Reuters Money

Brexit and the City: Tracking the fortunes of London's financial districts

LONDON (Reuters) - Is London's position as the largest international center of finance slipping as a result of Brexit?

Betterment breaks out of robo-mode, lets wealthy clients select assets

NEW YORK (Reuters) - U.S. robo-adviser Betterment LLC said on Wednesday it is rolling out personalized portfolio management for clients with more than $100,000, marking the firm's first step away from the automatically designed and rebalanced portfolios that have become its hallmark.

Activist signs pact to replace most of Retelit board, keep chairman, CEO

MILAN, LONDON (Reuters) - Activist firm Shareholder Value Management (SVM) has signed a pact with top investor Bousval in Italian telecoms infrastructure group Retelit to elect a new board next month but keep the current chairman and chief executive officer.

Chicago can pursue part of Wells Fargo predatory lending case

(Reuters) - A federal judge significantly narrowed but refused to dismiss a lawsuit accusing Wells Fargo & Co, the third-largest U.S. bank, of predatory mortgage lending targeting black and Hispanic borrowers in the Chicago area.

Investment banks promise reform after admitting big UK gender pay gaps

LONDON (Reuters) - Citigroup, Bank of America Merrill Lynch (BAML), Credit Suisse and Morgan Stanley all revealed large gender pay gaps in their British operations on Tuesday, the latest banks to report lower average hourly pay for women caused by having fewer female staff in top roles.

Commentary: U.S. Social Security funding should ease customer-service crisis

Nasdaq opens lower as tech stocks, Amazon drag

The Nasdaq Composite index opened lower on Wednesday, pulled lower by Apple, Intel and Amazon, while the S&P 500 and the Dow rose on gains in financial and healthcare stocks.

On China trade clash, Wall Street embraces Trump's poker face

To Wall Street money managers who make bets for a living, U.S. President Donald Trump’s aggressive stance against China on trade looks like a high-stakes poker hand - but they believe they can play it for all it’s worth.

Your Money: Cost of a name change after divorce? Priceless

NEW YORK (Reuters) - I picked a good day to change my name after my divorce - late on a Friday afternoon recently when it was pelting sleet outside.

Goldman Sachs' stock-based pay ratio still much higher than rivals'

BOSTON (Reuters) - Goldman Sachs Group Inc pays employees a much bigger portion in stock than Wall Street rivals, a trend that has come into sharper focus as the bank overhauls its business strategy.