 | | | | 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 (9716.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. | | | | | | Place your bets! The race to find the next Tesla (TSLA.O) is on but the search is turning up plenty of clunkers as well as potential superstars. | | | | | | Julius Baer (BAER.S) said it was on track to deliver on financial targets as the Swiss wealth manager posted an 8% rise in assets under management for the first four months of 2021 to 470 billion Swiss francs ($523.9 billion). | | | | | | When it comes to financial advice, you could do worse than listen to someone who helped steer more money than almost anyone else on the planet. | | | | | |
