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Thursday, September 21, 2017

Wells Fargo CEO to testify before Senate banking panel on October 3

WASHINGTON (Reuters) - Wells Fargo Chief Executive Tim Sloan is due to testify before the Senate Banking Committee on Oct. 3, sources familiar with the scheduled meeting said.

Latest Republican assault on healthcare would punish older Americans

CHICAGO (Reuters) - The Republicans’ battle to repeal Obamacare is starting to look less like warfare and more like a game of whack-a-mole.

Three tips for smart dividend ETF plays

NEW YORK(Reuters) - Pop quiz: What percentage of long-term stock market returns are thanks to the humble dividend? Five? 10? 20?

Ackman targets retail investors in ADP proxy contest

BOSTON (Reuters) - Billionaire hedge fund manager William Ackman, whose firm owns an 8.3 percent stake in Automatic Data Processing Inc , is turning up the heat in his proxy war for the human resources outsourcing company by targeting an often-ignored but influential group of people - retail investors.

U.S. expects Madoff $4 billion fund payout to start this year

NEW YORK (Reuters) - The U.S. government expects this year to begin payouts from a $4 billion fund for Bernard Madoff's victims, ending their nearly nine-year wait to begin recouping losses from his Ponzi scheme.

ECB to wind down stimulus starting early 2018: BlackRock's Rieder

NEW YORK (Reuters) - BlackRock Inc portfolio manager Rick Rieder said on Wednesday that investors should look for the European Central Bank to withdraw some of its stimulus beginning early next year.

Stockpicking mutual fund managers try new bet: themselves

NEW YORK (Reuters) - Active mutual fund managers are decreasing the use of passive exchange-traded funds in their portfolios, a shift that leaves more of their performance numbers up to their own investment picks.

Wells Fargo's lone outsider aims to clean up bank's reputation

NEW YORK (Reuters) - Before a sales scandal upended its reputation, Wells Fargo & Co was something of a proud outsider in Washington and on Wall Street compared to its big bank peers.

College savings in 529 plans may be worth less than hoped

CHICAGO (Reuters) - Parents who are counting on savings in 529 plans to pay for college this year or next could be in for an unpleasant surprise.

Getting your kid to bank summer earnings

NEW YORK (Reuters) - Linda Rogers' father set her up for retirement when she was just a teenager.