Capstone Investment Advisors LLC, a hedge-fund firm with $2.4 billion in assets, sold a minority stake to a private-equity fund run by Neuberger Berman Group LLC, according to a letter sent to Capstone’s clients.
Imagine a parallel universe in which federal law prohibited Americans from paying anyone to care for their children, whether in cash or in some other “valuable consideration,” and where paid child care was similarly repugnant and illegal throughout most of the world.
Standard Chartered Plc, Britain’s second-largest lender by market value, cut bonuses by 7 percent and boosted its dividend after it was fined $667 million for U.S. sanctions violations. The shares rose.
Standard Chartered Plc, which paid $340 million to settle a regulator’s claim it broke Iranian sanctions rules, said operating profit in the first nine months rose by a “mid-single digit” rate as growth in Asia slows.
Standard Chartered Plc, which earns most of its income from Asia, posted an 11 percent increase in first-half profit, escaping the interest-rate rigging scandal that has embroiled its U.K. competitors.
Standard Chartered Plc, the U.K.’s second-largest bank by market value, said it plans to hire as many as 2,600 employees after posting its eighth annual record earnings on growth in corporate and consumer banking.
Standard Chartered Plc , the U.K. bank that gains most of its profit in Asia, posted its seventh successive year of record profit while warning that the biggest threat to future earnings is uncoordinated regulatory change.