British bank NatWest confirmed on Wednesday it had chosen former Mastercard Chairman Richard Haythornthwaite as its chairman, replacing veteran Howard Davies.
Investors in Britain dumped both stocks and bonds in August as they continued to opt for the safety of cash and money-market funds, according to data from fund network Calastone published on Tuesday.
The Swedish crown is clearly undervalued and its weakness is making it harder for the central bank to bring down inflation, Deputy Governor Martin Floden said on Wednesday.
Reuben Abrams, a former portfolio manager at Singapore sovereign wealth fund GIC, is set to launch a hedge fund by year-end in London, according to a note to clients from BNP Paribas .
Barclays Plc is exploring the sale of a stake in the unit that processes payments for UK merchants as the British bank seeks a partner to help grow the business, four people familiar with the matter told Reuters.
Hedge funds ditched short bets against U.S. regional banks as of the end of August and turned bullish on the broader U.S. financial sector, according to a Goldman Sachs note, just as bank stock prices began to rise.
The head of Switzerland's financial watchdog FINMA has resigned nearly six months after the body drew heavy criticism for failing to prevent the collapse of Credit Suisse.
NatWest has chosen former Mastercard chairman Rick Haythornthwaite as its next chair, the bank said on Wednesday, as the British bank seeks to contain the fallout from a row with former Brexit party leader Nigel Farage.
Leverage is now very high in parts of the $7 trillion hedge fund sector, G20 risk watchdog Financial Stability Board (FSB) warned on Wednesday, while noting that significant data gaps make it hard to get a full picture of vulnerabilities among "non-banks".
Emerging markets-focused fund manager Ashmore reported a 6% fall in annual profit on Wednesday and assets under management slumped by almost a quarter, as investors sought to curb risk amid choppy financial markets worldwide.
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