Friday, 23 March 2018

Twenty-First Century Fox replaces Bank of America in Sky lending syndicate

Twenty-First Century Fox replaces Bank of America in Sky lending syndicate

LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox has changed the group of banks lined up to help finance its proposed takeover of European pay-TV company Sky, replacing Bank of America with Citibank.

Goldman Sachs CEO says sovereign balance sheets look risky

BOSTON (Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein said on Thursday sovereign country balance sheets look risky to him as deficits become a larger percentage of their gross domestic product.

Australia's big banks broke laws and failed public, inquiry reveals

SYDNEY (Reuters) - Australia's top banks routinely and repeatedly breached laws when issuing home loans, credit cards and other consumer loans, according to a scathing summary of the first round of hearings at the country's inquiry into financial misconduct.

Vital Medicare counseling service escapes U.S. budget cuts for now

Catherine Jones lives on $930 a month in Social Security benefits, so every dollar counts for the retired Detroit nurse. Her income is low enough to qualify for a special Medicare program that covers Part B premium copayments and deductibles, but last April, something went wrong. For some reason, Medicare started charging her $134 each month for Part B.

Ackman exits Nike stake with $100 million in profit: source

(Reuters) - Investor William Ackman has stepped out of his Nike sneakers, at least in a financial sense.

Janus' Gross says U.S., global economies too leveraged for aggressive Fed

NEW YORK (Reuters) - Investors' expectations for three or four rate hikes by the Federal Reserve in 2018 are likely overblown while a bear market in bonds will be gradual and "non-threatening," influential bond investor Bill Gross said on Thursday.

Goldman Sachs no longer one of top three commodities banks

LONDON (Reuters) - Goldman Sachs lost its place among the top three earners of commodities-related revenue in 2017, falling below rivals JPMorgan , Morgan Stanley and Citibank for the first time, data from analytics firm Coalition showed.

Morgan Stanley to hire 80 in Paris after Brexit: source

LONDON/PARIS (Reuters) - Morgan Stanley plans to add 80 jobs in Paris after Britain's exit from the European Union, a source familiar with the matter said on Thursday, on top of around 200 the U.S. bank is set to transfer to its Frankfurt hub.

Deutsche Bank to reap $1.7 billion from asset management IPO

BERLIN (Reuters) - Deutsche Bank's asset management arm DWS set the price for its initial public offering on Thursday at a level which is expected to generate proceeds of about 1.4 billion euros ($1.7 billion) for Germany's largest bank.

UBS CEO says to expect 'more of the same' performance

ZURICH (Reuters) - UBS , the world's largest wealth manager, is seeing business in line with recent years so far in 2018, Chief Executive Sergio Ermotti said on Thursday.

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