Wealth
LATEST NEWS FROM WEALTH
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Bank of America, JPMorgan give U.S. staff paid time off for COVID-19 vaccinations-memo
The two largest U.S. banks, Bank of America Corp (BAC.N)and JPMorgan Chase & Co (JPM.N), are giving employees paid time off when it is their turn for the COVID-19 vaccine, accordin...
Wealth
Tech and financials boost $46.2 bln flows into global equity funds - BofA
Investors piling into tech and financial stocks helped equity funds attract $46.2 billion in their third-largest inflow on record in the week to Wednesday while inflation linked bo...
Wealth
COVID-19 vaccine vial maker Stevanato preps IPO valuing it at up to $5 bln -sources
Italy's Stevanato Group, manufacturer of glass vials for COVID-19 vaccines and other healthcare products, is making plans for an initial public offering this year that could value ...
Wealth
SE Asia's biggest travel app plans regional fintech expansion before 2021 listing
Traveloka, Southeast Asia's largest online travel startup, plans to launch financial services in Thailand and Vietnam as it eyes a U.S. listing through a blank-cheque company, its ...
Wealth
Analysis: High-flying ARK ETF falters, sparks fear of ripple effect
The steep slowdown in momentum stocks over the last week has been especially painful for ARK Invest's Cathie Wood, the top stock picker of 2020.
Wealth
Ratan Capital bounces back in 2020 after years of curve balls
A few years ago, Ratan Capital Management faced questions of survival due to bad bets that shriveled its capital and its founder settling regulatory charges about information shari...
Wealth
Swedish pest control group Anticimex plans pre-summer IPO -sources
Swedish pest control group Anticimex is finalising preparations for an initial public offering in Stockholm that could value the company at around 63 billion Swedish crowns ($7.60 ...
Wealth
Wells Fargo sells asset management arm to private equity firms for $2.1 bln
Wells Fargo & Co (WFC.N) said on Tuesday it had agreed to sell its asset management business, which manages more than $603 billion on behalf of customers, to private equity firms G...
Wealth
Schroders to form China wealth management venture with BOCOM
Schroders said on Monday it had received Chinese regulatory permission to form a majority-owned wealth management venture with a unit of Bank of Communications (BOCOM), the country...
Wealth
Dow Inc seeks buyers for German chemical parks infrastructure -sources
U.S. chemicals maker Dow Inc (DOW.N) has put German infrastructure assets up for sale in a potential 800 million euro ($966 million) deal as it seeks cash for investment elsewhere,...
Wealth
Robinhood to allow customers to deposit, withdraw cryptocurrencies
Online broker Robinhood said on Wednesday it intends to give customers the ability to deposit and withdraw cryptocurrencies, including the meme-based dogecoin.
Wealth
Lakestar's Hommels launches Frankfurt blank cheque company
German venture capitalist Klaus Hommels launched a blank cheque company in Frankfurt on Wednesday through his firm Lakestar, offering a route to the stock market for European tech ...
Wealth
Pay gap for U.S. female executives narrows but persists
Even women who make it to the top ranks of U.S. corporations face a persistent pay gap compared with men in leadership roles, a new study of corporate filings found.
Wealth
Goldman Sachs unveils Marcus Invest robo-adviser in consumer push
Goldman Sachs Group Inc (GS.N) is launching an automated wealth-management platform to invest customer funds across managed portfolios made up of exchange trade funds for stocks an...
Wealth
Goldman Sachs to launch digital investment platform in Marcus push
Goldman Sachs Group Inc (GS.N) is launching a digital wealth-management platform that allocates and rebalances customers' wealth across portfolios of stocks and bonds.
Wealth
Going all-in? Investors' cash levels dip to 2013 pre-taper-tantrum levels
Cash levels in investment portfolios have hit the lowest since just before the so-called taper tantrum of 2013, according to Bank of America's February fund manager survey, which a...
Wealth
Ex-UniCredit CEO Mustier, LVMH's Arnault form SPAC for financial deals
Former UniCredit boss Jean-Pierre Mustier is teaming up with France's richest man Bernard Arnault to launch a special purpose acquisition company (SPAC) aimed at European financial...
Wealth
UBS investment bank co-chief Novelli to join Euronext as chairman
Piero Novelli is to leave his job as co-chief of UBS Group's (UBSG.S) investment bank to become chairman of stock exchange operator Euronext (ENX.PA), leaving his colleague Robert ...
Wealth