 | | | | Assets under management at global hedge funds topped $4 trillion for the first time ever at the end of 2021, as the prospect of rising interest rates combined with the pandemic made for a volatile end of the year, industry tracker HFR said on Thursday. | | | | | | Wall Street banks were split on what Turkey's central bank would do next after holding rates on Thursday, with JPMorgan expecting it to stay on hold for the rest of 2022 but Goldman Sachs predicting a U-turn and a rate hike in the second quarter. | | | | | | Credit Suisse has hired a senior Berenberg analyst to lead its healthcare investment banking franchise in EMEA in a bid to revamp the unit after a string of scandals at the lender and a leadership overhaul, according to a memo seen by Reuters. | | | | | | Russia's central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens' wellbeing and its monetary policy sovereignty. | | | | | | Property and casualty insurer Travelers Cos Inc reported a record quarterly profit on Thursday as higher returns from its investments cushioned the hit from a rise in catastrophe-related claims. | | | | | | U.S. Federal Reserve officials, having plotted what seemed a clear battle plan against high inflation, must now contend with fresh signs the coronavirus is again slowing the economy as well as markets conspiring to tighten financial conditions faster than Fed policymakers may have hoped. | | | | | | Innovation is finally weakening the market grip of Britain's "Big Four" banks, but "challenger" lenders are finding it slow and expensive to build up market share, the Financial Conduct Authority said on Thursday. | | | | | | A rise in lending thanks to new mortgages drove a recovery in financial margins at Spain's Bankinter's in the fourth quarter, although net profit fell on one-off charges. | | | | | | Credit Suisse Vice-Chair Severin Schwan is undecided whether he will stand for re-election at the bank's shareholder meeting in April, he told Swiss newspaper Tages-Anzeiger. | | | | | | Block Inc , formerly Square Inc, is set to complete its acquisition of buy now, pay later (BNPL) company Afterpay Ltd by Feb. 1, one of the biggest takeovers in Australian history. | | | | | |
