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Lloyds Banking Group (NYSE:LYG) Price ta...

Lloyds Banking Group (NYSE: LYG – Get a rating) saw its price target reduced by stock analysts to JPMorgan Chase & Co. from GBX 63 ($0.83) to GBX 56 ($0.73) in a report released on Monday, Fly reports. Several other research analysts have also recently weighed in on LYG. Zacks Investment Research upgraded Lloyds Banking […]

Amundi US Declares Monthly Distributions...

BOSTON–(BUSINESS WIRE)–March 4, 2022– Amundi US today announces the declaration of dividends for six Pioneer closed-end funds for March 2022. Ex-Date: March 16, 2022 Registration Date : March 17, 2022 Payable: March 31, 2022 (HNW, PHD, PHT, MHI, MIO) Payable: April 1, 2022 (MAV) Teleprinter Taxable funds Distribution Per share Change The preceding month HNW […]

Russia retaliates by confiscating funds ...

Russia would retaliate for the seizure of money from Russian citizens and businesses abroad by seizing funds from foreigners and foreign businesses in Russia, Dmitry Medvedev, deputy head of the Security Council, said on Saturday, according to the RIA news agency. According to Medvedev, Moscow does not rule out nationalizing the assets of companies registered […]

Delaware Investments National Municipal ...

PHILADELPHIA CREAM–(BUSINESS WIRE)–Today, Delaware Investments National Municipal Income Fund (NYSE American: VFL) (the “National Muni Fund”), a closed-end fund listed on the New York Stock Exchange and trading under the symbol “VFL”, announced declared a monthly distribution of $0.0450. per share. The monthly distribution is payable on February 25, 2022 to shareholders of record at […]

Amundi US Declares Monthly Distributions...

BOSTON–(BUSINESS WIRE)–February 3, 2022– Amundi US today announces the declaration of dividends for six Pioneer closed-end funds for February 2022. Ex-Date: February 17, 2022 Registration Date : February 18, 2022 Payable: February 28, 2022 Teleprinter Taxable funds Distribution Per share Change The preceding month HNW Pioneer Diversified High Income Fund, Inc. $0.1100 DOCTORATE Pioneer Floating […]

WisdomTree Investments (NASDAQ:WETF) Rep...

WisdomTree Investments (NASDAQ:WETF) announced its quarterly earnings data on Friday. The asset manager reported EPS of $0.10 for the quarter, beating Zacks consensus estimate of $0.09 by $0.01, MarketWatch Earnings reports. WisdomTree Investments had a return on equity of 20.71% and a net margin of 8.50%. The company posted revenue of $79.20 million for the […]

Analysts expect Columbia Banking System,...

Analysts expect Columbia Banking System, Inc. (NASDAQ:COLB) to report sales of $164.60 million for the current fiscal quarter, Zacks reports. Two analysts released earnings estimates for Columbia Banking System, with the highest sales estimate of $167.30 million and the lowest estimate of $161.90 million. Columbia Banking System posted sales of $154.67 million in the same […]

After supporting China Evergrande, this ...

He was once hailed as the future of China’s bank, a private lender that would strike money by outwitting public rivals. An unfortunate surge in home loans instead turned China Minsheng Banking Corp. one of the biggest victims of the real estate debt crisis that is shaking Asia’s largest economy. Beaten by growing losses on […]

Westpac Banking (NYSE: WBK) stock rating...

Westpac Bank (NYSE: WBK) was upgraded by Zacks Investment Research from a “strong sell” rating to a “conservation” rating in a research note issued to investors on Friday, Zacks.com reports. According to Zacks, “Westpac Banking Corp. provides a wide range of banking and financial services. The company provides general banking services to retail, commercial and […]

Delaware Funds by Macquarie® Municipal I

Today, the following three municipal income funds, all closed-end investment companies, declare their monthly dividends: Delaware Investments Colorado Municipal Income Fund, Inc .; Delaware Investments National Municipal Income Fund; and Delaware Investments Minnesota Municipal Income Fund II, Inc. (collectively, the “Funds & CloseCurlyDoubleQuote;). The investment objective of Delaware Investments Colorado Municipal Income Fund, Inc. and […]

Mutual fund disclaimers in TV commercial...

Piyush Goyal said mutual fund warnings in TV ads shouldn’t rush Bombay: Expressing his displeasure at the warnings in the mutual fund (FM) TV commercials rushing before the viewer can even read them, Commerce and Consumer Affairs Minister Piyush Goyal said on Wednesday that critical information about financial instruments should be disseminated at the same […]

Mutual funds add ₹ 7 lakh crore to kitty

While it may not be an easy financial environment in 2022, some experts are hopeful that the impact of the Omicron variant of the novel coronavirus may not be as severe as those seen in the first two waves of the pandemic. “To a large extent, the world has learned to live with COVID and, […]

Business events – January 2022

Open Chopt Creative Salad Company, a New York-based farm-to-fast food restaurant chain, is slated to open its restaurant at 708 Montgomery Highway, Suite 108, in January. Chopt will offer a variety of ways to order its creative salads, wraps and hot bowls on the spot, including its new group ordering feature, curbside pickup, advance ordering […]

will rising interest rates increase the ...

Interest rate hikes to curb inflation are widely anticipated in 2022. They could have a major impact on the foreign exchange market. The US Federal Reserve (Fed) announced on December 15 that it would “reduce the monthly pace of its net asset purchases by $ 20 billion for Treasury securities and $ 10 billion for […]

Apollo Global takes over financial manag...

Apollo Global Management is buying the US $ 5 billion wealth distribution and asset management business from retail manager Griffin Capital, an Apollo spokesperson said in an email. Terms of the contract are not disclosed. Griffin has “one of the only large-scale distribution teams” in the United States exclusively focused on alternative investments. Apollo executives […]

Amundi US Reports Monthly Distributions ...

BOSTON – (BUSINESS WIRE) – December 1, 2021– Amundi US today announced the declaration of dividends from six closed Pioneer funds for December 2021. Departure date: December 10, 2021 Recording date: December 13, 2021 Payable: December 20, 2021 Teleprinter Taxable funds Distribution Per share Change The preceding month HNW Pioneer Diversified High Income Fund, Inc. […]

SIP In Debt Funds – Here’s Why They Are

Setting aside a set amount of money each month specifically for saving or investing is the best way to build wealth. For people willing to invest a fixed amount each month rather than a one-time investment of a huge amount, starting a SIP is the most preferred option today. The fall in the interest rate […]

Zacks: Analysts predict SEI Investments ...

Equity research analysts expect SEI Investments (NASDAQ: SEIC) to post earnings per share (EPS) of $ 0.95 for the current quarter, according to Zacks investment research. Four analysts have made estimates for the earnings of SEI Investments. The lowest EPS estimate is $ 0.92 and the highest is $ 0.98. SEI Investments reported earnings per […]

VM Investment to acquire Republic Funds ...

Mutual Victoria Investments Limited, VMIL, has entered into an agreement with Republic Bank (Barbados) Limited to acquire 100% of the shares of Republic Funds (Barbados) Inc. Republic Funds owns and operates Republic Bank Barbados, which comprises the companies Republic Property Fund, Republic Income Fund and Republic Capital Growth Fund. VMIL expects the transaction to close […]

BOK Financial announces changes in Credi...

TULSA, Oklahoma, November 23, 2021 (GLOBE NEWSWIRE) – BOK Financial has made changes within its leadership team to better position the company for growth in the years to come. Marc Maun has been appointed regional director of banking services for Arizona, Colorado, Kansas, Missouri, New Mexico and Oklahoma, and will also be responsible for cash […]

Voya Equity Closed-End Funds Declare Dis...

SCOTTSDALE, Arizona – (BUSINESS WIRE) – November 15, 2021– Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), today announced the monthly distribution on the common shares of one of its closed-end funds. With regard to the Fund, the distribution will be paid on December 15, 2021 to shareholders of record […]

HSBC plans to re-enter private banking i...

HSBC Holdings Plc is ahead of its hiring targets for its retail wealth management business in China and plans to re-enter the private banking business in India, senior executives said, as part of its plan to do so. of Asia and the wealth of the pillars of growth. As part of a strategy led by […]

HSBC Asset Management announces changes ...

Vancouver, British Columbia – (COMMERCIAL THREAD) – HSBC Global Asset Management (Canada) Limited, manager of HSBC’s mutual funds, today announced changes to its mutual funds. The changes include a new Series D and capping its Manager Series to new investors. New D series units HSBC Global Asset Management (Canada) Limited today announced the launch of […]

Fidelity appoints regional head of priva...

He brings over 15 years of experience in the asset management and private banking industries. Fidelity investment manager appointed Johann santer as APAC ex-Japan regional manager for private banking and wealth management, and will lead an expanded team of senior distribution experts in Hong Kong and Singapore, the company said in a statement on Monday. […]

AfDB to integrate AfCFTA to boost trade ...

By Kester Kenn Klomegah Russian VTB Capital and Credit Suisse have agreed to pay US and UK authorities fines for their role in a commercial fraud, known as the “hidden debt” scandal since 2013 in Maputo, Mozambique. According to reports, after the final ruling on the case, the US Securities and Exchange Commission (SEC) announced […]

BMO Investments Inc. announces changes t...

TORONTO, October 29, 2021 / CNW / – BMO Investments Inc. (the “Manager”), the manager of BMO investment funds, today announced management and administration fee reductions for certain series of securities of BMO Money Market Fund , as well as a portfolio manager and / or a change sub-advisor for certain funds. Management and Administration […]

KKR to Present at BofA Securities 2021 B...

NEW YORK – (BUSINESS WIRE) – October 27, 2021– KKR & Co. Inc. (NYSE: KKR) today announced that Pete Stavros, Partner and Co-Head of Private Equity for the Americas, will attend the BofA 2021 Banking and Financials conference on Wednesday, November 10, 2021 at 1 p.m. 40 ET. A live webcast of the presentation will […]

China mutual funds reach $ 3.75 billion ...

TOKYO / SHANGHAI – As the China Evergrande group debt crisis rocked Chinese financial markets, the Chinese version of Twitter came alive with posts talking about mutual funds. “99.99% of people should buy mutual funds instead of picking stocks themselves,” a post on Weibo read. “These are the reasons I recommend mutual funds over individual […]

Cooperative bank in shock merger approac...

The Co-operative Bank has taken a bold approach to a merger with TSB in a move that could spark a new wave of consolidation among mid-sized UK lenders. Sky News learned that the Co-operative Bank contacted TSB’s Spanish owner Banco Sabadell earlier this month to assess its appetite for a deal. Picture: The Spanish owner […]

China Evergrande prepares funds for paym...

Breadcrumb Links PMN company Author of the article: Reuters Clare Jim and Andrew Galbraith Content of the article HONG KONG / SHANGHAI – China Evergrande Group has provided funds to pay interest on a US dollar bond, a person with first-hand knowledge of the matter told Reuters on Friday, days before a deadline that allegedly […]

Morgan Stanley Poll: Pension Funds Pave ...

NEW YORK – (BUSINESS WIRE) – October 20, 2021– According to a new report and survey released by Morgan Stanley, while a large majority of pension funds say that including gender and race diversity in investment decisions can be financially beneficial, more than the half of asset owners globally say they think they have to […]

Balasubramanian elected president of the...

Balasubramanian was elected President of the Association of Mutual Funds in India at the recent AMFI Board of Directors meeting. Balasubramanian is CEO of Aditya Birla Sun Life Asset Management. He would succeed Nilesh Shah, Managing Director of Kotak Mutual Fund. Balasubramanian previously served as AMFI President between 2017 and 2019 and will now continue […]

Bitcoin Investments Spin Again From Ethe...

Source: Adobe / memorystockphoto Last week ended with “growing investor confidence” in the digital asset market, with bitcoin (BTC) in particular once again becoming a more preferred investment at the expense of Ethereum (ETH), according to data from the company. crypto-asset management. CoinShares. According to the firm’s weekly report on digital asset fund flows, which […]

Delaware Investments® Dividend and Incom

PHILADELPHIA CREAM – (COMMERCIAL THREAD) – Today Delaware Investments Dividend and Income Fund (the “Fund”), a closed-end fund listed on the New York Stock Exchange and traded under the symbol “DDF”, declared a monthly distribution of 0.0677 $ per share. The monthly distribution is payable on October 29, 2021 to shareholders of record at the […]

Swiss regulator approves first crypto in...

Safe and sound money © 2014 Bloomberg Finance LP The Swiss financial regulator has issued two approvals for a national cryptocurrency investment fund and a national digital asset custody service, just days after the Chinese central bank claimed that bitcoin and other financial blockchains posed a threat to economic stability. The Federal Financial Market Supervisory […]

H2O clients seek forensic expert to inve...

H2O Asset Management is facing legal action from investors over its support for the business empire of German financier Lars Windhorst, which plunged the once high-profile fund manager into crisis two years ago. Collectif Porteurs H2O, an investor group that includes insurance companies and high net worth individuals, has said it will ask a French […]

From retirement, mutual funds to investi...

Several major changes in banking and other sectors that will take effect from next month are likely to greatly affect people’s daily lives. Reports suggest that changes will be implemented in retirement rule, bank check books, investment rules and more. From October 1, retirees aged 80 and over will have the opportunity to submit their […]

Abrdn’s total return bond team withdraws

Vice President and Senior Portfolio Manager Lynn Chen, Senior Portfolio Manager and Sovereign Analyst Rajat Ahuja, Senior Portfolio Manager and Corporate Analyst Svetlin Krastev and Senior Portfolio Manager and Securitized Analyst Michael Waggaman have all joined American Century in September. Nomura AM and American Century Investments launch the Advanced Medical Impact fund The strategy uses […]

PGIM Investments is recruiting a trio of...

Lendormy joined Robeco where he served as Executive Director of the Wholesale Distribution Division and Global Financial Institutions, leading the coordination of GFI. During his 13-year tenure, Lendormy held a number of positions, including EMEA Key Account Manager for GFI, UK Wholesale Distribution Manager and Fixed Income Portfolio Manager. Prior to joining Robeco, Lendormy held […]

Top 5 Benefits of AI in Banking & Financ

Artificial intelligence (AI) has come a long way since 2016, when AlphaGO, a computer program, first beat an 18-time world champion at the game of GO. Artificial intelligence dramatically increases value across a wide range of industries. The banking and financial sector is no exception. The full adoption of AI in banking and finance is […]