Reuters - Money

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Wednesday, September 6, 2017

UBS agrees to scoop up some HSBC clients in Latin America

ZURICH (Reuters) - HSBC has reached an agreement to refer some of its Latin American private banking clients, primarily in Central America and the Andean region, to Switzerland's UBS, according to an internal memo seen by Reuters.

Goldman suspends work on U.S. IPO of HNA's Pactera unit: sources

HONG KONG (Reuters) - Goldman Sachs has suspended work on a planned U.S. IPO for Chinese conglomerate HNA Group's IT outsourcing unit Pactera, four people familiar with the matter told Reuters.

Falcon Private Bank changes CEO, chairman also leaves

ZURICH (Reuters) - Falcon Private Bank Chief Executive Walter Berchtold has left the Swiss bank and been replaced by board member Martin Keller, while Chairman Christian Wenger is also stepping down, Falcon said on Wednesday.

If world is drifting apart, it isn't happening in economic growth: James Saft

(Reuters) - If the world becoming less economically integrated, someone is going to have to explain why growth around the world is so remarkably consistent and tightly correlated.

Hurricane Irma could test Florida's private flood insurance market

(Reuters) - Hurricane Irma could test a nascent private flood insurance market in Florida that some advocates say is a model for making U.S. flood coverage more affordable and commonplace in high-risk areas.

Fidelity's venture arm launches China-dedicated healthcare fund

SHANGHAI (Reuters) - Eight Roads Ventures, the proprietary investment arm of Fidelity International Ltd, launched its first dedicated China healthcare fund on Tuesday, doubling down bets on the country's rapidly growing medical sector.

Investors balk at U.S. T-bill supply on default worries

NEW YORK (Reuters) - Investors uneasy about a possible failure to increase the U.S. debt ceiling gave a cold shoulder on Tuesday to $20 billion worth of Treasury debt that will come due when the government might be out of cash if the ceiling is not raised by late September.

Itaú Asset hires Camara to lead portfolio solutions: source

SAO PAULO (Reuters) - Itaú Asset Management has hired Eduardo Camara Lopes to lead portfolio solutions, a person with knowledge of the matter said on Tuesday, as Brazil's No. 2 money manager bets on strategies tailored to the risk profile of both large and small clients.

BMO Global Asset Management makes senior appointment

(Reuters) - BMO Global Asset Management, a unit of BMO Financial Group, appointed Rogier van Harten to the new role of head of institutional distribution & client management for continental Europe.

Pimco Total Return Bond Fund attracts first inflows since April 2013

NEW YORK (Reuters) - The Pimco Total Return Bond Fund, which lost its crown as the world's largest bond fund following former manager Bill Gross's shocking exit, has attracted its first monthly inflows in more than four years.