Goldman Sachs CEO says sovereign balance sheets look risky
BOSTON (Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein said on Thursday sovereign country balance sheets look risky to him as deficits become a larger percentage of their gross domestic product.
Vital Medicare counseling service escapes U.S. budget cuts for now
(Reuters) - (The opinions expressed here are those of the author, a columnist for Reuters)
Ackman exits Nike stake with $100 million in profit: source
(Reuters) - Investor William Ackman has stepped out of his Nike
sneakers, at least in a financial sense.
Janus' Gross says U.S., global economies too leveraged for aggressive Fed
NEW YORK (Reuters) - Investors' expectations for three or four rate hikes by the Federal Reserve in 2018 are likely overblown while a bear market in bonds will be gradual and "non-threatening," influential bond investor Bill Gross said on Thursday.
Goldman Sachs no longer one of top three commodities banks
LONDON (Reuters) - Goldman Sachs
lost its place among the top three earners of commodities-related revenue in 2017, falling below rivals JPMorgan , Morgan Stanley and Citibank for the first time, data from analytics firm Coalition showed.
Morgan Stanley to hire 80 in Paris after Brexit: source
LONDON/PARIS (Reuters) - Morgan Stanley plans to add 80 jobs in Paris after Britain's exit from the European Union, a source familiar with the matter said on Thursday, on top of around 200 the U.S. bank is set to transfer to its Frankfurt hub.
Deutsche Bank to reap $1.7 billion from asset management IPO
BERLIN (Reuters) - Deutsche Bank's asset management arm DWS set the price for its initial public offering on Thursday at a level which is expected to generate proceeds of about 1.4 billion euros ($1.7 billion) for Germany's largest bank.
UBS CEO says to expect 'more of the same' performance
ZURICH (Reuters) - UBS
, the world's largest wealth manager, is seeing business in line with recent years so far in 2018, Chief Executive Sergio Ermotti said on Thursday.
U.S. investment trusts gobble assets; retirement plans retreat from active funds
BOSTON (Reuters) - U.S. retirement plans pumped billions of dollars into investment trusts last year, helping asset managers offset some of the heavy cash outflows from their pricier actively managed funds.
Investors pull $9.6 billion from U.S. equity funds, deepening selloff
NEW YORK (Reuters) - U.S. fund investors stripped billions from stocks during the most recent week, Lipper data showed on Thursday, adding to the selling pressure building on markets.