Search Results for: assets
Which robo-advisers got off to the fastest start in 2016?
January 18th, 2016
These online automated investment platforms gained the most assets in January Almost all robo-advisers have grown in some shape or form between the start of last year and this year. Some of the well-known online automated investment platforms that ...
Wells Fargo Surpasses Citigroup
January 18th, 2016
Wells Fargo sees 6% growth in assets; Citigroup posts strong annual profit Starting the new year, most big banks are touting their regimens to slim down: Wells Fargo & Co. just keeps growing. The San Francisco-based bank surpassed Citigroup Inc. to become the ...
BHP Billiton:Onshore US Asset Review
January 15th, 2016
BHP Billiton expects to recognise an impairment charge of approximately US$4.9 billion post-tax (or approximately US$7.2 billion pre-tax) against the carrying value of its Onshore US assets. This charge will be recognised as an exceptional item in the financial ...
J.P. Morgan’s Earnings and Revenue Rise, Beating Expectations
January 14th, 2016
The New York firm kicks off earnings season for big U.S. banks J.P. Morgan Chase & Co. said its fourth-quarter profit beat expectations thanks in part to cost-cutting and higher earnings within its investment banking division. The largest U.S. bank ...
Bank of England maintains Bank Rate at 0.5% and the size of the Asset Purchase Programme at £375 billion
January 14th, 2016
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy in order to meet the 2% inflation target and in a way that helps to sustain growth and employment. At its meeting ending on 13 January 2016, the ...
IASB shines light on leases by bringing them onto the balance sheet
January 13th, 2016
The International Accounting Standards Board® (the Board) today issued a new accounting Standard, called IFRS 16 Leases. It replaces accounting requirements introduced more than 30 years ago that are no longer considered fit for purpose and is a major revision of ...
FXCM Reports Monthly Metrics
January 13th, 2016
FXCM Inc. (NYSE:FXCM) announced certain key customer trading metrics for December 2015 for its retail and institutional foreign exchange business. December 2015 Customer Trading Metrics from Continuing Operations (1) Retail Customer Trading Metrics Retail customer trading volume(2) of $323 billion in December ...
The China Syndrome: The Coming Global Financial Meltdown
January 12th, 2016
All the phantom wealth piled up in China’s boost phase is now melting down, and the China Syndrome will trigger a meltdown in global phantom assets. The 1979 film The China Syndrome took its name from the darkly humorous ...
FD acquires QuantumKDB
January 12th, 2016
FD, announces that it has acquired the entire issued share capital of Quantum KDB (UK) Limited (“Quantum”) for total consideration of up to £2.2m. The acquisition provides the Group with complementary consultancy expertise to support the growth of its ...
Chinese regulator asks banks to cut wealth management yields
January 12th, 2016
China‘s banking regulator and main bond clearinghouse have asked commercial banks to reduce rates they offer on high-yielding wealth management products (WMPs), five sources told Reuters, an apparent back-pedalling on commitments to let markets price credit. The move to ...
