Reuters - Money

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Monday, August 21, 2017

Vontobel to buy eastern European private banking portfolio from Notenstein

ZURICH (Reuters) - Swiss bank Vontobel has agreed to buy a roughly 2 billion Swiss franc ($2.1 billion) portfolio of eastern European private banking clients from Notenstein La Roche Private Bank Ltd, it said on Monday.

Doubling Down: Leveraged ETFs offer promise - and danger

NEW YORK (Reuters) - In a volatile market, boring investments can be pretty darn sexy. That is why investors have plowed more than $4 trillion into exchange-traded funds, according to London-based research firm ETFGI.

Frankfurt and Dublin make bankers feel wanted in battle for Brexit jobs

LONDON/DUBLIN (Reuters) - "I'm here to send you the regards of the Federal Chancellor. I am entitled to tell you we want you in Germany." This private message from Angela Merkel, delivered by a regional politician to Wall Street bankers last year, is having the desired effect.

Exclusive: SEC officials' holdings, legal work, pose potential conflicts

WASHINGTON (Reuters) - Two lawyers appointed to senior jobs at the U.S. Securities and Exchange Commission have ties to major companies including financial firms Goldman Sachs Group Inc and Wells Fargo & Co that could complicate efforts to regulate them, according to government documents viewed by Reuters.

Ackman says owned stake in Hilton, a previously unnamed bet

BOSTON (Reuters) - Investor William Ackman said on Wednesday his hedge fund had bought and sold a stake in Hilton Worldwide Holdings, identifying the portfolio company that recently earned him a double digit return.

BlackRock's largest mutual fund boosts energy holdings: manager

NEW YORK (Reuters) - BlackRock Inc's largest mutual fund hiked its exposure to "select names" in energy as the sector has lagged this year, one of its portfolio managers said on Thursday.

Deutsche Bank, Bank of America settle agency bond rigging lawsuits

NEW YORK (Reuters) - Deutsche Bank AG and Bank of America Corp agreed to pay a combined $65.5 million to settle investor litigation accusing large banks of rigging the roughly $9 trillion government agency bond market over a decade.

U.S. money market assets increased in latest week: iMoneyNet

NEW YORK (Reuters) - U.S. money market fund assets increased by $14.51 billion to $2.673 trillion in the week ended Aug 15, the Money Fund Report said on Wednesday.

U.S. high-yield fund withdrawals largest since March: Lipper

NEW YORK (Reuters) - Investors recoiled during a turbulent week for markets, pulling the most cash from high-yield bond funds since March and billions more from stock funds, Lipper data for U.S.-based funds showed on Thursday.

Libor-tracking investments hit U.S. exchanges; complexity a worry

NEW YORK (Reuters) - Investors who place wagers on the direction of interest rates got a new set of U.S.-listed investment products on Wednesday, but their complexity may prove an obstacle to them gaining broad acceptance.