Trump kills class-action rule against banks, lightening Wall Street regulation

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Thursday, November 2, 2017

Trump kills class-action rule against banks, lightening Wall Street regulation

WASHINGTON (Reuters) - President Donald Trump signed a Congressional resolution on Wednesday that lets banks block customers from filing class action lawsuits, partly delivering on his election campaign promise to lighten U.S. financial regulation.

TransferWise raises $280 million from Old Mutual, IVP and others

NEW YORK (Reuters) - London-based startup TransferWise has raised $280 million in a funding round led by asset manager Old Mutual Global Investors and Silicon Valley venture capital firm IVP.

Japanese stocks, long shunned, attract billions of foreign dollars

NEW YORK/TOKYO (Reuters) - Japan is shaking off currency gains that typically punish its stocks, enticing foreign investors including Goldman Sachs Group Inc and BlackRock Inc, which are pumping billions of dollars into the country's equities.

First jobs: How to prepare for a life of giving away money

NEW YORK (Reuters) - From multiple hurricanes to earthquakes, wildfires and refugee crises, it seems there was a new humanitarian crisis at every turn in 2017.

You can earn a decent living without a four-year degree

CHICAGO (Reuters) - Despite images of shuttered factories and a chorus of high school voices chanting the virtues of college, you do not have to get a four-year degree to earn a decent living.

Ackman makes new bet against Herbalife with options

(Reuters) - William Ackman said on Wednesday he has bought options to sell shares of Herbalife Ltd as a new way to bet against the nutritional supplement company he has described as a pyramid scheme.

Investor demand boosts Canada maple bond outlook, case for index inclusion

TORONTO (Reuters) - A jump in maple bond issuance this year is improving chances the instruments will be added to a key benchmark debt index, with more foreign companies expected to tap the Canadian dollar debt market as investor interest in diversifying holdings drives demand, some fund managers said.

Fundsmith launching sustainable equity fund after charity success

LONDON (Reuters) - Fundsmith, the asset management company run by British stock-picker Terry Smith, said on Wednesday it was launching a fund to tap growing demand from institutional clients in sustainable investment.

CalSTRS reports its investment fees for second consecutive year

(Reuters) - The California State Teachers' Retirement System announced on Wednesday the total costs and fees paid to manage its investment portfolio for the second consecutive year.

U.S. fund investors favor stocks at home over peers abroad

NEW YORK (Reuters) - U.S. fund investors are starting to prefer their own market over alternatives abroad, pushing more cash into domestic than international stocks for the second week in a row, Investment Company Institute (ICI) data showed on Wednesday.

Trump kills class-action rule against banks, lightening Wall Street regulation

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