ANZ's Profit Flat, Increases Dividend

ANZ Group Holdings' annual net profit was flat, but the bank increased its dividend even as higher interest rates impact economic activity. 


 
Fed's Daly says she's not sure interest rates are high enough to finish the job on inflation

San Francisco Fed President Mary Daly said Friday she wasn't sure that the central bank has raised interest rates high enough to bring inflation back down to the 2% target. 


 
Schwab's Unrealized Bond Losses Widened to $19.4B

The unrealized paper losses in a key part of its large bond portfolio widened in the third quarter to $19.4 billion. 


 
Private Equity, Now Featuring Less Equity

Exposure to the expanding world of private credit has been key for alternative managers. 


 
Hedge Funders Are Worried About Inflation. 2 Plays.

Citadel founder Kenneth Griffin said that as countries retool their economies to be less reliant on foreign competitors costs will go up. 


 
United Bankshares Raises Dividend

United Bankshares raised its quarterly dividend 2.8%, to 37 cents a share, marking the company's 50th consecutive year of raised payouts. 


 
The 'Indiana Jones' of emerging market investing, Mark Mobius, stepping down as lead manager

Well-respected emerging markets investor Mark Mobius said he will step back from the company he co-founded five years ago. 


 
Biotech Companies Tap Saudi Arabia for Venture Funding

Slowing U.S. venture investment is spurring startups to consider investors from the oil-rich country. 


 
ICBC Hack Targeted the Digital Underbelly of Financial Markets

The unit of Industrial and Commercial Bank of China remains unplugged from U.S. markets. 


 
Allianz Keeps Outlook Despire Profit Drop

Allianz confirmed its operating profit target for 2023 despite reporting a lower third-quarter profit, hurt by natural-catastrophe claims.


(END) Dow Jones Newswires

11-13-23 0015ET