By Svea Herbst-Bayliss and Carolina Mandl BEVERLY HILLS (Reuters) – Prominent investors including hedge fund and private equity managers at a major industry conference say they are shying away f[...]
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Business
Regulators seize First Republic Bank, sell assets to JPMorgan
By Scott Murdoch, Niket Nishant and Chris Prentice (Reuters) -Regulators seized First Republic Bank and sold its assets to JPMorgan Chase & Co on Monday, in a deal to resolve the largest U.S. bank[...]
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As U.S. megacaps soar, some investors are wary of rising valuations
By Lewis Krauskopf NEW YORK (Reuters) – Some market participants are warning that the U.S. market’s biggest tech and growth stocks may be getting too expensive, even as better-than-expecte[...]
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Top US banks face little investor pressure on fossil-fuel financing
By Ross Kerber (Reuters) -Top U.S. bank investors gave only slim support on Tuesday to shareholder resolutions calling for the lenders to wind down new fossil fuel financing, setbacks for climate acti[...]
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More bank jitters as First Republic probes asset sales, ‘bad bank’ options -source
By Manya Saini, David French and Saeed Azhar (Reuters) -First Republic Bank faces dwindling and tough options to turn around its business with the creation of a ‘bad bank’ or asset sales p[...]
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Northern Trust’s first-quarter profit slightly below estimates as fees plunge
(Reuters) – Wealth manager Northern Trust Corp reported lower-than-expected first-quarter profit on Tuesday, as lower asset management fees dragged down gains from higher interest rates. The res[...]
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Coinbase files legal challenge to push SEC to write rules on crypto
By Hannah Lang (Reuters) – Coinbase Global Inc filed a petition on Monday in an effort to compel the U.S. Securities and Exchange Commission to create new rules for digital assets, the company s[...]
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Investors cut cash holdings as market focus shifts to inflation
By Lucy Raitano LONDON (Reuters) – Investors cut their cash holdings for the first time in eight weeks in the week to Wednesday, while shedding equities and gold, according to a report from BofA[...]
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U.S. SEC issues guidance on broker and adviser ‘care obligations’
By John McCrank (Reuters) – The U.S. Securities and Exchange Commission (SEC) published a staff bulletin on Thursday giving guidance on how broker dealers and investment advisers must put their[...]
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