{
Franklin Resources, Inc.

Companies

}
former wamco co-cio charged with fraud in cherry-picking scheme
Kenneth Leech, former co-CIO of Western Asset Management, has been charged with fraud for allegedly running a $600 million "cherry-picking" scheme, favoring certain clients in trade allocations. The SEC claims he misled investors and lied during testimony. Leech, who has a nearly 50-year unblemished career, plans to vigorously defend himself against the charges.
CNBC
United States Dollar Legg Mason Inc. Franklin Resources, Inc. USA Sanjay Wadhwa Kenneth Leech Jonathan Sacks, Baron Sacks Show more
Regulatory & Legal, News Article
00:13 26.11.2024
IT sector poised for growth as banks modernize systems and increase spending
The IT sector is poised for a turnaround, driven by cloud, data, and AI, with banking and financial services (BFS) expected to see revenue normalization by FY26 due to increased discretionary spending from US firms. Major banks are modernizing legacy systems, with Citi retiring 450 applications and Morgan Stanley experiencing double-digit tech spending growth. However, some institutions like Wells Fargo and TD Bank prioritize regulatory compliance, with TD planning to invest $500 million annually in upgrades by CY2026 following a significant fine.
Moneycontrol
United States Dollar TD Bank, National Association Citizens, Inc. Franklin Resources, Inc. Wells Fargo & Company Morgan Stanley The Goldman Sachs Group, Inc. Discover USA Show more
Finance & Economy, Market Report
04:16 25.11.2024
franklin resources to integrate wamco amid sec investigation and job cuts
Franklin Resources Inc. will begin integrating parts of its Western Asset Management Co. unit as it faces a Securities and Exchange Commission investigation involving its prominent bond manager, Ken Leech. The transition will see Wamco's middle office operations merged into the larger firm, as announced by Franklin CEO Jenny Johnson and Wamco CEO Jim Hirschmann during a recent town hall meeting.
Bloomberg.com
Franklin Resources, Inc. Western Asset Management Company LLC USA Jim Hirschmann Jenny Johnson
Finance & Economy, News Article
23:08 14.11.2024
Franklin Resources shares drop amid Wamco outflows and CFTC investigation
Shares of Franklin Resources Inc. dropped by as much as 7.7% following news of a Commodity Futures Trading Commission investigation into Western Asset Management Co. The firm has experienced $53 billion in outflows since it was revealed that Co-Chief Investment Officer Ken Leech is under scrutiny for potentially favoring certain clients with winning trades.
Bloomberg.com
Franklin Resources, Inc. Western Asset Management Company LLC USA Ken Leech
Regulatory & Legal, Market Report
19:06 04.11.2024
franklin resources reports 1374 billion in assets under management
Franklin Resources, Inc. operates in investment fund management, divided into investment and financial services under various brands, including Franklin and Templeton. As of September 2023, the company managed USD 1,374.2 billion in assets, with a significant portion of its sales (74.9%) generated in the United States. The geographical sales breakdown also includes Luxembourg (14.4%) and smaller percentages from other regions.
Zonebourse
United States Dollar Franklin Resources, Inc. UBS AG USA LUX
TradFi, Market Report
15:12 22.10.2024
franklin resources reports 1374 billion in assets under management
Franklin Resources, Inc. has received a neutral rating from UBS. The company specializes in investment fund management, with assets under management totaling USD 1,374.2 billion as of September 2023. Its operations are divided into investment services and financial services, with a significant portion of net sales generated in the United States (74.9%).
MarketScreener
United States Dollar Legg Mason Clearbridge Investments LLC Franklin Resources, Inc. Benefit Street Partners Capital Opportunity Fund LP Brandywine Global Investment Management LLC USA LUX Show more
TradFi, Market Report
22:00 21.10.2024
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