Wednesday, October 7, 2020

Barclays to enter new European private banking markets in 2021

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Barclays to enter new European private banking markets in 2021

Barclays plans to enter four new European private banking markets in 2021, its regional manager for the business told Reuters.

Bank of America wades into digital financial planning space

Bank of America Corp said on Monday it is rolling out a digital financial planning tool, wading into a space that has so far been dominated by fintech companies.

Swiss group Pictet opens New York asset management office

Pictet Asset Management is opening its first U.S. office in New York City, to be led by Elizabeth Dillon, previously its head of global financial institutions, it said on Monday.

JPMorgan names two senior wealth managers for Russia

JPMorgan is looking to bolster its Russian private banking team with two new appointments, the bank said in an internal memo seen by Reuters.

Trian pushes Invesco, Janus Henderson to consider deals-filings

Activist investor Trian Fund Management LP said on Friday that it owns large stakes in Invesco Ltd and Janus Henderson Group Plc and plans to encourage the asset managers to consider strategic options like a merger as the industry faces a wave of consolidation.

Key retirement policy issues are on the ballot in U.S. election

(The opinions expressed here are those of the author, a columnist for Reuters.)

Likely Fed injections in contested U.S. vote would favour tech: BofA

The Federal Reserve would likely step-in to support financial markets if the outcome of the U.S. presidential election was contested, a move which would benefit stocks in the tech sector, BofA analysts wrote in their weekly fund flow report on Friday.

UK bookmakers halt U.S. election betting after Trump tests positive for COVID-19

Bookmakers in Britain suspended betting on the outcome of the U.S. election on Friday after President Donald Trump said he had tested positive for COVID-19.

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