Thursday, July 1, 2021

Reuters Global Investor: Credit Suisse to realign strategy this year, chairman says

Credit Suisse to realign strategy this year, chairman says

Credit Suisse (CSGN.S) expects to decide on a new strategy by the end of the year, Chairman Antonio Horta-Osorio said in his first interview since assuming the role at the troubled lender.

Former hedge fund manager Scott Bommer to launch $2 bln Blackstone fund

Former hedge fund manager Scott Bommer is set to launch a hybrid hedge fund and private equity fund under Blackstone Group (BX.N) with close to $2 billion in assets, two sources close to the firm told Reuters.

Cathie Wood's ARK Invest teams up on a bitcoin ETF

Star stock picker Cathie Wood's ARK Invest is teaming up with 21Shares US LLC, which filed with the U.S. Securities and Exchange Commission on Monday to create a bitcoin exchange traded fund (ETF), the latest fund manager attempting to cash in on investors' growing interest in cryptocurrencies.

JPMorgan's new CFO described as pensive Excel expert with a knack for mentoring

Jeremy Barnum is not the hard-charging, power-hungry type that people often associate with those in the top echelons of Wall Street.

MUFG board beats back climate resolution as activists falter in Japan

Mitsubishi UFJ Financial Group (8306.T) shareholders on Tuesday defeated a proposal for the bank to align its business with global targets on climate change, dealing a win for the board over investors pushing for more action on the environment.

Growth stock comeback fuels Cathie Wood's ARK funds

A more than 10% surge in growth stocks since the start of the quarter is fueling a comeback in star stock picker Cathie Wood's ARK funds, which posted some of the worst declines among all U.S. equity funds over the first three months of the year.

Qatar Petroleum hires banks for four-tranche jumbo bond sale

Qatar Petroleum has hired a group of banks to arrange a four-tranche issuance of U.S. dollar-denominated bonds, a document showed, for what will be its debut public bond sale months after it signed a contract to boost its liquefied natural gas output.

Qatar Petroleum hires banks for four-tranche bond sale - document

Qatar Petroleum hired a group of banks to arrange a four-tranche U.S. dollar-denominated bond sale, comprising five, 10 and 20-year conventional bonds, as well a 30-year Formosa portion, a document showed on Monday.

Fearing predators, Credit Suisse seeks new look or even merger-sources

Credit Suisse's top management are under pressure to come up with an overhaul plan for the scandal-hit Swiss bank that could include a potential merger with rival UBS (UBSG.S), three people familiar with its thinking told Reuters.

Crypto is 'rat poison', a third of mainstream investment firms tell JPM

Only 10% of institutional investment firms surveyed by JPMorgan trade cryptocurrencies, with nearly half labelling the emerging asset class as "rat poison" or predicting it would be a temporary fad.

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