U.S. financial technology firms responsible for popularizing amateur stock trading,are venturing into fixed income to capitalize on the increasing interest of ordinary investors, spurred by
Category: Fund Management
Sino-US tension prompts JP Morgan to exit the $500 billion local custody business in Hong Kong and Taiwan.
Three companies are vying for the mandate to handle JPMorgan Chase’s local custody business in Taiwan and Hong Kong: Citigroup, HSBC, and Standard Chartered. Wall
Swiss bank UBS targets $150b in new money as it embarks on ambitious US expansion.
As part of its ambition to reach $150 billion in net new money or inflow of new funds, annually, Swiss bank UBS intends to increase
Use of weather derivatives by big corporations is increasing with the global impact of extreme weather.
Energy firms, hedge funds, and commodities traders are increasingly using financial products that allow them to wager on the weather in an effort to hedge
Morgan Stanley to deploy AI chatbot in wealth management functions.
Future wealthy clients visiting a Morgan Stanley financial advisor to talk about their assets might encounter a different kind of interaction: a chatbot that listens
US SEC considers new rules in years for the $20 trillion private fund sector.
In a triumph for the industry, the U.S. Securities and Exchange Commission decided against outright prohibiting some fees and making it simpler for investors to
Brokerage Charles Schwab to raise $2.5b debt offering, as investors capitalize on a spike in yields.
In an effort to profit from investors hoping to take advantage of a rise in yields, Charles Schwab Corp announced on Thursday that it is
HSBC to acquire 51% holding of China fund management JV partner
In order to advance its expansion in the second-largest economy in the world, HSBC has decided to buy out its joint venture partner in China’s
Vanguard asset managers made a windfall during the March banking crisis.
According to recent research, Vanguard, the second-largest asset manager in the world, raised exposure to major bank bonds amid the banking crisis in March by
7 Global Banks to Pay $651.5m in a rate-rigging settlement.
To resolve a lawsuit brought by American investors who claimed Societe Generale SA had broken the law by colluding with rivals to fix the important
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