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April 29, 2021

Investment Management & Fund Operators (TRBC level 4)

BlackRock quarterly profit beats estimates as assets rise over $9 trln

Reuters
FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo (Reuters) -BlackRock Inc, the world’s largest asset manager, reported first-quarter profit ahead of Wall Street estimates as strong capital markets helped attract more money to its diverse funds. The......

Goldman Sachs profit soars on global deals frenzy, trading boom

Reuters
(Reuters) – Goldman Sachs Group Inc surged past Wall Street expectations for first-quarter profit on Wednesday, as the U.S. investment banking giant capitalized on record levels of global dealmaking and a coronavirus-driven boom in equity trading. An unprecedented boom in private firms merging with listed shell companies to go public......

India’s second wave of coronavirus poses credit-negative threat – Moody’s

Reuters
BENGALURU (Reuters) – A second wave of coronavirus infections in India and new restrictions imposed to contain the surge pose a credit-negative threat and risks weakening the country’s economic recovery, Moody’s Investors Service said. FILE PHOTO: People walk at a crowded market amidst the spread of the coronavirus disease (COVID-19),......

UK investors expand anti-slavery push to construction, materials sectors

Reuters
LONDON (Reuters) – A UK investor coalition that presses companies to unearth modern-day slavery in their supply chains said on Monday it was going to expand its campaign into the construction and materials sectors. FILE PHOTO: Construction workers are seen working at a site in London, following the outbreak of......

Swiss watchdog asked Credit Suisse on Greensill risks: SonntagsZeitung

Reuters
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann//File Photo/File Photo ZURICH (Reuters) – The head of Switzerland’s financial regulator FINMA questioned Credit Suisse over risks in its dealings with now-insolvent finance firm Greensill Capital “months” before......

Big $40 million options trade bets on near-term stock market tumble

Reuters
NEW YORK, April 8 (Reuters) – A massive trade in the U.S. options market on Thursday appears to be betting that the calm enveloping U.S. stocks in recent weeks will give way to a big rise in volatility over the next three months. One or more traders laid out a......

Breakingviews – Capital Calls – KPN’s buyout window gets narrower

Reuters
The KPN logo is seen at its headquarters in Rotterdam, Netherlands, January 30, 2019. LONDON (Reuters Breakingviews) – DUTCH COURAGE. Buyout barons eyeing up KPN are having to contemplate an increasingly narrow door. The Dutch telecom firm’s shares have risen nearly a third since October, when Bloomberg first reported that......

Breakingviews – Capital Calls – Jean Raby exit leaves Natixis ruing M&A dreams

Reuters
The Natixis logo is seen on a building in Charenton-le-Pont near Paris, France, April 29, 2020. LONDON (Reuters Breakingviews) – DAMP SQUIB. Natixis boss Nicolas Namias will be left ruing what might have been. On Tuesday the $15 billion French bank announced the exit of Jean Raby, who ran its......

Climate change protesters break windows at Barclays London HQ

Reuters
LONDON (Reuters) – Protesters against climate change broke windows at the London headquarters of Barclays in the Canary Wharf business district on Wednesday. The activists from the Extinction Rebellion group carried placards with slogans such as “Better Broken Windows than Broken Promises” and pasted the message “In Case of Climate......

‘Millionaires tax’ threat has some NY bankers, managers eyeing exits

Reuters
BOSTON (Reuters) – For decades New York’s bankers and fund managers have accepted the city’s high tax rates as a part of working in the world’s premier financial capital. FILE PHOTO: A woman walks past JPMorgan Chase & Co’s international headquarters on Park Avenue in New York July 13, 2012.......

‘Millionaires tax’ threat has some NY bankers, managers eyeing exits

Reuters
BOSTON (Reuters) – For decades New York’s bankers and fund managers have accepted the city’s high tax rates as a part of working in the world’s premier financial capital. FILE PHOTO: A woman walks past JPMorgan Chase & Co’s international headquarters on Park Avenue in New York July 13, 2012.......

‘Millionaires tax’ threat has some NY bankers, managers eyeing exits

Reuters
BOSTON (Reuters) – For decades New York’s bankers and fund managers have accepted the city’s high tax rates as a part of working in the world’s premier financial capital. FILE PHOTO: A woman walks past JPMorgan Chase & Co’s international headquarters on Park Avenue in New York July 13, 2012.......

Payments giant Stripe expands to Middle East with Dubai office

Reuters
FILE PHOTO: Stripe app logo is displayed in this illustration taken March 15, 2021. REUTERS/Dado Ruvic/Illustration DUBAI (Reuters) – Digital payments giant Stripe on Tuesday announced the opening of an office in United Arab Emirates financial capital Dubai, its first expansion into the Middle East region. Founded in 2010 by......

Global money market funds obtain highest inflows in 14 weeks – Lipper

Reuters
(Reuters) – Investments into money market funds surged to the highest this year in the week ended March 31, as investors favoured safety amid a fall in bond prices and fresh lockdowns in Europe, with the region grappling to contain a rising number of coronavirus infections. FILE PHOTO: Rolled Euro......

Japan gathering information on Nomura, MUFG losses linked to U.S. client

Reuters
FILE PHOTO: Japan’s Deputy Prime Minister and Finance Minister Taro Aso, wearing a protective face mask, delivers his policy speech at the opening of an ordinary session of the parliament in Tokyo, Japan January 18, 2021. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Japan is looking into the financial losses incurred......

Twitter says in process of identifying new independent board director

Reuters
April 1 (Reuters) – Twitter Inc said on Thursday it was in the process of identifying a new independent director for its board. The company also said board member Jesse Cohn, who is also hedge fund Elliott Management’s head of U.S. equity activism, will be nominated for re-election as a......

Nine EU advisers threaten walkout over sustainable finance row

Reuters
BRUSSELS, April 1 (Reuters) – Nine members of the expert group advising the European Union on its sustainable finance rules have threatened to step down if Brussels pushes ahead with plans that they say would discredit its efforts to fight climate change. The European Commission is attempting to finish its......

Factbox: The protagonists in the Grindr story

Reuters
(Reuters) – The parties involved in the $620 million sale last year of dating app Grindr Inc gave information to a U.S. national security panel that contradicted disclosures to potential investors and Chinese regulators, Reuters reported on Monday. Many of these discrepancies center on ties between the acquirer, Chinese-American businessman......

Breakingviews – Archegos mess revisits Wall Street weak spots

Reuters
By Antony Currie, Jennifer Hughes A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York, U.S., January 3, 2019. REUTERS/Shannon Stapleton – RC1C326C6140 MELBOURNE (Reuters Breakingviews) – The woes originating from Archegos Capital Management support the idea that there’s more to......

Australia’s AMP says Ares keen to buy 100% of unit’s private markets business

Reuters
FILE PHOTO: The logo of AMP Ltd, Australia’s biggest retail wealth manager, adorns their head office located in central Sydney, Australia, May 5, 2017. Picture taken May 5, 2017.REUTERS/David Gray/File Photo (Reuters) – Wealth manager AMP Ltd said on Monday that U.S.-based Ares Management Corp was interested in buying a......

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