By John McCrank NEW YORK (Reuters) -The New York Stock Exchange teamed up with retail broker Charles Schwab Corp and market maker Citadel Securities on Monday to ask the U.S. Securities and Exchange C[...]
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U.S. CFPB’s bid to curb late credit card fees faces strong opposition
By Niket Nishant (Reuters) – A U.S. consumer watchdog’s proposal to slash late fees on credit cards is facing a rough road ahead as lenders gear up for what could turn out to be a fierce b[...]
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Stock pickers reckon it’s time to move on from central banks
By Naomi Rovnick LONDON (Reuters) -Stock market investors are calling time on the idea that the Federal Reserve, and other major central banks, have their back. Hopes for interest rate cuts by year-en[...]
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Private equity firms lend less as demand cools
By Chibuike Oguh (Reuters) – Private equity firms that have for years capitalized on the regulatory woes of banks by becoming lenders to risky leveraged buyouts are doing less business just as h[...]
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Analysis-Sharp drop in equity premium may mark return of 60/40 portfolio
By Mehnaz Yasmin (Reuters) – The reward for holding U.S. stocks over Treasury bonds has not been this unattractive since 2004, possibly setting the stage for the sought-after 60/40 portfolio div[...]
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Elliott nominates slate of directors to Salesforce board – source
By Svea Herbst-Bayliss (Reuters) -Activist investor Elliott Management Corp has nominated a slate of directors to the board of cloud-based software provider Salesforce Inc, a source familiar with the[...]
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Hedge funds that did best in 2022 could fare worst in 2023 – BNP
By Nell Mackenzie LONDON (Reuters) – Trend following hedge funds that outperformed rivals in 2022 will likely underperform this year, according to investors surveyed by BNP Paribas in a report p[...]
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In Justice Jackson’s first ruling, US Supreme Court decides MoneyGram case
By Nate Raymond (Reuters) – In the first ruling written by President Joe Biden’s appointee Justice Ketanji Brown Jackson, the U.S. Supreme Court on Tuesday sided with 30 states that argued[...]
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Higher expenses weigh down U.S. bank profits in 2022 – FDIC
By Pete Schroeder WASHINGTON (Reuters) -U.S. banks reported a 5.8% decline in profits in 2022 as firms spent more on noninterest items and provision expenses against future losses, the Federal Deposit[...]
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