Romania's centrist opposition party Save Romania Union will nominate private pension fund NN Pensii's chief investment officer Cristian Popa to the new nine-member board of the central bank, a political source told Reuters on Wednesday.
BofA commodity arm fined by DOJ for trading practices
Bank of America Corp's commodity arm Merrill Lynch Commodities Inc has agreed to pay $25 million to resolve a probe into its trading practices, the U.S. Department of Justice said on Tuesday.
Natixis' H2O sells some illiquid debt to try to staunch outflows
H2O, one of French bank Natixis' asset management businesses, has sold off some illiquid assets and removed entry fees across its funds as it tries to stem outflows of customer money.
Norway wealth fund allowed to invest again in Walmart, Rio Tinto, others
Norway's $1 trillion wealth fund can invest again in miner Rio Tinto and retailer Walmart after their exclusions from the fund's investments on ethical grounds were revoked, the board of the central bank said on Tuesday.
Lords of the Ring: Can 'smart' ring give BlackRock fund managers the edge?
After years of using the internet, satellites, algos and other innovations to mine 'Big Data' for that edge over rivals, the world's biggest investment firm is trialing a gizmo that puts the focus back on humans -- its own portfolio managers.
U.S. judge tosses former SAC Capital trader's insider trading guilty plea
A federal judge in Manhattan on Friday threw out the 2013 insider trading guilty plea of a former trader at SAC Capital Advisors LP, the hedge fund once run by billionaire Steven A. Cohen, saying recent changes in the law meant there were not enough facts to support the plea.
DoubleLine's Gundlach says Fed's 'pivot' is following bond market's lead
Jeffrey Gundlach, chief executive of DoubleLine Capital and the most widely followed bond investor, said the Federal Reserve's dovish turn in its policy statement on Wednesday took its lead from the bond market.
UK puts mini-bond regulation under spotlight after LCF collapse
Britain's finance ministry said on Monday it would look at whether the regulation regime around mini-bond investments, used to raise funds for small businesses, is up to scratch following the collapse of investment firm London Capital & Finance (LCF).
A doctor on TV, Hill Harper is a money guru in real life
Many Hollywood stars are known for their lavish spending, but Hill Harper is far on the other end of the spectrum. He gives out sound money advice - not in character on TV, but in real life, with his knowledge gained as a Harvard-trained lawyer and serial entrepreneur.