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Capital Markets Asset Management and Custody Banks

  • NEW YORK— A hedge fund owner's bid to hold the government responsible for an FBI raid that he says ruined his business was lost Tuesday when a federal appeals court rejected his lawsuit. The 2nd U.S. Circuit Court of Appeals in Manhattan said David Ganek cannot hold federal agents and prosecutors liable for the November 2010 raid that preceded the closure three...

  • A unanimous panel of the 2nd U.S. Circuit Court of Appeals in Manhattan ruled that, even if the Federal Bureau of Investigation did make false statements, it had good cause for a warrant to search the offices of Ganek's Level Global Investors anyway. FBI agents raided Level Global's offices in 2010, after one of its analysts, Spyridon Adondakis, told them he had...

  • ZURICH, Oct 17- Activist investor RBR Capital Advisors sought on Tuesday to rally support for a campaign to break up Credit Suisse, hoping to capitalise on unrest after Switzerland's second-biggest bank lost about a quarter of its value since 2015.. "This is like an ant trying to tackle an elephant," said Marc Halperin, fund manager at Federated Investors, a top-25...

  • *IPO could value unit at 8 bln euros. FRANKFURT, Oct 17- Deutsche Bank has asked banks to pitch for work on an initial public offering of its asset management business that could raise around 2 billion euros, two people close to the matter said on Tuesday. Germany's largest lender said in March it planned to list the asset management arm, which could achieve a total...

  • DOL'S FIDUCIARY RULE' NOT PRIMARY DRIVER' BEHIND RISE IN MORGAN STANLEY'S FEE-BASED WEALTH MANAGEMENT ACCOUNTS- CFO.

  • The bank's wealth management revenue rose 8.7 percent to $4.22 billion- its highest ever, while investment banking revenue rose 12.7 percent to $1.38 billion. "Our third quarter results reflected the stability our wealth management, investment banking and investment management businesses bring when our Sales and Trading business faces a subdued...

  • NEW YORK— Investment bank Morgan Stanley said Tuesday that its third-quarter profits rose 12 percent, as the firm's wealth management arm was able to earn more money despite a slow summer in the markets. Since the financial crisis nearly a decade ago, Morgan Stanley's management has been pushing the firm away from trading, which can ebb and flow with how the...

  • ZURICH, Oct 17- Activist investor RBR Capital Advisors has launched a campaign to break up Credit Suisse, hoping to capitalise on investor unrest after Switzerland's second-biggest bank lost about a quarter of its value since 2015.. RBR, which has been in contact with Credit Suisse's management, wants to divide the company into an investment bank, an asset...

  • ZURICH, Oct 17- Activist investor RBR Capital Advisors has launched a campaign to break up Credit Suisse after building up a small stake in Switzerland's second biggest lender. RBR, which is led by Rudolf Bohli, wants to divide Credit Suisse into an investment bank, an asset management group and a wealth manager accommodating the Zurich- based bank's retail and...

  • Oct 16- Procter& Gamble Co said on Monday that activist hedge fund manager Nelson Peltz had lost his bid to win a seat on the consumer goods company's board by 6.15 million votes, according to its preliminary tally. Peltz, whose Trian Fund Management LP owns a $3.5 billion stake in P&G, has sought a board seat in one of the biggest and most expensive proxy contests ever.

  • NEW YORK, Oct 16- The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after firing co-founder Harvey Weinstein. Co-Chairman Bob Weinstein, Harvey's brother and fellow co-founder, on Friday had denied the firm was seeking to...

  • NEW YORK, Oct 16- The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after the departure of co-founder Harvey Weinstein. Colony Capital, which has about $20 billion in assets under management, will provide an immediate...

  • NEW YORK, Oct 16- The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after the departure of co-founder Harvey Weinstein. Colony Capital, which has about $20 billion in assets under management, will provide an immediate...

  • BOSTON, Oct 16- State Street Corp has drawn praise for its efforts to put more women on corporate boards, notably the "Fearless Girl" statue it placed near Wall Street. Of eight shareholder resolutions on board diversity 2017 at Russell 3000 companies, funds run by the Boston- based custody bank's asset-management arm backed one, opposed four and abstained on three...

  • NEW YORK, Oct 16- The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after the departure of co-founder Harvey Weinstein. Colony Capital, which has about $20 billion in assets under management, will provide an immediate...

  • *Oil rises as fighting escalates in Iraq's oil-rich Kirkuk. The benchmark 10- year Treasury yields jumped after Federal Reserve Chair Janet Yellen reaffirmed the central bank's view on gradual interest rate hike and a stronger-than-expected U.S. business conditions index. Bank Private Client Reserve in Palm Beach, Florida.

  • NEW YORK, Oct 16- The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after the departure of co-founder Harvey Weinstein. Colony Capital, which has about $20 billion in assets under management, will provide an immediate...

  • Oct 16- The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after the departure of co-founder Harvey Weinstein. Colony Capital, which has about $20 billion in assets under management, will provide an immediate capital...

  • Oct 16- U.S. private equity firm Carlyle Group LP and asset manager OppenheimerFunds Inc will form a joint venture to provide wealth management services to rich investors in the United States, the companies said on Monday. Kamal Bhatia, the head of investment solutions for OppenheimerFunds, and Mark Jenkins, the head of global credit for Carlyle, will lead the...

  • It's the third week in a row hedge funds have increased their net long euro positions, suggesting they're gunning for a break above $1.20. It hasn't happened though- the euro hasn't been above $1.20 since Sept. 22, pretty much three weeks ago. But it's struggled to keep a foothold above $1.20, and on Monday was trading below $1.18.