Investment manager Franklin Templeton has officially launched its operations in Saudi Arabia after obtaining two licenses from the Gulf country’s bourse regulator, as more companies set up base in the kingdom.
The ethics council of Norway’s $1.6 trillion wealth fund says it is investigating whether companies in which it holds shares fall outside its permitted investment guidelines due to the war in Gaza.
ETFS Capital asked shareholders of WisdomTree to abstain from re-electing some board members of the U.S. asset manager, saying its stock could surge at least 70% if it were run better, according to a letter seen by Reuters.
New York easily remains the world’s top financial centre, cementing its position for the past six years after it overtook London, in second place ever since, ahead of Singapore, the latest Z/Yen rankings of global financial centres showed on Thursday.
British insurer and asset manager M&G reported profit ahead of analyst forecasts for 2023 on Thursday, as the company looks to cash in on a boom in demand for pension insurance.
Direct Line posted a 2023 operating loss as it grapples high motor claims inflation, but reinstated its dividend as the British home and motor insurer tries to fend off takeover offers from Belgian rival Ageas .
New Zealand’s four major banks provide limited competition for personal banking services due to price-matching strategies and a lack of disruptive forces to drive change, the country’s competition watchdog said on Thursday.
Britain’s banks and other financial firms are boosting the number of women in senior management roles, but unless the pace quickens, it will take until 2038 to reach gender parity, the finance ministry said on Thursday.
Two New York Community Bancorp directors, Lawrence Savarese and David Treadwell, resigned from the board in March, the embattled lender said in a filing on Wednesday.
