The ECB has selected Blackrock Solutions to provide it with consultancy services for a programme to buy asset-backed securities.» Read More
The reform will impact a wide variety of asset managers, from Blackrock Inc, Fidelity and Vanguard to Charles Schwab Corp, Pimco and Federated Investors Inc.. The two-pronged reform for the $2.6 trillion industry comes after a long battle between the SEC, the industry and federal banking regulators.
Investors are buying up America's farmland through real estate trusts like Farmland Partners to cash in on rising food prices. NYT reports.
The new additions, who joined Deutsche Asset& Wealth Management from BlackRock Inc and TS Capital LLC, are part of a broader expansion effort as Deutsche looks to build out its ETP footprint in the United States. He was formerly a director for BlackRock's iShares sales and distribution strategy team and has spent nearly 15 years covering exchange-traded funds.
The euro has remained stubbornly strong amid a slew of obstacles, and some analysts said the European Central Bank has kept it higher.
Macedonia and South Africa successfully tapped bond markets on July 17, as buyers turned a blind eye to the ongoing Russian bond rout caused by U.S. sanctions and the bringing-down of a passenger plane on its border with Ukraine. And the bank crisis and resulting stock market tumble in Bulgaria made barely a ripple in neighbouring Romania or Hungary.
LONDON, July 17- Political instability and a worsening economic outlook mean major emerging markets such as Argentina, Brazil and Russia are riskier places to invest, according to a closely watched index.
Apple said on Thursday that Susan Wagner, founding partner of BlackRock, had been appointed to its board.
July 17- Apple Inc said Susan Wagner, founding partner of BlackRock Inc, had been appointed to its board. Campbell is chairman of Intuit Inc, the developer of tax-preparation software TurboTax. Besides BlackRock, Wagner also serves on the boards of DSP BlackRock, as well as Swiss Re, Wellesley College and Hackley School.
LONDON, July 17- Investment funds focused on emerging economies or high-yield debt may be unable to return investors' money promptly if turmoil hits markets, the Bank of England's financial stability chief warned on Thursday.
Stocks climbed on Wednesday, with investor sentiment lifted by corporate earnings, deals and better-than-expected data on growth in China.
NEW YORK, July 16- Bank of America Corp agreed to pay the insurer American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities that the bank sold in the run-up to the financial crisis.
Bank results are on a roll, and it's picking up speed. Yet these stocks are starting to look pricey.
BlackRock delivered quarterly earnings that topped analysts' expectations on Wednesday.`
U.S. stock index futures pointed to a higher open on Wall Street ahead of Fed Chair Janet Yellen's second day of testimony.
NEW YORK, July 16- Bank of America agreed to pay American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities sold in the run-up to the financial crisis.
Some of the names on the move ahead of the open.
NEW YORK, July 16- BlackRock Inc, the world's largest money manager, reported an 11 percent jump in second-quarter profit on Wednesday, boosted by strong markets that helped drive flows into its products across asset classes. BlackRock's iShares exchange-traded funds business drove the bulk of the asset manager's long-term net flows during the quarter.
The New York- based asset manager reported net income of $808 million, or $4.72 per share, up from $729 million, or $4.19 per share, a year earlier.
Stocks may respond more to earnings news than the Fed Wednesday, now that Fed Chair Janet Yellen's first day of testimony is out of the way.
July 15- Hewlett-Packard Co interim Chairman and activist investor Ralph Whitworth will step down on Wednesday to focus on his health, the latest top-level departure from the computer maker as it struggles to return to consistent growth.