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Diversified Financials Capital Markets

  • LONDON, April 3- Nine years after the beginning of a 45- billion-pound bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world. RBS had a balance sheet of 2.4 trillion pounds in 2008- almost double Britain's annual economic output at the time- having staged a...

  • LONDON, April 3- Nine years after the beginning of a 45- billion-pound bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world. RBS had a balance sheet of 2.4 trillion pounds in 2008- almost double Britain's annual economic output at the time- having staged a...

  • LONDON, April 3- Nine years after the beginning of a 45- billion-pound bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world. RBS had a balance sheet of 2.4 trillion pounds in 2008- almost double Britain's annual economic output at the time- having staged a...

  • LONDON, April 3- Nine years after the beginning of a 45- billion-pound bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world. RBS had a balance sheet of 2.4 trillion pounds in 2008- almost double Britain's annual economic output at the time- having staged a...

  • NEW YORK, March 31- Third Avenue Management and its founder Martin Whitman have reached a $14.25 million settlement of a lawsuit by investors who accused the well-known value investment firm of mismanaging a junk bond mutual fund that collapsed in December 2015. The preliminary all-cash settlement was filed on Friday with the U.S. District Court in Manhattan,...

  • ZURICH, March 31- Credit Suisse is conducting an internal investigation over whether staff breached compliance rules after three of its offices were searched in tax evasion probes, the head of its International Wealth Management division said on Friday. "The investigation will be executed by compliance, it will not be executed by the business," Iqbal Khan, who is...

  • NEW YORK/ BOSTON, March 31- BlackRock Inc's decision to revamp part of its stock-picking business puts further pressure on active U.S. equity managers to cut fees, change products and merge to stem a relentless, 12- year decline in assets. The moves affect about 11 percent of its $275 billion active stock fund business but are a drop in the ocean for the company, the...

  • TORONTO, March 31- Victor Li, co-chairman of Husky Energy Inc and son of one of Asia's richest men, has agreed to acquire Reliance Home Comfort, a Canadian provider of heating and cooling systems, from U.S. investment firm Alinda Capital Partners for C $2.8 billion, Reliance said on Friday. Li's acquisition comes through his CKP Canada vehicle, a unit of Hong Kong...

  • JOHANNESBURG, March 31- Brian Joffe, the founder of South Africa's Bidvest, will list a 2 billion rand investment firm, Long4Life, on the Johannesburg Securities Exchange next week, the firm said in a pre-listing statement on Friday. Joffe will provide 100 million rand of the capital himself and institutional investors will subscribe for the rest before listing...

  • LONDON, March 31- Frontier equity indexes are about to lose two of their biggest and most liquid markets, Pakistan and Argentina, a change that may deepen disenchantment with an asset class where investment flows have stagnated in recent years. If the main index serving these markets loses Pakistan, Argentina and Nigeria, funds could be left with far fewer...

  • "UK M&A activity has started strongly in 2017... foreign exchange made UK companies cheaper, and there is an overarching desire for growth, which is not easy for companies to deliver organically," said Jan Skarbek, head of UK investment banking at Citi. "In this environment, we are likely to continue to see combinations that make strategic sense and enable companies to...

  • NEW YORK, March 30- Hedge fund manager David Einhorn's unusual plan to divide General Motors Co's shares into two classes poses a potential corporate governance minefield for GM board members. Einhorn, who runs New York- based Greenlight Capital, has pledged to fight for it at the company's annual meeting and plans to nominate a slate of directors ready to...

  • Pigeons sit on a traffic light in front of the Morgan Stanley headquarters in New York.

    Deutsche Bank predicts capital markets industry revenue will rise 15 to 20 percent in the first quarter.

  • The state of China's capital markets

    Mark Austen, CEO of ASIFMA, says markets in China have developed at an "unparalleled pace" but there's more to be done to attract capital onshore.

  • Sri Lanka's new model of growth

    Vajira Kulatilaka, chairman of the Colombo Stock Exchange, says Sri Lanka is looking to tourism and logistics as growth drivers.

  • China's minister for clean government has warned businesspeople against colluding with officials for political power, the SCMP reports.

  • China is for globalization in the long run: UBS

    Capital controls aside, China is gradually opening up its capital markets for foreign participation, says Eugene Qian of UBS.

  • 200% guarantee there are no bond disputes: Sri Lanka FinMin

    There won't be any areas of dispute over the country's bond issuance, insists Ravi Karunanayake, finance minister of Sri Lanka.

  • BlackRock signage above building entrance in New York.

    BlackRock planned on Monday to put new pressure on companies to explain themselves on issues including how climate change could affect their business as well as boardroom diversity.

  • A man checks his phone at the entrance of the Singapore Exchange (SGX) headquarters in Singapore, on Thursday, Jan. 19, 2017.

    One of Singapore's most prominent shareholder advocates has renewed his call for the introduction of a dual-class share structure.