Money

Activist funds posted gains in August- Marcato pushed ahead

Activist funds posted gains in August- Marcato pushed ahead

Published 09/09/2016

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., September 9, 2016. REUTERS/Brendan McDermid

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Ailing Italian bank Monte dei Paschi to name new boss in coming days

Ailing Italian bank Monte dei Paschi to name new boss in coming days

Published 09/09/2016

A logo of Monte dei Paschi di Siena bank is seen on the ground in Siena, Italy, November 5, 2014. REUTERS/Giampiero Sposito/File Photo

Italian bank Monte dei Paschi plans to appoint a new chief executive in the next few days to lead a 5 billion-euro ($5.6 billion) capital raising which is needed to stave off the risk of the world's oldest bank being wound down.

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Wells Fargo will pay $190 million to settle customer fraud case

Wells Fargo will pay $190 million to settle customer fraud case

Published 09/09/2016

A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, February 10, 2015. REUTERS/Jim Young

Wells Fargo has long been the envy of the banking industry for its ability to sell multiple products to the same customer, but regulators on Thursday said those practices went too far in some instances.

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U.S. fund investors seem to bet against near-term rate hike

U.S. fund investors seem to bet against near-term rate hike

Published 08/09/2016

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 25, 2016. REUTERS/Brendan McDermid

U.S. fund investors are bolstering their bets that the Federal Reserve will bypass an interest-rate increase later this month by pouring new cash into corporate bonds and emerging markets as well as U.S. stocks.

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First jobs: Coming to America

First jobs: Coming to America

Published 02/09/2016

Journalist Fareed Zakaria speaks to Prime Minister of Malaysia Najib Razak during an interview at the Council of Foreign Relations during the United Nations General Assembly in New York September 26, 2013. REUTERS/Joshua Lott

If there is one subject at the forefront of the 2016 U.S. election, it is immigration.

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Carlyle, TPG form separate teams to bid for McDonald’s North Asia stores: sources

Carlyle, TPG form separate teams to bid for McDonald’s North Asia stores: sources

Published 02/09/2016

A woman walks past a McDonald's outlet in Hong Kong in this July 25, 2014 file photo. REUTERS/Tyrone Siu/File Photo

Private equity firms Carlyle Group (CG.O) and TPG Capital have teamed up with two separate Chinese state companies to bid for McDonald's (MCD.N) outlets in China and Hong Kong in a deal worth between $2 billion and $3 billion, four people familiar with the matter said.

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U.S. banks need better defenses against rates shock, regulators warn

U.S. banks need better defenses against rates shock, regulators warn

Published 02/09/2016

The Bank of America building is shown in Los Angeles, California October 29, 2014. REUTERS/Mike Blake/File Photo - RTSIJL2

Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their balance sheets in ways that put them at risk if rates suddenly spike, regulators are warning.

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Ackman’s Pershing Square Holdings gains 5.8 percent in August

Ackman’s Pershing Square Holdings gains 5.8 percent in August

Published 02/09/2016

William Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermid

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ISS’s Cernich, who made recommendations on proxy fights, leaves firm

Published 01/09/2016

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U.S. rate hike fears weigh on fund flows in latest week

U.S. rate hike fears weigh on fund flows in latest week

Published 01/09/2016

Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York, U.S., August 30, 2016. REUTERS/Lucas Jackson

The party looked to be waning for some popular investments in the latest week, with investors trimming exposure to U.S.-based funds invested in developing-market bonds, utilities stocks and gold, Lipper data showed on Thursday.

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