*Allianz forecasts asset management earnings to fall. FRANKFURT, March 14- Management turmoil at Allianz asset manager Pimco is unlikely to threaten the credit standing of Europe's largest insurer, credit rating agency Fitch said on Friday.» Read More
Jason O'Connell, research director at Boston Private Bank, says the asset management business model is "tremendous" due to "terrific cash flow" and "very little balance sheet risk".
Oct 23- Edward Andrews Homes, a single-family homebuilder and land developer, said it has teamed up with the real estate arm of Carlyle Group LP to build single-family homes, a sign of continuing private equity interest in the U.S. property market.
NEW YORK, Oct 22- JPMorgan Chase& Co is nearing an agreement worth close to $6 billion with a group of institutional investors to settle claims over shoddy mortgage-backed securities issued in the run-up to the financial crisis, a source familiar with the talks said.
NEW YORK, Oct 22- JPMorgan Chase& Co is nearing a $6 billion deal with a group of institutional investors to settle claims that the bank sold them substandard mortgage-backed securities in the run-up to the financial crisis, a source familiar with the talks said.
BRASILIA, Oct 22- Brazil's state-run BNDES, the largest development lender in the Americas, is crowding out private-sector banks from corporate credit markets, and the government should phase out financial support for the bank, the Organization for Economic Co-operation and Development said on Tuesday.
*Gjensidige beats forecast, announces special dividend. Norwegian insurer Gjensidige jumped 8 percent after announcing third-quarter earnings that beat forecasts and a surprise special dividend, while Swedbank, Sweden's second largest bank by value, climbed 4 percent after operating profit beat forecasts.
The plan, which would give the SEC more information about the private securities market, aims to offset concerns about lifting an 80- year-old ban on general advertising to allow hedge funds and others to use the Internet, radio or television to reach investors.
NEW YORK, Oct 18- Morgan Stanley, which has made a bigger bet on wealth management than any other major U.S. investment or commercial bank, said third-quarter pretax profit at its wealth unit nearly doubled to $1.9 billion from last year on a 6 percent lift in asset management fees.
NEW YORK, Oct 18- Morgan Stanley's risk-weighted assets related to fixed-income trading fell by 2.7 percent last quarter, Chief Financial Officer Ruth Porat said on Friday. Morgan Stanley is working to shrink some fixed-income trading assets while growing its book of loans, particularly to wealth-management clients.
*Q3 ENI/share 56 cents versus Street view of 55 cents. Oct 17- Blackstone Group LP, the largest publicly listed alternative asset manager, said on Thursday it had nearly $20 billion of its assets in companies that have filed to go public as it seeks to capitalize further on strong capital markets.
*Q3 ENI/share 56 cents versus Street view of 55 cents.
LONDON, Oct 17- Investors increased their allocation to euro zone equities to the highest in more than six years this month as they saw a stronger outlook for the region's economy, a monthly poll of fund managers showed on Thursday.
Oct 17- Blackstone Group LP, the largest publicly listed alternative asset manager, said on Thursday that its third-quarter earnings increased by 3 percent year-on-year as its fee revenue and profits from sales of its holdings rose.
As Twitter races toward the year's most highly anticipated tech offering, memories of Facebook Inc's disappointing 2012 debut threaten the eight-year-old online messaging service's own splashy coming-out party. Like Facebook, Twitter enjoys strong brand recognition, which typically translates to outsized retail investor interest.
Oct 16- Bank of America Corp posted a higher-than-expected quarterly profit on Wednesday as growth in its consumer and wealth management arms underscored the bank's progress in stitching together businesses it picked up in the financial crisis.
Investment firms and big Wall Street banks, including PIMCO, Fidelity Investments, Blackrock Inc, Citigroup Inc and JPMorgan Chase& Co, said they had sold Treasury bonds that expire in the coming weeks, either to protect clients' investment portfolios or their own balance sheets against losses in the event of a U.S. default. 1/ 8 ID: nL1N0HY1JF 3/ 8.
Oct 16- Bank of Montreal on Wednesday promoted Frank Techar to the newly created position of chief operating officer, with responsibility for three of the bank's four main business lines. As chief operating officer, he will also assume responsibility for BMO Harris Bank, the bank's U.S. retail bank, and for BMO's wealth management operations.
Oct 16- BlackRock Inc, the world's largest money manager, said on Wednesday its third-quarter profit rose 15 percent, boosted by strong investor demand for the company's iShares and retail business.
NEW YORK, Oct 16- Clients gave their brokers and bankers at Merrill Lynch Wealth Management and U.S. Trust more money to manage in the third quarter, but revenue at the main wealth businesses of Bank of America Corp fell from the second quarter on reduced trading activity and seasonal lassitude, the bank said Wednesday.