Archive for Financial News

Private equity investors fret about managers overpaying for deals

Some of the world’s biggest private equity investors raised concerns this week that the $3.4 trillion leveraged buyout industry is overheating, as more fund managers pay top dollar for acquisitions…

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Category: PersonalFinance

Big U.S. pension funds ask electric utilities for decarbonization plans

Top U.S. pension funds are asking electric utilities to accelerate efforts to cut carbon emissions but will not force the issue with proxy resolutions this spring, hoping market shifts and falling…

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Category: PersonalFinance

Wells Fargo starts settlement talks with Justice Dept, SEC

Wells Fargo & Co said on Wednesday that it entered preliminary settlement discussions with the U.S. Department of Justice and the Securities and Exchange Commission over previously disclosed probes…

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Category: PersonalFinance

U.S. charges My Big Coin virtual currency firm founder with fraud

The founder of a Nevada-based company was arrested on Wednesday on federal charges that he participated in a $6 million scheme to defraud people who wanted to buy a virtual currency called My Big…

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Category: PersonalFinance

Ubben’s socially conscious ValueAct Spring Fund bets on workplace wonk

Jeffrey Ubben’s ValueAct Spring Fund, which invests in companies aiming to address environmental and social problems, is making a bet on an academic-turned-hedge-fund-manager who picks stocks based…

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Category: PersonalFinance

Poor finish derails investment banking comeback in 2018

Revenues at the world’s largest investment banks slumped to their lowest level for eight years in the second half of 2018, spoiling an otherwise improved year after a tough decade since the financial…

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Category: PersonalFinance

Why some U.S. fund managers like China regardless of trade deal

U.S. President Donald Trump’s decision to delay raising tariffs on $200 billion worth of Chinese goods has helped push global stock markets broadly higher as investors hope for a resolution in the…

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Category: PersonalFinance

JPMorgan keeps key profit goal, cautious on U.S. recession risks

JPMorgan Chase & Co, the biggest U.S. bank by assets, said on Tuesday it expects to face rising costs for deposits, a key part of its business, and slowing global economic growth.

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Category: PersonalFinance

JPMorgan keeps key profit goal, says wary of U.S. recession risks

JPMorgan Chase & Co on Tuesday maintained its key profit goal for the next three years, but its chief financial officer warned the forecast does not reflect significant risks that could speed the…

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Category: PersonalFinance

Julius Baer gets into crypto banking with SEBA partnership

Julius Baer plans to offer access to digital assets through a partnership with Swiss start-up SEBA Crypto in the latest move into cryptocurrencies by a Swiss private bank.

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Category: PersonalFinance

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