UBS slashes threshold for fee on euro deposits at Swiss bank

UBS Group will halve to 500,000 euros ($559,900) its threshold for charging a 0.6% deposit fee on euro accounts at its Swiss banking unit, Switzerland's largest lender said on Tuesday.

British lender Glenhawk names business development manager

British lender Glenhawk on Monday named Peter Turner business development manager.

Citi names head of EMEA commercial banking

Citigroup Inc on Monday named Raymond Gatcliffe as head of commercial banking for Europe, the Middle East and Africa (EMEA).

U.S. tariff threat may compound Apple's iPhone woes: BofA

Apple Inc could see a hit to its annual earnings from U.S. President Donald Trump's newly proposed 10% tariff on Chinese imports from Sept. 1, analysts from Bank of America Merrill Lynch said on Friday.

JPMorgan set for historic majority stake in China funds JV: sources

JPMorgan was on Friday poised to become the first foreign company to hold a majority stake in a Chinese mutual fund business, two sources said, setting a precedent that one analyst said would trigger a wave of similar transactions.

When financing retirement, balance emotion and math

With the U.S. Congress poised to pass a bill allowing annuities to be offered in mainstream 401(k) plans, Americans soon will be asking a lot of questions about these financial products that provide guaranteed lifetime income for an upfront investment.

What a Fed rate cut means for your wallet

The U.S. Federal Reserve's decision on Wednesday to lower interest rates may do little to cut some of the costs that matter to many consumers.

Record highs in U.S. stock market not enough to attract fund investors

Investors retreated from the U.S. stock market last week despite the benchmark S&P 500 reaching new record highs, pulling nearly $9.1 billion from mutual funds and exchange-traded funds that hold domestic stocks, according to data released Wednesday by the Investment Company Institute.

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