Spasms in UK mortgage market spell pain for homeowners, economy
LONDON, June 15 (Reuters) - Bedlam in Britain's 1.5 trillion-pound ($1.9 trillion) mortgage market, fuelled by ructions in money markets,...
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FACTBOX Global investment banks rush to cut yuan forecasts
SHANGHAI, June 14 (Reuters) - Global investment houses have rushed to downgrade forecasts for the Chinese yuan after it weakened...
UBS completes Credit Suisse takeover to become wealth management behemoth
UBS has completed its takeover of Credit SuisseNew management changes announcedCredit Suisse CFO and General Council to leaveZURICH, June 12...
Factbox: Who are Crispin Odey and the hedge fund Odey Asset Management?
June 10 (Reuters) - Crispin Odey, one of Britain's best-known hedge fund managers, is leaving Odey Asset Management following allegations...
UBS slams EU antitrust regulators for ‘arbitrary’ $186 million cartel fine
The logo of Swiss bank UBS is seen at its headquarters in Zurich, Switzerland October 25, 2022. REUTERS/Arnd Wiegmann/File PhotoLUXEMBOURG,...
U.S. equity funds post biggest weekly outflow in 10 weeks
June 9 (Reuters) - U.S. equity funds had their biggest weekly outflow in 10 weeks in the seven days to...
Troubled UK lender Amigo agrees for shareholder to seek financing options
June 9 (Reuters) - Troubled British subprime lender Amigo Holdings (AMGO.L) said on Friday it had granted shareholder Michael Fleming...
Analysis: Kim Kardashian seeks secret of private equity success as rising rates bite
BERLIN, June 8 (Reuters) - Reality star Kim Kardashian's arrival at a gathering of the globe's top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry.Flanked by bodyguards, Kardashian drew a crowd of hundreds of executives at the SuperReturn industry event, saying she wanted to learn the secrets of investing having set up her own fund last year.Talking about her ambitions, Kardashian, whose empire spans skincare and underwear, sought what she called the "magic sauce"...
Coinbase CEO hits back at SEC chair after lawsuit, says user funds are safe
Brian Armstrong, CEO and Co-Founder of Coinbase, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2022. REUTERS/David SwansonJune 7 (Reuters) - Coinbase (COIN.O) Chief Executive Brian Armstrong on Wednesday hit back at U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler over the agency's lawsuit against the crypto exchange, calling him an "outlier," while also reassuring customers that their funds were safe.The SEC on Tuesday alleged Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens...
Bank failures, ‘hard landing’ still top-of-mind for hedge funds
NEW YORK, June 7 (Reuters) - Big U.S. hedge fund and family office investors on Wednesday cautioned that despite the U.S. economy showing resilience, a recession and more bank failures remained likely in an environment of persistent inflation.U.S. investor Stanley Druckenmiller, chairman and chief executive officer at Duquesne Family Office, said he still expected a hard landing for the U.S. economy - a scenario where the Federal Reserve's rate-hiking pushes the economy into a recession."I think the probabilities would suggest that Silicon Valley Bank, Bed Bath & Beyond, they're probably...