ExxonMobil along with 4 other companies have been removed from its board following non-compliance to key minimum requirements, including on emissions reporting and targets. In a significvant development, the Legal & General Investment Management, Britain’s biggest asset manager, has dumped… Read More ›
Intesa’s CEO has ruled out leading a rescue effort for Carige. On Wednesday, Intesa Sanpaolo’s Chief Executive Carlo Messina stated, it will not invest any more into an industry fund that could come to the rescue of struggling regional lender… Read More ›
Although neither BlackRock nor Carige gave a reason for the pullout, sources say BlackRock’s reasons include excessive risks. On Thursday, U.S. asset manager BlackRock stated, it has pulled out of a proposed rescue of Italian bank Carige, which raises the… Read More ›
The deal sees Blackstone Group LP entering into a Definitive Agreement to buy Gramercy Property Trust for $7.6 billion in cash. On Monday, Blackstone Group LP stated it would purchase acquire Gramercy Property Trust for $7.6 billion in cash…. Read More ›
BlackRock, the world’s biggest asset manager, piled up cash thanks to increased volatility in global markets. On Thursday, New-York-based BlackRock Inc, the world’s biggest asset manager, reported a rise of its net income to $1.09 billion as its first quarter… Read More ›
Calling on regulators to learn from Monday’s market turmoil, the world’s largest asset manager, asked that they be labeled differently from plain-vanilla ETFs such that investor can better associate risks pertaining to them. Following Monday’s steep decline in financial instruments… Read More ›
The likelihood of the Republican tax bill undergoing change is high since the House tax bill aims to not only cut taxes, which by itself is hard, but is also taking on provisions that are specific to certain industries, which… Read More ›
The move introduces some fresh blood in its top management. According to an internal memo from BlackRock Inc, the world’s largest asset manager, it has reshuffled its top regional management and has placed new new leadership at the head of… Read More ›
The acquisition of an alternative investment heavyweight such as Fortress assumes significance since it signifies a widening of SoftBank’s portfolio, which has typically catered to the technology and telecom sector. With the SoftBank Group Corp preparing to launch the world’s biggest… Read More ›
manageria.biz 