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Diversified Financials Capital Markets

  • BOSTON, May 1- Asset manager AllianceBernstein on Monday fired longtime leader Peter Kraus and replaced him with a new chief executive and a new chairman, but offered little explanation for the unexpected change. The firm, majority-owned by France's AXA SA, named JPMorgan Asset Management executive Seth Bernstein as its new CEO and Robert Zoellick, previously...

  • May 1- Union pension fund adviser CtW Investment Group on Monday urged Urban Outfitters Inc's investors to vote against two long-standing directors and said the board's "extreme insularity" contributed to the company's weak performance. CtW recommended voting against the company's two longest-serving members of its nominating and governance committee,...

  • May 1- Union pension fund adviser CtW Investment Group on Monday urged Urban Outfitters Inc's investors to vote against two long-standing directors and said the board's "extreme insularity" contributed to the company's weak performance. CtW recommended voting against the company's two longest-serving members of its nominating and governance committee,...

  • CHICAGO, April 28- BlackRock Inc Chief Executive Officer Larry Fink on Friday sounded another warning on the U.S. economy after the government reported anemic growth in the first quarter. "We're actually decelerating," Fink, whose firm is the world's biggest asset manager, said during a talk at the Morningstar Investment Conference in Chicago.

  • NEW YORK, April 28- Swiss bank UBS AG reported Friday that profits for its Wealth Management Americas business rose 8 percent over last year as higher operating income, client activity and cuts to recruiting offset higher employee pay doled out to top brokers. UBS Wealth Management Americas Chief Executive Tom Naratil's commitment to spend less on recruiting...

  • LONDON, April 28- Bank of America Merrill Lynch and Morgan Stanley joined a chorus of optimism on European equities on Friday, pointing to the strong recovery in corporate profits that is spurring fund inflows into the region. Global sentiment on equities has wavered in recent weeks as economic data from the United States shows signs of softening, though...

  • LONDON, April 28- Bank of America Merrill Lynch and Morgan Stanley joined a chorus of optimism on European equities on Friday, pointing to the strong recovery in corporate profits that is spurring fund inflows into the region. Global sentiment on equities has wavered in recent weeks as economic data from the United States shows signs of softening, though...

  • LONDON, April 28- Bank of America Merrill Lynch and Morgan Stanley joined a chorus of optimism on European equities on Friday, pointing to the strong recovery in corporate profits that is spurring fund inflows into the region. Global sentiment on equities has wavered in recent weeks as economic data from the United States shows signs of softening, though...

  • LONDON, April 28- Bank of America Merrill Lynch and Morgan Stanley joined a chorus of optimism on European equities on Friday, pointing to the strong recovery in corporate profits that is spurring fund inflows into the region. Global sentiment on equities has wavered in recent weeks as economic data from the United States shows signs of softening, though...

  • Kentucky, so far, has come up short. Kentucky declined to explain why the discount kicked in later. To be sure, neither the setbacks nor the promised benefits would have radically changed Kentucky's dire condition as one of the nation's most underfunded public pension funds, with just over $16 billion in assets and a $18 billion funding shortfall.

  • *Profit rise driven by credit cards, UK bank. *To create 1,000 new jobs in UK in operations and technology. The British bank is seeking to press ahead with restructuring plans which have seen it shift towards a transatlantic U.S.- UK focus and an emphasis on investment banking under its American Chief Executive Jes Staley.

  • ZURICH, April 28- A long-awaited turnaround in UBS's wealth management business helped Switzerland's biggest bank deliver its second-best start to a year since the financial crisis, although it struck a cautious tone for the year ahead. This was underscored by Chief Executive Sergio Ermotti in a telephone call with analysts and journalists.

  • *Q1 net profit 1.3 bln Sfr vs 919 mln Reuters poll avg. ZURICH, April 28- A long-awaited turnaround in UBS's wealth management business helped Switzerland's biggest bank deliver its second-best start to a year since the financial crisis. Net new money, an important indicator for future revenue in private banking, came in at 18.6 billion francs at UBS Wealth...

  • ZURICH, April 28- Swiss bank UBS kicked off 2017 with a 79 percent jump in net profit as a brighter outlook boosted its investment bank and client trading in its core wealth management business. Switzerland's biggest bank and the world's largest wealth manager said on Friday net profit for the first three months of 2017 was 1.3 billion Swiss francs.

  • ZURICH, April 28- Swiss bank UBS kicked off 2017 with its second-best start to a year since the financial crisis as a brighter outlook and a spike in trading levels boosted its investment bank and core wealth management business. Switzerland's biggest bank and the world's largest wealth manager said on Friday net profit for the first three months of 2017 rose 79...

  • ZURICH, April 28- Swiss bank UBS kicked off 2017 with a 79 percent jump in net profit as a brighter outlook boosted its investment bank and client trading in its core wealth management business. Switzerland's biggest bank and the world's largest wealth manager said on Friday net profit for the first three months of 2017 was 1.3 billion Swiss francs.

  • NEW YORK, April 27- Options traders are betting that the U.S. technology sector's strong rally has more room to run as big industry names Microsoft Corp, Intel Inc and Google parent Alphabet Inc get set to report quarterly results. With tech companies poised to benefit from the Trump administration's new tax proposals, recent options trading in the Technology...

  • ISLAMABAD, April 27- Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview. Pakistan's benchmark stocks index was one of the world's best performing last year and has returned more than 900 percent since...

  • ISLAMABAD, April 27- Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview. Pakistan's benchmark stocks index was one of the world's best performing last year and has returned more than 900 percent since...

  • ISLAMABAD, April 27- Pakistan's financial regulator is escalating investigations against stockbrokers in a campaign to curb insider trading and illegal leveraging in the stock market, its executive director said in an interview. Pakistan's benchmark stocks index was one of the world's best performing last year and has returned more than 900 percent since...