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...One of these — a £30mn stake in the holding company of challenger bank Redwood — has drawn particular scrutiny from Grant Thornton....
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...Other western banks, including Citigroup, Italy’s UniCredit and Austria’s Raiffeisen Bank International, are still operating in Russia....
...How Deutsche Bank’s DWS inflated its assets for years Can an asset manager count third parties’ funds in their own assets under management and annual flows?...
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...For wealthy investors, despite the receding threat of inflation, there is still a need to diversify, stresses John Roe, head of multi-asset funds at Legal & General Investment Management....
...All we got were a few gormless US banks embarrassing themselves....
...The fintech group said on Tuesday that Bhatia, who previously led the digital bank for HSBC’s retail banking and wealth management business in the UK and Europe, would take over from interim chief executive...
...Overcoming expectationsNow, 10 years after joining Nikko, the Japanese fund management group, and after 25 years in finance, Drews is determined to try to remove the kinds of structural problem that she...
...In January, Japan’s sovereign development bank invested in UK life sciences for the first time through 4Bio Capital, a UK venture fund that backs advanced treatments such as cell and gene therapies....
...The gains were bigger than at rival banks JPMorgan Chase and Citigroup, which reported last week. Bank of America and Morgan Stanley report today....
...Elsewhere, the company said it would bank $25mn (£20mn) this year from changes to its system fund arrangements....
...And a probe to start: Austria’s anti-corruption prosecutors have opened an investigation into property mogul René Benko for allegedly defrauding a bank....
...Corinthia was publicly launched by Weightman only seven months ago to take advantage of the booming private credit market, which has grown to $1.7tn as many banks retreated from business lending after the...
...They sat on Signa’s boards, joined its management and were hired to open doors and raise funds....
...Risky business The US is pressing Austria’s Raiffeisen Bank International, the biggest western bank in Russia, to drop plans to buy a €1.5bn stake from a Russian tycoon, Reuters writes....
...Analysts at Bank of America said the deal should not worsen the outlook for capital returns at Aviva....
...Deutsche Bank: ‘this is good for bitcoin! Aargh!!!!’...
...developed by the International Finance Corporation — the World Bank’s investment arm....
...Banks such as Nomura, which owns a minority stake in Corinthia, have sought to build their own private credit fund businesses as they have watched fund managers including Ares, HPS Investment Partners, Sixth...
...There’s another motivation: the group already owns part of Hipgnosis Song Management, the fund’s manager and investment adviser....
...The manager, which McManus calls competitive with private banks “for all wealth levels”, takes a 0.75 per cent management fee on assets up to £100,000....
...Those who allocate capital to young, growing companies are the banks (for debt) and venture capital funds (for equity); in neither sector does indexing have an impact....
...Bank of America has tapped Lukas Poensgen as head of M&A for Germany, Austria and Switzerland, and Juan Vilarino Rumeu as head of M&A for Iberia....
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