PNC Financial Services Group plans to acquire BBVA, a Spanish bank, in an all-cash deal worth $11.6 billion. The deal will make PNC the fifth-largest bank in the US in terms of assets.
Multi-trillion dollar asset manager BlackRock alone holds close to US$1 billion of ‘Eurobonds’ in Ghana, Kenya, Nigeria, Senegal and Zambia through a number of funds.
JPMorgan’s asset management business is to buy the 49% stake in CIFM to tap into the country’s growing affluent finance sector.
A US Department of Labor proposal to discourage retirement plans from making investments based on environmental, social and governance (ESG) considerations will speed up interest in ESG investing.
Fidelity Investments, an institutional investor with a £300 million stake in satellite broadcaster British Sky Broadcasting (BSkyB), has demanded that Rupert Murdoch’s News Corporation …