Aberdeen Asset Management Inc. of Philadelphia, a subsidiary of Aberdeen Asset Management PLC of Scotland, has unveiled the Aberdeen Emerging Markets Fund.
It is intended for institutional investors with a minimum investment of $1 million. The fund was announced Friday and will be available to investors on May 3.
The fund is managed by Aberdeen's global emerging markets team. Aberdeen Asset Management PLC had $148 billion of assets under management as of Dec. 31.
The bank, which owns 48.5% of the Greek fintech, is battling with the company's owners over how to determine valuation, among other disputes. JPMorgan says it is reviewing aspects of the legal case but is still seeking a $1 billion claim in Greece.
Three executives at Space City Credit Union in Houston will get a total of $6.75 million if the cooperative's members approve a merger. The 12,000 or so members will split $5 million.
The Trump administration has withdrawn from the Federal Register a proposed rule that sought to protect consumers from having their sensitive financial information sold.
New York Attorney General Letitia James is accusing Capital One of deliberately deceiving customers and obscuring higher interest rates. The lawsuit comes less than three months after the CFPB dropped a similar case against the bank.
As banks face mounting check fraud, a newly unsealed indictment reveals how one criminal ring exploited weak spots in the system.
A joint study by the Federal Reserve Bank of New York and the Bank for International Settlements found that a shift to widespread tokenization would not impact central banks' ability to transmit monetary policy, and that the technology could even prove beneficial.
