TORONTO, March 13- Toronto-Dominion Bank hopes to expand its U.S. wealth management business, targeting a million people with at least $100,000 in liquid assets who already are customers of its growing U.S. retail bank, said a senior executive of Canada's second-largest lender.» Read More
March 4- Asset manager Legg Mason Inc said it will buy privately held QS Investors, an adviser to institutional clients, to expand its portfolio of investment products. New York- based QS Investors has $4.1 billion assets under management and about $100 billion in assets under advisory, Legg Mason said in a statement on Tuesday.
DUBAI, March 4- Saudi Arabia's NCB Capital has appointed Sarah Al-Suhaimi as its chief executive, the investment bank said on Tuesday, the first time a woman has been named to head an investment bank in the conservative kingdom. NCB Capital, with about $12 billion of assets under management, is a unit of National Commercial Bank, Saudi Arabia's largest bank.
March 4- Asset manager Legg Mason Inc said it will buy privately held QS Investors to expand its portfolio of investment products. New York- based QS Investors has $4.1 billion assets under management and about $100 billion in assets under advisory, Legg Mason said in a statement on Tuesday.
TORONTO, March 4- Bank of Nova Scotia said on Tuesday that its quarterly profit rose 6 percent on higher domestic lending and wealth management income, and it raised its quarterly dividend.
DUBAI, March 4- Saudi Arabia's National Commercial Bank has appointed Sarah Al-Suhaimi as chief executive of its investment banking arm, sources aware of the matter said, the first time a woman has been named to head an investment bank in the conservative kingdom.
March 4- Warren Buffett is seeking to reassure shareholders about how his Berkshire Hathaway Inc will perform in the decades after he steps down or dies, but remains as vague as ever about succession plans. Jeff Immelt, the CEO at General Electric Co, has been unable to get his company's share price anywhere near the heights achieved by his predecessor Jack Welch.
LONDON, March 4- Smaller asset managers and hedge funds will drive an increase in the use of computer-driven equity trading strategies in 2014 as brokerages cut back on the services they offer to less profitable clients, a study shows.
March 3- Mutual fund manager Bruce Berkowitz, founder of Fairholme Capital Management, is pressing the boards of the mortgage-finance giants Fannie Mae and Freddie Mac to let investors have a bigger say in how the companies are run.
Last June, an affiliate of the Chinese e-commerce giant Alibaba made an offer to its hundreds of millions of users: Give us your cash, and we will pay more than Chinese banks wil
The net-long position held by hedge funds and speculators in arabica fell by 16 percent, or 3,859 contracts, to 20,236 contracts at Tuesday's close to finish the week to February 25 at 20,236 contracts, data from the Commodity Futures Trading Commission showed.
NEW YORK, Feb 28- Stocks on Wall Street zoomed to a record high on Friday, shrugging off a revised downward estimate to U.S. growth, while the euro hit its highest level this year after inflation in Europe stabilized, cooling expectations of looser monetary policy.
*Will invest jointly with Canada's OMERS, Japan's DBJ. TOKYO, Feb 28- Japan's public pension fund, the world's largest, reported a 4.73 percent return on investments in the October-December quarter, thanks to gains in Japanese stocks and an increase in the value of its foreign assets due to a weaker yen.
Feb 27- Billionaire hedge fund manager Daniel Loeb is mounting a proxy fight at Sotheby's with the goal of winning three board seats after the auction house's promise to return $450 million to shareholders failed to appease activist investors.
Federal Reserve Chair Janet Yellen offset concerns over tension in Ukraine and Russia. "Markets are showing some relief that monetary policy may remain loose and that the Fed is clearly taking a pragmatic view quarter by quarter," said Lorne Baring, managing director of B Capital Wealth Management in Geneva.
Feb 26- The chief investment officer of Calpers, the largest pension fund in the United States, has died after a battle with cancer, his office said on Wednesday. Joe Dear, diagnosed with prostate cancer last year, had been on leave from the California Public Employees' Retirement System since last month for treatment.
Congress faces a Sept. 30 deadline to renew federal funding for transportation programs, and the Highway Trust Fund that helps pay for road and bridge projects is teetering on insolvency.
Feb 26- Fund managers are getting better, but active fund management is getting worse. Yes, I realize that is a bit like saying improved medical care is causing us to lose more patients, but this is indeed the upshot of new research and it should put investors in a quandary.
Treasury sells $32 billion of 2- year notes. NEW YORK, Feb 25- U.S. Insurance companies and pension funds with extended investment horizons were likely buyers of the 30- year Treasuries, according to rate-strategist Boris Rjavinski at UBS in Stamford, Connecticut.
TORONTO, Feb 25- Bank of Montreal reported higher-than-expected quarterly earnings on Tuesday on strong wealth management and domestic banking profits, and executives said they expect the uneven performance of BMO's U.S. unit to eventually improve.
TORONTO, Feb 25- Bank of Montreal reported higher-than-expected quarterly earnings on Tuesday after a strong performance in its wealth management business and growth in domestic banking profits in spite of worries about a slowing housing market.