 | | | | Credit Suisse has hired former Morgan Stanley banker Alejandro Ortega Aguayo to lead its advisory team handling its wealthiest clients in Mexico, the Swiss bank said on Thursday. | | | | | | BNP Paribas' asset management arm is in talks to form a wealth management venture with a unit of Agricultural Bank of China (AgBank), sources said, as the French firm pursues a bigger slice of China's $19 trillion market. | | | | | | It has been nearly five years since Wells Fargo & Co began addressing widespread customer abuses that led to regulatory penalties, lawsuits, reputational damage, business overhauls and management changes, but the fourth-largest U.S. bank apparently still has a lot of work to do, analysts say. | | | | | | Hywin Holdings Ltd , which provides wealth management services in China, will aim to reduce its reliance on real estate by expanding new products and growing businesses offshore, chief financial officer Lawrence Lok said on Wednesday. | | | | | | Star investor Cathie Wood's funds scooped up $56.5 million worth of shares in Zoom Video Communications Inc , taking advantage of a 17% drop in the company's stock price on Tuesday after warning on slowing demand. | | | | | | Proxy advisory firm Glass Lewis on Friday recommended that investors in cloud storage vendor Box elect one of Starboard Value's three proposed nominees to the board, arguing change is needed after a "puzzling" capital raise and "reactive governance" changes. | | | | | | Wall Street is screeching to yet another all-time high, just as the Fed's Jackson Hole symposium is set to address wealth inequality and the central bank's role in fueling asset price inflation is once again coming under harsh scrutiny. | | | | | | Swiss private bank Lombard Odier said it was cautiously optimistic for the remainder of 2021, after hiking net profit by 20% year-on-year in the first six months through June. | | | | | | Bank of Nova Scotia (Scotiabank) and Bank of Montreal kicked off Canadian lenders' third-quarter reporting on Tuesday by exceeding profit expectations, but BMO's revenue-driven results sparked more optimism than Scotiabank's. | | | | | | Kenneth Griffin's Citadel LLC and Citadel partners are planning to redeem about $500 million of the $2 billion they invested in Melvin Capital, the Wall Street Journal reported on Saturday, citing people familiar with the matter. | | | | | |
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