A former executive at hedge fund firm Ziff Brothers Investments LLC has landed at The Blackstone Group L.P. (NYSE:BX). Parag Pande, who ran an industrials portfolio at Ziff, started this week as head of research for Blackstone Alternative Asset Management, according to people with knowledge of the matter. The Blackstone Group L.P. (NYSE:BX) shares closed at $31.61 on last trade day, by gaining 0.67%. Stock 52 week range is $18.05 – $33.41. Company’s market capitalization is $17.85 billion.
The Bank of New York Mellon Corporation (NYSE:BK), a global leader in investment management and investment services, announced the beginning of a new era in its Treasury Services business with the launch of a new global payments infrastructure. BNY Mellon’s new global payments infrastructure is designed to deliver significantly enhanced levels of processing efficiency, reliability, transparency and cash management oversight. Focused initially on Euro clearing capabilities for BNY Mellon’s global clients, the new infrastructure will harness and extend BNY Mellon’s established strengths as a processor of US dollar-denominated payments across the extensive array of global currencies that BNY Mellon supports as a major provider of global payments and foreign exchange services. The Bank of New York Mellon Corporation (NYSE:BK) stock opened at $31.74 in last trading session, and closed at $31.98, trading in the range of $31.68 – $32.01. The stock showed a positive weekly performance of 1.62%.
On Feb 8, Zacks Investment Research upgraded Lazard Ltd (NYSE:LAZ) to a Zacks Rank #1 (Strong Buy). Lazard Ltd (NYSE:LAZ) stock finished the last session at $44.16. The EPS of the stock remained 1.20. Company’s market capitalization is $5.70 billion.
London police are investigating client overcharging at State Street Corporation (NYSE:STT)’s U.K. unit that led to a 22.9 million-pound fine ($38.1 million) from regulators, an Irish fund official told lawmakers in Dublin. State Street Corporation (NYSE:STT)stock opened at $68.15 in last trading session and closed at $68.50. The 52 week range of the stock is $54.57 – $76.24 and the day range was $68.03 – $68.92.
Leave a Reply