Reuters - Money

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Friday, May 26, 2017

Wells Fargo ups recruitment bonuses to grow brokerage ranks

(Reuters) - Wells Fargo & Co will offer more money in recruitment bonuses to financial advisers after competitors announced plans to pull back from recruiting, two people familiar with the matter said on Thursday.

Funds to cut fixed income research as EU rules shake up sector

LONDON (Reuters) - New rules on pricing investment research are shaking up the European fixed income, currency and commodity (FICC) industry, with many funds planning to scale back or ditch a service that banks use to drum up business.

Traders trim view on U.S. rate hikes after Fed minutes

NEW YORK (Reuters) - U.S. interest rate futures ended higher on Wednesday as traders scaled back bets on two more rate increases by the end of 2017 following the Federal Reserve's release of its May 2-3 policy meeting minutes.

Fund managers exhibit skill, hurt by extra work: James Saft

(Reuters) - Fund managers may show genuine and long-lasting skill, but do more poorly as the good ones are piled with responsibilities.

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.

Citi narrowly tops annual FX traders ranking

LONDON (Reuters) - U.S. bank Citi held on to top spot in the foreign exchange industry’s main annual ranking of traders by volume on Wednesday despite losing around 2 percent in market share, results showed.

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.