Chinese markets slip recently, aiding worry for more backup
China’s economy experienced a setback in May as both industrial output and retail sales growth fell short of expectations. This has raised concerns that the Chinese government will need to take additional measures to support the fragile post-pandemic recovery. The strong economic rebound witnessed earlier this year has lost momentum in the second quarter, prompting […]
Banks open fixed income front in Europe’s data price battle
The price of bond market data has risen by half over the past five years. This could prompt some users to quit the market and damage liquidity. Big banks and asset managers already say that data on share trades is too expensive. A complaint rejected by exchanges and the Association for Financial Markets in Europe (AFME) […]
Goldman Sachs to buy Dutch asset manager NNIP for around $2 BLN
Goldman Sachs said that it will buy Dutch insurer NN Group’s asset management arm for 1.7 billion euros ($1.98 billion) in the biggest acquisition by the U.S. company since David Solomon became chief executive in 2018. The deal is part of Solomon’s strategy to make the bank’s revenue stream less reliant on earnings from trading and […]
Artificial intelligence to rescue the asset managers for higher returns
All over the world there is a massive shake by the global economic impact of the Covid-19 crisis. This uncertainty has caused volatile markets across the sectors. The areas of asset management firms are under a lot of pressure currently, as they are trying to adapt to this new concept of post pandemic landscapes and […]