By Ross Kerber (Reuters) -North Carolina’s state treasurer on Friday called for BlackRock Inc Chief Executive Laurence Fink to resign or be removed from the top asset management firm, citing its[...]
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December 9, 2022
Analysis-U.S. financial conditions have eased. So far the Fed is okay with it
By Ann Saphir (Reuters) – Over the past six weeks or so, U.S. mortgage rates have fallen, stock prices are up, and yields on corporate debt have dropped, all signs that financial conditions are[...]
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Fed discount window borrowing is edging up, but is it a problem?
By Michael S. Derby NEW YORK (Reuters) – Borrowing at a key Federal Reserve facility long associated with providing emergency loans to banks has been edging higher, recently climbing to over $10[...]
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Mexico president says two bidders remaining for Citi’s local retail bank
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Friday there are two remaining parties bidding to buy the Mexican retail arm of U.S. banking giant Citigroup . Lopez[...]
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BNP Paribas hands its London bankers standardised job titles to ensure transparency
By Sinead Cruise and Stefania Spezzati LONDON (Reuters) – BNP Paribas is introducing titles to grade hundreds of investment bank employees in the UK, a move to ensure a transparent job evaluatio[...]
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U.S. equity funds register biggest weekly outflow in about 1-1/2 years
(Reuters) – U.S. equity funds posted enormous outflows in the week to December 7 as investors fretted over the Federal Reserve’s rate hikes, with data showing a rebound in employment and a[...]
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Global equity funds record biggest weekly outflows in three months
(Reuters) – Outflows from global equity funds in the week ended Dec. 7 hit a three-month high on fears that interest rates could stay higher for longer than expected amid mounting worries about[...]
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Credit Suisse turnaround plan “well underway” after capital hike completed
By John Revill, Lucy Raitano and Pablo Mayo Cerqueiro (Reuters) -Credit Suisse got a positive market reaction on Friday after the embattled bank successfully completed the final part of its 4 billion[...]
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Equity mutual fund inflows fall to 21-month low in Nov on rising rates
By Bharath Rajeswaran BENGALURU (Reuters) – Inflows into Indian equity mutual funds tanked nearly 76% to 22.58 billion Indian rupees ($274.49 million) in November from 93.9 billion rupees in the[...]
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