Search Results for: assets
Five UK Fund Giants Partner up to Join the Blockchain Bandwagon
February 9th, 2016
In a recurring theme to confirm the financial industry’s collective fawning of blockchain technology – the distributed ledger that underpins Bitcoin – five of the UK’s biggest mutual fund giants are collectively exploring blockchain applications. The motivation? Cutting billions ...
Deutsche Bank Shares Drop Again as European Banks Get Pummeled
February 9th, 2016
Investors are concerned about ability to navigate volatile markets Deutsche Bank AG’s shares dropped almost 10% on Monday as the battered European banking sector was hit by a fresh selloff amid investor concerns about lenders’ capital buffers and ability to ...
Europe Stocks at Recession Prices Show Growth Faith Falters
February 9th, 2016
Euro Stoxx 50 had its largest two-day slump since August Shares now trade at biggest discount in a year vs U.S. stocks For European investors trying to assess just how bad sentiment is right now, consider this: the last ...
How Six Brokers Walked Free After Unraveling of U.K. Libor Case
February 9th, 2016
Witnesses fail to convince, jury acquits local defendants Loss in complex case seen a major setback for regulators The first signs of trouble for prosecutors came about three weeks into the trial. Their witness was a government investigator called ...
Gold hits new 3-month high on global economy concerns
February 8th, 2016
Gold hit three-month highs on Monday, extending its biggest weekly rise since July 2013 as sliding stock markets, global growth uncertainty and a softer dollar prompted investors to seek safety in hard assets. Spot gold reached a peak of ...
The rich already use robo-advisers, and that scares banks
February 8th, 2016
Morgan Stanley, Wells Fargo, BofA planning automated services Banks are watching wealthy clients flirt with robo-advisers, and that’s one reason the lenders are racing to release their own versions of the automated investing technology this year, according to a ...
Grant Thornton’s ambition to become the ‘go-to firm for growth’
February 8th, 2016
Grant Thornton UK LLP has published its Strategic Review. The review is based on an ‘outside in’ analysis of its market place and operations, and aligned with the ‘Growing Together 2020’ strategy of the global organisation. The review sets out ...
China’s Forex Reserves Plunge to More-Than-Three-Year Low
February 8th, 2016
The world’s largest stockpile of foreign currency fell by $99.5 billion last month China’s foreign-exchange reserves fell to the lowest level in more than three years in January, raising questions about how long Beijing can keep burning through the ...
Chinese Brokers Post `Ugly’ January Profits Amid Rout, CICC Says
February 5th, 2016
Combined net income for 18 brokerages sank 87% last month Shanghai Composite Index plunged 23 percent in January Chinese brokerages posted “ugly” earnings for January amid the stock market’s worst start to a year, China International Capital Corp. said. ...
Saxo Bank released Key Figures for January 2016
February 5th, 2016
Saxo Bank has issued a release to make public its monthly basis key figures for January, related to its activity, namely retail assets under management as well as daily average and monthly trading volumes. According the release, the Company ...
