Thomas Barkin, Richmond Federal Reserve President, was poring over the latest inflation-related data one morning this June after breakfast with bank interns when he saw an alarming sign. Prices had surged in May, after a slight drop in April that had raised hopes that a recent uptick in inflation would be short lived.
Barclays said it had appointed Alistair Currie as chief operating officer on Wednesday, replacing Mark Ashton-Rigby, in a management reshuffle by Chief Executive C.S. Venkatakrishnan.
Blume Ventures, a seed-stage Indian investor, has raised more than $250 million for its fourth and largest fund to court more early-stage startups, the venture firm said on Wednesday.
Holdings of Australia's big banks by domestic fund managers are hovering near record lows on expectations that a combination of high consumer spending and low arrears will give way to bad debts.
Blackstone Inc said redemptions from its $50 billion non-traded business development company reached its pre-set limit for the first time but investors were still allowed to cash out on their investments.
Tiny activist investor Bluebell Capital Partners is taking aim at BlackRock and wants to replace longtime CEO Larry Fink, criticizing the world's largest asset manager as being inconsistent in its focus on environmental, social and corporate governance (ESG) issues.
Deutsche Bank-owned fund manager DWS on Tuesday said it would propose a dividend of up to 1 billion euros ($1.05 billion) in 2024, as the German company tries to move on from allegations that it misled investors over its green credentials.
France's biggest retail lender Credit Agricole said on Tuesday it has stopped financing new oil extraction projects and laid out plans to cut emissions tied to loans to five of its high-polluting sectors.
