Reuters - Money

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Friday, February 2, 2018

Western banks make push into Japanese dealmaking as fee pool hits record

HONG KONG/SINGAPORE/TOKYO (Reuters) - Western banks are bulking up in Japan, attracted by record investment banking fees and expectations of a rise in dealmaking as cashed-up companies in the world's third-largest economy step up their hunt for overseas targets.

Dreading your taxes? Try filing as U.S. military

NEW YORK (Reuters) - No matter how U.S. tax policies evolve in the future, it is doubtful that members of the U.S. military will ever be able to file tax returns on a postcard. Their jobs simply make it too complicated.

Wells Fargo loses big client after dialing up risk in retirement funds

BOSTON (Reuters) - After Wells Fargo & Co decided to ramp up risk in its flagship age-based retirement funds last year, one of its largest customers decided to call it quits, unhappy with the new investment strategy and how the bank handled the transition.

Wells Fargo says hardly any pay disparity for women, minority staff

BOSTON (Reuters) - Wells Fargo & Co pays female and racial minority employees very close to what male and white employees earn, an executive said, making the bank the third top U.S. lender to detail its pay ratios in recent weeks.

Win, Lose or Draw: First jobs of animation sensations

NEW YORK (Reuters) - Think of the golden age of American animation, and the mind tends to go back to the days of Walt Disney and Steamboat Willie.

Column: Debate on safety of reverse mortgages for U.S. seniors heats up

CHICAGO (Reuters) - Foreclosure is a frightening word - especially if the person losing her home is a senior living on a modest, fixed income. And some housing advocates worry that the number of foreclosures has risen sharply among one group of seniors: those who have taken out reverse mortgage loans.

U.S. fund investors 'buy the dip' in stock, bond markets

NEW YORK (Reuters) - U.S. fund investors cashed out of cash funds and stocked up on stocks in the latest week, ignoring a setback in markets and taking on more risk, Lipper data showed on Thursday.

Swiss bank PKB broke money-laundering rules in Brazilian cases: FINMA

(This February 1 story has been refiled to fix typo in 13th paragraph)

Activist investors' demands rejected more in 2017: data

BOSTON (Reuters) - Corporate chiefs said "no" more often to activist investors in 2017 who approached them with ideas on how to run their businesses and demands to sit on their boards, new data from research group Activist Insight show.

Turn that tax cut into hundreds of thousands of dollars

CHICAGO (Reuters) - When the new U.S. tax law starts giving Dave Calderone extra cash in his paychecks, he will use it to soothe his panic about dying broke.