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HomeStreet defeats activist Roaring Blue Lion in proxy contest

BOSTON (Reuters) – HomeStreet Inc defeated Roaring Blue Lion Capital Management’s campaign to unseat one director and install its own candidate, ending a two-year standoff between the financial services company and the activist investor, the company said on Thursday. Three of HomeStreet’s nine directors stood for re-election at Thursday’s annual meeting and each received at […]

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PersonalFinance

UBS looks to Sumitomo Mitsui tie-up to crack Japanese wealth

ZURICH/TOKYO (Reuters) – UBS signed a joint venture deal with Sumitomo Mitsui Trust on Friday, aiming to crack a Japanese wealth management market where it has struggled to grow over the last 15 years. FILE PHOTO: The logo of Swiss bank UBS at the company’s headquarters in Zurich February 10, 2015. REUTERS/Arnd Wiegmann The deal, […]

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PersonalFinance

UBS, Sumitomo Mitsui Trust to establish joint venture for wealth management

ZURICH/TOKYO (Reuters) – Swiss lender UBS will sign a deal with Japan’s Sumitomo Mitsui Trust for a wealth management tie-up in Japan, with the two aiming to establish a new company by 2021, the Japanese bank said on Friday. FILE PHOTO: The logo of Swiss bank UBS at the company’s headquarters in Zurich February 10, […]

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sportsNews

Nike ‘very concerned’ about rape accusation against Brazilian soccer star Neymar

(Reuters) – Nike Inc is “very concerned” about a rape accusation against Brazilian soccer star Neymar, the world’s largest sportswear maker said on Thursday, raising questions about its sponsorship of one of the sport’s most famous players. Brazilian soccer player Neymar leaves the police station after testifying in Rio de Janeiro, Brazil June 6, 2019. […]

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PersonalFinance

Investment bank environment still very fragile says UBS

FILE PHOTO: The logo of Swiss bank UBS at the company’s headquarters in Zurich February 10, 2015. REUTERS/Arnd Wiegmann//File Photo ZURICH (Reuters) – Investment banking conditions have improved over recent months but remains “very fragile,” UBS Chief Executive Sergio Ermotti said on Thursday, adding the Swiss lender’s own business was performing in line with the […]

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PersonalFinance

Watchdog examines Guernsey listings of suspended Woodford fund

LONDON (Reuters) – Britain’s financial watchdog said it was examining a decision by a frozen Woodford fund to list investments in Guernsey, as wealth manager St James’s Place pulled 3.5 billion pounds ($4.45 billion) from the firm in a widening fall-out from the suspension. In a rare event, British fund manager Neil Woodford suspended trading […]

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PersonalFinance

Wells Fargo to donate $1 billion toward affordable housing by 2025

A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith (Reuters) – Wells Fargo & Co said on Wednesday it will narrow the focus of its philanthropy toward three causes including affordable housing and will donate $1 billion to housing over the next few years. The San Francisco-based bank […]

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PersonalFinance

Wells Fargo to donate $1 billion toward affordable housing by 2025

A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith (Reuters) – Wells Fargo & Co said on Wednesday it will narrow the focus of its philanthropy toward three causes including affordable housing and will donate $1 billion to housing over the next few years. The San Francisco-based bank […]

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PersonalFinance

British money manager Woodford’s star wanes over locked fund gate

LONDON (Reuters) – Famed for eschewing the tech bubble and sticking with tobacco and pharmaceuticals as others sold out, Neil Woodford’s cult status among British money managers is on the ropes after some of his investors were unable to recoup their money. When Woodford struck out on his own from Invesco and launched Woodford Investment […]

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