From a rising yen to debt market derivatives, market signals reveal how investors are going for some cheap but fail-safe options to make money on the off chance the Bank of Japan surprises them with a tweak to policy settings this week.
British asset manager Schroders reported a drop in first-half assets under management on Thursday, due to weaker investor sentiment and market volatility.
Bank of America CEO Brian Moynihan said U.S. authorities need to be careful when implementing new capital requirements of the Basel III accord to avoid reducing the ability of U.S. banks to compete globally.
British asset manager St James’s Place reported a fall in half-yearly profit after tax on Thursday but attracted 3.4 billion pounds ($4.40 billion) of net inflows in what the company called a “challenging period” for UK investors.
Spain’s Santander is planning to hire around 150 bankers primarily in the United States as part of its plans to accelerate growth in its investment banking business, three sources with knowledge of the matter said.
Emirates NBD , Dubai’s biggest lender by assets, said its second-quarter profit surged 78% to a record 6.2 billion dirhams ($1.69 billion) on higher margins, an improved deposit and loan mix, and substantial recoveries.
Evercore has hired veteran Morgan Stanley banker Seth Bergstein as a senior managing director to drive dealmaking in the global services sector, people familiar with the matter said on Wednesday.
Investment bank Lazard’s second-quarter profit fell 76% as its advisory business reeled from a prolonged slump in dealmaking, but executives said on Thursday that they were seeing early signs that things were bottoming out.
Italy’s Mediobanca said on Thursday it would buy back its own shares for around 200 million euros ($223 million) in the new fiscal year, as its Chief Executive Alberto Nagel said he was available for another three-year term.
