 | | | | Investors pumped money into inflation protection and dumped some tech stocks, BofA's weekly fund flow data showed on Friday, as U.S. Federal Reserve policymakers hinted at discussing tapering of government bond purchases "at some point". | | | | | | Robinhood Markets Inc on Thursday unveiled a new platform that will give retail investors the opportunity to buy shares in initial public offerings, something that has long been the exclusive domain of Wall Street funds. | | | | | | Santander (SAN.MC) expects to triple revenues in its payments business PagoNxt to around 1 billion euros ($1.2 billion) in the next few years as it moves to compete with major players in the business such as Apple Pay and Stripe. | | | | | | Morgan Stanley (MS.N) announced a slew of leadership changes on Thursday, firing the starting gun on the competition to replace Chief Executive Officer James Gorman in the coming years. | | | | | | UBS (UBSG.S) said a fine imposed on it by the European Commission for anti-competitive behaviour would have an impact of about $100 million on its second-quarter results, adding that it was considering an appeal. | | | | | | European Union antitrust regulators fined UBS (UBSG.S), UniCredit (CRDI.MI) and Nomura (8604.T) 371 million euros ($452 million) on Thursday in connection with a European government bond trading cartel. | | | | | | China is tweaking its $1.2 trillion pension system to increase private sector involvement as its population ages rapidly and underfunding looms, but experts say fundamental changes are needed to provide adequate safety nets. | | | | | | A selloff in cryptocurrencies, high-growth stocks and other high-flying assets may be signalling a more cautious outlook among market participants after a stretch of rampant exuberance, investors and analysts said. | | | | | | Wells Fargo & Co said on Wednesday its investment institute is planning to evaluate and onboard an actively managed cryptocurrency strategy for its wealthy clients, the latest move by a major U.S. bank toward accepting digital currencies. | | | | | | JPMorgan Chase (JPM.N) has hired veteran banker Darren Novak from UBS to lead its shareholder activism defense efforts in Europe, the Middle East and Africa, three people familiar with the matter said. | | | | | |
