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But last December, at an event held virtually rather than in a Las Vegas ballroom, the Amazon Web Services boss did something different: He talked about society. After acknowledging the tragedy of the coronavirus pandemic, Jassy called out the killings of three Black Americans that had sparked unprecedented protests across the country.
“The reality is for the last several hundred years, the way we treated Black people in this country is disgraceful and something that has to change,” he said.
Jassy, who succeeds Jeff Bezos as Amazon’s chief executive officer on July 5, is steeped in the company’s corporate religion: Put customers first, move fast, be frugal. He shares his boss’s competitive streak and mistrust of conventional wisdom.
Global tax deal may not come until October, OECD s Gurria says accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.
AXA, Other Mega-Investors Seek to Avoid Portfolios with Global Warming Potential
All good money managers expect to outperform their benchmark, and by one such metric the French insurer and investor AXA SA recently scored a market-beating success. Not by delivering higher returns, but by generating a lower level of global warming.
If human activity is driving carbon emissions and temperatures to dangerous highs, then a giant asset owner like AXA with a 650 billion-euro ($790 billion) horde of stocks, corporate bonds and sovereign debt is one of the principal proprietors of climate change. In theory, that means every investment portfolio can be evaluated for the “warming potential” of its underlying assets.
BNP Paribas Sees Revenue Recovery After Debt-Trading Miss
Bloomberg 2/5/2021 Alexandre Rajbhandari
(Bloomberg) BNP Paribas SA signaled higher revenue and potential share buybacks this year after reporting weaker-than-expected trading results and a slowdown at the fixed-income business.
The French bank posted an uneven fourth-quarter performance that saw net income and provisions beat estimates, while overall revenue and trading including debt and equity came in below expectations. While the lender signaled an uncertain outlook as the pandemic continues to lock down large swathes of Europe, it did signal that revenue would trend upwards this year as economies start to rebound in the second half.