Citi names head of EMEA commercial banking

Citigroup Inc on Monday named Raymond Gatcliffe as head of commercial banking for Europe, the Middle East and Africa (EMEA).

U.S. tariff threat may compound Apple's iPhone woes: BofA

Apple Inc could see a hit to its annual earnings from U.S. President Donald Trump's newly proposed 10% tariff on Chinese imports from Sept. 1, analysts from Bank of America Merrill Lynch said on Friday.

JPMorgan set for historic majority stake in China funds JV: sources

JPMorgan was on Friday poised to become the first foreign company to hold a majority stake in a Chinese mutual fund business, two sources said, setting a precedent that one analyst said would trigger a wave of similar transactions.

When financing retirement, balance emotion and math

With the U.S. Congress poised to pass a bill allowing annuities to be offered in mainstream 401(k) plans, Americans soon will be asking a lot of questions about these financial products that provide guaranteed lifetime income for an upfront investment.

What a Fed rate cut means for your wallet

The U.S. Federal Reserve's decision on Wednesday to lower interest rates may do little to cut some of the costs that matter to many consumers.

Record highs in U.S. stock market not enough to attract fund investors

Investors retreated from the U.S. stock market last week despite the benchmark S&P 500 reaching new record highs, pulling nearly $9.1 billion from mutual funds and exchange-traded funds that hold domestic stocks, according to data released Wednesday by the Investment Company Institute.

UBS plans to charge rich clients for Swiss cash deposits

UBS Group will impose from November a negative interest rate of 0.75% on wealthy clients who deposit more than 2 million Swiss francs ($2.02 million) with its Swiss bank, it said on Wednesday, citing expectations for a long period of ultra-loose monetary policy.

BlackRock raises $2 billion for Global Credit Opportunities Fund

BlackRock Inc, the world's largest asset management firm, said on Wednesday it had raised $2 billion for its flagship opportunistic credit fund, Global Credit Opportunities, reflecting investor demand for alternative investments.

Related Videos

HSBC axes CEO after only 18 months on the job

U.S. workers hit by hiring slowdown, fewer hours

Introducing the all-new
Reuters News app

The new Reuters News app is here, redesigned from the ground up to fit your busy life.

Get it now on iOS