 | | | | French asset manager Amundi (AMUN.PA) reported on Friday 7.2 billion euros ($8.55 billion) in net inflows in the second quarter, saying investors' appetite for more risky assets such as equity had improved in the quarter. | | | | | | Ethereum, the second-largest blockchain network, is about to undergo a technical adjustment that will significantly alter the way transactions are processed, as well as reduce the supply of the ether token and sharply boost its price. | | | | | | A group of banks and investors overseeing the shift of trillions of dollars to the new benchmark U.S. interest rate SOFR said on Thursday that they are recommending the use of the CME Group's term SOFR rates in a move that should boost the move away from Libor. | | | | | | Weeks before Archegos collapsed, Credit Suisse (CSGN.S) received what would turn out to be one of its final warnings from a junior analyst about the hedge fund's impending disaster. Just as with earlier red flags, stretching back years, it was ignored. | | | | | | A rebound in growth stocks over the last month is doing little to bolster the performance of Cathie Wood's ARK Innovation ETF, which has lagged this year after outperforming all other U.S. equity funds in 2020. | | | | | | A "lackadaisical" attitude towards risk and "a lack of accountability" were to blame for Credit Suisse's (CSGN.S) $5.5 billion loss on investment fund Archegos, according to a review published on Thursday, as the bank reported a near-80% fall in second-quarter profit. | | | | | | Morgan Stanley (MS.N)has raised the base pay for first and second-year bankers in its investment banking and global capital markets divisions, a person familiar with the matter told Reuters, following a trend set by Wall Street peers. | | | | | | China's banking and insurance regulator said on Thursday that it will guide insurers to increase investment in natural disaster insurance and enrich product offerings. | | | | | | Asset managers St James's Place (SJP.L), Rathbone (RAT.L) and Man Group (EMG.L) saw billions of pounds in inflows during the first half of the year, as household savings jumped during COVID-19 lockdowns, their results showed on Wednesday. | | | | | | Lloyd's of London insurer Lancashire (LRE.L) posted a pre-tax profit of $54.1 million in the first half, helped by rising premium rates, it said on Wednesday, with the results coming in above analysts' forecasts. | | | | | |
