180 executives participating in the annual Global Regulatory Outlook survey working in asset management, private equity, hedge funds, banking and brokerage houses placed New York above London as the world’s top financial center. On Tuesday, as per the results… Read More ›
Although regulators introduced MiFID II in order to bring about increased transparency and ensure that investors get a fairer deal, but with the reduced cost of market research, the market dominance by large financial institution is quickly becoming an issue…. Read More ›
Brussels will consider Britain’s request only after the transition period which ends at the end of 2020. As per a senior official from Germany’s finance ministry, the European Union is unlikely to widen the access to its financial markets after… Read More ›
There is a growing nervousness amongst investors since the window of opportunity of avoiding a trade war is rapidly closing. On Friday, with media reports stating that U.S. President is set to impose “pretty significant” tariffs against China, shares across… Read More ›
Nippon Life Insurance’s move is in line with the insurance industry’s efforts to divert funds into foreign corporate bonds and alternative investments, however the rise of interest rates in the U.S. is likely to pose a challenge to its strategy… Read More ›
Luxembourg and Dublin have emerged as favorites among firms who are shifting their European operations from Britain following Brexit. According to sources familiar with the matter at hand, Goldman Sachs has picked Dublin as a location for its administrative staff… Read More ›
With the Republican-led U.S. tax overhaul slated to successfully pass through the U.S. Congress by this week, taxpayers and accountants are working overtime to optimize the impact of the revised U.S. tax code on their tax profile. With the Republican… Read More ›
The deal underscores Mexico’s potential in the asset management market. On Tuesday, the world’s biggest asset manager, BlackRock Inc stated it had agreed to acquire the asset management business of Mexico’s Citibanamex, a subsidiary of Citigroup Inc. The deal underscores… Read More ›
Here’s how Powel’s appointment could impact the U.S. economy as well as the strength of its currency. On Thursday, U.S. President Donald Trump is expected to nominate Jerome Powell, the Federal Reserve’s Governor as the next chairman of the U.S…. Read More ›
Larry Fink sees the waters in the asset management scene as choppy in the short run. Larry Fink, the CEO of the BlackRock Inc, the world’s largest asset manager, has said he sees a wave of mergers and acquisitions taking… Read More ›
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