 | | | | Julius Baer (BAER.S) on Wednesday posted a 23.4% rise in half-year net profit to 606.0 million Swiss francs ($657.9 million), as strong markets and continued client inflows helped the Zurich-based wealth manager grow business. | | | | | | It was poised to be William Ackman's brilliant pivot from activist hedge fund manager to prominent dealmaker. It ended up souring his rebranding. | | | | | | UBS (UBSG.S) expects positive business momentum to continue on the back of client optimism, Chief Executive Ralph Hamers said on Tuesday, even as the bank expects activity to slow down compared to a bumper second-half of 2020. | | | | | | In this manic era of meme stocks, cryptocurrencies and real-estate bidding wars, studying the history of financial markets might seem a little dry and old-fashioned. | | | | | | The biggest banks in the world plan to re-open their offices, emboldened by aggressive vaccination drives and falling COVID-19 cases in major financial hubs, after sending most employees home early last year to help stem the spread of the coronavirus. | | | | | | If you have a sneaking suspicion that your food bills have been going up and up, you are not crazy. | | | | | | Shares of retail favorite AMC Entertainment were fighting to reverse a recent string of losses Thursday, as Wall Street debated the longevity of a trading frenzy in stocks that gained a massive following on social media in 2020. | | | | | | BlackRock Inc (BLK.N), the world's largest asset manager, reported a better-than-expected quarterly profit on Wednesday as investors poured more money into the company's funds, driving robust fee growth and boosting its assets under management to a record high. | | | | | | Wealth manager Americana Partners has made a $25 a share bid for Westwood Holdings Group (WHG.N), offering a nearly 28% premium to take the publicly traded financial advisory and mutual fund firm private, sources familiar with the matter said. | | | | | | Global growth will moderate next year but remain at a strong pace, bond manager Pimco said on Wednesday, with a trend toward sustainable investing creating risks and opportunities in some sectors. | | | | | |
