By Chibuike Oguh NEW YORK (Reuters) – Blackstone Inc Chief Executive Stephen Schwarzman said on Wednesday that redemptions in his firm’s $69 billion non-traded real estate income trust (RE[...]
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December 7, 2022
Vanguard quits net zero climate effort, citing need for independence
By Ross Kerber and Noor Zainab Hussain (Reuters) -Vanguard Group Inc is pulling out of a major investment-industry initiative on tackling climate change, the world’s biggest mutual fund manager[...]
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Europe’s BNP Paribas appoints senior executives to Global Markets Americas division
(Reuters) – BNP Paribas SA has appointed several senior executives to its Global Markets Americas division, the European bank said on Wednesday, in a move to further consolidate its presence in[...]
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Blackrock says calls for increased overweight in inflation-linked bonds
(Reuters) – Asset manager Blackrock on Wednesday said that a new regime of greater macroeconomic and market volatility means that investors should demand more compensation for taking the same le[...]
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EU starts crackdown on commodity firms using derivatives markets
By Huw Jones LONDON (Reuters) – The European Union flagged tougher requirements on Wednesday for commodity companies using derivatives markets after failing to meet higher collateral calls when[...]
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Analysis-EU avoids sledgehammer to crack euro clearing nut – for now
By Huw Jones LONDON (Reuters) – European Union plans to shift derivatives clearing worth trillions of euros from London to the bloc have ditched hardline rhetoric in favour of pragmatism that sh[...]
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Barclays names Currie as chief operating officer in management reshuffle
By Lawrence White LONDON (Reuters) -Barclays said it had appointed Alistair Currie as chief operating officer on Wednesday, replacing Mark Ashton-Rigby, in a management reshuffle by Chief Executive C.[...]
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Tipping Point: New tip guidelines for holiday giving
By Chris Taylor NEW YORK (Reuters) – If you ever want to start a raging family debate over the holiday dinner table, forget religion or politics – just bring up the subject of tipping. There are[...]
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Activist investor Bluebell targets BlackRock, seeks ouster of CEO Fink
By Svea Herbst-Bayliss and Greg Roumeliotis (Reuters) -Tiny activist investor Bluebell Capital Partners is taking aim at BlackRock and wants to replace longtime CEO Larry Fink, criticizing the world[...]
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