Banking and Investment Services (TRBC)

Citi’s Rousseau to focus on France, financial advisory across EMEA

Citi’s Rousseau to focus on France, financial advisory across EMEA

Published 01/09/2020

LONDON (Reuters) - Citigroup (C.N) has hired Robin Rousseau as a vice chairman of investment banking for Europe, the Middle East and Africa, a memo [more…]

Global funds once again opt out of stocks, despite rally, Reuters polls show

Global funds once again opt out of stocks, despite rally, Reuters polls show

Published 28/08/2020

BENGALURU (Reuters) - Funds recommended equity holdings be trimmed to the lowest in over four years in August, despite record-breaking gains by world stocks, as [more…]

United States Oil Fund faces possible SEC action: filing

United States Oil Fund faces possible SEC action: filing

Published 19/08/2020

(Reuters) - The U.S. Securities and Exchange Commission is considering enforcement action against United States Oil Fund LP, the largest crude oil exchange-traded fund, due [more…]

Huawei lawyers say U.S. evidence ‘unreliable’ in Meng extradition case

Huawei lawyers say U.S. evidence ‘unreliable’ in Meng extradition case

Published 17/08/2020

(Reuters) - Evidence used by the United States to justify the extradition of Huawei Technologies Chief Financial Officer Meng Wanzhou is “unreliable and defective” and [more…]

Berkshire slashes Wells Fargo, JPMorgan stakes- adds Barrick Gold

Berkshire slashes Wells Fargo, JPMorgan stakes- adds Barrick Gold

Published 15/08/2020

(Reuters) - Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) said on Friday it has sold shares of some of the largest U.S. banks, slashing its stakes [more…]

Pay out or stay out? Dividends in doubt as Australian profits catch virus

Pay out or stay out? Dividends in doubt as Australian profits catch virus

Published 10/08/2020

SYDNEY (Reuters) - Australian companies are likely to deliver smaller dividends in what is forecast to be the country’s worst earnings season in a decade [more…]

J.C. Penney’s survival hinges on urgent sale negotiations

J.C. Penney’s survival hinges on urgent sale negotiations

Published 03/08/2020

NEW YORK (Reuters) - The survival of J.C. Penney Co Inc hangs on whether the department store chain can reach a complex deal within days [more…]

As bankers return to the office, industry body warns of new risks of bad conduct

As bankers return to the office, industry body warns of new risks of bad conduct

Published 27/07/2020

LONDON (Reuters) - Returning to the office will bring new challenges for banks and brokerages seeking to enforce good conduct by staff, after the bulk [more…]

Activist fund TCI lodges complaint against Italy with European Commission over Atlantia

Activist fund TCI lodges complaint against Italy with European Commission over Atlantia

Published 24/07/2020

LONDON/ROME (Reuters) - Activist hedge fund TCI Fund Management said it has complained to the European Commission over “illegitimate expropriation” by the Italian government of [more…]

Exclusive: Global banks scrutinize their Hong Kong clients for pro-democracy ties – sources

Exclusive: Global banks scrutinize their Hong Kong clients for pro-democracy ties – sources

Published 20/07/2020

HONG KONG (Reuters) - Global wealth managers are examining whether their clients in Hong Kong have ties to the city’s pro-democracy movement, in an attempt [more…]