Stock lending can help ETFs generate extra income. But some managers, like BlackRock, pocket a big chunk of those fees for themselves.» Read More
BOSTON, April 7- Harvard University said on Monday it adopted a set of environmental and social investing principles backed by the United Nations for its huge endowment fund, a move that could add pressure on companies in its portfolio to make more disclosures on areas like carbon emissions.
Arledge himself acknowledged on Wednesday that BNY Mellon is only in the early stages of a two-pronged strategy to gather assets from individual retail investors, but he pledged that the strategy will show tangible progress by this summer.
SINGAPORE, March 25- Rising U.S. interest rates and the Federal Reserve winding down economic stimulus mean investors in Southeast Asian bonds must anticipate near-term jitters and increased yields, said the Asia-Pacific head of fixed income at State Street Global Advisors.
Only Zions Bancorporation, a Salt Lake City, Utah- based lender with $56.0 billion in assets, would be left with a regulatory capital ratio beneath the Fed's 5.0 percent minimum under the exercise. M&T Bank Corp 5.9 Bank of America Corp 6.0. Morgan Stanley 6.1 Ally Financial Inc 6.3.
March 12- The Federal Reserve Bank of New York looked at whether a key foreign-exchange benchmark was subject to manipulation in 2012 but did not pursue any public action, the Wall Street Journal reported, citing people familiar with the matter.
The "Fast Money" traders share their final trades of the day.
LONDON, March 5- The Bank of England revealed on Wednesday that allegations of rigging of world currency markets had been flagged as far back as mid-2006 as it suspended a staff member as part of a probe into what it knew about the alleged manipulation.
LONDON, March 5- The Bank of England suspended a staff member on Wednesday as part of a probe into what it knew about alleged manipulation of world currency markets and revealed that rigging allegations had been flagged as far back as mid-2006.
Eight of the nation's largest banks will begin using their own models and systems to calculate the amount of capital they need to set aside.
Green bonds have taken off over the last year, with more than $10 billion issued in 2013 alone and $25 billion expected in 2014.
NEW YORK, Feb 4- As investigations into alleged manipulation of the global foreign exchange market advance, class actions against the world's biggest banks are piling up, exposing the banks to potentially billions of dollars in damages.
Britain's financial watchdog fined State Street U.K. 22.9 million pounds ($38 million) for deliberately overcharging its clients.
Jan 30- Invesco Ltd said on Thursday its fourth-quarter profit jumped 81 percent, boosted by strong markets and the sale of its Atlantic Trust Private Wealth Management unit. Excluding the sale of its Atlantic Trust unit, which Invesco sold to the Canadian Imperial Bank of Commerce for $210 million, the company earned 58 cents per share.
Jan 24- Shares in State Street Corp fell on Friday after the world's second-largest standalone custody bank reported operating results below expectations and said it could face rising regulatory costs.
Friday's midday movers:
U.S. stock prices could continue to correct, but it's too soon to say whether this is the big one.
Jan 24- State Street Corp, the world's second-largest standalone custody bank, said fourth-quarter profit rose 17 percent as its asset servicing business got a boost from stronger global stock markets. Net income rose to $545 million, or $1.22 per share, from $468 million, or $1.00 per share, a year earlier.
Net income rose to $545 million, or $1.22 per share, from $468 million, or $1.00 per share, a year earlier.
LONDON, Jan 16- The Bank of England discussed with top London currency dealers their process for setting foreign exchange rates more than a year before a global investigation into alleged manipulation, according to a document provided to Reuters by the bank.
LONDON Jan 15- Bank of England representatives discussed the process of setting foreign exchange benchmarks with senior currency dealers at major investment banks in April 2012, more than a year before regulators launched official probes into alleged rate manipulation, according to a Freedom of Information Request made by Reuters.