Live Breaking News & Updates on Investment banking and brokerage

Stay informed with the latest breaking news from Investment banking and brokerage on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Investment banking and brokerage and stay connected to the pulse of your community

Why Fed rate hikes take so long to affect the economy

The Federal Reserve's interest rate increases may slow economic growth for a decade or more, according to a recent estimate from San Francisco Fed economists.

San-francisco , California , United-states , New-york , American , Roger-ferguson , Douglas-holtz-eakin , Christopher-waller , Wells-fargo , American-action-forum , Federal-reserve-bank , Federal-reserve

UOB sees stronger 2024 outlook, Q3 net profit trails estimate

UOB, Singapore's third-largest bank by assets, projected mid single-digit loan growth and double-digit fee growth for its 2024 outlook.

Singapore , Citigroup , United-overseas , Southeast-asia , Wee-ee-cheong , Earnings , United-overseas-bank-ltd , Banks , Asia-economy , Personal-loans , Regional-banking

China bans Nomura senior investment banker from leaving mainland: sources

Authorities in China have ordered a senior Nomura Holdings banker overseeing the firm's investment banking operations not to leave the mainland, sources said.

Zhong-de , Jilin , China , Hong-kong , Shanghai , Cong-lin , Chongqing , Beijing , Chinese , Nomura-wang , Wang-wenbin , Charles-wang-zhonghe

SocGen beats second quarter estimates on cost control, car leasing unit

SocGen reported a 900 million-euro group net income for the three months-period ending in June, above the average analyst estimate of 670 million euros.

France , Frederic-oudea , European-central-bank , Financials , Investment-banking-and-brokerage , Societe-generale-sa , Vehicle-sales , Eu , Regional-banking , Central-banking , France-government , Corporate-stock

BNP Paribas beat estimates on debt financing, cost management

BNP Paribas, the euro zone's biggest bank, beat estimates in the second quarter

France , Canada , French , Royal-bank , European-central-bank , Bnp-paribas , Europe , Banking-and-credit-regulation , Investment-banking-and-brokerage , Bnp-paribas-sa , Earnings-announcements

Deutsche Bank's Sewing sticks to targets, promises dividend in 2022

Christian Sewing, who has been leading Deutsche Bank since April, said the lender has come a long way over the last few months.

Germany , Deutsche-bank , Investment-banking-and-brokerage , Commercial-banking , Deutsche-bank-ag , Banks , Europe-news , Politics , Business-news ,

Ameriprise Financial to Acquire BMO's EMEA Asset Management Business

Press release content from Business Wire. The AP news staff was not involved in its creation.
Ameriprise Financial to Acquire BMO’s EMEA Asset Management Business
April 12, 2021 GMT
MINNEAPOLIS, BOSTON & LONDON--(BUSINESS WIRE)--Apr 12, 2021--
Ameriprise Financial, Inc. (NYSE: AMP) today announced that it has signed a definitive agreement with BMO Financial Group (BMO) to acquire its EMEA asset management business for £615 million, or approximately $845 million. The all-cash transaction adds $124 billion of AUM in Europe and is currently expected to close in the fourth quarter of 2021, subject to regulatory approvals in the relevant jurisdictions.
ADVERTISEMENT
The acquisition will further accelerate Ameriprise’s core strategy of growing its fee-based businesses and increase the overall contribution of Wealth Management and Asset Management within its diversified business. Together with BMO’s EMEA asset management business, Ameriprise will have more than $1.2 trillion of assets under management and administration.

Germany , United-states , Hong-kong , Netherlands , United-kingdom , Massachusetts , Singapore , Boston , Luxembourg , Canada , France , London

Loomis Sayles Welcomes Susan Sieker as Chief Financial Officer

Press release content from Business Wire. The AP news staff was not involved in its creation.
Loomis Sayles Welcomes Susan Sieker as Chief Financial Officer
April 12, 2021 GMT
BOSTON--(BUSINESS WIRE)--Apr 12, 2021--
Loomis, Sayles & Company, an affiliate of Natixis Investment Managers, announced today that Susan Sieker has joined Loomis Sayles as executive vice president and chief financial officer (CFO). She also joins the Loomis Sayles Board of Directors. Susan reports to Kevin Charleston, chairman and chief executive officer of Loomis Sayles, and will oversee the finance organization.
ADVERTISEMENT
Susan joins Loomis Sayles from Cambridge Associates, where she was the chief financial officer and oversaw financial planning and analysis, treasury, accounting operations, financial reporting, payroll and taxes. Prior to joining Cambridge Associates in 2012, Susan served in a variety of finance and risk leadership roles at Brinker International, including vice president and treasurer, vice president of global infrastructure, vice president of benefits, vice president of business assurance (enterprise risk management) and as director of internal audit. She began her career at PricewaterhouseCoopers, where she specialized in financial services and completed a two-year international secondment in Brazil. Susan earned a BBA in accounting from Southern Methodist University and holds her certification in public accountancy (CPA).

Boston , Massachusetts , United-states , Cambridge , Cambridgeshire , United-kingdom , Paris , France-general , France , Brazil , Kevin-charleston , Susan-sieker

Franklin Templeton Launches Corporate Social Responsibility Report

Press release content from Business Wire. The AP news staff was not involved in its creation.
Franklin Templeton Launches Corporate Social Responsibility Report
April 12, 2021 GMT
SAN MATEO, Calif.--(BUSINESS WIRE)--Apr 12, 2021--
Franklin Templeton has launched its Corporate Social Responsibility (CSR) Report in recognition of the firm’s long-standing belief that being a responsible corporate citizen is vital to the long-term sustainability of its business, in addition to the well-being of the communities in which its employees live and work. Franklin Templeton has established specific goals for fiscal year 2021 focused on three areas: environmental, social and governance (ESG) investing; the environment; and diversity and inclusion (D&I).

California , United-states , Connecticut , Lisa-tibbitts , Legg-mason , Kristin-kosmides , Jenny-johnson , Franklin-templeton , Martin-currie , Linkedin , Environmental-committee , Twitter

Delaware Enhanced Global Dividend and Income Fund Announces Distributions

Press release content from Business Wire. The AP news staff was not involved in its creation.
Delaware Enhanced Global Dividend and Income Fund Announces Distributions
April 5, 2021 GMT
PHILADELPHIA--(BUSINESS WIRE)--Apr 5, 2021--
Today, Delaware Enhanced Global Dividend and Income Fund (the “Fund”), a New York Stock Exchange–listed closed-end fund trading under the symbol “DEX,” declared a monthly distribution of $0.0586
per share. The monthly distribution is payable April 30, 2021, to shareholders of record at the close of business on April 23, 2021. The ex-dividend date will be April 22, 2021.
The Fund’s primary investment objective is to seek current income, with a secondary objective of capital appreciation. The Fund invests globally in dividend-paying or income-generating securities across multiple asset classes, including but not limited to: equity securities of large, well-established companies; securities issued by real estate companies (including real estate investment trusts and real estate industry operating companies); debt securities (such as government bonds; investment grade and high risk, high yield corporate bonds; and convertible bonds); and emerging market securities. The Fund also uses enhanced income strategies by engaging in dividend capture trading; option overwriting; and realization of gains on the sale of securities, dividend growth, and currency forwards. There is no assurance that the Fund will achieve its investment objectives.

Delaware , United-states , Australia , Commonwealth-of-australia , Jessica-fitzgerald , Daniela-palmieri , York-stock-exchange , Income-fund-the , Macquarie-group , Delaware-enhanced-global-dividend , Macquarie-bank-limited , Macquarie-investment-management-business