Two pension funds filed a lawsuit against Blackrock, alleging that the world’s biggest asset manager had “looted” securities-lending revenues from iShares exchange-traded funds investors, and breached its fiduciary duties. In the suit, the Laborers’ Local 265 Pension Fund of Cincinnati and the Plumbers and Pipefitters Local No. 572 Pension Fund […]
Author: InvestAdvocate
Analysis: Small lenders ride U.S. mortgage wave as big banks cut back
Guaranteed Rate, Inc, a home loan company, opened shop in 2000 in Chicago with a single office. Now it is one of the 20 biggest U.S. mortgage lenders, with more than 140 offices. Most of that growth has come in the last two years and Chief Executive Victor Ciardelli said […]
Banks develop framework to support power projects
Deposit Money Banks in the country have started a collaborative effort to develop amenable financing framework that will serve as the financial industry’s master template for the funding of the power sector. A statement made available to our correspondent on Friday said the strategic funding plan was being developed under […]
