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...NYCB had been seen as one of the winners of the 2023 crisis that sank Signature, Silicon Valley Bank and First Republic....
...The 44 per cent collapse in New York Community Bancorp’s share price this week is a reminder of how tough navigating these two roadblocks will be....
...But, as Ebrahim Poonawala of Bank of America pointed out to me, the cause of the first problem, very fast growth, was acquisitions explicitly designed to solve the second problem, the concentration in regulated...
..., Signature and First Republic....
...Franklin Templeton’s experience suggests few investors are bothered about seeing their ownership of a mutual fund on a blockchain....
...A year later, it converted its first set of mutual funds into ETFs....
...The number of model portfolios that are built purely from ETFs has risen by 30 per cent since the first quarter of 2022, Guillette said, with the number of mutual fund-only structures falling 8 per cent...
...MSIM launched its ETF business a year ago, and in October filed plans to carry out its first mutual fund-to-ETF conversions....
...Futures traders have jumped on the arrival of the first US spot bitcoin exchange traded funds, ramping up a lucrative bet that capitalises on the volatile moves of crypto-related prices....
...“Loan growth is tepid across the industry,” Andrew Cecere, chief executive of US Bancorp, told analysts on its earnings call this week. “Demand for loans is quite low.”...
...The EU this morning announced investigations into Apple, Alphabet and Meta in the first applications of its landmark Digital Markets Act....
...Hours later, the two companies issued a mutual statement terminating the deal, citing the regulatory challenges. Adobe will pay Figma $1bn in a termination fee under the terms of the merger agreement....
...This year, the legal operations team at Liberty Mutual launched a programme that pairs its staff with lawyers to improve processes or apply new technologies in specific areas of the business....
...ETFs enjoyed inflows of €119.7bn over the course of the first 10 months of 2023, while mutual funds faced estimated net outflows of €61bn....
...The first ten of these new ‘spot’ bitcoin ETFs have already made an impact, attracting inflows of more than $7bn, combined, in less than two months after their January launch — before a more recent reverse...
...Spotting an electric truck on the road remains a novelty in most of the US, but not Normal, Illinois....
...This month the first ever spot bitcoin ETFs were launched, which collectively pulled in nearly $900mn in the first three days of trading....
...The first day of trading went “relatively smoothly”, said Matthew Sigel, VanEck’s head of digital assets research....
...Calamos Investments, one of the pioneers in convertible bond funds, has filed to bring its expertise to exchange traded fund investors nearly 40 years after first mutual fund offering....
...Both firms have converted existing mutual funds to ETFs, a process that allows funds to build on existing asset bases instead of starting from scratch....
...According to Fed data, customers pulled nearly $600bn in deposits from all US banks in the first quarter of this year....
...F/m Investments, a Washington DC-based multi-boutique has now become the first asset manager to file for exemptive relief to move in the opposite direction — creating mutual fund share classes of its existing...
...Out of 8,212 funds with approximately $17 trillion in assets (about 55.9 percent of the U.S. fund market), 57 percent of actively managed mutual funds and ETFs survived and beat their average passive counterpart...
...The top nine performing thematic funds in the first half of this year were focused on the theme of technological shifts, according to a report by WisdomTree....
...June also saw the debut of the T Rowe Price Capital Appreciation Equity ETF (TCAF) managed by David Giroux, who oversees the $50bn T Rowe Price Capital Appreciation mutual fund, another first....
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