By Mehnaz Yasmin and Divya Chowdhury (Reuters) – Bond markets would likely benefit if U.S. President Joe Biden is re-elected as his administration will try to raise taxes to offset some of the g[...]
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June 12, 2024
CalPERS becomes latest Tesla shareholder to vote against Musk’s pay package
(Reuters) -The California Public Employees’ Retirement System is set to vote against Tesla CEO Elon Musk’s $56 billion compensation package, the largest U.S. pension fund’s CEO said[...]
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Citi’s new wealth boss Sieg reshuffles leadership, pledges higher returns
By Tatiana Bautzer and Manya Saini NEW YORK (Reuters) -Citigroup’s new head of wealth, Andy Sieg, further reshuffled his leadership team on Wednesday and reiterated financial targets as the bank[...]
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Alexander Hamilton’s bank is getting a new name: BNY
By Lananh Nguyen NEW YORK (Reuters) -The oldest U.S. bank is getting a new name. Bank of New York Mellon is embracing BNY as its new moniker, it announced on Tuesday. The company also unveiled block-l[...]
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Capital Group shakes up strategy to hit $4 trillion by 2031
By Iain Withers LONDON (Reuters) -Capital Group aims to grow its fixed income business, accelerate overseas expansion and diversify away from its core equities franchise to stem client withdrawals and[...]
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Singapore’s top bank DBS eyes $370 billion in wealth assets by 2026, top exec says
By Yantoultra Ngui SINGAPORE (Reuters) – DBS Group plans to boost assets under management for its wealth business to S$500 billion ($369.7 billion) by the end of 2026, said the unit’s head[...]
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