(Reuters) – U.S. short seller Hindenburg Research said on Friday Block Inc’s response to its allegations confirmed it had reported inflated user counts on its Cash App to investors for yea[...]
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Economy
Trump-linked stocks gain on attracting retail traders’ attention
(Reuters) -Shares of companies tied to former U.S. President Donald Trump gained in early trading on Friday, drawing interest from retail investors after the ex-president was indicted in a historic fi[...]
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Citigroup hires BofA Merrill’s head Andy Sieg to lead wealth unit
By Lananh Nguyen and Jaiveer Shekhawat (Reuters) -Citigroup Inc hired Andy Sieg to lead its global wealth arm, the lender said on Thursday, from Bank of America Corp, where he led the Merrill Wealth M[...]
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How a massive options trade by a JP Morgan fund can move markets
By Saqib Iqbal Ahmed (Reuters) -A nearly $15 billion JP Morgan fund is expected to reset its options positions on Friday, potentially adding to equity volatility at the end of a strong quarter for U.S[...]
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Wells Fargo to pay $97 million for sanctions compliance failures
By Hannah Lang (Reuters) -Wells Fargo & Co will pay fines of about $97.8 million for inadequate oversight of its compliance risks, enabling the apparent violation of U.S. sanctions against Iran, S[...]
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Shorting global banks fetches $14.3 billion in paper profit in March – S3 Partners
(Reuters) – Short sellers made $14.3 billion in paper profit from their bearish bets on global banking stocks in March, according to analytics firm S3 Partners, as the collapse of U.S. lender Si[...]
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BlackRock calls on clients to rethink hedging strategy after UK pension crisis
By Tommy Wilkes LONDON (Reuters) – BlackRock’s liability-driven investment business is urging some smaller UK pension fund clients to stop splitting assets across multiple managers, as it[...]
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How to talk to your aging parents about safe driving
By Chris Taylor NEW YORK (Reuters) – Patti Black remembers it like it was yesterday: The conversation no adult child ever wants to have. The financial planner from Birmingham, Alabama, was worri[...]
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Bank of America’s financial planning app draws $55 billion over two-plus years
By Lananh Nguyen and Nupur Anand NEW YORK (Reuters) – Bank of America Corp’s digital personal finance tool, Life Plan, has attracted more than $55 billion in new money since its launch in[...]
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