BlackRock now has the biggest slice of Sports Illustrated owner Authentic Brands
Getty Images Investment giant BlackRock just became the largest stakeholder of Sports Illustrated’s parent company. BlackRock bought roughly a 30% stake in Authentic Brands Group for $875 million, the company’s chief executive officer Jamie Salter told CNBC’s Brian Sullivan in...
Kenya lifts rate cap, boosts hope for new IMF agreement
Local Kenyan shilling-denominated bond yields had risen in the weeks leading up to the vote Bank stocks rallied and investors rushed to buy local Kenyan government bonds after the country’s parliament voted on Tuesday to remove the cap on banks’ commercial lending...
Independent TCA still a challenge in FX market
A shadow falls across the Bank of England During a presentation on FX market fragmentation at TradeTech FX 2019 in September, Andrew Hauser, executive director for markets at the Bank of England (BoE), spoke of the merits of responding to...
Online US consumer banking is a game of give and take
News in October that Santander plans to launch a nationwide deposit gathering platform in the US in the next 12 months has invited an inevitable comparison with Goldman Sachs’ move into the space. The latter’s Marcus consumer lending arm has...
Market bull Ed Yardeni downplays recession fears, sees return to all-time highs
Long-time market bull Edward Yardeni is downplaying recession jitters. The Yardeni Research president suggests investors who fear an economic downturn will miss out on a fresh run to record highs. “The outlook for the economy remains positive,” he told CNBC’s...