By Davide Barbuscia NEW YORK (Reuters) – The U.S. Federal Reserve’s likely shift to a smaller interest rate increase this week could offer some respite to bond investors hit hard by a stri[...]
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North Carolina treasurer wants BlackRock CEO to go, but keeps assets at firm
By Ross Kerber (Reuters) -North Carolina’s state treasurer on Friday called for BlackRock Inc Chief Executive Laurence Fink to resign or be removed from the top asset management firm, citing its[...]
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Analysis-U.S. financial conditions have eased. So far the Fed is okay with it
By Ann Saphir (Reuters) – Over the past six weeks or so, U.S. mortgage rates have fallen, stock prices are up, and yields on corporate debt have dropped, all signs that financial conditions are[...]
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Fed discount window borrowing is edging up, but is it a problem?
By Michael S. Derby NEW YORK (Reuters) – Borrowing at a key Federal Reserve facility long associated with providing emergency loans to banks has been edging higher, recently climbing to over $10[...]
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Mexico president says two bidders remaining for Citi’s local retail bank
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Friday there are two remaining parties bidding to buy the Mexican retail arm of U.S. banking giant Citigroup . Lopez[...]
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Credit Suisse turnaround plan “well underway” after capital hike completed
By John Revill, Lucy Raitano and Pablo Mayo Cerqueiro (Reuters) -Credit Suisse got a positive market reaction on Friday after the embattled bank successfully completed the final part of its 4 billion[...]
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Hedge fund Third Point adds Bath & Body Works stake, seeks board changes
By Svea Herbst-Bayliss NEW YORK (Reuters) -Hedge fund Third Point has built a stake of just over 6% in Bath & Body Works and is pushing for new board members at the retailer, the fund said in a re[...]
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Audacious BlackRock challenge is Bluebell’s David vs Goliath playbook
By Simon Jessop, Nell Mackenzie and Svea Herbst-Bayliss LONDON/NEW YORK (Reuters) – Bluebell Capital Partners’ attempt to oust BlackRock Inc CEO Larry Fink represents the small activist he[...]
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Column-Funding cuts have put U.S. Social Security customer service in crisis mode
By Mark Miller (Reuters) – Call the Social Security toll-free number for assistance these days, and this is the message you will hear: “We are experiencing service issues including poor call qua[...]
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