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...The top US consumer finance watchdog has raised doubts about megamergers in the credit card industry, just as Capital One attempts to close its $35.3bn takeover of card issuer Discover Financial Services...
...BlackRock, JPMAM and State Street Global Advisors all joined in 2020....
...Consolidated financial statements are supposed to present the finances of a parent and its subsidiaries as a single group....
...However, new rules introduced by Ofwat last year prevent the payment of dividends from the operating company if they put the company’s financial resilience at risk or if a utility underperforms on social...
...*Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at igniteseurope.com....
...Thames Water — which supplies 16mn people in London and the surrounding area, or about a quarter of the population of England and Wales — has suffered a sharp drop in its bond prices after its parent company...
...In July 2021, the SEC fined UBS Financial Services, now owned by Credit Suisse, $8mn for holding short-term, volatility-linked ETPs for customers longer than designed....
...Demand for Microsoft’s AI services boosted sales by 7 percentage points during the quarter, up from 6 in the previous quarter and 3 in the one before that....
...State Street Global Advisors is to reduce the number of European listings for five exchange traded funds in order to concentrate liquidity....
FDIC board postpones votes on rival proposals that have alarmed the fund management industry
...Macquarie put in place a so-called “whole-business securitisation”, where the utility’s cash flows service different tiers of debt....
...JPMorgan Asset Management, Pimco and State Street Global Advisors this month announced they would leave Climate Action 100+, an initiative to encourage companies to take action on climate change....
...State Street Global Advisors is cutting fees on two of its exchange traded funds in Europe to 3 basis points, making them “even more accessible and affordable”....
...Since the patent’s expiration last May, several other companies including Fidelity, Morgan Stanley and Dimensional Fund Advisors have asked the SEC for permission to follow suit with ETF share classes of...
...In the US market, where JPMAM is the number two player to Dimensional Fund Advisors, active ETFs held $530bn of assets at the end of 2023, according to Morningstar, 8.5 per cent of a broader ETF market once...
...McKernan told the Financial Times he wants to monitor compliance with those “passivity letters” by asset managers....
...Even so, I imagine that plenty of those who keep the shares aloft until then would remain glad to have been of service....
...Margherita now says she is entitled to a stake in Dicembre, Exor’s parent company, based on her allegedly unlawful exclusion from her mother’s will....
...“The benefits are certainly of interest to asset managers, but the SEC, I think, will take a very cautious approach in terms of approval,” said Tim Huver, managing director on the US ETF services team at...
...Moody’s expects business services, healthcare and “high-tech industries” to have the most defaults this year....
...AbbVie said the incursion by rivals to Humira “was anticipated and contemplated” in its financial guidance....
...Just three providers control about 75 per cent of the assets in US exchange traded funds these days: BlackRock, Vanguard, and State Street Global Advisors....
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...In 2017, Kotak Mahindra launched its digital banking service called 881, which now accounts for about 95 per cent of its personal loans by volume....
...Spac Saviour A Spac deal involving Donald Trump’s social media platform Truth Social could provide the former US president with a financial lifeline to pay a $454mn penalty, the New York Times writes....
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