The STOXX Europe 600 was up 0.1 percent at 0950 GMT, flat for the week but still set for its best month since October 2015.

  • LONDON/ NEW YORK, Dec 23- For some equity funds and those betting on macroeconomic trends, which together make up a large chunk of the $3 trillion global hedge fund industry's assets, 2016 has been another year to forget. Those coming off worse included London- based Crispin Odey, whose Odey European fund was down around 50 percent by early December, and U.S.-based...

  • Q3 economic growth hurts sentiment in Hong Kong. Dec 23- China stocks fell on Friday morning in listless trade, dragged lower by brokerage and insurance shares, as investors shift their focus toward tougher financial regulation and away from a bond scandal whose risks are fading. Hong Kong equities dipped to five-month low on the last trading day before the...

  • The headquarters of Monte Dei Paschi di Siena bank in Siena.

    More than eight years after the collapse of the global financial system, the Continent's banks are struggling and things may worsen.

  • *Banca Leonardo focusing more on core Italian arm. PARIS, Dec 22- UBS France is to buy the local private banking arm of Italy's Banca Leonardo, the latest instance of consolidation in the private banking industry, which is having to contend with rising regulatory costs and a pressure on fees. UBS France will hold a majority stake in the joint venture and the...

  • BOSTON, Dec 21- Team-based hedge funds lost billions in cash and some of their cachet this year, creating an uncertain future for a strategy that had long been an industry darling. On Tuesday, Blackstone Group LP said it would shut its $1.8 billion Senfina Advisors after losing 24 percent this year. Earlier this year Deimos Asset Management, once associated with...

  • MILAN, Dec 21- Monte dei Paschi di Siena has all but failed to pull off a last-ditch rescue plan and a state bailout for the ailing Italian bank now looks inevitable, sources said on Wednesday. Monte dei Paschi had pinned its hopes on Qatar's sovereign wealth fund investing 1 billion euros in its cash call, but that option is no longer on the table, said the sources...

  • NEW YORK, Dec 21- Impact investments, which support social change while making money, have grown rapidly over the last three years as mainstream institutions such as pension funds and insurance companies have jumped on the bandwagon, a top industry executive said. But the global market, worth at least $77 billion at the end of 2015, has a "long way to go in terms of...

  • NEW YORK, Dec 21- U.S. prosecutors on Wednesday accused a former portfolio manager at New York state's retirement fund, the third largest in the United States, of steering $2 billion in trades to two brokerage firms in exchange for gifts such as cash, drugs and prostitutes. Manhattan federal prosecutors announced charges centered on the New York State Common...

  • The headquarters of Monte Dei Paschi di Siena bank in Siena.

    More than eight years after the collapse of the global financial system, the Continent's banks are struggling — and things may worsen.

  • NEW YORK, Dec 21- U.S. prosecutors on Wednesday accused a former portfolio manager at New York state's retirement fund, the third largest in the United States, of steering $2 billion in trades to at least two brokerage firms in exchange for gifts such as cash, drugs and prostitutes. In the latest case, Navnoor Kang, the former director of fixed income at the New York...

  • *Mark Lyttleton made 35,000 stg from two illegal trades. LONDON, Dec 21- A former star fund manager in the London office of asset manager BlackRock on Wednesday was sentenced to 12 months in jail after pleading guilty to two counts of insider dealing. The Financial Conduct Authority, Britain's markets regulator, said he made a net profit of about 35,000 pounds by...

  • CITADEL PROMOTES SHAWN FAGAN TO GENERAL COUNSEL FOR HEDGE FUND BUSINESS, EFFECTIVE IMMEDIATELY.

  • BOSTON, Dec 20- Prominent technology investor Chris Connor is shutting down his hedge fund less than one year after launching it and will be joining Citadel, one of the industry's biggest players, two sources familiar with the move said on Tuesday. Connor launched Ardmore Global Investors, which concentrated on picking global technology, media and...

  • NEW YORK, Dec 19- Top executives of New York- based hedge fund manager Platinum Partners were arrested on Monday and charged with running a $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Led by Mark Nordlicht, Platinum was known for years for producing exceptionally high returns--...

  • *CQS, Man Group and Brevan Howard see headcount falls. LONDON, Dec 20- The number of senior people registered as working at the 15 largest discretionary hedge funds in Britain fell by 3.5 percent in 2016, one of the toughest for the industry in recent years. These 15 funds together account for roughly $247 billion of a $478 billion industry in Britain and $3.24...