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...A $111bn investment boutique owned by BNY Mellon is seeking seed capital from investors to enter the multi-manager hedge fund business dominated by the likes of US giants Citadel and Millennium....
...That level is where we want to be and that’s where we want to stay,” added Heck, who previously held senior roles at the Philadelphia 76ers basketball franchise and the New York Red Bulls soccer team....
...Additional reporting by Joshua Franklin and Jennifer Hughes in New York...
...continue to drag on US lenders....
...,” said Ben Slavin, global head of ETFs at BNY Mellon Asset Servicing....
...From Bill Brandt’s photos of cobbled northern English streets to Berenice Abbott and Fred Zinnemann’s evocative aerial views of the newly skyscrapered New York, these were an endless landscape of construction...
...One of the US’s top banking regulators will release a report on Tuesday detailing complaints of years of workplace harassment at the Federal Deposit Insurance Corporation....
...The US has eight G-SIBs: JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo....
...Lending by US banks dropped by $36bn in the first three months of the year compared to the end of 2023, the biggest quarterly drop in more than three years....
...While BNY Mellon had total net inflows of $17bn for the quarter, they were countered by $20bn outflows from active equities and index funds....
...Truly, ‘tis but a scratch, except to the status of New York as an international centre of finance and commerce....
...The Bank of England’s financial stability committee met today, and the subsequent report indicates that it remains antsy about the engorged size of Treasury basis trades....
...Now this rare masterpiece, “The Deposition from the Cross”, has been sold to the Metropolitan Museum of Art in New York in a transaction brokered by Sotheby’s....
...The prospect of US home ownership has hit a historic low for renters, according to a Federal Reserve Bank of New York survey that signalled an increasingly pessimistic view of the property market....
...Separately, the Costume Institute Benefit, aka the Met Gala, is held in New York....
...A top US bank regulator is proposing new limits on big bank mergers, in the wake of the failure of Silicon Valley Bank and two other banks last year, and the recent market turmoil around New York Community...
...US stocks were muted on Tuesday as comments from the president of the Minneapolis branch of the Federal Reserve signalled interest rates may remain higher for longer....
...An index compiled by VTS, a real estate technology company, shows New York is leading a recovery in office demand across the US....
...In a wide-ranging interview on Tuesday at the Economic Club of New York, Dimon said the state of the US economy was “unbelievable” and had been “booming for a while”....
...The US bank did not specify what it would do with all of the proceeds but said in a statement that it would donate about $1bn in Visa stock to its charitable foundation....
...Boston Fed president Susan Collins will participate in a fireside chat hosted by Massachusetts Institute of Technology’s Sloan School of Management....
...That would push Australia’s 4.35 per cent interest rate above 5 per cent, and closer to rates in the UK, US and New Zealand....
...Yields, which move in the opposite direction to Treasury prices, dropped on Wednesday as Federal Reserve chair Jay Powell hinted the US central bank’s next policy move was unlikely to be a rate rise....
...The largest US banks lent billions of dollars less in the first quarter, in a sign that corporate borrowers are paying down debt as interest rates hover at historically high levels....
...The Bank of Canada’s next rate decision is on June 5....
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