State Street exploring options for asset management arm -Bloomberg News

Share

Make sense of the markets. Reuters Money Sponsored by   State Street exploring options for asset management arm -Bloomberg News (Reuters) -U.S. custodian bank State Street Corp is exploring options for its asset management business, including a merger with a competitor, as it seeks to gain scale, Bloomberg News reported on Friday, citing people familiar with the matter. U.S. Labor Department finalizes limits on pension-fund voting on corporate proxies The U.S. Department of Labor on Friday finalized a rule requiring pension funds to vote on shareholder proposals only when there is an economic reason, a change that would curb investors from casting their ballots on many corporate proxies. Bank of America to join the Netherlands as a primary dealer in 2021: DSTA Bank of America will join the Netherlands as a primary dealer in 2021, the Dutch State Treasury Agency said on Friday in its outlook for next year. BofA says its clients increase equity allocation to near record levels BofA said on Friday that its wealth management clients further increased allocation to equities in their portfolios last week, closing in on the record levels seen in March 2015, as they prepare for stronger returns in 2021. Brexit: Morgan Stanley sees FTSE 250 down as much as 10% on no deal Morgan Stanley said on Friday that it expects the FTSE 250 index to drop 6% to 10% if Britain fails to agree a trade deal with the European Union before the end of a transition period. From romance scams to phantom PPE, banks battle coronavirus crimewave Fraud risk analyst Rajendran Raj was used to the odd out-of-hours alert from authorities, but a call one Saturday in March heralded a new era, of tackling criminals seeking to cash in on coronavirus. U.S. stock funds shed $7.7 billion, ending four-week inflow streak -Lipper U.S.-based equity funds posted a $7.7 billion net outflow in the latest week, ending a four-week streak of inflows, according to Lipper. Trust, equity and sustainability: VMware's Gelsinger on a 2030 Agenda "Your generation has accomplished extraordinary things. But did you have to bankrupt this planet?" Alkermes lifts shares with plan after Elliott pressure Biopharmaceutical company Alkermes responded to pressure from activist investment firm Elliott Management on Thursday with a broad plan designed to boost returns. Morgan Stanley to shift $120 billion to Germany in post-Brexit move: source Morgan Stanley is planning to shift around 100 billion euros ($121 billion) in assets to Frankfurt from Britain next year as a consequence of Brexit, a person with knowledge of the matter said on Thursday. Related Videos Wall Street week ahead: Fed meeting, stimulus talks RiverFront Investment Group's Kevin Nicholson plans to keep an eye on the Federal Reserve next week, which is expected to tweak its bond-buying program to ensure long-term interest rates remain low. Nicholson also told Reuters Business Correspondent Conway G. Gittens that investors will be watching for any sign on movement in D.C. stimulus talks. Tech craze 2020 vs 1999: is this time different? Tech IPOs are all the rage again, but the companies making market debuts this year are different from the ones which took part in the 1999 dot-com bubble, Art Hogan of National Securities told Reuters Business Correspondent Conway G. Gittens. For one thing, companies like Airbnb have long proven themselves as private companies before going public. Sponsored by IBM: Looking for a new podcast? Smart Talks is a series that brings you stories of innovation and leadership in business. Learn about cloud, AI, and more from today's top thinkers. LISTEN NOW World news that matters. More Newsletters Get Reuters News App Get Reuters TV App               © 2020 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036 Email Preferences    |   Privacy Policy    |   Terms and Conditions

Enjoy the Holly Days

A watercolor from the J. Horace McFarland Collection

Collection Highlights Watercolor 3531, Ilex opaca J. Horace McFarland operated a horticultural printing business in Harrisburg, Pennsylvania, from 1878 until his death in 1848. To meet his high standard for color reproduction, McFarland employed artists to paint pictures of plants growing in gardens. There are more than 8,000 of these small watercolor paintings in NAL's J. Horace McFarland Collection.

Stay Connected with the USDA National Agricultural Library 10301 Baltimore Avenue, Beltsville, MD 20705

SUBSCRIBER SERVICES: Manage Subscriptions  |  Unsubscribe All  |  Help

---

This email was sent to stevenmagallanes520.nims@blogger.com using GovDelivery Communications Cloud, on behalf of: USDA Agricultural Research Service  USDA is an equal opportunity lender, provider, and employer.