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Asset managers headed for increasingly lean years, study says

Asset managers headed for increasingly lean years, study says ZURICH, Oct 21 (Reuters) - Profitability at asset managers has slipped for the past two years and is likely to decline further through 2028 as investors increasingly opt for products with lower fees, such as exchange-traded funds (ETFs), according to a new study. The study of 40 global asset managers including BlackRock, State Street, JPMorgan and Goldman Sachs by German financial strategy advisor zeb Consulting showed their profits i
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U.S. STOCKS Howmet Aerospace, Alaska Air, Arcus Biosciences

BUZZ-U.S. STOCKS ON THE MOVE-Howmet Aerospace, Alaska Air, Arcus Biosciences Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were subdued on Monday as investors took a breather after the previous week's rally, awaiting results from major companies that could influence whether markets would sustain their record highs or decline.
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Santander launches US digital bank to cut cost of auto lending

UPDATE 1-Santander launches US digital bank to cut cost of auto lending Launches Openbank in US to expand retail unit nationwide Could help lender fund as much as $30 bln of auto loan assets Plans to evaluate how to grow Openbank further, including deals Adds details in paragraphs 9, 10, 11 on the U.S. and products By Jesús Aguado and Saeed Azhar MADRID/NEW YORK, Oct 21 (Reuters) - Spain's Santander SAN.MC launched its digital bank in the United States on Monday, which could help fund up to $30
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Vans parent VF Corp falls as J.P.Morgan puts stock on negative catalyst watch

BUZZ-Vans parent VF Corp falls as J.P.Morgan puts stock on negative catalyst watch Updates ** Shares of VF Corp VFC.N p lunge as much as 1 1 % t o $ 17.45 in early trading ** Brokerage J.P.Morgan adds VFC to negative catalyst watch ahead of Q2 2025 results, keeps PT at $16 ** If losses hold, stock set for worst day since April 12 ** Says it sees co
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JPMorgan rehires scientist Sarah Kapnick in climate push, memo shows

MOVES-JPMorgan rehires scientist Sarah Kapnick in climate push, memo shows Oct 21 (Reuters) - JPMorgan Chase JPM.N has rehired scientist Sarah Kapnick to advise its corporate and investment banking clients, according to an internal memo seen by Reuters on Monday, as the Wall Street giant ramps up its climate advisory offerings. Kapnick rejoins JPMorgan as the global head of climate advisory within the firm's commercial and investment bank (CIB) unit.
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