Rocky market giving macro funds a boost
Hedge funds that bet on bonds, currencies, stocks and commodities are among the industry’s biggest winners this year easily outpacing growth and tech funds’ returns and preparing to see significant inflows of capital as the stock market hovers near bear market territory. So-called global macro funds returned 10.3% in the first four months of the […]
Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering
The U.S. Securities and Exchange commission said that Wells Fargo Advisors had agreed to pay $7 million to settle charges of anti-money laundering related violations. The regulator said Wells Fargo Advisors failed to file at least 34 Suspicious Activity Reports (SARs) in a timely manner between April 2017 and October 2021. Bank spokeswoman Shea Leordeanu […]
JP Morgan shareholders vote disapproval of CEO Dimon’s special payout
In an unusual rebuke for Jamie Dimon, CEO of JPMorgan Chase & Co, shareholders clearly disapproved of the special $52.6 million stock option award directors gave him last year to stay on the job for at least five more years. In an advisory say-on-pay referendum, only 31% of votes cast endorsed JPMorgan executive payments for […]
Fed’s Waller says now is the time to hit it on raising rates
Federal Reserve Governor Christopher Waller said that it is time to “hit it” on raising interest rates to deal with inflation that is too high and a labor market, with nearly two open jobs for every job seeker, that is out of whack. Waller told the Economic Club of Minnesota that it is time to […]
AIG profit beats estimates on strong underwriting gains
Insurer American International Group Inc reported a nearly 17% rise in quarterly profit that topped market estimates, as strong underwriting gains and lower catastrophe losses cushioned a drop in investment income. The company – one of the world’s biggest commercial insurers said that the gross premiums written in its general insurance business rose 7% in the […]
Now You Can Trade Multiple Assets with Fullerton Markets
Fullerton Markets has been providing traders with an unparalleled experience since it first opened its doors in 2016. For years, the broker primarily served as a Forex broker but now, offers stock and cryptocurrency CFD on top of commodities (precious metals) and indices. With this move, clients have access to multiple investment products that provide […]
Steven Mnuchin’s fund buys major stake
Liberty Strategic Capital, a Washington D.C.-based private equity fund founded by former U.S. Treasury Secretary Steven Mnuchin, has acquired a controlling stake in enterprise security firm Zimperium for $525 million. The deal is Liberty Strategic Capital’s first majority stake acquisition since its launch last year. It has also led late-stage funding rounds in cybersecurity firms […]
Japanese investors dump overseas bonds
Japanese investors sold the most overseas debt in a month. This is on concerns over monetary tightening by the world’s major central banks. According to Japan’s Ministry of Finance data, domestic investors sold a net 3.2 trillion Japanese yen ($27.64 billion) in overseas bonds. Meanwhile, the data showed they bought foreign equities worth 322 billion […]
Bridging loan – How it works
Bridging finance is a comparatively straightforward financial product. It offers a flexible and cost-effective alternative to conventional loans and mortgage. It is not until you see a bridging loan put to use in a practical context that the potential benefits of the facility become clear. Having already received a decision in principle on a bridging […]
UniCredit shares open down 8% on Ukraine crisis
Shares in UniCredit, whose Russian arm is one of the largest lenders in the country, fell as much as 8%. This fall was just before triggering an automatic trading suspension, that was hit by the escalation of the Ukraine crisis. Russian forces fired missiles at several cities in Ukraine. They also had landed troops on […]