Wells Fargo board pays price for letting whistleblowers whistle in the wind
NEW YORK (Reuters) - Wells Fargo & Co directors could have avoided a shareholder backlash over a sales practices scandal if they had paid more attention to scores of whistleblowers who complained, in vain, for years.
Investors not yet ruffled by looming government shutdown
NEW YORK (Reuters) - U.S. stocks have struggled since the timeline for the Trump administration's pro-growth agenda came into question, but investors appear confident that next week's deadline that could shut down the federal government will not become another market hurdle.
Activist investor Elliott takes stake in UK takeover target WS Atkins
LONDON (Reuters) - U.S. activist investor Elliott Capital Advisors disclosed on Monday it has taken a 6.8 percent stake in WS Atkins
after the British engineering and construction consultancy firm agreed to be bought in a C$3.6 billion ($2.7 billion) deal.
Prudential's Peters says risk-reward for junk bonds 'not favorable'
NEW YORK (Reuters) - PGIM Fixed Income senior portfolio manager Greg Peters said on Thursday that he has been reducing his overweight position in junk bonds because the "risk-reward is just not favorable."
U.S. fund investors taper Euro stock buying ahead of French vote
NEW YORK (Reuters) - Investors stocked up on safe-haven U.S.-based gold and bond funds ahead of France's closely watched presidential election, while trimming purchases of European stock funds, Lipper data showed on Thursday.
U.S. Social Security reform: the clock is ticking
CHICAGO (Reuters) - Can you count on your Social Security benefits when retirement rolls around?
New ETF invests in industry close to home: ETFs themselves
NEW YORK (Reuters) - Exchange-traded funds have proliferated in niches ranging from cyber security to solar power and even marijuana. On Thursday, a new index fund launched that will let investors chase the growth potential of ETFs themselves.
If Le Pen pulls off upset, French bank funding, and euro project, at risk: James Saft
(Reuters) - An unlikely Marine Le Pen victory in French presidential elections could set off a bank funding crisis that would have more power to torpedo the euro project than she might posses once in office.
Bubble-spotting, like genius parenting, is rare
(Reuters) - “Is this market a bubble?” and “Is my kid a genius?” are two questions which are asked far more often, and with less profit, than they should.
Wealthfront branches out into loans in new competitive push
NEW YORK (Reuters) - Wealthfront Inc, the digital financial advice company, will begin letting some customers borrow against their investment accounts in its first foray into lending.