EU regulations put off North American fund managers
New research from Ocorian — the provider of fund administration, capital markets, corporate and fiduciary services — shows that nearly all North American fund managers…
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BlackRock, Euroclear in private markets partnership
Apple, Google lose multibillion dollar EU court fights
Euronext IPOready 2025 launched in Dublin
European Fund Classification system in big expansion
EU markets regulator sees ‘high risk of corrections’
EIB approves €10.8bn for green energy and business
Northvolt moves R&D from California to Sweden
EU approves €5bn German support for microchip plant
EU states and UK sell €1 trillion bonds in first quarter
EU member countries and the UK issued €1.019 trillion in bonds and bills throughout the first quarter of 2024, an increase of 7.4% on Q1…
Balderton raises $1.3bn for European tech startups
Technology venture capital firm Balderton Capital has announced $1.3 billion in new funds to back European entrepreneurs. Balderton announced its $615 million Early Stage Fund IX…
European fund assets rise to €15.382 trillion – Lipper
Assets under management in the European fund industry increased from €14.371 trillion at December 30, 2023, to €15.382 trillion at the end of June 2024,…
SocGen to sell €900m wealth management units to UBP
French bank Societe Generale has agreed to sell its wealth management units in the UK and Switzerland to Switzerland’s Union Bancaire Privée (UBP) for about €900 million. The…
BNP Paribas in talks for €850bn-asset AXA IM
French banking giant BNP Paribas Group announced it has entered into exclusive negotiations with French insurance major AXA to acquire AXA Investment Managers (AXA IM) —…
European ETF assets hit $2 trillion for first time
European ETFs (exchange traded funds) raised $58.5 billion in the second quarter of 2024, an increase of 88% on the same quarter last year —…
MSCI launches 130 private capital indexes
Global index compiler MSCI has announced the launch of the MSCI Private Capital Indexes to cover the global private markets landscape. “The Indexes, constructed from…
Julius Baer appoints Goldman’s Bollinger as CEO
Swiss wealth management group Julius Baer has announced that Stefan Bollinger, currently a partner at Goldman Sachs, will become CEO of Julius Baer, no later than…
Global company debt rises to record $8.18 trillion
The world’s largest listed companies took on $378 billion of net new borrowing in 2023-24, pushing total corporate debt up 4.9% on a constant-currency basis…
Exchange-traded funds hit record $13.14 trillion assets
Research and consultancy firm ETFGI reported that the global ETF (exchange-traded funds) industry gathered $136.17 billion in net inflows in June 2024, bringing year to date…
Berlin’s AUTO1 Group in €223m car loan securitisation
Berlin-based AUTO1 Group SE, the giant digital automotive platform for buying and selling used cars, announced the successful pricing of its first-ever securitisation of German…
Axel Springer, KKR ‘in talks to break up media group’
Axel Springer CEO Mathias Doepfner and private equity firm KKR are in talks to break up the giant Berlin-based media conglomerate, according to a report…
51% of German transactions still made with cash
About 51% of all transactions in Germany in 2023 were settled using banknotes and coins, according to the Bundesbank’s latest study on payment behaviour in…
European Commission proposes €200bn EU budget
The European Commission said it has proposed an annual EU budget of €199.7 billion for 2025. “The budget will be complemented by an estimated €72 billion…
Blow for EU as MSCI excludes its bonds from indexes
The European Union’s borrowing costs rose on Thursday as global index compiler MSCI decided to leave EU debt securuties out of its government bond indexes….
European Investment Fund in €1bn Finland SME boost
The European Investment Fund (EIF) said it has finalised agreements with eight leading banks and financial institutions in Finland to assist small and medium-sized enterprises…
Reaction as European Central Bank cuts rates to 3.75%
The European Central Bank on Thursday confirmed a reduction in interest rates — despite lingering inflationary pressures in the euro zone. The move takes the…
Euronext completes Global Rate Set Systems acquisition
Euronext, the pan-European market infrastructure, announced it has completed the acquisition of 75% of the share capital of New Zealand-based Global Rate Set Systems (GRSS),…
Global company dividends hit Q1 record of $339bn
Global company dividends climbed to a first-quarter record of $339.2 billion, according to the latest Global Dividend Index from Janus Henderson. The firm has made…
N American fund managers look to Europe to raise funds
North American fund managers are increasingly looking to raise funds in Europe as they seek to broaden their investor base, according to new research from…
Microsoft invests €4bn in France’s AI and cloud tech
Microsoft announced it will invest €4 billion in France in cloud and AI infrastructure, AI skilling and French tech acceleration, aiming to train one million…
EU markets need to ‘activate long-term capital pools’
European capital markets are facing a decline in competitiveness, particularly when compared to the United States — and need to activate long-term capital pools across…
$12.71 trillion ETFs put hedge funds in the shade
Research and consultancy firm ETFGI has reported that assets invested in the global ETF (exchange traded funds) have surged ahead of the global hedge fund industry…
Global debt hits record $315 trillion – 333% of GDP
Global debt rose by $1.3 trillion to a new record high of $315 trillion — 333% of global GDP — in the first quarter of 2024,…
France leads, Germany falls as FDI to Europe stalls
Foreign direct investment (FDI) into Europe declined in 2023, falling 4% compared with 2022, and has dropped to 11% lower than in 2019, just before…
Amundi, European fund giant, tops €2.1 trillion assets
Paris-based Amundi, Europe’s biggest fund manager, said on Friday its assets rose by €16.6bn in the first quarter of 2024 to €2.116 trillion, setting a new record and…
European ETF assets hit record €1.563 trillion – Lipper
Assets under management in the European ETF (exchange traded fund) industry increased over the course of 2023 to reach a new all-time high of €1.563…
Puig, Catalan cosmetics group, seeks €2.5bn in IPO
Barcelona-based cosmetics group Puig, the family business behind many brands including Charlotte Tilbury, Paco Rabanne and Carolina Herrera, is planning to list in Madrid and other…
UBS sells $8bn of Credit Suisse assets to Apollo
UBS announced the sale of Credit Suisse’s securitised products business to Apollo Global Management as part of its move to shed non-core assets following its takeover…
Google, Apple, Meta targeted by EU Digital Markets Act
European competition regulators announced that Alphabet’s Google, Apple and Meta Platforms will be investigated for potential breaches of the EU’s new Digital Markets Act — potentially leading to big fines…
EU approves AI Act ‘to protect fundamental rights’
The European Parliament has approved its proposed Artificial Intelligence Act — which it said “aims to protect fundamental rights, democracy, the rule of law and…