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  • *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.

  • Europe isn't a free and fair market for financial services: CEO

    Dominic Johnson, CEO of Somerset Capital Management and chairman of New City Initiative, explains the difficulties of launching a fund in Europe.

  • June 13- New York state's employees' retirement fund earned a return on investment of just 0.19 percent in fiscal 2016, it said on Monday, its worst showing since the U.S. recession ended in 2009 and a worrying indicator for other funds. The fund's value also dropped for the first time in seven years to $178.1 billion as it paid out $10.9 billion in benefits during...

  • DUBAI, May 25- Saudi Arabia may need to change its currency's peg to the U.S. dollar if economic conditions shift, researchers at the Saudi central bank suggested in a paper that could shape debate among policymakers as the kingdom grapples with low oil prices. But the collapse of oil prices since 2014, which created a $100 billion state budget deficit, has fueled...

  • *CPPIB's global head Mark Machin to become CEO. TORONTO/ NEW YORK, May 19- Canada Pension Plan Investment Board's Chief Executive Mark Wiseman will leave to become the top executive overseeing BlackRock's stock-picking investors and funds, the firms said on Thursday. He has overseen investments including the $12 billion acquisition of GE Capital's private...

  • TORONTO, May 19- Canada Pension Plan Investment Board's Chief Executive Mark Wiseman will step down to take up a role with BlackRock, the world's biggest asset manager, CPPIB said on Thursday. Wiseman will be replaced by Mark Machin, who heads the fund's international operations. "I am pleased to assume the helm at a time when CPPIB is playing an increasingly...

  • SHANGHAI/ BEIJING, May 16- China's central bank is investigating the accuracy of non-performing loans data at banks, people with direct knowledge of the matter told Reuters on Monday, underlining policymakers' concerns about rising debt in the country. The People's Bank of China is looking into whether banks' asset quality is appropriately categorised and if...

  • *Q1 pretax profit $6.1 bln vs $4.3 bln avg expected by analysts. HONG KONG, May 3- HSBC reported a smaller-than-expected 14 percent drop in quarterly profit, as a surge in revenue at its commercial banking unit partly offset the weak trading business caused by the grim global market environment early in the year. HSBC reported on Tuesday a pretax profit of $6.1...

  • DUBAI, May 1- Stock markets in the Gulf were mixed in early trade on Sunday with Saudi Arabia's bourse buoyed by commodity-related shares while banks weighed on United Arab Emirates indexes. Saudi Basic Industries added 1.2 percent; Abdullah bin Mohammed al-Issa, a board member of Saudi Basic Industries, will also join Ma'aden's board. Heavyweight First Gulf...

  • BRIEF-LSE GROUP COMMENTS AT AGM ON DEAL WITH DEUTSCHE BOERSE@. April 27- London Stock Exchange Group Plc. *Group agreed disposal of Frank Russell Company's investment management business for gross proceeds of $1,150 m.

  • NEW YORK, March 30- Jeffrey Gundlach's DoubleLine Capital scaled back exposure in emerging market debt as the sector extended its rally a day after Federal Reserve Chair Janet Yellen signaled a slower path for interest rate hikes. Yellen, in an address at the Economic Club of New York on Tuesday, cited risks to the U.S. economy from global and financial...

  • James Bullard

    The nation's megabanks need to be split up like the old AT&T monopoly in order to foster innovation, St. Louis Fed President Jim Bullard tells CNBC.

  • *Pressures greatest in Bahrain, Oman, much less in UAE. *Lack of data in Bahrain adds to jitters. DUBAI, Feb 25- U.S. dollars are becoming more difficult and expensive to obtain in Gulf money markets since Standard& Poor's sharply downgraded the sovereign credit ratings of three of the region's oil exporters last week, bankers say.

  • Feb 19- Standard& Poor's on Friday left intact its "AA" credit ratings for Warren Buffett's Berkshire Hathaway Inc, saying the company's diversification and "modest" financial risk justify the high grade. Berkshire had been put on review on Aug. 11 for a possible downgrade on concern about Buffett's decision to deploy a large amount of cash toward the $32 billion...

  • BEIJING, Feb 19- China's central bank has reversed preferential reserve requirement ratio cuts for banks that had failed to support certain sectors of the economy as a condition of the more accommodative monetary policy. The People's Bank of China said in a statement on its website it had examined banks' implementations of targeted RRR cuts announced last...

  • NEW YORK, Feb 3- DoubleLine Capital, overseen by widely followed investor Jeffrey Gundlach, said on Wednesday it posted a net inflow of $1.95 billion in January, marking the firm's 24th consecutive month of inflows. The DoubleLine Total Return Bond Fund, the firm's largest fund by total assets, had a net inflow of $1.67 billion in January. The DoubleLine Core Fixed...

  • Who is in a strong position to capitalize on fintech in China

    Wendy Huang, from Macquarie, identifies the pros and cons of the Fintech investments made by the big internet giants Baidu, Alibaba and Tencent.

  • PIMCO headquarters building in Newport Beach, Calif.

    Former UK PM Gordon Brown has become an adviser to Pimco, his first major role in the private sector, the FT reports.

  • What you need to know before you invest in Square

    Adyen President Kamran Zaki explains how the financial services company faces a crowded market.

  • China's wealthy are moving to the U.S. in rising numbers. This banking start-up hopes to capitalize on the migration.