Take it easy: central bank U-turns loosen financial conditions
(Reuters) - Rate cut bets and rallying equity and bond markets are feeding into a gradual loosening of financial market conditions that could potentially send world growth ticking higher by the end of the year, a closely watched index suggests.
Two top fixed-income portfolio managers exit Eaton Vance
(This July 19 story corrects to say the fund has a negative process pillar rating, not negative overall rating, in the fifth paragraph)
Investors buy fewest U.S. 30-year bonds at auction since September
NEW YORK (Reuters) - Fund managers purchased the least amount of U.S. 30-year Treasury bonds at an auction in 10 months earlier this month that intensified a sell-off in the bond market, according to data released from the U.S. Treasury Department on Monday.
Judge rules against hedge funds that challenged 2016 Jarden deal
WILMINGTON, Del. (Reuters) - A Delaware judge ruled against hedge funds on Friday that tried to get more cash out of Newell Brands Inc's
2016 acquisition of consumer goods company Jarden Corp, the latest setback for a once-popular investment strategy known as appraisal.
Citigroup profit beats estimates on gains in consumer lending
(Reuters) - Citigroup Inc topped expectations for quarterly profit on Monday as a tight lid on costs and strength in consumer lending helped the third-largest U.S. bank counter weakness in its trading business.
Charles Schwab in talks to buy USAA wealth-management, brokerage units: WSJ
(Reuters) - Charles Schwab Corp
is in talks to buy brokerage and wealth-management operations from USAA for about $2 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Goldman banker highlights Morgan Stanley's Hong Kong IPO woes
HONG KONG (Reuters) - A senior Goldman Sachs
banker has highlighted to colleagues the role played by rival Morgan Stanley in failed Hong Kong IPOs following the collapse on Friday of Budweiser APAC's $9.8 billion initial public offering, according to an internal email seen by Reuters.
Nomura pays $26.5 million to settle U.S. charges over traders' lies about bond prices
NEW YORK (Reuters) - Nomura Holdings Inc will pay $26.5 million to settle U.S. Securities and Exchange Commission charges that it failed to properly supervise five former traders who lied to customers about mortgage bond prices.
Saving the world is on Sue Desmond-Hellmann's to-do list
NEW YORK (Reuters) - If you had $50 billion to try to solve the world's worst problems, what exactly would you do?
Fed seen cutting U.S. rates by 25 bps late July: BAML
NEW YORK (Reuters) - The Federal Reserve will likely reduce key U.S. borrowing costs by a quarter point at its upcoming July 30-31 policy meeting with the chance of a 50 basis-point decrease, Bank of America Merrill Lynch analysts said on Wednesday.