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Capital Markets Asset Management and Custody Banks

  • NEW YORK, April 19- BlackRock Inc, the world's biggest asset manager, on Wednesday reported a 31 percent rise in quarterly profit as investors continued to plow money into its index-tracking funds. BlackRock's net income rose to $862 million, or $5.23 per share, in the first quarter, from $657 million, or $3.92 per share, a year earlier. That beat the $4.89 forecast of...

  • The company ended the quarter with $5.4 trillion in assets under management, up from the preceding quarter, when managed assets totaled $5.1 trillion. BlackRock's net income rose to $862 million, or $5.23 per share, in the first quarter, from $657 million, or $3.92 per share, a year earlier. In the most recent quarter, the asset manager's iShares exchange-traded...

  • April 19- BlackRock Inc, the world's biggest asset manager, reported a 31 percent rise in quarterly profit helped by higher investment advisory fees and securities lending revenue. The company's net income rose to $862 million, or $5.23 per share, in the first quarter, from $657 million, or $3.92 per share, a year earlier. Excluding items, the company earned $5.25 per...

  • TORONTO, April 18- Canada could grow into a thriving market for climate friendly "green bonds" if the federal government meets a campaign pledge to turn to this type of financing. Canada is preparing to spend more than $180 billion over 12 years to support infrastructure, including green infrastructure. "If the government of Canada issued green bonds, that would...

  • NEW YORK, April 18- Bank of America's wealth business reported revenue climbed 3 percent to $4.6 billion in the first quarter this year from last year on higher client assets under management and fees, Bank of America Chief Financial Officer Paul Donofrio said Tuesday. The firm committed to ending its IRA accounts last year in preparation for the U.S. Labor...

  • NEW YORK, April 18- Bank of America's wealth business reported revenue climbed 3 percent to $4.6 billion in the first quarter this year from last year on higher client assets under management and fees, Bank of America Chief Financial Officer Paul Donofrio said Tuesday. The firm was committed to ending its IRA accounts last year in preparation for the U.S. Labor...

  • NEW YORK, April 18- Bank of America's wealth business reported revenue climbed 3 percent to $4.6 billion in the first quarter this year from last year on higher client assets under management and fees, Bank of America Chief Financial Officer Paul Donofrio said Tuesday. The results come amid the backdrop of the bank's decision to break from its wealth management...

  • April 18- Paul Maritz, a technology executive who held senior roles at EMC Corp, Microsoft Corp and VMWare Inc, has joined Warburg Pincus LLC as an industry adviser, the private equity firm announced on Tuesday. Warburg Pincus, which has $44 billion in private equity assets under management, is looking to invest more in machine learning technology, especially as it...

  • JP Morgan shared the view of other top investment banks by stating that the key negative risk for financial markets was the possibility Melenchon could face far-right, National Front leader Marine Le Pen in the May 7 decisive, second-round vote. "Should Melenchon and Le Pen both enter the second round, euro zone equities would likely pull back sharply," JP...

  • *Mobile remains a core focus for the IDG Capital. BEIJING, April 14- IDG Capital, a private equity and venture capital firm, will deploy greater resources and time in companies as they grow, in contrast to some quick exits in the past, Global Chairman Hugo Shong told Reuters in an interview. IDG Capital, which together with China Oceanwide Holdings Group recently...

  • NEW YORK, April 13- BlackRock Inc, the world's largest asset manager, cut total compensation for Chairman and Chief Executive Officer Larry Fink by 1 percent in 2016, according to a filing on Thursday. Fink was awarded $25.5 million in compensation last year, compared with $25.8 million in 2015, based on a calculation of his pay in line with U.S. Securities and...

  • NEW YORK, April 13- BlackRock Inc, the world's largest asset manager, held total compensation for Chairman and Chief Executive Officer Larry Fink nearly flat in 2016, according to a filing on Thursday. Fink was awarded $25.5 million in compensation last year, compared with $25.8 million in 2015, based on a calculation of his pay in line with U.S. Securities and...

  • JOHN PAULSON, AN AIG BOARD MEMBER, LARGE SHAREHOLDER AND HEDGE FUND MANAGER, TO LEAVE BOARD- PROXY.

  • NEW YORK, April 12- JPMorgan Chase& Co's retail brokerage arm, JPMorgan Securities, has hired a team of advisers from its bigger wealth management rival Morgan Stanley, where the team managed $1 billion in client assets, the bank said late Wednesday. Twin brothers Jay and Neil Canell, along with Justin Dembo joined JPMorgan in New York City, where they will operate...

  • LONDON, April 13- Peruvian and Indonesian euro-denominated bonds and Mexican sterling issues are just some of the more esoteric hard-currency issues attracting fund managers with their juicier yields compared with plain-vanilla emerging dollar bonds. Outstanding volumes of euro-denominated emerging market bonds stood at $72 billion last year, up from...

  • LONDON, April 13- Sovereign wealth fund assets all but stalled at $6.59 trillion in the year to March 2017 due to a combination of weak markets, low oil prices and shifts in government policy, a report from research provider Preqin showed. However, hydrocarbon-backed SWFs grew by $60 billion in the 12 months to March 2017, Preqin said, suggesting the worst of the...

  • *Wall Street stocks fall, defensive sectors strongest. Trump, in an interview with the Wall Street Journal, also said he would not label China a currency manipulator. Its just that he may not think now is the right time to brand China a currency manipulator, "said Kathy Lien, managing director, at BK Asset Management in New York.

  • DETROIT, April 12,- Hedge fund manager David Einhorn told Reuters that a key issue in his proxy fight with General Motors Co is the automaker's refusal to allow credit rating agencies to formally rate his plan to restructure GM shares. Einhorn said in an interview that GM has refused to allow Greenlight to present to credit rating agencies its proposal to split GM...

  • April 12- A group of Tesla Inc investors have urged the electric car maker to add two new independent directors who do not have any ties with Chief Executive Elon Musk. The investors also urged that all directors be re-elected annually. California State Teachers Retirement System and Hermes Equity Ownership Services are among the five investment groups...

  • *Gemsstock had closed in June 2016 after raising $800 mln. LONDON, April 11- London- based Gemsstock is seeking to capitalise on strong demand for hedge funds focused on macroeconomic trends as it aims to raise $400 million in fresh capital, documents seen by Reuters showed. Gemsstock had closed to fresh investment in June 2016 after raising $800 million since...