Bank of America has signalled its intentions for a push into the European funds market by setting up a new branch in Luxembourg. It was reported on Reuters earlier this week the group was hiring Benoit Nevouet to be the new branch’s manager, poaching him from BNP Paribas. Bank of America said in the Reuters…
The ECB’s decision to raise its base rate to 3.25% has led to one financial giant warning it was “sufficient” to cause a recession. According to Anna Stupnytska, global macro economist at Fidelity International, the European economy is set to follow a similar path to that of the US after the Federal Reserve raised rates…
Broadridge has released the latest edition of its Fund Brand 50 report, which aims to highlight the “world’s best-performing third-party asset management brands”. The report, said the firm, measures and ranks asset managers’ relative brand attractiveness based on fund selector perceptions, taking into account 10 brand ‘attributes’ to reveal the top US and global brands.…
A slew of new projects from the European Bank for Reconstruction and Development (EBRD) have received the go-ahead from the InvestEU Investment Committee. Under the auspices of the various projects, investments totalling €1.1bn will be used to boost green and sustainable projects in the municipal, transport and energy sectors. According to the EBRD: “The InvestEU…
The acquisition includes the Asia business but not US-based InvestmentNews
‘Increase in emergency funding is a worrying sign as central banks fight to tame surging inflation’
As business confidence shows considerable improvement from last year
It receives requests for more than €6bn but only has a fraction of that sum to dish out
As the Bank of Russia says ‘the volume of banknotes ready for loading into ATMs is more than sufficient’
As it eyes taking 7% share of the EV market
With real estate and infrastructure opportunities key attractions
As EU unveils ‘game changer’ European Chips Act
