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Capital Markets Asset Management and Custody Banks

  • **Shares of U.S. asset management company down 6.6 pct at $90.96 and on course for worst one-day performance since last June, when Britain voted to leave the EU. **NTRS misses Q2 profit estimates, hurt by higher compensation expenses that include severance fees. **Q2 revenue in line with Street estimates.

  • *Genoa- base group confirms 2017 guidance. MILAN, July 19- Italian rail-signalling company Ansaldo STS is looking for small acquisitions to offset a sector slowdown though it sees no quick solution to its row with activist funds holding almost a third of the group, its chief executive told Reuters. Owned by U.S. hedge fund manager Paul Singer, Elliott is vocal in...

  • LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision last year to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and the creation of our EU banking presence in...

  • WASHINGTON, July 19- Advocacy groups launched petitions and sent letters on Wednesday urging two of the biggest U.S. public pension funds to divest from an investment fund unless it stops paying one of President Donald Trump's companies to run a New York hotel. Reuters reported on April 26 that public pension funds in at least seven U.S. states periodically send...

  • LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision last year to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and the creation of our EU banking presence in...

  • LONDON, July 19- Asset management company Northern Trust will set up a European Union banking base in Luxembourg following Britain's decision to leave the bloc, the body promoting the Grand Duchy as a financial centre said on Wednesday. "Continental Europe is a strategic area of focus for Northern Trust and the creation of our EU banking presence in Luxembourg...

  • BOSTON, July 18- Fidelity's bets on unicorn companies, the rare private firm or startup that grows in value to at least $1 billion, put a dent in the stellar performance of some of the company's most popular mutual funds during the first half of 2017.. Fidelity disclosed this week, for example, how content-sharing company Pinterest Inc had an outsize impact on the...

  • Cramer's lightning round: I'm all in on this financial with great leadership

    Jim Cramer flies through his take on callers' favorite stocks at lightning speed, including one asset manager.

  • CNBC Mad Money Lightning Round

    Jim Cramer flies through his take on callers' favorite stocks at lightning speed, including one asset manager.

  • NEW YORK, July 18- A fresh setback to U.S. The collapse of his fellow Republicans' push to overhaul or repeal Obamacare in the U.S. Senate again raised doubts in financial markets about Trump's ability to enact tax cuts and infrastructure spending. "The setback for Trump is a setback for the U.S. dollar," said Kathy Lien, managing director at BK Asset Management in New...

  • BOSTON, July 18- Fidelity's bets on unicorn companies, the rare private firm or startup that grows in value to at least $1 billion, put a dent in the stellar performance of some of the company's most popular mutual funds during the first half of 2017.. This week, for example, Boston- based Fidelity Investments showed how content-sharing company Pinterest Inc had an...

  • LONDON, July 18- Banks overtook tech stocks as the most overweight global sector in July, according to a copy of Bank of America Merrill Lynch's fund manager poll seen by Reuters, with' long Nasdaq' deemed the most crowded trade for the third straight month. The survey, which polled 207 asset managers with $586 billion under management, was carried out between July 7...

  • Overall revenue was roughly flat, however, as gains in investing and lending and asset management helped offset the trading slump, and the bank topped Wall Street earnings estimates. Goldman's revenue from trading fixed income, currency and commodities fell to $1.16 billion from $1.93 billion the same quarter a year earlier, when trading activity had surged...

  • BRUSSELS, July 18- The European Union is considering the introduction of new labels to classify green financial products in an attempt to boost investment in the sector as it seeks to take the global lead in the fight against climate change. The European Commission estimates that Europe will need 180 billion euros in additional investment every year in the...

  • MONTEREY, Calif., July 17- The California Public Employees' Retirement System on Monday said it was considering making direct investments in private companies, a potential major shift in strategy that would be the first such action by a U.S. public pension fund. The change, discussed at a meeting of CalPERS board in Monterey, would be closely watched by other U.S....

  • SHANGHAI/ HONG KONG, July 18- Global fund managers are ramping up their presence in China, aiming to be well ahead of next June's inclusion of mainland-listed stocks into MSCI's benchmark index that is set to boost investment into the economy's $8 trillion equity market. Wells Fargo Asset Management, Neuberger Berman, Fidelity International and Robeco are...

  • NEW YORK, July 17- BlackRock Inc's second-quarter results failed to impress Wall Street on Monday as the world's biggest asset manager cut fees to lure a wave of investor cash into its exchange-traded funds, sending shares down more than 3 percent. New York- based BlackRock's largely index-tracking iShares ETFs pulled in a record $74 billion during the most...

  • NEW YORK, July 17- BlackRock Inc Chief Executive Larry Fink on Monday said it will be hard for the United States to reach the 3 percent annual growth target set by President Donald Trump. "The world feels very good," Fink told Reuters from Copenhagen, where his company's board is meeting, citing economic performance in Europe, China, Japan and Canada.

  • NEW YORK, July 17- BlackRock Inc's second-quarter results failed to impress Wall Street on Monday as the world's biggest asset manager cut fees to lure a wave of investor cash into its exchange-traded funds, sending shares down 3 percent. The New York- based company's largely index-tracking iShares ETFs pulled in a record $74 billion during the most recent...

  • BlackRock's financials increased in Q2 but still missed estimates

    CNBC's Leslie Picker reports on asset manager BlackRock's quarterly earnings.