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ESG is now mainstream despite US skepticism, say investors
INVESTING ESG NOV 08, 2023
ESG is now mainstream despite US skepticism, say investors

US investors pulled $2.7B from sustainable funds in Q3 but global peers are not deterred.

UBS is selling AT1 bonds with attractive yields
NEWS INDUSTRY NEWS NOV 08, 2023
UBS is selling AT1 bonds with attractive yields

The securities will boost the banking group's capital buffer and aims to restore confidence.

HSBC launching custody service for tokenized securities
NEWS INDUSTRY NEWS NOV 08, 2023
HSBC launching custody service for tokenized securities

It's the latest financial institution to eye a slice of the fast-growing digital assets safeguarding space.

UBS wins back Credit Suisse clients
NEWS WIREHOUSES NOV 07, 2023
UBS wins back Credit Suisse clients

The bank saw stronger-than-expected client inflows of $22 billion in its wealth management business, including $3 billion at Credit Suisse's unit.

Stocks decline as hopes of quick Fed rate cuts fade
INVESTING EQUITIES NOV 07, 2023
Stocks decline as hopes of quick Fed rate cuts fade

Minneapolis Fed chair raises doubts but what will Jerome Powell say this week?

Oil drops back below $80 despite supply cuts
NEWS INDUSTRY NEWS NOV 07, 2023
Oil drops back below $80 despite supply cuts

Global demand and interest rates are in focus as WTI falls more than 2%.

Cathie Wood eases back on significant Roku holding
INVESTING EQUITIES NOV 07, 2023
Cathie Wood eases back on significant Roku holding

It's the first time since August that Ark Investment Management has sold the streamer's stock.

Wall Street leaders share fears with global financial services peers
NEWS INDUSTRY NEWS NOV 07, 2023
Wall Street leaders share fears with global financial services peers

Cocktail of potential disasters discussed as industry meets in Hong Kong.

UBS wants to shed $5B in wealthy clients' assets
NEWS INDUSTRY NEWS NOV 07, 2023
UBS wants to shed $5B in wealthy clients' assets

The firm is picking the bits of Credit Suisse it does and does not want.

Morgan Stanley's Gorman will step down as chair by end of 2024
NEWS INDUSTRY NEWS NOV 07, 2023
Morgan Stanley's Gorman will step down as chair by end of 2024

He will make way for incoming CEO Ted Pick to make his mark on the Wall Street titan.