Saudi Arabia’s Public Investment Fund accounted for about a quarter of the almost $124 billion spent by sovereign wealth funds worldwide last year, a report published on Jan. 1 showed.
Asset management firms hoping to be among the first to win regulatory approval to launch exchange traded funds (ETFs) tied to the spot price of bitcoin updated their filings with the Securities and Exchange Commission on Thursday and Friday, as market participants said a decision from the regulator may be imminent.
Peru’s government will launch an exchange-traded fund (ETF) sovereign debt instrument in January that will be exempt from income taxes, Economy Minister Alex Contreras said on Thursday.
When Ted Pick takes over as the new CEO of Morgan Stanley next week, the three-decade bank veteran’s frank manner and steady hand will help him steer the firm through a dealmaking slump.
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$3.9 million on Credit Suisse AG for the bank’s failure to prevent or detect misconduct by its relationship managers, the regulator said on Thursday.
OakNorth, a SoftBank-backed British bank for businesses, has appointed former top UK financial regulator Adair Turner as its new chairman, the company said on Wednesday.
SoftBank Group Corp said it would receive shares in telco T-Mobile US worth some $7.59 billion at no additional cost, driving the Japanese conglomerate’s shares up 5%.
Brazilian insurer BB Seguridade said on Tuesday its CEO Ullisses Assis has resigned from his position and its controlling shareholder, Banco do Brasil , has nominated one of its executives to replace him.
French prosecutors have opened an investigation into alleged “aggravated money laundering” related to transfers made by a Cypriot brokerage firm that worked with BNP Paribas’ custodian unit, French daily Le Monde reported on Tuesday.
David Tovey, who was a BlackRock fund manager until 2021, is part of a team that plans to launch a hedge fund based in London and Zurich in the first quarter of 2024, a source familiar with the matter said on Friday.
