BlackRock joined other firms in tweaking its rulebook after encountering the threat of negative yields.» Read More
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
Bank of America directors are supportive of its proposed $16 billion to $17 billion mortgage-securities settlement, according to someone familiar with the matter.
BlackRock tracked 104 Europe IPOs in the first six months of the year, finding 38 deals are trading below their issue price, the FT reports.
Wall Street firms led by Goldman Sachs are close to buying a stake in startup Perzo in pursuit of an alternative to a similar Bloomberg application.
NEW YORK, Aug 1- Trustees involved in JPMorgan Chase& Co's proposed $4.5 billion settlement with investors in money-losing mortgage bonds accepted the bank's offer on Friday for the vast majority of the trusts holding the securities.
Mobileye's shares jumped as much as 58 percent to a high of $39.40 on the New York Stock Exchange, valuing the Israeli company at about $8.4 billion. Mobileye's technology is already used in more than three million vehicles made by BMW AG, General Motors Co and electric car maker Tesla Motors Inc, among others.
FRANKFURT, Aug 1- Allianz is poised to reappoint Michael Diekmann as chief executive in October, investors believe, possibly delaying tough choices on whether Europe's largest insurer expands its global presence or returns more cash to shareholders.
NEW YORK, July 29- Institutional investors, like endowments and sovereign wealth funds, are trading some of their stock futures contracts for exchange-traded funds, an action they say saves them money and effort while providing comparable returns.
"It's not just don't put money in bonds. You need to rethink how you put your money in bonds," BlackRock's chief investment strategist for fixed income says.
WASHINGTON, July 23- U.S. regulators adopted moderate reforms for money market mutual funds on Wednesday, in what amounted to a compromise that aims to balance the need to reduce the risk of runs on the funds while still protecting the product's utility for investors.
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.