| | Investors worried about whether a looming government shutdown could slow U.S. stocks' recent surge can take comfort in history: markets have tended to shrug off shutdowns despite their potentially nasty economic impact. | |
| Investors stepped up buying of riskier assets such as stocks last week while pulling money out of safe-haven gold, BofA said on Friday, as major vaccine breakthroughs extended hopes that economies could move closer to normality in 2021. | |
| U.S.-based equity funds drew $6 billion in net inflows in the week ended Wednesday, according to Lipper. | |
| UBS Group on Friday named Chief Operating Officer and President EMEA Sabine Keller-Busse as president of UBS Switzerland, the first big revamp since Chief Executive Ralph Hamers took the reins at the world's largest wealth manager last month. | |
| A potential wave of bankruptcies and a collapse in the commercial real estate market in the United States could weigh heavily on smaller banks, a regulatory panel said on Thursday in an assessment of risks to financial stability from the pandemic. | |
| Daniel Loeb's Third Point LLC funds posted strong gains in November to extend year-to-date returns into the double digits after the billionaire investor overhauled his portfolio and the firm a few months ago. | |
| Toronto-Dominion Bank reported fourth-quarter profit that beat analysts' estimates on Thursday, on lower-than-expected provisions for credit losses and as its Canadian retail business and wholesale banking income grew from a year earlier. | |
| Apex Logistics has been put up for sale by MBK Partners, which hopes to lock in a valuation of more than $1 billion after the coronavirus crisis boosted the Chinese freight forwarding company's business, people close to the matter said. | |
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