NEW YORK, March 14- Berkshire Hathaway chairman and chief executive Warren Buffett said on Friday that his firm had eliminated most of its catastrophe insurance business in the United States.» Read More
Fund managers used to be able to charge high fees even if their mutual funds underperformed markets, but now they need to find new ways to win back investors who have piled out of traditional actively-managed funds in a big way over the past decade, research from HSBC shows.
Choosing an adviser could be the most important financial decision you make in your lifetime, so be thorough and smart.
Singapore investment fund Temasek has sounded out potential buyers for its £6 billion stake in Standard Chartered, potentially reigniting talk of a takeover of the emerging markets bank, The Financial Times reports.
Julian Roberts, CEO, Old Mutual says sales in the company's emerging markets business grew 12% in the first half of 2012.
So the inventor of the financial superstore has finally turned against his creation.
Shawn Matthews, CEO, Cantor Fitzgerald says the next 3-5 years are an opportunity to significantly grow its business on a global basis. He adds it is looking to expand its capital markets, fixed income and equity businesses in Europe.
Banks are only lending money to those who don't need it, a trend that likely will be exacerbated by the recent JPMorgan Chase big trading loss, real estate magnate Donald Trump said.
Wedding insurance has become an increasingly popular option after several high-profile instances of severe weather disrupted bridal plans last year. A shaky economic climate has also fueled interest in the policies.
Like shifting sands, financial markets are rapidly realigning, and that trend will be the thing to watch Thursday, when inflation data and the latest jobless claims are released.
The Fed sounded the all clear for most major U.S. banks, and its stress test results could be positive for stocks Wednesday, even though four of the 19 institutions failed.
The management of UK-based Prudential has made no decision on whether to relocate outside of the European Union but is watching with apprehension Brussels' plans to introduce new regulation for insurers, CEO Tidjane Thiam told CNBC.
Hedge funds are cranking up their bets in equities and credit in 2012's buoyant markets in the belief that the euro zone, U.S. and Chinese economies will fare better than many were fearing last year.
Last year's hedge fund losers may be turning into winners again. Several of the largest hedge funds that ended last year deep in the red, jumped to good starts in January, giving their wealthy investors reason to believe savvy traders are getting back their magic touch.
What’s behind the recent rally in financial stocks? An era of good feeling, Jim Cramer said on “Squawk on the Street.”
Banks are the key to fixing Europe's ongoing economic crisis, and they must be helped to lend while recapitalization of European financial institutions takes place early next year, analysts said on Tuesday.
UK Prime Minister David Cameron on Monday defended his decision to veto European Union treaty changes at last week's summit of EU leaders, saying he was faced with a choice of treaty change without safeguards for Britain, or no treaty.
Latvia's largest bank is scrambling to contain a run among depositors gripped by fears of the bank's imminent collapse.
Markets and governments face an uphill struggle to fund themselves next year amid extreme uncertainty over the eurozone and the global economy, as new figures reveal that the borrowing of industrialised governments has surged beyond $10tr this year and is forecast to grow further in 2012. The Financial Times reports.
British Prime Minister David Cameron is facing criticisms of leaving the UK isolated after he said he would not agree to a new European Union treaty.
US lenders pushing short-term loans that charge up to 5,000 per cent interest per year are targeting low-income UK borrowers abandoned by high street banks. The Financial Times reports.