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Friday, September 22, 2017

Exclusive: Macquarie leapfrogs Goldman to join top tier of commodity banks

LONDON (Reuters) - Australia's Macquarie Group Ltd has overtaken Goldman Sachs to break into the top three banks for commodities business, having significantly expanded its U.S. energy operations in recent years while rivals cut back.

Mutual fund giant Vanguard says hack at SEC won't hurt clients

BOSTON (Reuters) - Vanguard Group, the largest U.S. mutual fund company, said on Thursday that the hack into the Securities and Exchange Commission's electronic filings database will not hurt clients.

U.S. household net worth rises again in second quarter 2017

WASHINGTON (Reuters) - The wealth of U.S. households rose to $96.2 trillion in the second quarter of this year as U.S. stock prices hit record highs and home values continued to climb, a report by the Federal Reserve showed on Thursday.

Wells Fargo CEO to testify before Senate as questions linger over scandal

WASHINGTON (Reuters) - Wells Fargo Chief Executive Tim Sloan is due to testify before Congress on Oct. 3 as the bank deals with fallout from a sales scandal a year ago that continues to spark new revelations.

Latest Republican assault on healthcare would punish older Americans

CHICAGO (Reuters) - The Republicans’ battle to repeal Obamacare is starting to look less like warfare and more like a game of whack-a-mole.

U.S. bond funds, tech stocks attract huge inflows: Lipper

NEW YORK (Reuters) - U.S.-based taxable-bond funds took in $7 billion during the latest week, the largest weekly intake since July, adding to an already strong year for debt against the backdrop of a rate-hiking cycle, Lipper data showed on Thursday.

Three tips for smart dividend ETF plays

NEW YORK(Reuters) - Pop quiz: What percentage of long-term stock market returns are thanks to the humble dividend? Five? 10? 20?

Ackman targets retail investors in ADP proxy contest

BOSTON (Reuters) - Billionaire hedge fund manager William Ackman, whose firm owns an 8.3 percent stake in Automatic Data Processing Inc , is turning up the heat in his proxy war for the human resources outsourcing company by targeting an often-ignored but influential group of people - retail investors.

U.S. muni bond funds post $574 million in inflows: Lipper

(Reuters) - U.S. municipal bond funds reported $574 million of net inflows in the week ended Sept. 20, compared with $241.4 million in inflows in the previous week, according to data released by Lipper on Thursday.

U.S. expects Madoff $4 billion fund payout to start this year

NEW YORK (Reuters) - The U.S. government expects this year to begin payouts from a $4 billion fund for Bernard Madoff's victims, ending their nearly nine-year wait to begin recouping losses from his Ponzi scheme.