GO
Loading...

Enter multiple symbols separated by commas

Capital Markets

More

  • Customers of Banco Madrid, which caters for wealthy people, rushed to empty their accounts after parent group, Andorran lender Banca Privada d' Andorra, was described by the U.S. Department of the Treasury as an "easy vehicle" for criminal gangs in Russia and China to funnel their profits. Banco Madrid had 15,000 clients with assets under management of about 6...

  • SHARM EL-SHEIKH, Egypt, March 13- Qalaa Holdings, one of Egypt's largest investment companies, said on Friday its investment strategy would focus on opportunities presented by reforms in the energy sector. Speaking at an investment conference in the Red Sea resort of Sharm El-Sheikh, Qalaa chairman Ahmed Heikal said he was highly encouraged by the...

  • BRITAIN DISCUSSED PLANS TO JOIN CHINA- BACKED INVESTMENT BANK WITH UNITED STATES BEFOREHAND, SAYS SOMETIMES TAKES DIFFERENT APPROACH TO WASHINGTON- PM CAMERON'S SPOKESMAN.

  • BRITAIN DOESN'T THINK ITS DECISION TO JOIN CHINA- BACKED INVESTMENT BANK WILL DAMAGE ITS TIES WITH THE UNITED STATES- PM CAMERON'S SPOKESMAN.

  • The Voya Corporate Leaders Trust Fund, now run by a unit of Voya Financial Inc bought equal amounts of stock in 30 major U.S. corporations in 1935 and hasn't picked a new stock since. Some of its holdings are unchanged, including DuPont, General Electric, Procter& Gamble and Union Pacific. Others were spun off from or acquired from original components, including...

  • ANDORRA LA VELLA, March 12- The Andorra government dismissed the board of Banca Privada d' Andorra on Thursday, two days after taking control of the lender to investigate U.S. allegations of money laundering. Andorra, a tiny tax haven nestled in the Pyrenees mountains between France and Spain, relies on the banking sector for about 20 percent of gross domestic...

  • SYDNEY/ WILMINGTON, Del., March 12- Australian pension fund giant IFM Investors said it will buy the bankrupt operator of a large Midwest toll road for $5.7 billion including debt, its biggest acquisition and Australia's fourth largest purchase of a U.S. firm. The deal advances Australia's standing in the global race for established infrastructure as pension...

  • *Push into Asia private wealth faces challenge from incumbent UBS. HONG KONG/ LONDON, March 12- Incoming Credit Suisse boss Tidjane Thiam is expected to focus on private banking in Asia while aggressively cutting jobs at its investment bank, as he aims to repeat the success in the region of his old employer, Prudential. Thiam could slash 3,000 jobs from Credit...

  • March 12- The California Public Employees' Retirement System expects to pay 8 percent less to investment firms next year, Bloomberg reported on Wednesday. Calpers, the largest pension fund in the United States, expects to pay fees of $930.7 million to investment firms in the fiscal year beginning July 1, down from over $1 billion this year, Bloomberg said.

  • March 12- The California Public Employees' Retirement System expects to pay 8 percent less to investment firms next year, Bloomberg reported on Wednesday. Calpers, the largest pension fund in the United States, expects to pay fees of $930.7 million to investment firms in the fiscal year beginning July 1, down from over $1 billion this year, Bloomberg said.

  • *Citigroup, Morgan Stanley up after the bell following Fed review. *Shake Shack shares fall after the bell on results. I think many are holding onto the view that if the Fed raises rates, stocks stop in their tracks and reverse, and the bull market ends, "said Bruce Zaro, chief technical strategist at Bolton Global Asset Management in Boston.

  • *Stock funds in Europe outnumber listed stocks. LONDON, March 11- When British investment firm Hargreaves Lansdown compiled a list of the best funds for its clients more than a decade ago, it came up with 150 names. The shrinkage of Hargreaves'' Wealth 150' list is all the more striking because assets in funds for British retail investors have grown two and a half times...

  • LONDON, March 11- Credit Suisse's next chief executive, Tidjane Thiam, could cut almost 3,000 jobs from its investment bank, or 15 percent of staff, as part of a shift of capital away from trading desks to private banking in Asia, analysts said. Credit Suisse said on Tuesday Thiam, the chief executive of UK insurer Prudential, would take over from current CEO Brady...

  • SEOUL, March 11- The second-largest shareholder in Hyundai Motor Co and its two affiliates will vote against the reappointment of some board members who last year approved buying a Seoul property for $10 billion or three times its appraised value, a person with direct knowledge of the matter said on Wednesday. Brain Asset Management, which holds 0.14 percent of...

  • China stocks rise, banks lead; HK shares mixed Wednesday, 11 Mar 2015 | 12:51 AM ET

    *China stocks up on signs of fresh money inflows. SHANGHAI, March 11- China's stock market edged up on Wednesday morning, led by financial shares on signs that fresh money is flowing into blue chips after their recent correction. In addition, the head of China's Ministry of Human Resources and Social Security told a press conference in Beijing on Tuesday that...

  • NEW YORK/ TORONTO March 10- HumakerUBS AG has poached a U.S. team of some 15 oil and gas investment bankers from Bank of Montreal, significantly weakening the energy dealmaking capacity at Canada's fourth-largest bank, people familiar with the matter said. The moves come amid plummeting oil prices that have prompted banks to try to lure talented energy bankers...

  • March 10- KKR& Co LP is in advanced talks to acquire Air Medical Group Holdings Inc in a deal that could value the U.S. helicopter ambulance company at around $2 billion, including debt, according to people familiar with the matter. KKR, a New York- based private equity firm, has prevailed over other buyout firms in the auction for Air Medical and is now in the final...

  • LONDON, March 10- British regulators are looking at whether global agreement is possible on revoking licences of bankers who break rules, Bank of England Governor Mark Carney said on Tuesday. Last year, he suggested that bankers could also be partly paid in performance bonds to reduce risk-taking but lawyers argued it could clash with European Union rules on...

  • *Credit Suisse names Prudential's Tidjane Thiam as new CEO. *Credit Suisse shares rally 7.5 pct. ZURICH/ LONDON/ HONG KONG, March 10- Credit Suisse has swooped on Prudential boss Tidjane Thiam to lead the Swiss bank in a push to manage more of the wealth of Asia's fast growing multi-millionaires' club.

  • *Credit Suisse names Prudential's Tidjane Thiam as new CEO. *Credit Suisse shares rally 7.5 pct. ZURICH/ LONDON/ HONG KONG, March 10- Credit Suisse has swooped on Prudential boss Tidjane Thiam to replace chief executive Brady Dougan- seen to have failed in reforming the Swiss bank fast enough- in order to push into wealth management of a growing multi-millionaires...