Bloomberg Blackstone Group LP could double its assets under management to $800 billion in five years, according to CEO Steve Schwarzman. “We have internal targets, plans, aspirations to basically double where we are which would take us to $800 billion,” Schwarzman said in Riyadh on Wednesday. When asked whether the New York-based asset manager could be a trillion dollar fund, ...

Bloomberg Singapore’s second-largest lender has decided that the best place to expand its research is the country’s rival market Hong Kong. Oversea-Chinese Banking Corp. plans to add coverage of 60 Hong Kong-listed stocks, with 14 to 20 started by year-end, according to Carmen Lee, its head of research. That would supplement the around 75 firms already tracked by Bank of ...

Bloomberg Barclays Plc’s Jes Staley may need to reassure investors on two fronts when the bank reports third-quarter results on Thursday. While an industrywide slump in securities trading has likely weighed on the investment bank, analysts will look for any clues on how the group’s more profitable retail and card businesses are faring after US rivals signaled this month they’re ...