BlackRock CEO Larry Fink on Tuesday urged the government and the private sector to ensure Americans have enough money to retire and said the world’s largest asset manager would launch a product next month to address the issue.
Turkey’s Eximbank signed a 140 million euro ($152 million)syndicated loan agreement under the insurance of Nippon Export and Investment Insurance (NEXI) with 10-years maturity, the bank said on Tuesday.
UBS plans to increase assets sourced from clients in Asia with wealth and asset management sustaining its growth model, Chief Executive Sergio Ermotti said on Tuesday.
The Reserve Bank of India’s (RBI) heightened regulatory scrutiny of lenders will improve governance and curtail exuberant lending but may raise their cost of capital as well as slow loan growth, S&P Global Ratings said on Tuesday.
Zuercher Kantonalbank’s (ZKB) emergency plans to maintain its critical functions for the broader economy in case of insolvency are ready, Swiss financial market supervisor FINMA said on Tuesday following an annual assessment of risk preparations.
The New Development Bank (NDB), set up by the BRICS group of emerging economies, aims to make about $5 billion in loans this year, its vice president, Zhou Qiangwu, said on Tuesday.
Standard Chartered CEO Bill Winters met with the head of China’s foreign exchange regulator on Monday, a month after the bank suspended new investments by its clients in the country into offshore products via a quota-based channel.
Swiss investment company Partners Group has launched another private equity secondary strategy fund worth up to $12 billion, betting on growing deal flows in the secondaries space, its chairman of Asia said on Tuesday.
A Canadian asset manager on Monday launched an exchange-traded fund (ETF) using artificial intelligence (AI) rather than human beings to build a portfolio dedicated specifically to AI.
