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Capital Markets Asset Management and Custody Banks

  • Expect the Fed to continue to raise interest rates next year and should see more than the market is currently pricing, "said Nick D'Onofrio, managing partner at North Asset Management, a hedge fund in London. President Donald Trump's tax cut plans and other economic agenda may be harder to push through following Tuesday's victory for Democrat Doug Jones in the...

  • Dec 12- Canadian asset manager Desjardins Group is partnering with five credit union centrals and insurer Cumis Group to form a wealth management firm with about C $55 billion in assets under management. The new entity, Aviso Wealth, will be equally owned by Desjardins and a partnership between the credit union centrals and Cumis, according to a joint statement...

  • LONDON, Dec 12- A former technology portfolio manager at BlackRock, William de Gale, will launch a fund with Swiss-based BlueBox Wealth Management with a focus on smaller, less prominent firms. De Gale was one of the best-performing technology fund managers in the world when he left BlackRock in May after nine years in charge of the BGF World Technology Fund,...

  • LONDON, Dec 12- The British Labour Party's would-be finance minister, John McDonnell, has accepted an invitation for talks at the Wall Street bank Goldman Sachs as it seeks better relations with a political party whose leaders have pilloried bankers. Banks in London had hardly bothered to court Labour since 2015, when it elected the leftist Jeremy Corbyn as its...

  • BERLIN— An international summit Tuesday to mark the second anniversary of the Paris climate agreement has drawn world leaders, celebrities, companies and environmental groups to the French capital, all aiming to keep up momentum on efforts to curb global warming. Here are some of the major announcements and plans being considered at the Paris summit:.

  • Closely-held Vanguard, the top mutual fund firm with nearly $5 trillion under management, has successfully tested blockchain to automatically update data like the names and share prices of companies in index funds, processes that must currently be closely overseen by individuals, said Warren Pennington, a principal in Vanguard's investment management...

  • * "One Planet" summit on climate finance underway in Paris. BRUSSELS, Dec 12- The European Commission could lower capital requirements for environmentally-friendly investments by banks in a bid to boost the green economy and counter climate change, the EU executive's vice president said on Tuesday. The Commission, which is in charge of proposing laws at EU level,...

  • PARIS— The Latest on the climate summit taking place in Paris:. Speaking with The Associated Press at a global climate summit Tuesday in Paris, Brown said "the rest of the world is very serious about climate change. Speaking at the climate summit outside Paris, Jim Yong Kim said Tuesday the World Bank will cease financing exploration and extraction projects after...

  • Two years to the day since 195 governments adopted the Paris climate agreement, investors including Pacific Investment Management Co, Amundi, Legal& General Investment Management, Northern Trust and Aegon said they aimed to work with the 100 biggest polluting companies to curb emissions under a five-year plan. "We will be asking companies... to curb emissions...

  • OSLO, Dec 12- Storebrand, Norway's biggest private pension fund, launched a $1.3 billion fossil-fuel-free bond program on Tuesday and urged investors to do more to curb climate change. "We're building a track record in managing these low-carbon solutions," Jan Erik Saugestad, CEO of Storebrand Asset Management, told Reuters, saying they were also reducing...

  • LONDON, Dec 11- Hedge fund managers have started to take profits from the big rise in crude oil and refined products prices since June now the rally has lost momentum and inventories are showing signs of stabilising. Portfolio managers cut their combined net long position in the five major futures and options contracts linked to petroleum prices by the...

  • LONDON, Dec 11- Sterling steadied on Monday after posting its biggest daily drop in more than a month on Friday, with investors cautiously adding some long bets at the start of a week when Britain and the EU will sign off on a deal to move to the next stage of Brexit talks. Sentiment on sterling has improved slightly and investors have become a tad more hopeful for the...

  • NEW YORK/ SYDNEY/ LONDON, Dec 11- Newly launched bitcoin futures indicated on Monday that financial markets expect the cryptocurrency to climb further but at a far slower rate than in recent weeks as warnings of a bubble grew. The one-month bitcoin contract opened at 6 pm local time on Sunday at $15,460, dipped briefly before rising to a high of $18,700 and then...

  • LONDON, Dec 11- Hedge fund managers have started to take profits from the big rise in crude oil and refined products prices since June now the rally has lost momentum and inventories are showing signs of stabilising. Portfolio managers cut their combined net long position in the five major futures and options contracts linked to petroleum prices by the...

  • NEW YORK/ SYDNEY/ LONDON, Dec 11- Bitcoin futures eased back from an initial surge of almost 22 percent to trade up 13 percent on Monday, in an eagerly awaited U.S. market debut that backers hope will confer greater legitimacy on the volatile cryptocurrency and lead to its wider use. As of 1112 GMT the one-month future was up 13 percent from the open at $17,450, around...

  • SHANGHAI, Dec 11- China stocks rallied on Monday, led by consumer and healthcare firms, after Beijing said it will "fully" consider the possible impact on banks and markets before finalising its new asset management rules. *Around the region, MSCI's Asia ex- Japan stock index was firmer by 0.56 percent while Japan's Nikkei index closed up 0.56 percent.

  • The price of bitcoin has been soaring this year, and last week alone it jumped from $11,000 to well over $17,000, according to Coindesk. It started the year below $1,000. "We saw this in the 1990 s," says Barry Ritholtz, chairman and chief investment officer of Ritholtz Wealth Management.

  • Guangxi, Jiangxi, Hainan, Inner Mongolia, Hubei, Shaanxi, Tianjin, Hebei, Liaoning, Jilin, Qinghai, Heilongjiang and the Xinjiang Production and Construction Corps can all pay less than one year's worth of pensions to workers covered under the respective funds, the official Beijing News reported, citing China's 2016 Social Security Development Annual Report.

  • Guangxi, Jiangxi, Hainan, Inner Mongolia, Hubei, Shaanxi, Tianjin, Hebei, Liaoning, Jilin, Qinghai, Heilongjiang and the Xinjiang Production and Construction Corps can all pay less than one year's worth of pensions to workers covered under the respective funds, the official Beijing News reported, citing China's 2016 Social Security Development Annual Report.

  • Dec 7- New York state Comptroller Thomas DiNapoli is asking Wells Fargo& Co to disclose more information about employee incentive pay, an issue that was at the heart of a scandal that has roiled the third-largest U.S. lender for more than a year. DiNapoli oversees the New York State Common Retirement Fund, the third largest U.S. state pension fund with more than $200...