RBC to launch U.S. consumer bank betting on wealthy clients

(Reuters) – Royal Bank of Canada plans to open a consumer bank in the United States early next year targeting wealthy clients, with the aim of expanding deposits, its... Read more »

U.S. money market assets decreased in latest week-iMoneyNet

NEW YORK, Feb 19 (Reuters) – U.S. money market fund assets decreased by $3.64 billion to $3.575 trillion in the week ended Feb 18, the Money Fund Report said... Read more »

Sovereign wealth funds move mainstream, make less contrarian bets

LONDON (Reuters) – Sovereign wealth funds’ investment moves are becoming more closely aligned with the global asset management industry as they mature, and their growing size makes it harder... Read more »

Visa to pay $5.3 billion to buy fintech startup Plaid

(Reuters) – Visa Inc (V.N) said on Monday it agreed to buy privately held software startup Plaid Inc in a $5.3 billion deal that will boost the payments giant’s... Read more »

Equities back in favor for sovereign investors in third quarter

LONDON (Reuters) – Sovereign wealth funds regained their appetite for equities in the third quarter, piling into passively managed stocks in the United States and equities in mainland China... Read more »

HSBC and RBS set to launch new digital banking platforms

LONDON (Reuters) – British banking heavyweights HSBC (HSBA.L) and RBS (RBS.L) are launching new digital banking platforms, as competition for digitally savvy customers steps up in the face of... Read more »

Mahathir says no to Goldman’s 1MDB offer of under $2 bln to Malaysia- FT

KUALA LUMPUR, Nov 2 (Reuters) – Malaysia has rejected an offer from Goldman Sachs of less than $2 billion in compensation over the 1MDB scandal, Prime Minister Mahathir Mohamad... Read more »

PRESS DIGEST- British Business – Oct 21

Oct 21 (Reuters) – Here are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.... Read more »

UPDATE 1-Goldman Sachs investment banker charged in insider trading scheme

(Adds third case) By David Shepardson Oct 19 (Reuters) – A Goldman Sachs Group Inc investment banker has been released on bond and placed on leave by the firm... Read more »

EWEC and ACWA secure $869 mln for Abu Dhabi desalination plant

ABU DHABI, Oct 19 (Reuters) – Emirates Water and Electricity Company (EWEC) and Saudi Arabia’s ACWA Power said on Saturday they had secured financing of 3.19 billion dirhams ($869... Read more »