Wednesday, July 7, 2021

Reuters Global Investor: Hedge fund Driver Management pushes for sale at Codorus Valley Bancorp

Hedge fund Driver Management pushes for sale at Codorus Valley Bancorp

Activist investment firm Driver Management, which specializes in pushing small banks to improve their financial returns, has found a new target and is now urging Codorus Valley Bankcorp Inc (CVLY.O) to consider letting itself be bought, two sources familiar with the matter said on Tuesday.

Poorer US households gained nearly a year's spending from CARES Act - study

Federal aid distributed as part of the CARES Act boosted U.S. households' ability to pay their bills after becoming unemployed, with lower-income households seeing the biggest gains, according to research from the Federal Reserve Bank of San Francisco released on Monday.

MOVES Barclays nabs UBS banker Tan to lead Singapore private bank

Barclays (BARC.L) has appointed former UBS (UBSG.S) banker Evonne Tan as its head of private banking in Singapore, the British bank said on Tuesday, as it seeks to build upon its corporate and investment banking operations in Asia-Pacific to grab more business with the rich.

What Robinhood's IPO filing says about the Reddit army

The typical soldier in the army of retail traders upending Wall Street is a 31-year old who grabs their smartphone seven times a day to check the assets in their first-ever brokerage account, which may well hold a good chunk of cryptocurrencies in addition to stocks.

What Robinhood's IPO filing says about the Reddit army

The typical soldier in the army of retail traders upending Wall Street is a 31-year old who grabs their smartphone seven times a day to check the assets in their first-ever brokerage account, which may well hold a good chunk of cryptocurrencies in addition to stocks.

Overthinking Your Money: Avoiding analysis paralysis

When it comes to your finances, there are a couple of ways to sabotage yourself. One is not putting enough thought into it.

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.

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