Reuters - Money

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Tuesday, November 28, 2017

UBS exits recruiting pact, following Morgan Stanley

NEW YORK (Reuters) - UBS Group AG's Wealth Management Americas said on Monday it was quitting a 13-year-old recruiting agreement that ended the practice of suing brokers who quit for jobs at competing firms, following a similar move by rival Morgan Stanley last month.

New ETF joins fight against sexual harassment in workplace

NEW YORK (Reuters) - A new exchange-traded fund is being introduced for investors who want their money kept far away from sexual harassment in the workplace.

U.S. Labor Department delays final part of fiduciary rule

NEW YORK (Reuters) - The U.S. Department of Labor issued an 18-month-delay on Monday for key parts of its retirement rule, including one that would require brokers to ask clients if they feel that accounts that charge commissions are in their best interests.

France cuts cost of sacking traders to lure banks post-Brexit

PARIS (Reuters) - The French parliament has approved measures to cut the cost of sacking traders by excluding their bonuses from compulsory redundancy payouts, in a move aimed at luring banks' trading activities to Paris as Britain leaves the European Union.

Your Money: Uncertain future for those counting on medical deductions

NEW YORK (Reuters) - At a retirement community near Chicago, Jay Schachner and his friends are nervously awaiting the fate of their medical expenses amid U.S. tax overhaul.

U.S. bond fund investors stirred, not shaken

NEW YORK (Reuters) - U.S. fund investors pumped millions into bond funds for a 50th straight week, the Investment Company Institute (ICI) said on Wednesday, showing that caution in recent weeks may not portend a flight from debt generally.

Your Money: Gear up for a big year of giving

CHICAGO (Reuters) - If proposed tax overhaul changes are adopted, giving to charity for tax reasons will no longer be as valuable for most people as it is this year.

Citi hit with $6.5 million in U.S. fines over student loans

WASHINGTON (Reuters) - The U.S. Consumer Financial Protection Bureau (CFPB) said on Tuesday it had ordered Citibank to pay $6.5 million for allegedly harming borrowers with student loan servicing failures.

Paris watchdog win bolsters its fight for Brexit banks

PARIS/LONDON (Reuters) - The surprise decision to move the European Banking Authority to Paris will boost its chances of attracting London banks after Brexit, French officials said on Tuesday.

Sovereign funds pull $3.7 billion from global stock, bond markets in third quarter

LONDON (Reuters) - Sovereign wealth funds (SWFs) withdrew more money from global stock and bond markets in the third quarter of 2017, albeit at a slower pace with net outflows of $3.7 billion, data from research firm eVestment showed on Thursday.