To strengthen its position in the capital markets, U.S. Bancorp announced on Tuesday that it would purchase Wall Street brokerage BTIG for up to $1
Category: Fund Management
Fifth Third acquires Comerica in $10.9 billion all-stock deal to create the 9th largest U.S. bank.
In an all-stock deal, Fifth Third Bancorp is linking up two major regional banks by purchasing Comerica for $10.9 billion. With assets of about $288
Bank of America, a Fed-certified top US lender, approves the repurchase of $40 billion in stock.
The board of Bank of America approved a $40 billion stock repurchase program on Wednesday, according to a new report. The bank stated that the
Trump’s policy upheavals push investors to dump equity for gold.
The market’s record climb is gaining speed as more investors turn to gold exchange-traded funds in an attempt to protect themselves from the political and
A US watchdog sues Capital One, alleging the bank cheated customers out of $2 billion.
A U.S. watchdog is suing Capital One for allegedly deceiving customers about its high-interest savings account options and “cheating” them out of almost $2 billion
Singapore’s Temasek enters the booming global private credit market with a $7.5 billion wholly owned entity.
Temasek, the state investment corporation of Singapore, announced on Friday that it has created a fully owned private credit organization with an initial portfolio of
The UK plans to establish new pension megafunds and raise $100b for investment.
Later Thursday, British Treasury director Rachel Reeves is expected to reveal plans to combine dozens of pension funds to increase the poor economic growth in
Global Wealth Managers Summit in Dubai, Abu Dhabi emerges as an alternate hub in UAE.
Abu Dhabi is rising out of Dubai’s shadow as it draws a fair amount of the wealth of asset managers and billionaires, thereby solidifying the
Jamie Dimon leads as JPMorgan Chase, the largest US lender grows its footprints in Africa.
The largest U.S. lender, JPMorgan Chase, told reporters that it intends to expand its presence in Africa by entering Kenya and Ivory Coast this year.
BlackRock the world’s largest asset manager hit a record $11.5tr on the market rally and asset boost.
For the third consecutive quarter, BlackRock’s assets under management reached a record high on Friday; driven by sharp increases in the company’s exchange-traded funds inflows
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