Reuters - Money

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Wednesday, May 24, 2017

Morgan Stanley to curb veteran adviser recruiting

NEW YORK (Reuters) - Morgan Stanley, the biggest U.S. brokerage by head count, told brokers Tuesday that it is standing down from the expensive recruitment wars, following similar steps taken earlier this month by competitor Bank of America Merrill Lynch.

Bond market braces for impact of New York's free tuition plan

NEW YORK (Reuters) - Little known private colleges that are already struggling to grow their revenues are facing a new threat that could further weaken their finances and make borrowing harder: free tuition at public universities.

U.S. Federal Home Loan Banks rely less on short-term debt: FHFA's Watt

(Reuters) - The U.S. Federal Home Loan Bank system has made progress in depending less on short-term debt to fund its longer-term assets through the sale of longer-dated bonds, Federal Housing Finance Agency Director Melvin Watt said on Tuesday.

CFA exam to add artificial intelligence, 'big data' questions

NEW YORK (Reuters) - Students of investing will need to start cramming for a new subject: computer science.

Morgan Stanley shareholders approve executive compensation plan

PURCHASE, N.Y. (Reuters) - Morgan Stanley's executive compensation plan received the support of over 90 percent of its shareholders at the bank's annual meeting in its Purchase, New York wealth management headquarters on Monday.

Ahead of Exxon's annual meeting, climate activists gain ground

BOSTON (Reuters) - Shareholder activists focused on climate issues are gaining traction in their push to have large energy companies and utilities take account of the impact rising global temperatures could have on their businesses.

U.S. Labor Secretary says fiduciary rule to take effect on June 9

(Reuters) - The U.S. Labor Department will implement its fiduciary rule on June 9 with no further delays, U.S. Labor Secretary Alexander Acosta said on Tuesday.

A.M. Best affirms AIG ratings after review, insurer's stock rises

(Reuters) - A.M. Best Co affirmed its financial strength rating on American International Group Inc on Tuesday, lifting some uncertainty over the New York-based insurer's ability to meet its long-term debt obligations, which had unsettled some investors.

Traders renew bets on U.S. rate increase in June

NEW YORK (Reuters) - U.S. interest rates futures fell on Friday, suggesting traders revived bets the Federal Reserve would raise interest rates in June as financial markets recovered from their sharp losses earlier this week.

U.S. accuses Massachusetts hedge fund manager of fraud

BOSTON (Reuters) - A Massachusetts hedge fund manager has been arrested and accused of misappropriating millions of dollars from investors and engaging in a Ponzi-like scheme, U.S. authorities said.