BlackRock, Mustier's blank-check firm eye Credit Suisse fund management arm

ZURICH: BlackRock (pic) and Jean-Pierre Mustier's blank-check firm are among investors expressing interest in Credit Suisse's asset management arm, three sources told Reuters, as the Swiss lender explores options for the unit after a run of costly scandals.

Exclusive: Robinhood aims to allow users to buy into IPOs - sources

(Reuters) - Robinhood Markets Inc is building a platform to "democratize" initial public offerings (IPOs), including its own, that would allow users of its trading app to snap up shares alongside Wall Street funds, according to people familiar with the matter.

Insight - Biggest players in the short-selling game are getting a pass

Biggest players in short-selling are getting a pass

Given the popular belief that short sellers create unjustified losses in some stocks, why would shareholders want to supply the ammunition for attacks against their investments?

Xiaomi sues US seeking to reverse investment ban

BEIJING, Jan 30 (Bloomberg): Xiaomi Corp sued the US Defence and Treasury departments, challenging a blacklisting that blocks American investors from buying the Chinese smartphone giant’s securities.

Vanguard wins ETF flow war as state street slips further behind

NEW YORK: There’s a new champion in the battle for bragging rights atop the US$5.3 trillion exchange-traded fund industry, while a familiar laggard is seeing its slice of the US market shrink toward a record low.

Asian markets mixed after Trump shatters stimulus hopes

HONG KONG (AFP): Asian markets fluctuated Wednesday (Oct 7) as traders weighed Donald Trump's decision to call off talks on a much-needed stimulus against expectations a rescue package will eventually be passed by whoever wins next month's election.

Citi executives leave mailroom for the C-suite

NEW YORK CITY: Citigroup Inc’s Dean Little and Jonathan Smalley learned the proxy voting process the hard way: in the mailroom.

Big US banks halt stock buybacks, citing customer needs during coronavirus

NEW YORK: The Biggest U.S. banks will stop buying back their own shares, and will instead use that capital to lend to individuals and businesses affected by the coronavirus, an industry trade group said on Sunday.

Stock’s mysterious 3,800% rally is wiped out in minutes

HONG KONG: MSCI Inc. scrapped plans to add a high-flying Hong Kong stock to its suite of indexes because of concerns about investability, a rare reversal that sent the stock plunging 98%.HONG KONG: MSCI Inc. scrapped plans to add a high-flying Hong Kong stock to its suite of indexes because of concerns about investability, a rare reversal that sent the stock plunging 98%.