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Apr 25, 2019
Investors took a break from their buying binge of risk assets in the week ended Wednesday, as U.S.-based high-yield junk bond funds posted $520 million in cash withdrawals, according to Refinitiv's...
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Apr 25, 2019
The U.S. Treasury Department may float the idea of reducing the issuance of coupon-bearing debt at its upcoming May refunding after the Federal Reserve's decision to end its balance sheet...
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Apr 24, 2019
(The opinions expressed here are those of the author, a columnist for Reuters.)
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Apr 18, 2019
UBS Global Wealth Management has closed its overweight position in U.S. equities and shifted to an overweight in emerging market and Japanese stocks, it said on Thursday.
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Apr 18, 2019
The new managers of Columna Commodities Fund, a Luxembourg hedge fund which went into liquidation in early 2017, have said they are suing its former managers Alter Domus for $56 million in lost...
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Apr 18, 2019
U.S. private equity firm Advent International Corp is preparing to launch a $2.2 billion fund to invest in Latin American companies, two people with knowledge of the matter told Reuters.
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Apr 17, 2019
Norway's sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New York properties and to acquire a few new, the fund said on Wednesday.
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Apr 17, 2019
The major drivers of high U.S. corporate profit margins are unsustainable and "now under threat", which will eventually result in much lower equity prices, Bridgewater Associates, the world's largest...
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Apr 16, 2019
Hedge fund manager Keith Meister on Tuesday named energy company Diamondback Energy Inc. as one of Corvex Management's top investment ideas after the company bought a rival last year.
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Apr 16, 2019
Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm's founder Jeffrey Smith said at a conference on Tuesday.
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Apr 16, 2019
Short positioning on European equities was the "most crowded trade" for the second straight month in April, a survey of fund managers by Bank of America Merrill Lynch found.
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Apr 16, 2019
Short positioning on European equities was seen as the "most crowded trade" for the second straight month in April, a fund manager survey by Bank of America Merrill Lynch found on Tuesday.
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Apr 12, 2019
Stressed out by the tax deadline on April 15?
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Apr 12, 2019
If an overflowing inbox is killing your productivity at the office, you are not alone.
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Apr 12, 2019
Australia's embattled second-largest wealth manager, IOOF Holdings Ltd, was sued on Friday by shareholders who alleged the company engaged in deceptive conduct and breached sharemarket disclosure...
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Apr 12, 2019
Bank of America Merrill Lynch appointed Joseph Fayyad and Tamao Sasada as country executives of Australia and Japan, respectively, an internal memo seen by Reuters said.
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Apr 11, 2019
Investors put money to work in corporate credit markets in the latest week, with U.S.-based investment-grade corporate bond funds attracting about $3.47 billion in the week ended on Wednesday, the...
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Apr 11, 2019
Investors put money to work in corporate credit markets in the latest week, with U.S.-based investment-grade corporate bond funds attracting about $3.47 billion in the week ended on Wednesday, the...
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Apr 11, 2019
Credit Suisse Group AG on Thursday named veteran banker Yves-Alain Sommerhalder as head of its newly-created Asia Pacific trading solutions business, which seeks to use market expertise to sell...
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Apr 11, 2019
Executives at the largest U.S. banks are grappling with how to best talk about the slowing economy and its impact on their businesses as they enter earnings season, people familiar with their...
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Apr 10, 2019
Cash is king with young people, but it is not helping them build a credit history or boost their credit scores.
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Apr 10, 2019
Investors pulled nearly net $7.5 billion out of mutual funds and exchange-traded funds that hold U.S. stocks last week, capping the largest two-week retreat from the domestic stock market since July...
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Apr 10, 2019
Morgan Stanley has won an auction to buy an additional 5.5 percent stake in its China mutual funds joint venture, in a deal that will make it the top shareholder of Morgan Stanley Huaxin Fund...
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Apr 09, 2019
A dozen of Deutsche Bank's exchange-traded notes that provide exposure to oil, metals and other commodities are set to stop trading on Thursday, according to a recent filing by the bank.
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Apr 09, 2019
Investor activists said on Monday they will campaign to unseat two directors at gunmaker Sturm Ruger & Co, citing what they called its resistance to their concerns after shareholders won a battle...
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Apr 09, 2019
When college student Danny Franklin started thinking about jobs after graduation, his expectations were not very high.
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Apr 09, 2019
Crimefighters in Switzerland and Brazil pledged to intensify cooperation to resolve the sprawling corruption case linked to state oil firm Petrobras in which around 700 million Swiss francs ($701...
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Apr 08, 2019
Market regulators are poised to approve trading of a new kind of product that could bring more stockpickers to U.S. exchange-traded funds, according to a filing on Monday.
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Apr 08, 2019
The U.S. Securities and Exchange Commission said in a filing on Monday it plans to approve Precidian Investments' non-transparent exchange-traded fund (ETF) proposal.
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Apr 08, 2019
Two shareholder advisers have recommended Credit Suisse shareholders vote against the Swiss bank's compensation report and a third backed the report while expressing reservations about whether...
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Apr 08, 2019
Two shareholder advisers have recommended Credit Suisse shareholders vote against the Swiss bank's compensation report and a third backed the report while expressing reservations about whether...
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Apr 08, 2019
Credit Suisse's shareholders should vote against the bank's compensation report at the April 26 annual general meeting, proxy adviser Glass Lewis said, citing an "unjustified CEO bonus increase" for...
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Apr 05, 2019
Activist investor Starboard Value LP said on Friday it was withdrawing its nominations for directors at Dollar Tree Inc's board, saying that it was pleased with the company's decision to test...
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Apr 05, 2019
The U.S. benchmark S&P 500 stock index will scale new peaks above 3,000 in the second quarter before topping out, Bank of America Merrill Lynch (BAML) said on Friday as data showed more cash was...
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Apr 04, 2019
Investors' appetite for risk-taking was strong in the latest week, as U.S.-based high-yield junk bond funds attracted more than $2 billion in the week ended Wednesday, marking the group's fourth...
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Apr 04, 2019
Investors' appetite for risk-taking was strong in the latest week, as U.S.-based high-yield junk bond funds attracted more than $2 billion in the week ended Wednesday, marking the group's fourth...
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Apr 04, 2019
Third Point LP returned 9 percent in the first quarter of 2019 fueled largely by gains at Nestle, which was publicly critiqued by the hedge fund in 2018 for its "muddled strategic approach," an...
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Apr 03, 2019
The Federal Reserve's pivot on tightening U.S. monetary policy this year and a change in a bond market gauge that is often viewed as a harbinger of a recession pose a dilemma for investors: how to...
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Apr 03, 2019
U.S. stocks just wrapped up their best quarter in nearly a decade, coming within a stone's throw of a record high.
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Apr 03, 2019
Investors pulled a net of nearly $11 billion in assets out of mutual funds and exchange-traded funds that hold U.S. equities last week, the largest retreat from domestic stocks since the final week...
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Apr 02, 2019
A typical couple could potentially spend $285,000 on out-of-pocket healthcare costs in retirement.
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Mar 29, 2019
Getting followed on social media could soon gain a new meaning for workers applying for Social Security disability benefits. The Trump administration is working on a plan to let the Social Security...
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Mar 29, 2019
Chinese electric vehicle (EV) maker NIO Inc has blocked the eight top investment banks that did its IPO from working for rivals by tying them up in rare year-long non-compete clauses, several people...
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Mar 29, 2019
Generous salary and juicy bonus? Check. Client meetings at private members' club? Check. Swanky Mayfair office? Check. Company maternity scheme? Maybe, we'll get back to you.
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Mar 28, 2019
U.S. healthcare plan and pharmacy benefits manager Magellan Health Inc is nearing an agreement with Starboard Value LP to expand the size of its board by several seats, including a representative...
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Mar 28, 2019
U.S. healthcare plan and pharmacy benefits manager Magellan Health Inc. is nearing a settlement with Starboard Value LP to expand its board of directors by several seats, including with a Starboard...
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Mar 28, 2019
Australian construction firm LendLease Group has appointed Morgan Stanley and local adviser Gresham to run the sale of its underperforming engineering and services business (E&S), two people aware of...
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Mar 27, 2019
Everyone has a dream of making it to the top, but what happens when you actually get there? Only a handful of people even know what that is like.
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Mar 25, 2019
For months, activist investor William Ackman promised to rebuild his record. Now he has some numbers to prove it.
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Mar 25, 2019
Hedge fund manager William Ackman said in his annual letter to shareholders that his Pershing Square Holdings fund has gained 31.9 percent since the start of 2019, the best start to the year in the...
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Mar 25, 2019
It sounds like it should have been impossible to miss, but it took more than a year for an industrial equipment company to discover $12,000 worth of doggie day spa charges on an employee's expense...
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Mar 22, 2019
Global equity funds saw massive outflows this week, a sharp reversal from last week's inflows as pessimism over economic growth gripped investors once again, driving them instead to search for yield...
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Mar 21, 2019
Morgan Stanley was ranked as the top adviser to companies targeted by activist investors publicly for the third straight year in 2018 while Goldman Sachs vaulted past two competitors to the number...
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Mar 20, 2019
The board of French oil and gas major Total has proposed total 2018 compensation for Chief Executive Patrick Pouyanne of 3.1 million euros ($3.55 million), compared with 3.8 million in 2017, company...
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Mar 20, 2019
The board of French oil and gas major Total has proposed to keep Chief Executive Patrick Pouyanne's 2018 compensation at 3.1 million euros ($3.55 million) compared with 3.8 million in 2017, company...
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Mar 19, 2019
Fund managers have named bearish bets in European equities as the "most crowded" trade in Bank of America Merrill Lynch's survey for the first time in its history, suggesting sentiment for one of the...
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Mar 18, 2019
If you are looking for steady work, it is probably best not to go into show business. Unless you are Peter Krause, that is.
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Mar 15, 2019
Corporate America's biggest shareholders have traditionally been content with sharing their views on a company's strategy privately with management.
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Mar 15, 2019
Investors plowed $14.2 billion into global equity funds this week, the largest amount in a year as investors jumped on to 2019's stock market rally, Bank of America Merrill Lynch said on Friday,...
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Mar 14, 2019
Advantage Lithium Corp said on Thursday it has temporarily replaced Chief Executive David Sidoo as he battles U.S. fraud charges connected to a sweeping college admissions scandal.
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Mar 14, 2019
TPG Capital said on Thursday it had fired senior executive Bill McGlashan after he was charged in connection with a U.S. college fraud scheme that has ensnared Hollywood celebrities and corporate...
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Mar 13, 2019
U.S. investors ended their longest buying streak since October by pulling money out of domestic stock mutual fund and exchange-traded funds last week on global concerns about economic growth in...
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Mar 12, 2019
Everyone knows the Golden Rule of business is to pay yourself first. But more than half of small business owners are going months without pay - if they are taking any at all.
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Mar 08, 2019
A $10 billion wipeout over the last week has compounded the worst start to a year for equity flows since 2008, Bank of America Merrill Lynch strategists said on Friday.
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Mar 08, 2019
The global art market experienced another uptick in 2018, helped by an increase in the spending power of millennials, a report published by UBS and Art Basel said on Friday.
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Mar 05, 2019
The top U.S. securities regulator said on Tuesday that BB&T Securities has agreed to return more than $5 million to retail investors and pay a $500,000 penalty to settle charges that a firm it...
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Mar 05, 2019
JPMorgan Chase & Co has decided to stop financing private operators of prisons and detention centers, which have become targets of protests over Trump administration immigration policies.
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Mar 04, 2019
BlackRock, the world's biggest asset manager, on Monday recommended investors hold more U.S. Treasury Inflation Protected Securities (TIPS) as the Federal Reserve is expected to refrain from raising...
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Mar 04, 2019
When Laura Hirsch of Keller Texas had to find a rehabilitation center to help her father recover from a difficult surgery in September, the caregiving service Cariloop saved her a whole day.
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Mar 01, 2019
PG&E Corp investor BlueMountain Capital Management LLC on Friday named 13 people it hopes to install as directors at the embattled power utility weeks after the company filed for bankruptcy in the...
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Mar 01, 2019
U.S. personal income fell for the first time in more than three years in January and consumer spending dropped by the most since 2009 in December, putting the economy on a weak growth path early in...
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Mar 01, 2019
U.S. personal income fell for the first time in more than three years in January as dividends and interest payments dropped, pointing to moderate growth in consumer spending after it fell by the most...
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Mar 01, 2019
U.S. personal income fell for the first time in more than three years in January as dividends and interest payments dropped, pointing to moderate growth in consumer spending after it fell by the most...
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Mar 01, 2019
Can regular people calculate their state taxes in light of the new U.S. tax law?
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Mar 01, 2019
Some of the world's biggest private equity investors raised concerns this week that the $3.4 trillion leveraged buyout industry is overheating, as more fund managers pay top dollar for acquisitions...
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Feb 28, 2019
Investors poured money into equity exchange-traded funds and high-yield "junk" bond funds in the week ended on Wednesday, as U.S. President Donald Trump said he would extend a deadline to delay...
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Feb 28, 2019
Investors poured money into equity exchange-traded funds and high-yield "junk" bond funds in the week ended Wednesday, as President Donald Trump said he would extend a deadline to escalate tariffs on...
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Feb 28, 2019
Top U.S. pension funds are asking electric utilities to accelerate efforts to cut carbon emissions but will not force the issue with proxy resolutions this spring, hoping market shifts and falling...
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Feb 28, 2019
Global funds recommended a bigger safety buffer in February, with cash holdings raised to their highest in more than three years and equity allocations cut to the lowest in nearly two, a Reuters poll...
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Feb 28, 2019
Greetings from Illinois, a state that never tops the rankings of places to retire. We have one of the great American cities, but also polar vortexes and an enormous state budget deficit - and now...
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Feb 27, 2019
Wells Fargo & Co said on Wednesday that it entered preliminary settlement discussions with the U.S. Department of Justice and the Securities and Exchange Commission over previously disclosed probes...
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Feb 27, 2019
Wells Fargo & Co is engaged in preliminary exploratory resolution discussions with the U.S. Department of Justice and the U.S. Securities and Exchange Commission about inquiries into its sales...
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Feb 27, 2019
The founder of a Nevada-based company was arrested on Wednesday on federal charges that he participated in a $6 million scheme to defraud people who wanted to buy a virtual currency called My Big...
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Feb 27, 2019
Jonathan Kellner, former chief executive officer of brokerage Instinet, was on Wednesday named CEO of the Members Exchange, a new low-cost electronic bourse being built by a group of financial...
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Feb 27, 2019
Jeffrey Ubben's ValueAct Spring Fund, which invests in companies aiming to address environmental and social problems, is making a bet on an academic-turned-hedge-fund-manager who picks stocks based...
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Feb 26, 2019
Revenues at the world's largest investment banks slumped to their lowest level for eight years in the second half of 2018, spoiling an otherwise improved year after a tough decade since the financial...
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Feb 26, 2019
U.S. President Donald Trump's decision to delay raising tariffs on $200 billion worth of Chinese goods has helped push global stock markets broadly higher as investors hope for a resolution in the...
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Feb 26, 2019
JPMorgan Chase & Co, the biggest U.S. bank by assets, said on Tuesday it expects to face rising costs for deposits, a key part of its business, and slowing global economic growth.
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Feb 26, 2019
Investor bullishness on U.S. Treasuries was at its strongest in about 2-1/2 years amid signs of slowing global economic growth and bets the Federal Reserve may halt the normalization of its balance...
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Feb 26, 2019
Bond investors are the most bullish on longer-dated U.S. government debt in about 2-1/2 years amid worries about global economic growth and bets the Federal Reserve may halt the normalization of its...
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Feb 26, 2019
JPMorgan Chase & Co on Tuesday maintained its key profit goal for the next three years, but its chief financial officer warned the forecast does not reflect significant risks that could speed the...
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Feb 26, 2019
Julius Baer plans to offer access to digital assets through a partnership with Swiss start-up SEBA Crypto in the latest move into cryptocurrencies by a Swiss private bank.
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Feb 26, 2019
JPMorgan Chase & Co on Tuesday maintained its key profit goal for its medium-term outlook of three years, according to an investor presentation ahead of its 12th annual investor day.
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Feb 26, 2019
Former Platinum Partners chief Mark Nordlicht and other executives of the now-defunct hedge fund group are due to go to trial on Tuesday on charges they defrauded investors out of $1 billion.
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Feb 26, 2019
When personal finance expert Jean Chatzky was buying a house years ago with her husband, she got the shock of her life: His credit score was better.
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Feb 26, 2019
Credit Suisse Chief Executive Tidjane Thiam on Tuesday made Lara Warner group chief risk officer in a reshuffle of the Swiss bank's executive board that comes after three years of restructuring.
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Feb 25, 2019
A federal appeals court said the trustee liquidating Bernard Madoff's firm may pursue dozens of lawsuits to recoup funds from Koch Industries Inc, controlled by billionaire brothers Charles and David...
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Feb 25, 2019
Bank of America Corp is dropping the "Merrill Lynch" name from most of its businesses, including its investment bank unit, phasing out a name with a long history on Wall Street as part of rebranding...
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Feb 25, 2019
Deutsche Bank has hired Bank of America Corp's Robert Innocentin as a managing director within its financial sponsors group, according to a memo seen by Reuters on Monday.
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Feb 25, 2019
The Oracle of Omaha, Warren Buffett, admitted on Monday he knew less than he thought about Oracle Corp, the company overseen by fellow billionaire Larry Ellison.
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