Reuters - Money

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Wednesday, February 14, 2018

Trying to calm investors, Wells Fargo CEO stresses on stability

(Reuters) - Wells Fargo & Co Chief Executive Tim Sloan tried to deliver a message of consistency and stability at an investor event on Tuesday, less than two weeks after it disclosed a regulatory sanction related to a long-running sales scandal.

Got cash? Here is what to do with it now

While there is no return to the 5 percent money market yields savers got a decade ago, there is some relief.

Rising U.S. bond yields offer relief to corporate America's pension plans

NEW YORK (Reuters) - The swift rise in U.S. bond yields in February may be whipsawing some stock market portfolios but it may bring relief to corporate America's largest pension plans.

Norway wealth fund CEO to firms: allow independent directors on your boards

OSLO (Reuters) - Norway's $1 trillion sovereign wealth fund plans to be a vocal shareholder during the upcoming AGM season, pushing firms to disclose more non-financial data such as carbon emissions, and allow investors to nominate their own directors.

Q&A: Volatility creates opportunity in emerging markets - PGIM head

(Reuters) - The only thing abnormal that the head of Prudential Financial Inc's asset management unit sees in the recent burst of stock market volatility is that it had not happened sooner. PGIM Chief Executive Officer David Hunt, whose unit manages $1.2 trillion, spoke with Reuters about the opportunity it triggers and more.

Equity holdings in biggest one-month fall in two-years: BAML survey

LONDON (Reuters) - Global investors cut equity holdings by the most in two-years in February, a Bank of America Merrill Lynch survey showed on Tuesday, as world shares had their worst week since early 2016.

Mega buyout funds reshaping private equity industry

London (Reuters) - The relationship between private equity managers and investors is changing rapidly after the number of $5 billion buyout ‘megafunds’ jumped in 2017, according to McKinsey’s annual private markets report.

Rattled by U.S. fiscal, monetary tug-of-war, investors start looking abroad

NEW YORK (Reuters) - The worst week in the U.S. stock market in two years and benchmark 10-year Treasury yields hitting four-year highs are prompting fund managers to rethink their allocation plans.

Data overload: commodity hedge funds close as computers dominate

LONDON (Reuters) - "Chocfinger" made his name and his money by taking bold bets on cocoa markets. But after nearly four decades of trading, sometimes winning, sometimes losing, Anthony Ward threw in the towel.

Antidote to financial infidelity is honesty

NEW YORK (Reuters) - If you think infidelity only occurs between the sheets, think again.