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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.
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?
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.
NEW YORK CITY: Citigroup Inc’s Dean Little and Jonathan Smalley learned the proxy voting process the hard way: in the mailroom.
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.
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%.
NEW YORK: Goldman Sachs Group Inc. is throwing everything but the kitchen sink at boosting its share of the $4 trillion U.S. market for exchange-traded funds -- even mimicking one of its Wall Street foes.