Money

Column: Can insider trading case at SCOTUS help Leon Cooperman?

Column: Can insider trading case at SCOTUS help Leon Cooperman?

Published 27/09/2016

Leon G. Cooperman Chairman, Omega Advisors, speaks on a panel discussion at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 9, 2013. REUTERS/Rick Wilking

On Oct. 5, the U.S. Supreme Court will hear oral arguments on a question that has created considerable confusion in lower courts: When the government claims a corporate outsider has profited from trading illegally on inside information, what must it prove about the motive of the insider who supplied the tip?

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JPMorgan tops investment bank table again, top five all U.S. banks

JPMorgan tops investment bank table again, top five all U.S. banks

Published 27/09/2016

The logo of Dow Jones Industrial Average stock market index listed company JPMorgan Chase (JPM) is seen in Los Angeles, California, United States, in this October 12, 2010 file photo. REUTERS/Lucy Nicholson/File Photo

JPMorgan retained its place at the top of the global investment bank rankings in the first half of this year despite a fall in revenues, while Deutsche Bank's troubles ensured the top five were all U.S. banks, new data on Friday showed.

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Pimco says bond yields to rise gradually as central banks run out of rope

Pimco says bond yields to rise gradually as central banks run out of rope

Published 27/09/2016

The offices of Pacific Investment Management Co (PIMCO) (R) are shown in Newport Beach, California August 4, 2015. REUTERS/Mike Blake

Global bond yields will rise modestly and spikes in volatility could be more commonplace in the coming years as loose central bank policy loses its potency, Pimco's bonds CIO said on Friday.

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U.S. business borrowing for equipment up 12 percent in August: ELFA

U.S. business borrowing for equipment up 12 percent in August: ELFA

Published 27/09/2016

People look at Deere equipment as they attend National Farm Machinery show in Louisville, Kentucky, February 11, 2016. REUTERS/Meredith Davis

Borrowings by U.S. companies for capital investment rose 12 percent in August compared with a year earlier, the Equipment Leasing and Finance Association (ELFA) said.

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Exchanges defeat appeal of U.S. high-frequency trading lawsuits

Published 27/09/2016

A federal appeals court on Friday rejected an investor's attempt to revive lawsuits accusing major U.S. exchanges of selling early access to market data to high-frequency traders, the subject of Michael Lewis' 2014 best-seller "Flash Boys."

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Wells Fargo hires law firm to advise on executive pay: WSJ

Wells Fargo hires law firm to advise on executive pay: WSJ

Published 27/09/2016

Wells Fargo CEO John Stumpf testifies before a Senate Banking Committee hearing on the firm's sales practices on Capitol Hill in Washington, U.S., September 20, 2016. REUTERS/Gary Cameron

Wells Fargo & Co's (WFC.N) board hired law firm Shearman & Sterling LLP to advise on executive compensation and potential clawbacks, the Wall Street Journal reported, citing people familiar with the matter.

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Hunt for yield leads U.S. mutual fund managers to private assets

Hunt for yield leads U.S. mutual fund managers to private assets

Published 19/09/2016

A screen displays stock charts while a trader works at his post on the floor at the New York Stock Exchange, May 30, 2013. REUTERS/Brendan McDermid

With traditional dividend-paying stocks such as utilities and telecom companies trading near record highs, U.S. mutual fund managers desperate for income are increasingly taking a new tack: going private instead.

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Wells Fargo faces scrutiny over lack of sales scandal disclosure

Wells Fargo faces scrutiny over lack of sales scandal disclosure

Published 19/09/2016

The logo on a Wells Fargo bank building is seen in downtown San Diego, California March 18, 2014. REUTERS/Mike Blake

A phantom account scandal at Wells Fargo & Co has put the U.S. bank's disclosure policies under a harsh spotlight.

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Long-term care insurer SHIP works to dump Platinum Partners

Published 19/09/2016

A U.S. insurance company that works with more than 70,000 elderly policy holders to meet their healthcare needs is aiming to cut all of its financial ties to troubled hedge fund manager Platinum Partners by the end of the year.

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Fannie Mae elects Ryan Zanin to the board

Fannie Mae elects Ryan Zanin to the board

Published 19/09/2016

A stands outside Fannie Mae headquarters in Washington February 21, 2014. REUTERS/Kevin Lamarque

Fannie Mae (FNMA.PK), the largest U.S. home funding source, elected Ryan Zanin to its board of directors.

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