By Tommy Wilkes LONDON (Reuters) – BlackRock’s liability-driven investment business is urging some smaller UK pension fund clients to stop splitting assets across multiple managers, as it[...]
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Europe
Don’t hold your breath – banking crises last years: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -The most extraordinary outcome of the March banking shock would be if the problem dissipated quickly. Many people hope the crisis of confidence infecting[...]
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Explainer-Why markets are in uproar over a risky bank bond known as AT1
LONDON (Reuters) – Financial markets have been thrown a fresh curve ball by the decision to write down 16 billion Swiss francs ($17.5 billion) of Credit Suisse bonds, known as Additional Tier 1[...]
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Short sellers make $100 million betting against Deutsche Bank in two weeks-Ortex
LONDON (Reuters) – Short sellers have made a profit of over $100 million on paper betting against Deutsche Bank stock over the last two weeks, financial data company Ortex said on Friday. Ortex[...]
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Swiss franc grapples with safe-haven identity crisis after Credit Suisse
By Samuel Indyk LONDON (Reuters) -The Swiss franc hasn’t lived up to its safe-haven reputation during the Credit Suisse collapse, as investors have sought shelter elsewhere, bringing more of a b[...]
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Hong Kong government announces measures to lure wealthy family offices
HONG KONG (Reuters) – Hong Kong’s government announced a series of measures on Friday to attract wealthy family offices to set up in the financial hub as authorities try to restore busines[...]
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U.S. Fed delivers small rate hike amid global banking turmoil
By Howard Schneider, Yoruk Bahceli and Akriti Sharma (Reuters) -The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing[...]
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Emerging market investors turn increasingly bullish for Q2 -HSBC survey
LONDON (Reuters) – Nearly half of emerging market investors are bullish on prospects for developing markets in the second quarter, a survey by HSBC showed on Thursday, thanks to rising optimism[...]
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Credit Suisse hires Southeast Asia wealth vice chairman
Sydney (Reuters) – Credit Suisse said on Thursday it has hired private banker Kwong Kin Mun as its new vice chairman for Southeast Asia wealth management. The embattled bank is being bought by r[...]
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