| | | UBS exits recruiting pact, following Morgan Stanley | | | NEW YORK (Reuters) - UBS Group AG's Wealth Management Americas said on Monday it was quitting a 13-year-old recruiting agreement that ended the practice of suing brokers who quit for jobs at competing firms, following a similar move by rival Morgan Stanley last month. |
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| | | U.S. Labor Department delays final part of fiduciary rule | | | NEW YORK (Reuters) - The U.S. Department of Labor issued an 18-month-delay on Monday for key parts of its retirement rule, including one that would require brokers to ask clients if they feel that accounts that charge commissions are in their best interests. |
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| | | France cuts cost of sacking traders to lure banks post-Brexit | | | PARIS (Reuters) - The French parliament has approved measures to cut the cost of sacking traders by excluding their bonuses from compulsory redundancy payouts, in a move aimed at luring banks' trading activities to Paris as Britain leaves the European Union. |
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| | | U.S. bond fund investors stirred, not shaken | | | NEW YORK (Reuters) - U.S. fund investors pumped millions into bond funds for a 50th straight week, the Investment Company Institute (ICI) said on Wednesday, showing that caution in recent weeks may not portend a flight from debt generally. |
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