U.S. Treasury yields rose on Wednesday, a day that saw a flood of supply and on optimism for progress in U.S.-China trade negotiations that begin in Washington on Thursday.
Investors retreated from the U.S. stock market by unloading nearly $11.8 billion from mutual funds and exchange traded funds that hold domestic equities last week, as concerns about the strength of the U.S. economy mounted, according to data released by the Investment Company Institute on Wednesday.
Exxon Mobil Corp has appointed Bank of America Merrill Lynch to run the sale of its Malaysian oil and gas assets as the U.S. firm accelerates a vast disposal program, banking and industry sources said.
NEW YORK (Reuters)<?xml version="1.0" encoding="utf-16"?> - Sionic has hired James Monahan from Morgan Stanley to run the consulting firm's new global asset servicing team, according to a statement on Tuesday.
Swiss banks will have to shift more operations to the European Union if Switzerland fails to secure a treaty with the trading bloc, Geneva private bankers said on Tuesday.
German real estate lender Aareal said on Monday it had embarked on a strategic review following calls from an activist investor to consider the sale of its software unit Aareon.
Schroders Personal Wealth (SPW), a joint venture between Schroders and Lloyds Banking Group, said on Monday it has appointed former IG Group executive Peter Hetherington as chief executive officer.
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