Invesco, JPMorgan and Schroders well placed in market forecast to hit $9tn by 2023
Big buyout groups are upping their share of profits from 20 to 30 per cent on some funds
Large wealth houses have raised the lower limits on the size of fund on their buy lists
Analysts forecast investment banking revenues will fall as much as a quarter
down Broader market conditions look more favourable after QE’s distorting effects
Jupiter poaches two managers from Columbia Threadneedle
An industry working group might seek legislation to eliminate the need for investor consent in the shift to a new benchmark interest rate. But any legislative fix is almost certain to be challenged because choosing an alternative to Libor will inevitably favor one party in a transaction over another.
At a recent House hearing with large-bank CEOs, lawmakers’ focus on the compensation gap between the C-suite and lower-level employees echoed a broader discussion about pay inequity.
Platform aimed at tackling compliance issues to be used to validate payments
Holding group in tax haven will free global operations from UK regulatory oversight