By Krystal Hu NEW YORK (Reuters) – Kyle Ash snapped up 2,000 pounds ($2,615) worth of Twitter Inc shares as soon as he heard that Elon Musk had become the social media company’s largest shareholder. The 25-year-old retail worker from Reading, Britain bought into Twitter on Monday after shares surged 27% on news of Musk’s …
Analysis-Musk’s Twitter bet gins up meme stock hype Read More »
(Reuters) – Disruptive Technology Solutions LLC and affiliated funds have filed a demand for arbitration against Wall Street bank Morgan Stanley with the Financial Industry Regulatory Authority, the Wall Street Journal reported, citing a copy of the letter it had reviewed. The investment bank is at the center of an investigation into whether Wall Street …
Investment firm files demand for arbitration against Morgan Stanley – WSJ Read More »
By Krystal Hu, Chibuike Oguh and Anirban Sen (Reuters) -When buyout firm Thoma Bravo LLC was seeking lenders to finance its acquisition of business software company Anaplan Inc last month, it skipped banks and went directly to private equity lenders including Blackstone Inc and Apollo Global Management Inc. Within eight days, Thoma Bravo secured a …
With capital markets jittery, private equity pounces to finance tech buyouts Read More »
(Reuters) – Insurers want to put more money into private equity this year as they contend with rising inflation and its effects on monetary policy, a survey by Goldman Sachs Asset Management showed on Monday. More than 40% of insurers plan to increase their investments in private equity in the next 12 months to boost …
Global insurers plan to ramp up private equity investments Read More »
(Reuters) – Citigroup Inc on Monday named Tony Osmond as chair of its Banking, Capital Markets and Advisory (BCMA) unit in Australia and New Zealand, and Alex Cartel to be the unit’s head, as the U.S. bank focuses on strengthening its institutional business. The appointments also come as Citi looks to execute a global overhaul …
Citi names M&A specialists to lead Australia, New Zealand advisory unit Read More »
By Ross Kerber BOSTON (Reuters) -Edward C. “Ned” Johnson 3d, an American billionaire investor and philanthropist who as chairman of Fidelity Investments propelled the family business to a dominant place in finance for decades, died on Wednesday at age 91, the company said. Johnson “died peacefully on March 23, 2022, surrounded by his loving family,” …
Fidelity’s Edward C ‘Ned’ Johnson 3d, who built fund giant, dies at 91 Read More »
By Mark Miller (Reuters) – If you need help filing for Social Security, Medicare or disability benefits, I have good news and bad news. The good news: The sprawling network of more than 1,200 Social Security field offices around the United States will reopen to the public in early April after a two-year COVID-19 shutdown. …
Column-What to expect when U.S. Social Security field offices reopen in April Read More »
By Chris Taylor NEW YORK (Reuters) – When it comes to passing money smarts to children, many parents know where to start. In the beginning, they introduce kids to the concept, giving them small amounts of money like allowances or tooth-fairy gifts to handle. The end goal is a fully-functioning financially responsible grownup – earning …
‘Launching Financial Grownups’ shows how to raise money-smart kids Read More »
By Iain Withers and Carolyn Cohn LONDON (Reuters) – While the West’s big investors have ditched Russia in recent weeks, one small group of armchair investors sees a bargain and is shrugging off any ethical qualms. At a time when many in Britain are pouring cash into charities to support relief efforts in Ukraine after …
Analysis-DIY investors eye quick buck in ‘uninvestable’ Russia Read More »
LONDON (Reuters) – Investment funds that market themselves as sustainable under European rules get similar levels of “green revenues” through the companies they invest in as traditional funds, according to a new study published on Thursday. So-called “green revenue” is the percentage of sales generated from products that benefit the environment such as with cleaner …
‘Sustainable’ funds are no more green than traditional products, study finds Read More »
