Elliott nominates slate of directors to Salesforce board – source
By Svea Herbst-Bayliss (Reuters) -Activist investor Elliott Management Corp has nominated a slate of directors to the board of cloud-based…
Updated
Hedge funds unimpressed by Chinese internet giants’ peppy earnings
By Summer Zhen HONG KONG (Reuters) – A set of bumper earnings reports from the likes of Baidu Inc and…
Higher expenses weigh down U.S. bank profits in 2022 – FDIC
By Pete Schroeder WASHINGTON (Reuters) -U.S. banks reported a 5.8% decline in profits in 2022 as firms spent more on…
Goldman Sachs executives to rally investors in New York
NEW YORK (Reuters) – Goldman Sachs Group Inc’s Chief Executive David Solomon and top executives will give investors an update…
U.S. regulators warn banks to be on alert for crypto-related liquidity risks
By Pete Schroeder and Hannah Lang WASHINGTON (Reuters) -Top U.S. banking regulators issued a fresh warning to banks to be…
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…
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…
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…
Britain sets out legislation to regulate buy-now-pay-later credit
By Huw Jones LONDON (Reuters) -Britain on Tuesday set out draft legislation to regulate “buy now pay later” (BNPL) credit,…