BofA: Cash sees largest weekly inflow, money market AUM hits $6.1 trillion

Global stock funds attracted $6.3 billion in the week through June 12, driven by US equities, which registered their eighth consecutive week of inflows, Bank of America said in a Friday report. Europe remains the only region experiencing year-to-date outflows, with equity funds in the region suffering outflows for the fourth consecutive week. BofA noted […]

Activist Starboard amasses Autodesk stake, weighs suit over delayed probe disclosure

Starboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics design firm Autodesk and has spoken with the company’s board in recent weeks over several serious concerns involving its disclosures around an internal investigation that led to the ouster of its chief financial officer. Starboard’s stake is valued at roughly $500 million, according to […]

Revolut picks new Canary Wharf HQ as it expands headcount

Britain’s Revolut is to become the first tenant in a newly refurbished building in London’s Canary Wharf financial district, taking on 40% more floorspace for its new headquarters as the fintech firm accelerates hiring. Bankers arriving in Canary Wharf will soon be greeted by giant “Revolut” logos on top of the “YY London” building. Mock-up […]

Swiss financial regulator wants to be able to name and shame banks

Swiss financial regulator FINMA wants to be able to name and shame banks which breach its rules, Chief Executive Stefan Walter told newspaper NZZ in an interview published on Tuesday. The call is one of FINMA’s demands for increased powers after the authority came under fire over its handling of Credit Suisse’s collapse last year. […]