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Diversified Financials Capital Markets

  • *Spot gold may break support at $1,262/ oz- technicals. The Republican-controlled U.S. House of Representatives voted on Monday to go to conference on tax legislation with the Senate, moving Congress another step closer to a final bill. We think the dollar strength is not going to last long, "said Dominic Schnider at UBS Wealth Management in Hong Kong.

  • FRANKFURT, Dec 5- Deutsche Bank plans to rebrand its asset management arm as DWS, the name of its main retail brand, and put a structure in place that gives the group full control even after the unit's planned stock market listing. Germany's largest lender earlier this year said it would list a minority stake in Deutsche Asset Management, which sources say could...

  • BMO's beat follows that of Royal Bank of Canada- Canada's biggest lender- which reported strong growth in its retail banking and wealth management units. Banks benefited from a robust showing by Canada's domestic economy, which has grown at the fastest rate of the G7 group of industrialized nations and strong employment. However, net income attributable to...

  • FRANKFURT, Dec 5- Deutsche Bank plans to rebrand its asset management arm as DWS, the name of its main retail brand, and put a structure in place that gives the group full control even after the unit's planned stock market listing. Germany's largest lender earlier this year said it would list a minority stake in Deutsche Asset Management, which sources say could...

  • FRANKFURT, Dec 5- Deutsche Bank plans to rebrand its asset management arm as DWS, the name of its main retail brand, and put a structure in place that gives the group full control even after the unit's planned stock market listing. Germany's largest lender earlier this year announced plans to list a minority stake in Deutsche Asset Management, which sources say...

  • LONDON, Dec 4- Hedge funds continue to bet on a flatter U.S. yield curve, but they are raising the stakes less and less, suggesting their conviction in the trade is ebbing as the end of the year approaches. The latest data from the Chicago Futures Trading Commission show that speculators may have more confidence, however, in another profitable macro trade of recent...

  • With ten days to go before shareholders cast votes in one of the season's most bitter proxy contests, activist investor Marcato Capital Management took an unusual step by essentially mounting a new contest with a smaller slate of directors. The San Francisco- based hedge fund, which owns 8.5 percent of Deckers, said in a regulatory filing that it was proposing...

  • BOSTON, Dec 4- Fidelity Investments said on Monday some of its clients could not access their accounts on the company's website, the second time in a week that the large online brokerage operator experienced technical issues. "We have learned that some clients are experiencing issues with the website," Fidelity said in a service alert. "We are looking into this...

  • Pension funds, insurance companies and households only have 10-20 percent of their assets in foreign investments and would need to invest up to $26 billion abroad to bring that ratio to "acceptable levels" of 40-50 percent, according to Gamma Capital Management. The foreign asset ratio of other small open European economies is often much higher than Iceland's,...

  • Pension funds, insurance companies and households only have 10-20 percent of their assets in foreign investments and would need to invest up to $26 billion abroad to bring that ratio to "acceptable levels" of 40-50 percent, according to Gamma Capital Management. The foreign asset ratio of other small open European economies is often much higher than Iceland's,...

  • Pension funds, insurance companies and households only have 10-20 percent of their assets in foreign investments and would need to invest up to $26 billion abroad to bring that ratio to "acceptable levels" of 40-50 percent, according to Gamma Capital Management. The foreign asset ratio of other small open European economies is often much higher than Iceland's,...

  • Pension funds, insurance companies and households only have 10-20 percent of their assets in foreign investments and would need to invest up to $26 billion abroad to bring that ratio to "acceptable levels" of 40-50 percent, according to Gamma Capital Management. The foreign asset ratio of other small open European economies is often much higher than Iceland's,...

  • BEIJING, Dec 4- China's Chalco said on Monday eight investors, including state-run asset management firms and insurers, had taken part in a 12.6 billion yuan debt-for-equity swap at four of its business units. Huarongruitong Equity Investment Management Co. Ltd, China Cinda Asset Management Co Ltd, China Life and newly set-up debt-for-equity units under Bank...

  • LONDON, Dec 4- Hedge funds continue to bet on a flatter U.S. yield curve, but they are raising the stakes less and less, suggesting their conviction in the trade is ebbing as the end of the year approaches. The latest data from the Chicago Futures Trading Commission show that speculators may have more confidence, however, in another profitable macro trade of recent...

  • SHANGHAI, Dec 4- China's foreign currency regulator has fined two Chinese asset managers for misusing offshore investment quotas, part of government efforts this year to crack down on illegal forex transactions and ward off systemic risks. In one case, the asset management unit of Haitong Securities Co provided Qualified Domestic Institutional Investor...

  • BOSTON, Dec 1- Paul Tudor Jones, one of Wall Street's most prominent investors, is restructuring his Tudor Investment Corp. by liquidating one portfolio and planning to play a bigger role in managing money at the hedge fund firm he founded nearly four decades ago. Jones' decision to shutter the portfolio was first reported by Bloomberg. On Thursday, Neil Chriss...

  • NEW YORK, Dec 1- In their hunt for yield, some investors have been venturing into offerings as exotic as Tajikistan's sovereign bond or Iraq's first sovereign debt sale without U.S. backing in more than a decade only to find out that even those are pricey and hard to get. Even as emerging markets bonds lost some ground in recent weeks in the secondary market, primary...

  • NEW YORK, Dec 1- In their hunt for yield, some investors have been venturing into offerings as exotic as Tajikistan's sovereign bond or Iraq's first sovereign debt sale without U.S. backing in more than a decade only to find out that even those are pricey and hard to get. Even as emerging markets bonds lost some ground in recent weeks in the secondary market, primary...

  • BOSTON, Nov 30- Hedge fund manager Neil Chriss said on Thursday he is closing his $2.2 billion firm Hutchin Hill Capital LP after three years of poor performance. "We fought hard, but did not deliver the performance that you expected from us," Chriss wrote in the letter dated Nov. 30 and seen by Reuters on Thursday. One-time stars Eric Mindich and Richard Perry made...

  • Smaller banks, like their bigger Wall Street rivals, have aggressively cut costs since the 2008 financial crisis and trusted ultra-low interest rates to increase loan volumes. Fifth Third Bancorp Chief Financial Officer Tayfun Tuzun told Reuters that he was not seeking to compete with Morgan Stanley, Goldman Sachs or other Wall Street firms who dominate...