Diversified Financials Diversified Financial Services

  • 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.

  • 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.

  • 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.

  • 'Barangaroo coming to reality is very exciting'

    New South Wales Premier Mike Baird, Premier explains why the waterside Barangaroo development will be central to Sydney's economic activity.

  • Pimco headquarters in Newport Beach, California.

    Investors who stayed put in the Pimco Total Return fund that Gross had managed for decades are up 1.7 per cent, the FT reports.

  • Guo Guangchang, Fosun Group chief executive officer and chairman, is interviewed at Bloomberg L.P. Global Headquarters in New York, U.S., on Thursday, April 23, 2015.

    The Hong Kong-listed Fosun group may now have to switch its focus after a series of large acquisitions, the Financial Times reports.

  • BlackRock signage above building entrance in New York.

    BlackRock has bought a "robo-adviser" that crafts automated portfolios in the hope of winning Millennial clients, the FT reports.

  • A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation.

  • Charles Adler, Perry Chen and Yancey Strickler (left to right), founders of Kickstarter

    Anyone can invest in disruptive start-ups, thanks to crowdfunding sites like Kickstarter. It has helped fund blockbusters like Oculus Rift

  • Fred Ehrsam (left) and Brian Armstrong, founders of Coinbase

    With 1.3 million consumer wallets created and 32,000 merchants on board, Coinbase may be the closest thing bitcoin has to a central bank.