Finance

BlackRock extends AGM vote choice to more equity index clients

BlackRock (BLK.N), the world’s biggest asset manager, said on Monday that clients owning nearly half of its $4.9 trillion in equity index assets were now free to control how votes are cast at the annual meetings of the companies in which their funds invest.

Dollar drives higher, yen tumbles to 1998 lows

The safe haven dollar gained towards fresh two-decade highs versus major rival currencies on Monday, supported by fears over a global economic slowdown and bets on steep interest rate hikes by the U.S. Federal Reserve.

U.S. banks finally see upturn in credit-card borrowing

Big U.S. banks including JPMorgan Chase & Co (JPM.N) and Citigroup (C.N) appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans.

UK financial regulators to directly oversee cloud services

Britain’s financial watchdog will have powers to make onsite visits to oversee cloud computing firms like Amazon (AMZN.O), Google (GOOGL.O) and Microsoft (MSFT.O) that provide “critical” services to financial firms, the finance ministry said on Wednesday.

BlackRock extends AGM vote choice to more equity index clients

BlackRock (BLK.N), the world’s biggest asset manager, said on Monday that clients owning nearly half of its $4.9 trillion in equity index assets were now free to control how votes are cast at the annual meetings of the companies in which their funds invest.

Dollar drives higher, yen tumbles to 1998 lows

The safe haven dollar gained towards fresh two-decade highs versus major rival currencies on Monday, supported by fears over a global economic slowdown and bets on steep interest rate hikes by the U.S. Federal Reserve.

U.S. banks finally see upturn in credit-card borrowing

Big U.S. banks including JPMorgan Chase & Co (JPM.N) and Citigroup (C.N) appear set for some earnings boost from a pick-up in the battered credit-card business, but a possible recession would pull consumers back and bring losses on outstanding loans.

UK financial regulators to directly oversee cloud services

Britain’s financial watchdog will have powers to make onsite visits to oversee cloud computing firms like Amazon (AMZN.O), Google (GOOGL.O) and Microsoft (MSFT.O) that provide “critical” services to financial firms, the finance ministry said on Wednesday.

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