By Nell Mackenzie and Akanksha Khushi LONDON (Reuters) -A key bond of CPI Property Group fell by the most on record on Tuesday after short-selling hedge fund Muddy Waters said it had bet against the credit of the Luxembourg-based commercial landlord. In a report seen by Reuters, the fund said CPI Property Group’s controlling shareholder, …
Muddy Waters shorts CPI Property Group credit; bonds slammed Read More »
By Chris Taylor NEW YORK (Reuters) – Danielle Miura had a lot of dreams for what her life might look like at age 25. Then life stepped in. Suddenly the financial planner from Ripon, California, was thrust into the role of caregiver for her beloved grandmother Neda who fell on a tile floor, broke her …
The price of love: Three important money tips for caregivers Read More »
By Matt Tracy (Reuters) – Investment bank Morgan Stanley is recommending that corporate bond investors focus on higher quality investment-grade and high-yield bonds headed into next year, as a wave of maturities poses risk to more junk-rated companies. Morgan Stanley said it suspects the Federal Reserve has neared the end of its rate-hiking cycle, with …
Morgan Stanley urges higher quality corporate bonds as 2024 maturities approach Read More »
(Reuters) -Wells Fargo employees at two of the bank’s branches filed for union elections on Monday, laying the groundwork for potential unionization in an industry that has largely been immune to such labor campaigns. In a petition to the National Labor Relations Board (NLRB), bankers and tellers at Wells Fargo branches in Albuquerque, New Mexico …
Wells Fargo employees at two branches mount unionization campaign Read More »
(Reuters) – Morgan Stanley has named Jed Finn as the head of its wealth management unit, according to an internal memo seen by Reuters on Monday. Finn, currently the chief operating officer of the division, joined the investment bank in 2011 and has held several leadership roles in the business, the memo said. The appointment, …
Morgan Stanley appoints Jed Finn as head of wealth management – memo Read More »
SINGAPORE (Reuters) – Malaysia’s biggest lender by assets, Malayan Banking Bhd (Maybank), launched an Islamic wealth management regional offshore hub in Singapore on Monday. “We have chosen Singapore as our offshore hub for our Islamic wealth management given the position of Singapore as a wealth management player not just in the region but also globally,” …
Malaysia’s Maybank launches Islamic wealth management hub in Singapore Read More »
ZURICH (Reuters) – GAM will transfer the UK equity income fund to Jupiter along with two portfolio managers, the Swiss asset manager said on Monday. “There will be a seamless transition for clients to continue to invest in the fund,” GAM said in a statement. The agreement to transfer the fund will result in a …
By Nell Mackenzie LONDON (Reuters) – Former Kleinwort Hambros chief investment officer Fahad Kamal has been appointed CIO at the private bank owned by Britain’s NatWest, according to a post on LinkedIn on Monday. The addition of Kamal comes alongside a number of staff changes at Coutts, including the addition of new chief financial officer …
Fahad Kamal appointed CIO at UK private bank Coutts-LinkedIn Read More »
By Nell Mackenzie LONDON (Reuters) – Global hedge funds ditched technology stocks by selling long positions and exiting short bets at the fastest weekly pace in seven months, Goldman Sachs said on Friday in a note to clients seen by Reuters. In the period from Friday Nov. 10 to Thursday Nov. 16, traders dropped long …
Hedge funds ghost tech stocks and sell consumer staples – Goldman Sachs Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A string of hefty bets on a doubling of Wall Street’s best known volatility index is raising eyebrows in the U.S. equity options markets, though analysts say they are probably not wagers on a market crash. Some 100,000 January call options on the Cboe Volatility Index changed …
Hefty options ‘disaster hedges’ draw buyers as US stocks extend rally Read More »
