Reuters US Money

By John O’Donnell and Tom Sims FRANKFURT (Reuters) – Europe’s banks, facing a potential economic storm and a rise in borrowing costs for the first time in more than a decade, are set to show their weak spots when they update investors on how their business has fared this year. They have already had to …

Analysis-Europe’s banks brace for bumpy ride after cheap money decade Read More »

(Reuters) – Global equity funds recorded their biggest weekly outflow in five weeks in the week to July 20, on investor caution ahead of crucial central bank meetings in which rate hikes are expected to be announced. According to Refinitiv Lipper, investors offloaded a net $13.79 billion worth of global equity funds, marking the biggest …

Global equity funds see biggest weekly outflow in five weeks Read More »

NEW YORK (Reuters) – Hedge funds assets fell below $4 trillion in June, dragged down by poor performance and investors’ withdraws, data provider HFR showed on Thursday. Amid high volatile across markets, investors redeemed $27.5 billion of hedge funds between April and June, bringing total withdraws in the first half of the year to $7.7 …

Hedge funds assets shrink amid investors withdraws, losses Read More »

By Katanga Johnson WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) is working to get some cryptolending companies properly registered if they operate more as investment firms, the head of the Wall Street regulator told CNBC in an interview on Thursday. SEC Chair Gary Gensler also said it was up to large financial institutions …

U.S. SEC working to register crypto lending firms -Gensler Read More »

By Chibuike Oguh NEW YORK (Reuters) -Blackstone Inc, the world’s largest alternative asset manager, posted an 86% surge in second-quarter distributable earnings on Thursday but warned that the asset sales fueling this growth would slow down amid the economic downturn. Blackstone shares fell more than 6% on Thursday morning as investors focused on the downbeat …

Blackstone warns asset sales will slow amid downturn, shares fall Read More »

By Patturaja Murugaboopathy and Chibuike Oguh (Reuters) – More private equity firms are taking companies private, as lower corporate valuations make it easier to lure businesses away from the stock market at bargain prices. Private equity firms spent a record $226.5 billion on such transactions around the world in the first half of 2022, up …

Private equity firms pounce to take companies private Read More »

By Herbert Lash NEW YORK (Reuters) – Fifth Wall, a Los Angeles-based venture capital firm focused on real estate technology, said on Thursday it has raised $500 million for a climate fund to help decarbonize an industry estimated to account for nearly 40% of the world’s carbon emissions. The fund, which brings together some of …

Exclusive-Fifth Wall climate fund aims to decarbonize property industry Read More »

(Reuters) – Buyout giant Blackstone Inc has secured commitments worth $24.1 billion for its latest real estate fund, according to a regulatory filing on Wednesday. The size of the new fund, called Blackstone Real Estate Partners X, could go up to $30.3 billion when it is finalized, the Wall Street Journal reported, citing people familiar …

Blackstone draws over $24 billion commitments for latest real estate fund Read More »

ZURICH (Reuters) – Credit Suisse has signed an alliance agreement with Corporacion Actinver to develop their wealth management businesses in Mexico, the Swiss bank said on Wednesday. Under the arrangement Credit Suisse will transfer to Actinver clients with predominantly domestic needs along with a team of relationship managers. The Swiss lender will keep the relationship …

Credit Suisse signs Mexico alliance agreement with Actinver Read More »