(Reuters) – U.S. bond funds witnessed huge outflows in the week to Sept. 21 as caution over the pace and length of U.S. interest rate increases crept in ahead of the Federal Reserve’s policy decision. According to Refinitiv Lipper data, U.S. bond funds recorded outflows worth $7.33 billion in their biggest weekly net selling since …
U.S. bond funds see biggest weekly outflow in four weeks Read More »
(Reuters) – Investors withdrew money from global bond and equity funds in the week ended September 21, with caution creeping in ahead of the U.S. Federal Reserve meeting in which further rate hikes were expected to tame soaring inflation. Investors exited a net $7.32 billion of global bond funds, marking their biggest weekly net selling …
Investors dump global bond and equity funds in the week ended Sep.21 Read More »
(Reuters) – New York City Comptroller Brad Lander said he is reassessing business relationships with BlackRock Inc, among other asset managers, on concerns that it is straying from its “climate commitments”. The world’s largest asset manager has faced criticism from many sides in the debate on low-carbon fuels, with environmentalists protesting it does too little …
BlackRock’s pension funds face ESG criticism from New York Comptroller Read More »
By Lisa Baertlein LOS ANGELES (Reuters) – FedEx Corp dented investor confidence in the new chief executive’s vision to deliver a long-awaited turnaround at the shipping company, sending its shares into a freefall after it withdrew its full-year profit forecast last week. After Raj Subramaniam succeeded founder Fred Smith in June as FedEx’s CEO, the …
Analysis-FedEx investors frustrated with new CEO after withdrawn forecast Read More »
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – U.S. growth funds are experiencing massive outflows this year due to rising interest rates, with the Federal Reserve’s resolve to keep hiking to tame inflation potentially spurring even more selling. According to Morningstar data, U.S. growth funds recorded net outflows of $12.3 billion in August, taking net …
By Svea Herbst-Bayliss (Reuters) -Ancora Holdings, one of the hedge funds that spearheaded a board shake-up last year at Kohl’s Corp, is now pushing for the removal of the U.S. retailer’s chief executive and board chairman, according to a letter sent to the company on Thursday. The move marks the beginning of a new round …
Hedge fund Ancora seeks ouster of Kohl’s CEO, chairman Read More »
LONDON (Reuters) – Marsh’s U.S. clients will from Thursday be able to pay their fees in voluntary carbon offset credits or renewable energy certificates (RECs), the insurance broker said, part of a drive to help clients meet net-zero climate goals. While most corporate buyers of carbon credits would use them to offset their emissions and …
Marsh allows U.S. clients to pay broking fees with carbon credits Read More »
By Abigail Summerville and Matt Tracy (Reuters) – Wall Street banks completed the sale of $8.55 billion in loans and bonds backing the leveraged buyout of business software company Citrix Systems Inc by accepting a $700 million loss, a person familiar with the matter said on Wednesday. The process emerged as a key test of …
Banks close painful Citrix debt chapter with $700 million loss -source Read More »
WASHINGTON (Reuters) – Wells Fargo CEO Charles Scharf plans to tell Congress that the bank could still face setbacks as it works to address longstanding regulatory issues, according to prepared testimony published by the House Financial Services Committee Tuesday. In his testimony, Scharf said while he is confident the bank can address its problems as …
By Sinead Cruise and Iain Withers LONDON (Reuters) -Investment banks are likely to see a shake-up in revenues next year, with a rebound in banking and advisory fees expected to soften a hit from a fall in trading income, Barclays’ CEO C.S. Venkatakrishnan told an investor event on Tuesday. A trading surge has helped investment …
Investment banks revenue shake-up looms in 2023, Barclays boss says Read More »
