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Jun 15, 2018
NEW YORK (Reuters) - The head of Bank of America Corp's Merrill Lynch Wealth Management on Friday said the firm is reconsidering an internal policy from 2017 that banned advisers from opening new...
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Jun 15, 2018
(Reuters) - Wells Fargo & Co said on Friday it received final approval from a district court in California to settle a $142 million class-action lawsuit, which compensates customers affected by a...
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Jun 15, 2018
LONDON (Reuters) - Global investors pulled more cash out of European and emerging markets in the past week, opting instead for U.S. stocks, as robust economic growth encouraged a sixth straight week...
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Jun 15, 2018
ROME (Reuters) - An Italian administrative court has ruled that it cannot hear a case over derivatives brought against Morgan Stanley that included a request for 2.7 billion euros ($3.1 billion) in...
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Jun 15, 2018
(Reuters) - Wells Fargo & Co said a district court in California approved a $142 million class-action settlement to compensate customers who were affected by a sales scandal related to the opening of...
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Jun 15, 2018
ROME (Reuters) - An Italian administrative court has ruled that it cannot hear a case against Morgan Stanley and former senior Treasury officials that included a request for 2.7 billion euros ($3.1...
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Jun 14, 2018
BOSTON (Reuters) - William Ackman's private hedge fund has gained more than 9 percent this year while his publicly traded fund is up double digits, marking a dramatic reversal for the billionaire...
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Jun 14, 2018
NEW YORK (Reuters) - U.S. fund investors pulled $9.7 billion out of stocks during the latest week, marking the largest withdrawals since early April, according to Lipper data on Thursday.
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Jun 14, 2018
ZURICH (Reuters) - Personal financial wealth swelled 12 percent last year to nearly $202 trillion, the strongest growth in five years as bull markets and the dollar's weakening against most major...
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Jun 13, 2018
BOSTON (Reuters) - Influential proxy-advisory firm Glass Lewis & Co recommended that Natus Medical Incorporated shareholders remove two company nominated directors and replace them with hedge fund...
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Jun 13, 2018
BRASILIA (Reuters) - Brazil's antitrust watchdog on Wednesday fined Morgan Stanley and Royal Bank of Canada a total of 42.9 million reais ($11.6 million) for meddling with foreign exchange rates...
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Jun 13, 2018
NEW YORK (Reuters) - The court-appointed trustee liquidating Bernard Madoff's firm on Wednesday announced a $280 million settlement with one of the swindler's earliest investors, enabling customers...
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Jun 13, 2018
CHICAGO (Reuters) - Individual investors could be throwing away as much as $7 billion a year on expensive index funds that are no better than cheaper funds - without even realizing it.
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Jun 13, 2018
(The writer is a Reuters columnist. The opinions expressed are his own.)
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Jun 12, 2018
NEW YORK (Reuters) - The recent selloff in emerging markets has provided investment opportunities not seen in years, Jeffrey Gundlach, executive of DoubleLine Capital, said on Tuesday, and he urged...
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Jun 12, 2018
NEW YORK (Reuters) - Morgan Stanley Chief Executive Officer James Gorman said on Tuesday that in recent years the bank's fixed-income group has had the greatest opportunity for delivering growth.
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Jun 12, 2018
NEW YORK (Reuters) - Morgan Stanley Chief Executive Officer James Gorman called the bank's fixed-income group its "most attractive business" on Tuesday at a conference the Wall Street firm held in...
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Jun 12, 2018
(Reuters) - A labor-backed group is stepping up pressure on Wells Fargo & Co to add an employee to a council that has the ear of the bank's board and management, arguing workers deserve a voice as...
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Jun 12, 2018
NEW YORK (Reuters) - After a decade of focusing on the so-called millennial generation, some U.S. companies are starting to look ahead to what's next.
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Jun 12, 2018
NEW YORK (Reuters) - Billionaire Bill Gross' bond fund posted $300 million in withdrawals in the month of May, when it turned in its worst single-day performance since launching in 2014, data from...
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Jun 12, 2018
NEW YORK (Reuters) - For some people, the ideal vacation involves a lounge chair, a stiff drink with an umbrella in it and a whole lot of nothing.
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Jun 11, 2018
NEW YORK (Reuters) - Two large investors in Ranger Direct Lending Fund, Oaktree Capital Management and LIM Advisors, said they would continue a push to elect their board nominees at the closed-end...
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Jun 11, 2018
NEW YORK (Reuters) - Investor Oaktree Capital Management, the world's largest distressed debt asset manager, said in a letter to shareholders on Monday it would continue a push to elect its two board...
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Jun 08, 2018
BOSTON (Reuters) - Vanguard Group Inc raised a profit-sharing dividend for employees by 16.5 percent for 2017, the largest increase since 1997, an investment adviser who follows the largest mutual...
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Jun 07, 2018
NEW YORK (Reuters) - Investors flooded U.S.-based money market funds with the most cash in nearly five years in the latest week, seizing an opportunity to reap richer yields while taking less risk,...
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Jun 07, 2018
NEW YORK (Reuters) - Investors flooded U.S.-based money market funds with the most cash in nearly five years, seizing an opportunity to get paid richer yields while taking little risk, Lipper said on...
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Jun 07, 2018
WASHINGTON (Reuters) - The Federal Reserve announced on Thursday it would release the results of its 2018 stress tests for large banks on June 21 and June 28.
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Jun 07, 2018
WASHINGTON (Reuters) - A U.S. bank regulator said on Thursday that an industry-wide review prompted by Wells Fargo & Co's sales practices scandal had uncovered some instances of phony accounts at...
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Jun 07, 2018
LONDON (Reuters) - Bank of America is looking to move more jobs than originally envisaged to its new Paris office, in what is expected to be one of the biggest such shifts from London ahead of...
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Jun 07, 2018
NEW YORK (Reuters) - For most U.S. fund managers, beating the market this year has come down to one decision: whether or not to own shares of Amazon.com Inc .
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Jun 07, 2018
ZURICH (Reuters) - Swiss private bank Julius Baer is shifting more customers to a pricing system that charges them a fixed fee for its services as part of a wider industry effort to buffer against...
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Jun 07, 2018
CHICAGO (Reuters) - When Scott Petracco graduated from the University of Illinois at Chicago with a bachelor's degree in biology eight years ago, he thought he would quickly get a job in a laboratory...
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Jun 06, 2018
(Reuters) - Billionaire investor Carl Icahn has acquired a small stake in Allergan Plc at a time when the drugmaker is under pressure from other activist shareholders, people familiar with the...
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Jun 06, 2018
CHICAGO (Reuters) - It happens like clockwork each year. The trustees of Social Security and Medicare issue their annual reports on the programs' health, and doomsayers start talking about insolvency...
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Jun 06, 2018
NEW YORK (Reuters) - Insurance is supposed to make you feel safe, but even those who sell special cyber-security protection packages worry about hacking threats.
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Jun 05, 2018
(Reuters) - Wells Fargo & Co is pulling back from retail banking in the U.S. Midwest, selling all of its branches in three states, as the bank embarks on a broader review of branch profitability...
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Jun 05, 2018
NEW YORK (LPC) - OppenheimerFunds, the asset manager that oversees about US$249bn, has launched a private debt interval fund in partnership with US private equity firm Carlyle Group, to bring retail...
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Jun 05, 2018
LONDON (Reuters) - U.S. hedge fund Hudson Bay Capital is opening an office in Britain to expand its European trading book, two sources told Reuters on Tuesday.
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Jun 05, 2018
NEW YORK (Reuters) - For public relations manager Maggie McCuen, having help from her job to repay student loans is not priceless - it is worth every tangible penny of the $1,416 her company has...
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Jun 04, 2018
NEW YORK (Reuters) - The New York investment adviser deVere USA Inc agreed on Monday to pay an $8 million civil fine to settle U.S. Securities and Exchange Commission charges it failed to disclose...
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Jun 04, 2018
BOSTON (Reuters) - Stephen Fraidin, a prominent mergers lawyer who has been a top executive at billionaire investor William Ackman's hedge fund, is joining law firm Cadwalader, Wickersham & Taft LLP.
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Jun 03, 2018
NEW YORK (Reuters) - U.S. insurer Lincoln National Corp could deliver shareholder returns of 20 percent or more in the coming year, as the market for the company's main product, variable annuities,...
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Jun 01, 2018
NEW YORK (Reuters) - Without music, life would be a mistake, according to the German philosopher Friedrich Nietzsche.
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May 31, 2018
CHICAGO (Reuters) - Fewer Americans are asking Social Security to "show me the money" as soon as possible.
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May 31, 2018
NEW YORK (Reuters) - The growing number of apprenticeships in the U.S. has more to do with European companies importing the practice into their American operations than with the long-running NBC...
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May 30, 2018
LONDON (Reuters) - Hedge funds are split on how to position billions of dollars in bets they have taken on Italian banks as the country's political tumult takes its toll on bonds, shares and the euro.
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May 24, 2018
CHICAGO (Reuters) - In September, the federal government will mail a handbook on Medicare enrollment to 43 million households. "Medicare & You" is an important, authoritative source on a wide array...
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May 24, 2018
NEW YORK (Reuters) - Study after study shows that money stress can be as bad for workplace productivity as back pain.
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May 23, 2018
BOSTON/NEW YORK (Reuters) - Jana Partners said on Wednesday it was not invested in Casey's General Stores Inc after speculation that the hedge fund had built a stake in the company helped push its...
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May 23, 2018
OSLO (Reuters) - Norway's $1 trillion wealth fund voted against a motion at Shell's annual meeting urging the energy giant to set climate targets, despite a push the fund is making for more firms to...
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May 23, 2018
FRANKFURT (Reuters) - Deutsche Bank plans to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, a person with knowledge of the matter said on Wednesday.
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May 23, 2018
FRANKFURT (Reuters) - Deutsche Bank is planning to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, The Wall Street Journal reported on Wednesday.
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May 23, 2018
The nation's fertility rate hit a record low in 2017, and one has to wonder: Could the cost of raising children be discouraging a generation that was choked by the Great Recession?
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May 23, 2018
FRANKFURT (Reuters) - Deutsche Bank is planning to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, The Wall Street Journal reported on Wednesday.
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May 23, 2018
FRANKFURT (Reuters) - Deutsche Bank is planning to withdraw from a number of equities markets across the globe, Bloomberg News reported on Wednesday.
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May 23, 2018
OSLO (Reuters) - Norway's $1 trillion sovereign wealth fund, the world's largest, voted against a motion presented at the annual general meeting of Royal Dutch Shell calling on the energy giant to...
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May 21, 2018
BOSTON (Reuters) - Activist hedge fund manager Keith Meister and billionaire investor Carl Icahn said they may try to buy oil and gas producer Energen Corp , according to a regulatory filing made on...
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May 21, 2018
BOSTON (Reuters) - Activist investor Keith Meister on Monday reunited with billionaire investor Carl Icahn and said in a regulatory filing that they may try to buy oil and gas producer Energen Corp. .
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May 18, 2018
(Reuters) - After two years of sharp gains for U.S. bank stocks, investors betting on another big boost for 2018 may be disappointed unless loan growth accelerates or regulations slacken considerably.
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May 17, 2018
BOSTON (Reuters) - Hedge fund Pagoda Asset Management is shutting down at the end of the month, becoming the latest casualty in the $3.2 trillion industry after a period of sluggish returns, a source...
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May 17, 2018
BOSTON (Reuters) - Two days after billionaire investor William Ackman told clients that he was making money across all his funds again, he said on Thursday that his publicly traded Pershing Square...
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May 17, 2018
CHICAGO (Reuters) - (The writer is a Reuters columnist. The opinions expressed are his own.)
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May 16, 2018
NEW YORK (Reuters) - When optimism and realism about college savings collide, you get parents who are confident that they will meet their goals - as long as they reduce the amount of money they save,...
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May 16, 2018
(Reuters) - Exchange operator Cboe Global Markets Inc said on Wednesday it has collaborated with the world's largest asset manager, BlackRock Inc, to develop U.S. corporate bond index futures.
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May 14, 2018
NEW YORK(Reuters) - (The writer is a Reuters contributor. The opinions expressed are his own.)
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May 12, 2018
LONDON (Reuters) - Jim Ratcliffe, the founder and boss of chemical giant Ineos, is the richest man in the United Kingdom, according to the Sunday Times Rich List, first among a record 145...
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May 12, 2018
NEW YORK (Reuters) - BlackRock Inc can keep fees from the state of Ohio despite a donation one of its top executives made to Governor John Kasich's U.S. presidential campaign, according to a...
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May 11, 2018
LAS VEGAS (Reuters) - A hedge fund industry gathering in Las Vegas this week was far less decadent than those of the past, as big money investors focused less on gambling and champagne-soaked "Sin...
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May 11, 2018
WASHINGTON (Reuters) - The Federal Reserve board will hold a public vote on whether to lift growth restrictions on scandal-hit Wells Fargo following pressure from Democratic Senator Elizabeth Warren,...
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May 10, 2018
NEW YORK (Reuters) - U.S. fund investors are wavering on one of their favorite bets of the last year, walloping emerging-market stocks and hunkering down in short-term bonds.
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May 10, 2018
NEW YORK (Reuters) - U.S. fund investors walloped emerging market stock funds with $870 million in withdrawals, the most since November 2016, weekly data from Lipper showed on Thursday.
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May 10, 2018
BOSTON (Reuters) - Wells Fargo & Co on Thursday said a cap on the bank's growth imposed by regulators after sales practices scandals would hurt earnings less than it thought this year, and forecast...
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May 10, 2018
NEW YORK (Reuters) - U.S. fund managers are barreling into the energy sector by making broad bets on anything connected with oil, finally convinced that gains in crude prices - on track for their...
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May 10, 2018
WILMINGTON, Del. (Reuters) - Bank of America said on Thursday it was standing by its pledge to stop financing civilian assault weapons and suggested it may be preparing to exit a loan for gun maker...
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May 10, 2018
NEW YORK (Reuters) - The Republican-led corporate tax cut is helping turn the shares of smaller publicly-traded companies in the United States into an unexpected source of stability as the broader...
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May 10, 2018
NEW YORK (Reuters) - A decade ago, Devin Jameson might have chosen to drop out of college and work on Eversound, a wireless headset start-up for senior communities.
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May 10, 2018
CHICAGO (Reuters) - Hey, Ben Carson - how about a field trip to Vermont?
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May 10, 2018
SYDNEY (Reuters) - Top Australian wealth manager AMP Ltd faced an investor revolt at its annual meeting on Thursday, with shareholders voting overwhelmingly against its executive pay plans in the...
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May 09, 2018
SYDNEY (Reuters) - Top Australian wealth manager AMP Ltd told angry shareholders on Thursday it understood their concerns and expected some to vote against its remuneration plans after a public...
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May 09, 2018
(Reuters) - The California State Teachers' Retirement System decided on Wednesday to publicly engage retailers of military-style assault weapons in the wake of public outcry over mass shootings, as...
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May 09, 2018
(Reuters) - Top Australian wealth manager AMP Ltd said it will defend two class action lawsuits filed against it following damaging revelations from a government-ordered inquiry into the country's...
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May 09, 2018
CHICAGO - If mom arrives at this year's Mother's Day gathering looking like she needs less stress and more relaxation, resist the urge to tell her to leave her job.
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May 09, 2018
(Reuters) - The California State Teachers' Retirement System decided on Wednesday not to divest from Walmart and other retailers that sell military-style assault weapons, resisting pressure from...
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May 09, 2018
(Reuters) - A majority of Sturm Ruger & Co investors on Wednesday voted to support a call for the gun maker to produce a report on the safety of its products, in what shareholder activists called the...
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May 09, 2018
NEW YORK (Reuters) - U.S. fund investors are shifting from stocks to bonds and piled into debt markets for an 11th straight week, Investment Company Institute (ICI) data showed on Wednesday.
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May 08, 2018
BOSTON (Reuters) - Lucy DeStefano, former head of trading at hedge fund Citadel's Aptigon unit, is set to join Soros Fund Management later this year, two sources familiar with the matter said.
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May 08, 2018
LONDON (Reuters) - The World Gold Council, owner of the world's largest gold-backed exchange traded fund (ETF), is launching a new fund with a cut-price management fee to fend off rivals with lower...
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May 07, 2018
(Reuters) - Activist investing firm ValueAct Capital Partners invested $1.2 billion in Citigroup Inc, citing the U.S. bank's low risk and reliable revenue and not calling for major changes, according...
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May 07, 2018
BOSTON (Reuters) - Activist investing firm ValueAct Capital Partners invested $1.2 billion in Citigroup Inc and roughly $1 billion in SLM Corp's student lender Sallie Mae, according to a letter seen...
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May 07, 2018
BOSTON (Reuters) - Nicolas Amato, who heads the alternative investment activities at Wilshire Funds Management, is leaving the firm, a person familiar with the move said.
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May 07, 2018
NEW YORK (Reuters) - Foreign investors and central banks purchased fewer U.S. shorter Treasuries in late April, marking a second straight series of auctions where they showed less appetite for U.S....
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May 07, 2018
OMAHA, Neb. (Reuters) - China's growing middle class is becoming a bigger force in global tourism. For a case in point, look no further than Nebraska the week of the Berkshire Hathaway Inc annual...
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May 07, 2018
OMAHA, Neb. (Reuters) - The first question Warren Buffett was asked at Berkshire Hathaway Inc's annual meeting on Saturday was whether he was "semi-retired," having given four lieutenants oversight...
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May 07, 2018
NEW YORK (Reuters) - Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as "rat poison squared," thrive on the hope they'll find other people who will...
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May 07, 2018
NEW YORK (Reuters) - Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as "rat poison squared," thrive on the hope they'll find other people who will...
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May 05, 2018
OMAHA, Neb. (Reuters) - Billionaire Warren Buffett has been buying a boatload of Apple Inc shares and on Saturday suggested he would buy even more shares at the right price.
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May 05, 2018
OMAHA, Neb. (Reuters) - Billionaire Warren Buffett on Saturday said it is unlikely that the United States and China will come to loggerheads on trade, and the countries would avoid doing "something...
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May 04, 2018
(Reuters) - Wells Fargo & Co said on Friday it will pay $480 million to resolve a securities fraud lawsuit related to a sales scandal that surfaced in 2016.
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May 04, 2018
(Reuters) - Deutsche Bank AG will shift its New York headquarters from Wall Street to a location midtown, at a time when Germany's largest bank is scaling back its U.S. operations.
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May 04, 2018
NEW YORK (Reuters) - A recent move by U.S. securities regulators demanding stock exchanges do a better job justifying price changes for public market data feeds could lead to more transparency around...
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