 | | | | Credit Suisse's top management are under pressure to come up with an overhaul plan for the scandal-hit Swiss bank that could include a potential merger with rival UBS (UBSG.S), three people familiar with its thinking told Reuters. | | | | | | Only 10% of institutional investment firms surveyed by JPMorgan trade cryptocurrencies, with nearly half labelling the emerging asset class as "rat poison" or predicting it would be a temporary fad. | | | | | | Britain's Melrose Industries (MRON.L) on Tuesday laid out plans to return about 730 million pounds ($1.01 billion) in cash to its shareholders after the company sold its Nortek Air Management business, sending its shares 3% higher. | | | | | | UBS (UBSG.S) has hired two bankers from Morgan Stanley (MS.N) to help build its trading services for hedge funds and asset managers in the United Sates, according to a memo seen by Reuters and confirmed by a spokesperson for the Swiss bank. | | | | | | A small Texas investor who caused shares of a real estate investment trust to plunge 39 percent in a day has agreed to pay the company restitution to settle a lawsuit against him, a rare development that could embolden other companies to pursue such claims. | | | | | | Swiss wealth and asset manager Pictet Group on Monday appointed Elif Aktug as managing partner, the first woman to hold that position in the private bank's 216-year history. | | | | | | At Home Group Inc's (HOME.N) largest investor, CAS Investment Partners LLC, is urging shareholders to join it in rejecting the home furnishing retailer's proposed sale, arguing that even after this week's price increase the offer remains far too low. | | | | | | Nomura, Unicredit (CRDI.MI), Credit Agricole (CAGR.PA), JPMorgan (JPM.N), Citibank (C.N), Barclays (BARC.L), Bank of America (BAC.N) and Deutsche Bank (DBKGn.DE) can take part in the next syndicated debt sale backing the European Commission's up to 800-billion-euro ($950.7 billion) COVID-19 recovery fund, a Commission source said on Friday. | | | | | | Eight banks previously excluded from syndicated debt sales backing the European Commission's up to 800-billion-euro ($950.7 billion) COVID-19 recovery fund will be allowed to take part in future issues, the EU executive said on Friday. | | | | | | Sumitomo Corp (8053.T) shareholders on Friday rejected a proposal requiring the trading house to align its business with global climate change targets in a victory for the board over activist investors seeking more action on environmental issues. | | | | | |
