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Diversified Financials Capital Markets

  • SAO PAULO, May 10- Brokerage firm XP Investimentos SA, which is discussing a minority stake sale to Brazil's largest bank, is filing for an initial public offering that could be the first listing of an independent broker in Latin America's largest economy. Founder and Chief Executive Officer Guilherme Benchimol, 238 XP partners and U.S. buyout firm General...

  • WASHINGTON, May 10- Barclays PLC will pay more than $97 million to settle civil charges that it overbilled its asset management business clients for tens of millions of dollars, U.S. regulators said on Wednesday. All told, the SEC said that Barclays overbilled customers by about $50 million. Another 63 brokerage clients paid excess mutual fund sales charges...

  • PARIS, May 10- AXA Chief Executive Thomas Buberl plans to overhaul the group's U.S. operations, proposing to float its American life insurance and asset management businesses in 2018 in order to free up capital and pursue takeover targets elsewhere. In the past investors have questioned whether AXA needs to retain two separate asset managers- AXA IM which is...

  • PARIS, May 10- AXA Chief Executive Thomas Buberl plans to overhaul the group's U.S. operations, proposing to float its American life insurance and asset management businesses in the first half of 2018 in order to free up capital. The move could allay some investors' concerns about whether it is necessary for AXA to retain two separate asset managers- AXA IM which is...

  • *Red Kite co-founder: supply of copper scrap grew earlier in year. HONG KONG, May 10- Supply of copper scrap has tightened recently after growing in the first quarter, while disruptions at major mines earlier in 2017 are hitting availability of the metal, the co-founder of metals hedge fund RK Capital Management, said on Wednesday. Some of the disruptions to mine...

  • *China planning trading link with Hong Kong for bond investors. HONG KONG, May 10- China's policymakers plan to open the doors wider than ever to foreign investment in the country's $3 trillion bond market, in part to help shore up the struggling yuan. Foreigners own less than 2 percent of China's $3.3 trillion in outstanding bonds and say getting their cash out of...

  • PARIS, May 10- France's AXA plans to float a minority stake in its life insurance and asset management operations in the United States in the first half of 2018, in order to strengthen its financial position. Gross revenue in life insurance coming from the United States accounted for nearly a quarter of overall results for the activity in 2016, according to...

  • PARIS, May 10- French insurer AXA plans to float its operations in the United States, combining life insurance and asset management, in the first half of 2018, it said on Wednesday.

  • *Red Kite co-founder: supply of copper scrap grew earlier in year. HONG KONG, May 10- Supply of copper scrap has tightened recently after growing in the first quarter, while disruptions at major mines earlier in 2017 are hitting availability of the metal, the co-founder of metals hedge fund RK Capital Management, said on Wednesday. Some of the disruptions to mine...

  • *Red Kite co-founder: supply of copper scrap grew earlier in year. HONG KONG, May 10- Supply of copper scrap has tightened recently after growing in the first quarter, while disruptions at major mines earlier in 2017 are hitting availability of the metal, the co-founder of metals hedge fund RK Capital Management, said on Wednesday. Some of the disruptions to mine...

  • *Asia earnings expectations at more than 3- year highs. "Markets are setting aside the many policy changes seen from the Trump administration and focusing on the improvement in corporate performance and that should support sentiment," said Tai Hui, chief Asia market strategist at JPMorgan Asset Management in Hong Kong. That has helped Asia as well, with 12- month...

  • SHANGHAI, May 10- China's lenders are swapping struggling corporates for more promising retail borrowers- restructuring branches, teams and even overhauling bankers' commissions in an unprecedented push that is fuelling a record jump in home loans. While retail lending also includes credit cards and consumer loans, mortgage lending has been a focus for...

  • May 9- Insurer Sun Life Financial Inc reported a smaller-than-expected profit on Tuesday, hurt by weak growth in its U.S market. Canada's third-biggest life insurer by assets said its underlying net income fell to C $573 million, or 93 Canadian per share, in the first quarter ended March 31, from C $582 million, or 95 Canadian cents per share, a year earlier.

  • May 9- Goldman Sachs Group Inc is best positioned if the Glass-Steagall Act returns, Chief Executive Lloyd Blankfein said in an interview to CNBC on Tuesday. President Donald Trump has been actively considering breaking up big banks, which could push efforts for revival of the Glass-Steagall Act, a Depression-era law that separated commercial lending from...

  • PARIS, May 9- Natixis reported a 40 percent rise in net income for the first quarter on Tuesday, as trading activity at the French bank surged, echoing a similar performance among its peers. "Activity levels in global markets were especially high and our asset management business also attracted renewed net inflow in the USA," Natixis chief executive Laurent Mignon...

  • SHANGHAI, May 9- China's securities watchdog has launched a nation-wide inspection on brokerages' asset management business, sources said on Tuesday, the latest move in China's regulatory crackdown of risky investments and shadow banking. Brokerages, along with trust firms and fund houses, have been used by banks as a channel to guide deposits into risky...

  • PARIS/ LONDON, May 9- European banks are privately warning they will have to shift thousands of people out of Britain if Brexit negotiations push the Bank of England to demand that they reinforce London operations with fresh capital, executives have told Reuters. British regulators have been comfortable with this situation with Britain as part of the EU, but...

  • NEW YORK, May 8- Below is a table listing some of the hedge fund managers who spoke at the Sohn Investment Conference in New York, in order of appearance, and the investment ideas they presented. Debra Fine Fine Long DHX Media Pegged DHX Media's Capital Ltd fair value at Partners LP C $20- C $30. Cited tax efficiency, excellent locations in United States.

  • NEW YORK, May 8- Shares in a real estate developer, a cable company and the Canadian creator of the Teletubbies show all rose on Monday after being promoted at an event in New York where hedge fund managers present a diverse range of investment ideas. Shares in Toronto- listed DHX Media Ltd, which owns rights to popular children's television shows including Bob the...

  • NEW YORK, May 8- Hedge fund investor Keith Meister of Corvex Management LP on Monday kicked off the year's most prominent investment conference by laying out the case for CenturyLink Inc shares, which he believes have an upside of 43 percent. Fine Capital Partners founder Debra Fine said she sees the fair value of DHX Media's shares at C $20 to C $30 and the...