Diversified Financials Diversified Financial Services

  • LONDON, Dec 2- Emerging equities fell more than 1 percent on Friday and currencies weakened after strong U.S. data raised the spectre of faster U.S. Federal Reserve rate rises, while South African markets were jittery before a sovereign debt ratings review. "The risk is that a strong print in the payrolls may firm the hand of the Fed," said Cristian Maggio, head of...

  • TORONTO, Nov 18- Canada's main stock index rose on Friday, closing out a strong week with boosts from energy and banking stocks as oil prices moved higher and investors reacted to rising bond yields. The Toronto Stock Exchange's S&P/TSX composite index settled up 37.94 points, or 0.26 percent, at 14,864.03, with the energy group finishing up 1.1 percent and...

  • Nov 14- Nasdaq Inc said on Monday that its long-time chief executive Robert Greifeld would retire and that Adena Friedman, president and chief operating officer, would become CEO as of Jan. 1. Greifeld, 59, has headed the trans- Atlantic stock exchange operator since 2003 and wrote his graduate thesis on the operation of the exchange. Under Greifeld, Nasdaq grew...

  • Yale University buildings, New Haven, CT

    Yale's David F. Swensen, is an endowment management legend. His investing strategy has turned school's endowment into a powerhouse, The NYT reports.

  • BEIJING, Nov 6- China has set up a 10 billion euro investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China said in a statement issued on Sunday. While targeting Central and Eastern Europe, it could extend to the rest of Europe and other regions if relevant to China- Central and Eastern Europe co-operation, it said.

  • HONG KONG, Nov 4- National Bank of Canada has issued a 3.5 billion yuan panda bond, the first North American financial institution to do so, after Beijing approved its 5 billion yuan bond program in September. Panda bonds, or yuan-denominated bonds sold by foreigners on the mainland, were first issued in 2005 but Canadian issuers have had little need for yuan...

  • What to make of Visa's conservative 2017 guidance ***please hold off, needs to be patched***

    Visa delivered strong results but is cautious ahead of slowing global growth and political uncertainty, says The Motley Fool's Asit Sharma.

  • This analyst has a $98 price target on Visa

    Visa's acquisition of Visa Europe will boost margins, ultimately yielding a multiples expansion, says Susquehanna Financial Group's James Friedman.

  • Visa had a strong quarter: Expert

    Visa beat on revenue and EPS but concerns over its Visa Europe arm put pressure on its stock, says Compass Point Research & Trading's John Williams.

  • NEW YORK, Oct 4- Jeffrey Gundlach's DoubleLine posted a net inflow of $444.4 million into its open-end mutual funds in September, marking the Los Angeles- based firm's 32nd consecutive month of inflows. The $61.8 billion DoubleLine Total Return Bond Fund, the largest fund by total assets of the DoubleLine Funds, had a net inflow of $190.9 million in September, for a...

  • Fintech O2O

    Fintech helps to make banking transactions and asset management more efficient and accessible, says Nexchange Chief Strategy Officer Andrew Economos.

  • What the WFC fallout means for banks

    Edward Mills, FBR Capital Markets Senior Financial Policy Analyst, discusses the regulatory implications for the banking industry following the investigation into the Wells Fargo fraudulent accounts scandal.

  • MONACO, Sept 12- Global reinsurance firms gathered in Monaco are hopeful premiums will stabilise in the coming year, although they expect competition to remain tough and returns low. That has put pressure on profits and prompted insurance companies- many of which are also in Monte Carlo this week to fix deals- to keep more risk, and profit, on their own books.

  • PNC Bank branch

    Shares of PNC Financial Services Group, off nearly 7 percent this year through Tuesday, are too cheap according to Keefe, Bruyette & Woods.

  • ZURICH, Aug 30- Switzerland's central bank now owns more publicly-traded shares in Facebook than Mark Zuckerberg, part of a mushrooming stock portfolio that is likely to grow yet further. Nevertheless this example illustrates how the Swiss National Bank has become a multi-billion-dollar equity investor due to its campaign to hold down the Swiss franc.

  • Launched in 2014 by an acolyte of SAC Capital Advisors founder Steven A. Cohen, Folger Hill was one of the most prominent hedge funds to come on the scene. Kumin raised about $1.1 billion by telling investors its diverse array of stock market bets through talented managers meant Folger Hill would perform well in good markets and bad. As of mid-August, Folger Hill's...

  • Launched in 2014 by an acolyte of SAC Capital Advisors founder Steven A. Cohen, Folger Hill was one of the most prominent hedge funds to come on the scene. Kumin raised about $1.1 billion by telling investors its diverse array of stock market bets through talented managers meant Folger Hill would perform well in good markets and bad. As of mid-August, Folger Hill's...

  • TORONTO, Aug 19- Canada's main stock index closed a fraction lower on Friday as investors awaited bank earnings and more talk from the U.S. Toronto Stock Exchange's S&P/TSX composite index closed down 8.22 points, or 0.06 percent, at 14,687.46. Canada's biggest banks report third-quarter earnings starting with Bank of Montreal next Tuesday followed by Royal...

  • LONDON, Aug 16- Banks in Britain are on the verge of a price war to try to revive lending subdued by the Brexit vote and to combat pressures on profitability from ultra-low interest rates, which are likely to stay that way for longer. HSBC, Lloyds Banking Group, Barclays, Royal Bank of Scotland and smaller rivals have all rolled out new lending pushes since Britain...

  • TORONTO, Aug 11- The Canada Pension Plan Investment Board warned on Thursday of more uncertainty following Britain's decision to leave the European Union after the vote curbed gains in its investments during the last quarter. The CPPIB, which manages Canada's national pension fund, on Tuesday reported gross investment returns of 1.5 percent in the first...