FTfm: UBS topples BofA in wealth management, Brussels sets...


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Financial Times
FTfm
Wednesday July 10 2013

Financial Times - FTfm
 
UBS topples BofA in wealth management
Swiss bank has increased its assets under management 9.7% in the past year to $1.7tn, helped by client money growth in emerging markets
http://link.ft.com/r/KC2844/9M354Z/26QPAK/HIKPNV/9MTLLA/AZ/h?a1=2013&a2=7&a3=10
 
Brussels sets up banks clash with Berlin
Brussels plans to expand its powers over the region's banking sector by creating a €60bn cross-border rescue fund and authority to wind up any of its 6,400 banks
http://link.ft.com/r/KC2844/9M354Z/26QPAK/HIKPNV/FDO66K/AZ/h?a1=2013&a2=7&a3=10
 
US loan vehicles pump up with leverage
The amount of debt finance used by collateralised loan obligations jumped in the second quarter of 2013, according to figures from RBS
http://link.ft.com/r/KC2844/9M354Z/26QPAK/HIKPNV/YG9QQV/AZ/h?a1=2013&a2=7&a3=10
 
KKR raises record $6bn for Asian fund
New York private equity group trumps rival TPG, which fell short of its $5bn target, in a sign of investor confidence in the group's record in region
http://link.ft.com/r/KC2844/9M354Z/26QPAK/HIKPNV/SUKXXT/AZ/h?a1=2013&a2=7&a3=10
 
Scourge of Wall Street seeks new pulpit
Eliot Spitzer said he would attempt to shake up oversight of spending in the city, including overseeing five public pension funds
http://link.ft.com/r/KC2844/9M354Z/26QPAK/HIKPNV/NRM77L/AZ/h?a1=2013&a2=7&a3=10
 
L&G chief hits at EU regulatory framework
Chairman of European Insurance and Occupational Pensions Authority defends Solvency II, arguing it was 'still possible' it would be ready by 2016
http://link.ft.com/r/KC2844/9M354Z/26QPAK/HIKPNV/7Z1UU4/AZ/h?a1=2013&a2=7&a3=10
 
US corporate borrowers return to market
Burst of activity has broken a dry spell in new dollar-debt issuance with more than $8bn in bonds being sold by four leading US companies
http://link.ft.com/r/KC2844/9M354Z/26QPAK/HIKPNV/20FRJG/AZ/h?a1=2013&a2=7&a3=10
 
Asset management hits record level
Amount of money invested globally surpasses pre-crisis levels as animal spirits stir again, according to the Boston Consulting Group
http://link.ft.com/r/KC2844/9M354Z/26QPAK/HIKPNV/K9A22U/AZ/h?a1=2013&a2=7&a3=10
 
Citigroup sells EMI pension fund
The sale of EMI's pension fund rids Citigroup of one legacy of the ill-fated takeover that it backed in 2007, just as another looms
http://link.ft.com/r/KC2844/9M354Z/26QPAK/HIKPNV/52P33Z/AZ/h?a1=2013&a2=7&a3=10
 
Lyxor targets UK for ETF expansion
Lyxor is targeting the UK as a key market as it seeks to restore its underperforming ETF business to growth
http://link.ft.com/r/KC2844/9M354Z/26QPAK/HIKPNV/20FRRZ/AZ/h?a1=2013&a2=7&a3=10
 
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Video
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Investment in post-Morsi Egypt

Markets have been volatile after the removal of President Mohamed Morsi. Tarek Shahin, Africa investment specialist with Investec Asset Management, explains to the FT's Ellen Kelleher why he's still hopeful on Egypt and the significance of an IMF loan for investors.


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