 | | | | 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. | | | | | | Investors have rushed to exit bets on China's health sector this week, fearingthat a regulatory crackdown that sparked panic selling in the tech and education sectors might hit the medical industry next. | | | | | | South Africa and Russia local currency government bond markets are undervalued as a rally in U.S. Treasuries and idiosyncratic issues in those emerging markets creates cheap pricing, a Morgan Stanley emerging market and FX strategist said on Tuesday. | | | | | | Private equity firms GTCR LLC and Reverence Capital Partners said on Monday financial industry veteran Joseph Sullivan will head Wells Fargo Asset Management, the business they agreed to acquire earlier this year from Wells Fargo (WFC.N) in a $2.1 billion deal. | | | | | | British asset manager M&G (MNG.L) has launched a sustainable version of its flagship 56 billion pounds ($77 billion) PruFund range of funds, its chief executive told Reuters. | | | | | |
