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Monday, November 6, 2017

MSCI blocks new stocks lacking voting rights from some indexes

NEW YORK (Reuters) - MSCI Inc will temporarily ban new companies that deny equal voting rights to shareholders from two market indexes, intensifying a debate over who should police perceived lapses in corporate governance.

Your Money: Splitting retirement accounts is tricky for DIY divorce

NEW YORK (Reuters) - If you are trying to have a low-cost, do-it-yourself divorce, it may seem reasonable to just split up the retirement assets and each go your separate ways.

U.S. banks in cross-hairs as Powell could help and hinder

NEW YORK (Reuters) - With the announcement of Jerome Powell as the new Federal Reserve Chair, banks are likely to see a battle between a boost from deregulation supported by the new Fed leader and the challenge of a flattening yield curve as monetary policy is likely to remain on course.

JPMorgan expects Fed to raise rates four times in 2018

NEW YORK (Reuters) - JPMorgan Chase & Co on Friday raised its forecast on the number of U.S. interest rate increases by the Federal Reserve next year to four from three as the October payrolls data reinforced the view of a tightening domestic labor market.

Wells Fargo faces lawsuits over mortgage and auto loans

(Reuters) - Wells Fargo & Co is facing litigation over previously disclosed sales problems related to its auto lending and mortgage businesses, the bank disclosed in a regulatory filing on Friday.

New SEC guidance could raise bar for some shareholder measures

BOSTON (Reuters) - Companies may have new grounds to keep shareholder proposals on social or ethical matters from coming to a vote at their annual meetings under guidance published late on Wednesday by the U.S. Securities and Exchange Commission.

Republican tax plan would deal financial hit to U.S. universities

WASHINGTON (Reuters) - The Republican tax plan unveiled on Thursday stirred anger at U.S. universities, which said its proposals to tax endowments of private institutions and repeal a deduction for student-loan interest payments would hurt institutions and students.

Near miss on 401(k) tax grab marks a new low for U.S. retirement policy

CHICAGO (Reuters) - U.S. Republican lawmakers came close to staging a damaging raid on retirement savers this week to pay for a massive tax cut for corporations and the wealthy. Their recklessness brings to mind that old saying - "This is no way to run a railroad." But in this case, using that expression would be grossly unfair to incompetent railroad managers.

U.S.-based stock funds take in most cash since May: Lipper

NEW YORK (Reuters) - Reluctant investors warmed to stocks in October, stockpiling $19.3 billion in U.S.-based equity funds, marking the first month of positive inflows for the funds since May, when they took in $31.8 billion, Lipper data showed on Thursday.

New York regulator to quiz senior Barclays staff over whistleblowing scandal: source

NEW YORK/LONDON (Reuters) - New York state's banking regulator will be interviewing senior Barclays executives from New York and London over a whistleblowing scandal in the coming weeks, a source familiar with the situation said.