 | | | | Wall Street is screeching to yet another all-time high, just as the Fed's Jackson Hole symposium is set to address wealth inequality and the central bank's role in fueling asset price inflation is once again coming under harsh scrutiny. | | | | | | Swiss private bank Lombard Odier said it was cautiously optimistic for the remainder of 2021, after hiking net profit by 20% year-on-year in the first six months through June. | | | | | | Bank of Nova Scotia (Scotiabank) and Bank of Montreal kicked off Canadian lenders' third-quarter reporting on Tuesday by exceeding profit expectations, but BMO's revenue-driven results sparked more optimism than Scotiabank's. | | | | | | Kenneth Griffin's Citadel LLC and Citadel partners are planning to redeem about $500 million of the $2 billion they invested in Melvin Capital, the Wall Street Journal reported on Saturday, citing people familiar with the matter. | | | | | | Almost half of Americans enrolled in Medicare did not visit a dentist in 2018. That is a problem that goes far beyond having white teeth or a beautiful smile - poor dental care can exacerbate serious chronic medical conditions, such as diabetes and cardiovascular disease. | | | | | | HSBC Holdings (HSBA.L) has agreed to acquire French insurer Axa's (AXAF.PA) Singapore assets for $575 million, part of its strategy of scaling up its wealth-management business in Asia to boost fee income. | | | | | | Investors have made a beeline into so-called "value trades", adding cash into European stocks and financial and material shares during the past week, BofA's weekly statistics showed on Friday, keeping the region's markets on a record-breaking run. | | | | | | Based on expectations that U.S. inflation will be transitory and that the Federal Reserve will clearly communicate its plans to taper asset purchases, major global fund managers say they remain invested in risky assets. | | | | | | Activist investor Cevian Capital said on Thursday that British insurer Aviva (AV.L) has made a "good start" in returning four billion pounds ($5.54 billion) to shareholders but that more needed to be done. | | | | | | Australia's AMP Ltd (AMP.AX) reported a smaller-than-expected drop in profit for the first half on Thursday, pushing up its shares even as earnings at its core wealth and funds businesses continued to deteriorate. | | | | | |
