The European Union’s securities watchdog has fined Germany-based credit rating firm Scope Ratings almost 2.2 million euros ($2.4 million) for conflict of interest breaches due to what it described as “structural failures” and “negligence”.
Canadian lender BMO Financial’s asset management arm said on Friday it had partnered with U.S. private equity firm Carlyle Group to broaden access to private markets for Canadian investors.
Spain’s Santander is on track to pay shareholders more than 6 billion euros ($6.50 billion) in dividends and buybacks against 2024 results after a solid start to the year, the bank said on Friday.
British insurer and asset manager Legal & General has shelved a plan to obtain a China business licence and more than halved onshore headcount, two sources said, joining a list of global financial firms scaling back in an uncertain market.
British insurer and asset manager Legal & General has shelved a plan to obtain a China business license and more than halved onshore headcount, two sources said, joining a list of global financial firms scaling back in an uncertain market.
China’s securities regulator has launched onsite inspections of some mutual fund companies as part of efforts to strengthen management of the industry, unnerving fund managers.
India’s markets regulator has asked the country’s asset managers to stop inflows into schemes that invest in overseas exchange traded funds (ETFs) from April 1, according to a document seen by Reuters.
Senior executives at Archer-Daniels-Midland Co , the grain trader under government investigation for accounting issues, will receive millions of dollars in bonus compensation, according to an internal email seen by Reuters and Securities and Exchange Commission filings.
HSBC may receive just 2 billion roubles ($21.77 million) from selling its Russian unit to Expobank, Russian financial news outlet Frank Media reported on Thursday, citing sources, in a transaction that would represent a discount of about 90%.
Goldman Sachs Asset Management said on Thursday it had raised over $700 million for a new fund that will work with external managers to identify investment opportunities in both public and private markets.
