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Dec 14, 2018
Investors cashed out of equity funds at a record pace over the past week, with redemptions hitting $39 billion, Bank of America Merrill Lynch (BAML) said on Friday.
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Dec 13, 2018
Record cash streamed out of U.S.-based stock funds and billions more fled bonds in a week of apparently escalated caution, Lipper data showed on Thursday.
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Dec 13, 2018
Investors pulled record cash from U.S.-based stock funds and pulled billions more from bonds in a week of escalated caution, Lipper data showed on Thursday.
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Dec 13, 2018
Standard Chartered Plc has laid off over 200 employees in India in its retail banking division, as more customers move to digital services, a person familiar with the matter told Reuters on Thursday.
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Dec 13, 2018
Is it time to raise the Social Security retirement age? The idea crops up often as a partial fix for the long-term financial challenges facing the program.
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Dec 12, 2018
U.S. fund investors sold more bonds in December's opening days, the Investment Company Institute (ICI) said on Wednesday, putting even more of a chill on markets where companies and governments...
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Dec 11, 2018
Jeffrey Gundlach, chief executive of DoubleLine Capital, said Tuesday on an investor webcast that the Standard & Poor's 500 Index is likely to go below its February 2018 lows.
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Dec 11, 2018
Jeffrey Gundlach, chief executive of DoubleLine Capital, said Tuesday on an investor webcast that the Standard & Poor's 500 Index is likely to go below its February 2018 lows.
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Dec 11, 2018
Jeffrey Gundlach, chief executive of DoubleLine Capital, said Tuesday on an investor webcast that the Standard & Poor's 500 Index is likely to go below its February 2018 lows.
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Dec 11, 2018
Hedge funds have struggled badly in 2018, but would be faring far worse were they not on the right side of two of the most reliable trades of the year: a flattening U.S. yield curve and a stronger...
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Dec 10, 2018
Wells Fargo & Co must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal...
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Dec 10, 2018
In the old days, longtime employees in the United States were honored with a gold watch after 30 years or so at a company.
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Dec 07, 2018
Investors pulled billions from bonds and stocks this week as U.S. bond movements triggered fears over global growth and a trade tussle between the United States and China heated up, strategists at...
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Dec 07, 2018
Insurance companies do not need any help marketing Medicare Advantage plans - just ask anyone over age 65 about the pitches that clog their mailboxes every year during the fall enrollment period, or...
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Dec 06, 2018
A union-backed bank employee rights group is complaining after Wells Fargo & Co declined to meet with members last week, according to a letter sent to Chief Executive Tim Sloan viewed exclusively by...
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Dec 06, 2018
BlackRock Inc's Rick Rieder is buying longer-term bonds because softening inflation could force the U.S. Federal Reserve to pause interest rate hikes, the top fixed-income investor told Reuters this...
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Dec 05, 2018
Here is some good news to hold onto this holiday season: Americans are giving more than ever.
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Dec 04, 2018
Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said the U.S. Treasury yield curve inversion on short-end maturities was signaling the "economy is poised to weaken."
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Dec 04, 2018
Jeffrey Gundlach, Chief Executive Officer of DoubleLine Capital, says the U.S. Treasury yield curve inversion on short end maturities are signaling that the "economy is poised to weaken."
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Dec 03, 2018
U.S. Supreme Court justices on Monday appeared reluctant to further limit the scope of who can be held liable for violating laws that protect investors from securities fraud as they weighed an appeal...
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Dec 03, 2018
U.S. Supreme Court justices on Monday appeared skeptical of further limiting the scope of who can be held liable for violating laws that protect investors from securities fraud as they weighed an...
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Dec 03, 2018
U.S. Supreme Court justices on Monday appeared skeptical of further limiting the scope of who can be held liable for violating laws that protect investors from securities fraud as they weighed an...
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Dec 03, 2018
Investment bank Moelis & Co said on Monday it has hired an executive from the world's largest index fund manager, BlackRock Inc, as well as a hedge fund professional, for its team advising companies...
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Dec 03, 2018
When companies try to tackle rising healthcare costs, shifting more of the burden to employees is increasingly the strategy of choice.
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Nov 30, 2018
Billionaire investor David Einhorn told investors on Friday that losses at his hedge fund Greenlight Capital grew this month, leaving the fund down nearly 28 percent for the year.
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Nov 30, 2018
Brenham Capital Management LP, an energy equities fund manager with about $800 million in assets under management, will shut after two years of losses, its founder said in a letter to investors on...
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Nov 29, 2018
U.S. mutual fund investors pulled $13.7 billion from stocks and bonds during the latest week, according to data released on Thursday by Lipper underscoring retail investors' rising concerns over...
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Nov 29, 2018
U.S. fund investors pulled $8.5 billion out of the stock market during the latest week, the most in three weeks, Lipper data showed on Thursday.
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Nov 29, 2018
American homes are showing their age - not the houses, but the people living in them.
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Nov 28, 2018
U.S. fund Pacific Investment Management Co (Pimco) has bought all of a $3 billion, five-year bond offered with a hefty return by Italy's top bank UniCredit to comply with capital buffer rules, two...
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Nov 28, 2018
U.S. fund Pacific Investment Management Co (Pimco) has bought all of a $3 billion, five-year bond Italy's top bank UniCredit has issued to comply with rules on loss-absorbing securities, a source...
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Nov 28, 2018
Karyn Golden's income was approaching $200,000 as she lived a carefree single existence at the peak of her career in Chicago, 20 years ago. She brokered real estate deals, served on boards and...
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Nov 27, 2018
The $8 trillion U.S. socially responsible investment industry is grappling with that question as more states approve the recreational use of cannabis, pushing consumption closer to "sin" stocks like...
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Nov 27, 2018
A former Morgan Stanley adviser was sentenced to five years in prison on Tuesday after he admitted that he misused client funds to invest in a wind farm project and to cover his own personal...
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Nov 27, 2018
A couple of weeks ago it was 10-year Treasuries, last week 5-year bonds: hedge funds are shifting their view of the Fed and U.S. interest rates by magnitudes rarely seen before.
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Nov 26, 2018
Campbell Soup and Third Point LLC settled their proxy contest on Monday by adding two of the hedge fund's nominees to the U.S. food company's board and giving the activist investor a say in selecting...
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Nov 26, 2018
Doing double the good with your charitable dollars sounds like a no-brainer, but investors are just starting to catch on.
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Nov 20, 2018
Jeffrey Gundlach, who runs DoubleLine Capital, said on Tuesday that investors should focus on capital preservation and avoid corporate bonds and Treasuries as inflationary pressures intensify.
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Nov 20, 2018
Hedge fund Elliott Management on Tuesday asked Mitek Systems Inc to scrap a so-called poison pill to let it buy more stock and said it may press for board changes after the software company took...
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Nov 20, 2018
What if one of the largest U.S. coal-burning utilities became a leader in green energy? When David W. Crane was chief executive of NRG Energy, he pursued that vision, pushing the company to transform...
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Nov 19, 2018
There is more to socially responsible investing than just avoiding stocks that are against your principles, whether it be guns or tobacco or bad environmental practices.
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Nov 19, 2018
A potentially huge shift is underway in the U.S. bond market, underscored by a historic swing in hedge fund positions: investors are beginning to think the U.S. economy is close to peaking and the...
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Nov 19, 2018
There is more to socially responsible investing than just avoiding stocks that are against your principles, whether it be guns or tobacco or bad environmental practices.
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Nov 16, 2018
Fidelity Investments on Friday named technology executive Steve Neff to run its big asset management division, a move that shows the growing importance of data systems for fund companies.
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Nov 16, 2018
There are untapped opportunities in corporate debt securities denominated in emerging-market currencies, Eaton Vance's director of diversified fixed-income said at the Reuters Global Investment 2019...
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Nov 16, 2018
A decade ago, Alli Webb was a hair stylist who made house calls, driving all over Los Angeles to shampoo, style, and blow-dry clients' hair before big nights out.
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Nov 15, 2018
Goldman Sachs Group Inc Chief Executive Officer David Solomon has told employees he is "personally outraged" that any of the bank's officials would take the actions laid out in U.S. government...
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Nov 15, 2018
Wells Fargo & Co said on Thursday it notified about 1,000 employees in its Consumer Lending and Payments, Virtual Solutions and Innovations groups of plans to eliminate their positions.
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Nov 15, 2018
DoubleLine Capital LP portfolio manager Monica Erickson has a problem. She thinks the investment-grade corporate bond market, which is her specialty, is the worst place to be for bond investors.
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Nov 15, 2018
Wells Fargo & Co. said on Thursday the bank given has given notice to team members in its Consumer Lending and Payments, Virtual Solutions and Innovations groups that it plans to eliminate roughly...
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Nov 15, 2018
The best investment ideas for 2019 range from buying local currencies in emerging markets to picking up beaten-down casino stocks to holding on to bank loans, according to investors who appeared this...
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Nov 15, 2018
Shareholder advisory firms Institutional Shareholder Services and Glass Lewis backed a push by Daniel Loeb's hedge fund to make changes at Campbell Soup Co , including replacing some board members.
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Nov 15, 2018
During a recent visit to my dentist, we got talking about his frustrations with Medicare. "It's amazing - they have managed to eliminate teeth from the human body."
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Nov 14, 2018
Shareholder advisory firm Institutional Shareholder Services on Wednesday recommended that Campbell Soup Co investors elect all five of Third Point hedge fund's board nominees, giving a boost to the...
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Nov 14, 2018
Shareholder advisory firm Institutional Shareholder Services on Wednesday recommended that Campbell Soup Co investors elect all five of hedge fund Third Point's board nominees, giving a boost to the...
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Nov 14, 2018
Prominent hedge funds, including Baupost Group and Viking Global Investors, may be bearing the brunt of utility PG&E Corp's tumbling share price after raising bets on the utility in the months ahead...
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Nov 14, 2018
Warren Buffett's Berkshire Hathaway Inc on Wednesday said it had taken stakes in JPMorgan Chase & Co, Oracle Corp and Travelers Cos, as the conglomerate puts some of its large cash hoard to work.
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Nov 14, 2018
Strong U.S. consumer holiday spending will not boost retailers across the board but instead benefit winners like Apple Inc that have signature products, Esplanade Capital's Shawn Kravetz said at the...
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Nov 14, 2018
Billionaire investor William Ackman has turned his back on snack maker Mondelez International and put the money into potentially more lucrative bets, including global coffee company Starbucks and...
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Nov 14, 2018
Six U.S. senators on Wednesday introduced a bill that would require the U.S. securities watchdog to directly regulate firms such as Glass, Lewis & Co and Institutional Shareholder Services, which...
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Nov 14, 2018
William Ackman' hedge fund Pershing Square Capital Management sold out of snack maker Mondelez International during the third quarter some three years after first making the investment.
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Nov 14, 2018
All that tuition you pay has one silver lining: tax breaks.
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Nov 13, 2018
The gains of internet-related stocks in recent years have cast a shadow over what a dull but steady income stream from dividends can do for investors.
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Nov 13, 2018
U.S. President Donald Trump may just escape having to grapple with a recession before the U.S. Presidential elections in 2020, with investors saying it is unlikely one will occur before then.
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Nov 13, 2018
U.S. stocks have been battered over the last few weeks but a senior executive at Blackstone Group LP, one of the world's most influential asset managers, said there is no cause to be overly worried...
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Nov 13, 2018
Emerging market debt is a rare fixed-income class that does not look too expensive, and could be an even more attractive investment if the U.S. dollar weakens, according to Penny Foley, portfolio...
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Nov 13, 2018
Italian assets have further to fall before prices start to look attractive but the selloff will not trigger 2012-style contagion across the euro zone or require the ECB to step in, NN Investment...
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Nov 13, 2018
You do not even have to win on a talent competition show like "American Idol" to launch yourself on a path to selling more than eight million albums.
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Nov 12, 2018
(The opinions expressed here are those of the author, a columnist for Reuters.)
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Nov 12, 2018
Six weeks of unusual U.S. stock market volatility are not dampening longtime market strategist Richard Bernstein's view that share prices will keep rising, even though the nine-year U.S. economic...
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Nov 12, 2018
Guggenheim Partners Global Chief Investment Officer Scott Minerd warned on Monday that the U.S. economy is on a collision course due to excessive corporate debt and said he has prepared by buying...
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Nov 12, 2018
Andrew Left, one of Wall Street's most prominent short-sellers, said Tilray Inc gave his firm its "worst day ever in the market" two months ago when its shares almost doubled in one session, but he...
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Nov 12, 2018
Dutch cooperative lender Rabobank is exploring the sale of its retail and wealth management operations in the United States in a deal that could top $1 billion, people familiar with the matter said...
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Nov 12, 2018
Andrew Left, whose Citron Research has published critical reports on Chinese companies and profited when their shares dropped, is now making a contrarian call by going long on some.
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Nov 12, 2018
(The writer is a Reuters contributor. The opinions expressed are his own.)
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Nov 12, 2018
Foreign investors sold Asian equities heavily in October on concerns over slowing earnings, higher U.S. interest rates and trade tensions between the United States and China.
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Nov 09, 2018
CI Investments Inc [CIXCI.UL] slightly boosted its holdings in the world's biggest gold-backed exchange-traded fund during the third quarter, a U.S. Securities and Exchange Commission 13F filing...
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Nov 08, 2018
The U.S. government on Thursday filed a civil fraud lawsuit accusing UBS Group AG, Switzerland's largest bank, of defrauding investors in its sale of residential mortgage-backed securities leading up...
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Nov 08, 2018
Wells Fargo & Co said on Thursday it is restructuring its wealth and investment management business to combine its two high-net worth operations, the private bank and Abbot Downing, under a new unit...
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Nov 08, 2018
Wells Fargo & Co plans to combine its ultra-high-net-worth business and its private bank under one leader, Bloomberg reported on Thursday, citing an internal memo https://bloom.bg/2Pmb9h5.
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Nov 08, 2018
If you think you have big shoes to fill at work, take a moment to consider Jeff Glor.
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Nov 08, 2018
Some Silicon Valley billionaires are looking for it - or at least a way to extend life spans dramatically, perhaps by hundreds of years.
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Nov 08, 2018
UBS Group AG , Switzerland's largest bank, faces a another potentially costly legal battle as the U.S. Department of Justice is preparing civil charges over the sale of mortgage-backed securities in...
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Nov 08, 2018
Securities lending by investment funds has reached its highest level in a decade, as demand for corporate bonds surged more than 30 percent over the past 18 months and short selling of Tesla and...
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Nov 08, 2018
Struggling Australian wealth manager AMP Ltd fears any new regulation of the finance sector would "distract" participants from acting ethically, it said on Thursday, striking a defiant tone after...
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Nov 07, 2018
UBS Group AG, Switzerland's largest bank, said it expects to be sued by the U.S. Department of Justice as early as Thursday on civil charges related to the sale of mortgage-backed securities in the...
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Nov 07, 2018
Japanese investors bought a net 2.5367 trillion yen ($22.34 billion) of U.S. bonds in September, their largest net purchase in more than two years, reversing many months of selling in a move that...
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Nov 07, 2018
UBS Group AG , Switzerland's largest bank, said it expects to be sued by the U.S. Department of Justice as early as Thursday on civil charges related to the sale of mortgage-backed securities in the...
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Nov 07, 2018
U.S. money market fund assets increased by $27.84 billion in the week ended Nov. 6 to $2.874 trillion, marking their largest weekly rise in five months, the Money Fund Report said on Wednesday.
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Nov 07, 2018
Investors hope the split between Republicans and Democrats controlling the U.S. Congress will open up opportunities to pick new winners and losers because some government policies will be harder to...
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Nov 07, 2018
U.S. fund investors fled bonds at the fastest pace since 2013 in the final week of October, worried about rising interest rates and tightening monetary policy, Investment Company Institute (ICI) data...
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Nov 07, 2018
Michigan's vote Tuesday to become the 10th U.S. state where the recreational use of cannabis is legal is adding more momentum to a trend that some investors now say is inevitable: that marijuana will...
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Nov 06, 2018
Wells Fargo & Co executives were warned that an auto insurance plan could be overcharging customers four years before the bank scrapped the program, according to a complaint released by a judge this...
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Nov 06, 2018
Wells Fargo & Co's head of wealth management Jay Welker will retire at the end of March after more than two decades with the San Francisco-based bank.
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Nov 06, 2018
If sarcasm were a drug, Rob Corddry would be one of the entertainment world's biggest dealers.
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Nov 05, 2018
Latin America's largest independent investment bank, Brazil's Banco BTG Pactual SA, posted a 9.75 percent drop in third-quarter recurring profit on Monday as trading gains fell.
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Nov 05, 2018
Goldman Sachs Group Inc is tracking ahead of its goal to generate $5 billion in additional annual revenue by 2020 as growth initiatives bear fruit, its new finance chief said on Monday.
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Nov 05, 2018
Swiss medical technology company Medacta is preparing to float on the SIX Swiss Exchange in spring next year, three people familiar with the matter told Reuters.
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Nov 05, 2018
Cogni Inc, a New York-based digital banking start-up that wants to hold deposits for consumers and book their hotels, flights and movie tickets, recently closed a $1.7 million seed funding round as...
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Nov 03, 2018
Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit nearly doubled as its insurance business dodged hurricanes and benefited...
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