John Mack: ‘Stop Beating Up on Lloyd and Jamie’
Former Morgan Stanley CEO talks to Bloomberg TV about Barclays' recently announced mass layoffs and whether CEOs, on and off Wall Street, are overpaid.
Putnam Investments Opens Office in China
Putnam Investments announced on Wednesday that it has opened an office in Beijing, the latest step in building its presence in strategic markets within Asia.
BlackRock to Plan Asia Investment Fund with CIC
BlackRock is said to be planning to launch an Asia investment fund together with China Investment Corp., China’s sovereign wealth fund.
China to Kick Off $300 Billion Investment Vehicle for FX
China is on the verge of launching a new $300 billion investment vehicle that would boost returns on foreign exchange reserves by setting up funds targeting the U.S. and Europe.