Thursday 17 June 2021

Reuters Global Investor: JPMorgan buys investment platform Nutmeg in UK retail push

JPMorgan buys investment platform Nutmeg in UK retail push

JPMorgan Chase has bought British digital wealth manager Nutmeg, as part of the U.S. giant's expansion into the UK retail banking and investment market.

As Fed taper inches closer, investors prepare for volatility ahead

As the Federal Reserve takes initial steps toward removing its massively accommodative policy, investors are preparing for the main show ahead.

How to handle a bidding war in a hot housing market

Over the last few years, if you were trying to buy a home in the United States, you were typically up against one other bidder for sales that closed.

'Meme' stock prices may not properly reflect demand -NYSE president

The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday.

EU assessment of banks banned from bonds sales to be done very soon – sources

The European Commission will make an assessment of banks it banned from EU Recovery Fund bond issuance very soon, which could see lenders re-admitted to the process, sources familiar with the situation told Reuters on Wednesday.

Morgan Stanley hires senior Credit Suisse dealmaker Weinberger -source

Morgan Stanley (MS.N) has hired Greg Weinberger from Credit Suisse Group (CSGN.S), a source familiar with the matter said on Wednesday, the most high-profile investment banking departure amid a glut of exits from the Swiss bank in recent weeks.

EXCLUSIVE Deutsche Telekom seeks investors to bankroll German internet overhaul - sources

Deutsche Telekom (DTEGn.DE) is offering investors stakes in a company it is creating to overhaul Germany's internet cables to help foot the bill for much-needed network modernisation, three people familiar with the matter said.

White House says child tax credit should boost economy, offset unemployment phaseout

The Biden administration expects the start of child tax credit payments in July to provide a solid boost to the U.S. economy that should more than offset a halt in extra unemployment benefits by 25 states, a White House official said on Tuesday.

U.S. IPOs hit annual record in less than six months

Wall Street's record-breaking run for stock market flotations shows no signs of slowing down.

Investors sue U.S. regulator over Trump-era AGM resolution rules

A group of investors sued Wall Street's regulator on Tuesday over rule changes that raise the bar for filing resolutions at annual shareholder meetings to call for new priorities or reforms.

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