 | | | | Fidelity Investments on Thursday eliminated commissions on online trades of U.S. stocks, exchange traded funds (ETFs) and options, becoming the latest brokerage to cut trading fees to compete with new entrants in the market. | | |
| | | Wells Fargo & Co is boosting its teams that process mortgage loans to prepare for higher mortgage volumes, changing course after it laid off about 1,000 employees https://www.reuters.com/article/us-wells-fargo-layoffs/wells-fargo-plans-1000-u-s-job-cuts-idUSKCN1NK2P7 in the division in 2018, according to a memo viewed by Reuters. | | |
| | | U.S. Treasury yields rose on Wednesday, a day that saw a flood of supply and on optimism for progress in U.S.-China trade negotiations that begin in Washington on Thursday. | | |
| | | Investors retreated from the U.S. stock market by unloading nearly $11.8 billion from mutual funds and exchange traded funds that hold domestic equities last week, as concerns about the strength of the U.S. economy mounted, according to data released by the Investment Company Institute on Wednesday. | | |
| | | Exxon Mobil Corp has appointed Bank of America Merrill Lynch to run the sale of its Malaysian oil and gas assets as the U.S. firm accelerates a vast disposal program, banking and industry sources said. | | |
| | | NEW YORK (Reuters)<?xml version="1.0" encoding="utf-16"?> - Sionic has hired James Monahan from Morgan Stanley to run the consulting firm's new global asset servicing team, according to a statement on Tuesday. | | |
| | | Swiss banks will have to shift more operations to the European Union if Switzerland fails to secure a treaty with the trading bloc, Geneva private bankers said on Tuesday. | | |
| | | British asset manager Schroders Plc on Tuesday appointed Marc Brookman as chief executive officer of its North America division. | | |
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