BlackRock today reported a jump in assets under management for the second quarter, while JPMorgan Chase and BNY Mellon said their asset totals remained unchanged from the previous quarter.
BlackRock reported $1.43 trillion in assets, up 5% from the first quarter and up 16% from the previous year. Management fees in the second quarter were $1.2 [...]
Hong Leong Financial Group Bhd (HLFG) has obtained Finance Ministry and the Securities Commission (SC) approvals for its proposed acquisition of certain assets and liabilities of Southern Investment Bank Bhd and the entire equity interest in SBB Securities Sdn Bhd.
The development moves it closer to having an investment bank in its stable of companies, thus [...]
The media are bombarding us with bad news stories about the residential property market.
For example, it was reported the Nationwide Building Society’s latest survey showed house prices recorded their largest monthly fall since 1991.
Prices dropped 2.5 per cent in May and are apparently now 4.4 per cent lower than a year ago, a fall of [...]
This firm is keen to take on a Compliance and Control Manager to ensure that the controls present in the UK business mirror strategy across European business units. This controls management position will see you working alongside an established control and compliance team, reviewing business activity (issues, treasury, loans to subsidiaries), monitoring performance, problems arising [...]
Real estate has a justified reputation for protecting the investor from inflation — but only in the long-term and only if it is the right kind of inflation.
So investors worried by the growing menace of inflation should think twice before upping their exposure to the asset class, even as property markets sag and valuations become [...]
PEOPLE who did not buy an investment property before last year’s 20 per cent house price boom have not missed the boat, a Smart Money round table forum on investing in real estate has heard.
A panel of six real estate, finance and insurance experts ((LtoR) Ann-Marie Chamberlain, Carolyn Majda, Rebecca Neale, Denny Havriluk, Greg Moulton, [...]
Government red-tape is keeping millions of American workers in small firms from saving for retirement, a U.S. mutual fund trade group executive said on Wednesday, limiting a huge potential market for the $11.7 trillion industry.
“Any employer thinking about offering a 401(k) plan today encounters a profusion of regulatory requirements, head-scratching complexities, and sobering legal liabilities,” [...]
Brazil’s Bovespa stock index jumped to a record after Standard & Poor’s unexpectedly raised the country’s credit rating to investment grade.
Lojas Renner, Investment Property Brazil’s second-biggest retailer, climbed to the highest since 2005 as a growing economy spurred a 62 percent jump in profit. Usinas Siderurgicas de Minas Gerais SA led steelmakers higher after its [...]
Kunal Kashyap, founder and CEO of Indian investment bank Allegro Advisors, discusses the firm’s focus on wealth management and what advice he is giving his clients.
What prompted Allegro to start offering wealth management services in India?
We started Allegro with the vision of creating a full-service Indian investment bank so wealth management services were part of [...]
Te Anau’s new $7.1 million airport would provide a gateway for tourists into Fiordland and Southland, Southland Mayor Frana Cardno said.
Cutting down travel time would make it more convenient for travellers and entice more into the region, she said. “Within a couple of hours down the road you’re in Milford or Doubtful Sound, you’re right [...]
