UBS set to apply for China mutual fund license – WSJ
(Reuters) -Switzerland’s biggest bank UBS Group AG is looking to apply for a mutual fund license in China, the Wall…
Economy
Analysis-Boom in European bank earnings hints at a rally with legs
By Joice Alves LONDON (Reuters) – Europe’s banks, which enjoyed a stellar fourth-quarter that yielded a surge in earnings growth…
Analysis-Competition hots up as British banks fight to keep earnings rising faster than costs
By Lawrence White, Iain Withers and Sinead Cruise LONDON (Reuters) – British banks face a tougher battle for mortgage customers…
Bank of America racked up $1.2 billion in penalties, settlements in 2022
By Lananh Nguyen NEW YORK (Reuters) – Bank of America Corp (BofA) amassed $1.2 billion in expenses for litigation and…
Private credit investments surged 89% in 2022 – report
By Chiara Elisei LONDON (Reuters) – Private credit and infrastructure investments across emerging and developing markets surged to record levels…
How to afford the big price tag of your lifetime ‘bucket list’
By Chris Taylor NEW YORK (Reuters) – Eytan Morgenstern is facing a very expensive dilemma. The 36-year-old public relations professional…
Britain’s post-Brexit asset management revamp eyes liquidity, tokenisation
By Huw Jones LONDON (Reuters) -Britain set out plans on Monday for a post-Brexit review of its rules for the…
Fund industry says proposed U.S. SEC rules would harm retirement savers
By John McCrank NEW YORK (Reuters) – The mutual fund industry is warning the U.S. Securities and Exchange Commission that…
Charlie Munger downplays risk of Taiwan invasion, says crypto fans are ‘idiots’
By Jonathan Stempel (Reuters) – Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Wednesday…
Berkshire dumps shares in TSMC, banks; increases Apple stake
By Carolina Mandl and Sittrarasu S NEW YORK/BANGALORE (Reuters) -Warren Buffett’s Berkshire Hathaway Inc slashed its stake in Taiwanese contract…