Thursday, 10 June 2021

Reuters Global Investor: Online trading group CMC plans expansion into wealth management

Online trading group CMC plans expansion into wealth management

British online trading group CMC Markets (CMCX.L) on Thursday set out plans to launch a wealth management platform, going head to head with existing players such as Hargreaves (HRGV.L) and AJ Bell (AJBA.L), after reporting a doubling in annual profits.

Thomson Reuters shareholder support for human rights review rises

A shareholder proposal for Thomson Reuters Corp (TRI.TO) to review human rights issues emerging from its U.S. government contracts gained increased investor support but failed to win approval at the company's annual meeting on Wednesday.

Morgan Stanley appoints E*Trade leaders to top wealth division jobs

Morgan Stanley (MS.N) appointed several executives from E*Trade to senior roles on Wednesday in a leadership shuffle that brings leaders from the online broker into the top ranks of the firm's wealth management division, according to a memo seen by Reuters.

The crypto-space needs more regulation to grow, Novogratz says

More regulation of the cryptocurrency space is needed to help institutional investors become more comfortable with digital assets and have the burgeoning asset class really take off, Mike Novogratz, founder of crypto investment firm Galaxy Digital said on Wednesday.

Private equity vows to help the world. Lenders want proof

Words can be cheap in the market for loans, now some lenders want to change that.

The cost of caregiving: When financial and emotional stress compound

When Lynda Steele's father was diagnosed with Alzheimer's a couple of years ago, she faced an impossible choice.

U.S. investigates disclosure of tax records on rich Americans

The Treasury Department has asked law enforcement authorities to investigate the disclosure of tax records cited in a media report that showed that some of America's richest people paid little to no income taxes, U.S. officials said on Tuesday.

No inflation fears here: ARK's Wood says portfolio should triple in five years

Lower prices for growth stocks as a result of the inflation-driven selloff that began in February should mean that Ark Investment's portfolios should see a "more than tripling" over the next five years, star fund manager and firm founder Cathie Wood said in a webinar on Tuesday.

BlockFi in talks to raise funding at about $5 bln valuation - The Information

Cryptocurrency startup BlockFi is in late-stage talks with new and existing investors to raise funding at a valuation of about $5 billion, the Information reported on Tuesday.

In shift, top U.S. fund group backs sustainability disclosure rules

An investment industry leader on Monday urged U.S. regulators to require listed companies to disclose greenhouse gas emissions data and worker demographic information, endorsing efforts to make such details available to ordinary shareholders.

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