Top executive resigns from Cohen's Point72 after lawsuit, fundraising
(Reuters) - Douglas Haynes has resigned as president of Point72 Asset Management LP, a spokeswoman for billionaire Steven Cohen's investment firm said on Sunday, as the company and Haynes face a lawsuit claiming women are subject to a hostile working environment.
Ten years after crash, Americans still have not fallen back in love with stocks
NEW YORK (Reuters) - Luke Thomas, 44, an information technology field manager who lives in Miami, began investing in the U.S. stock market in his early 20s, attracted by the prospect of learning “how to grow a little bit of money into a lot,” he said.
A decade later, three lessons from the financial crisis
(The writer is a Reuters contributor. The opinions expressed are his own.)
Merrill Lynch keeps approach despite U.S. fiduciary rule changes: memo
NEW YORK (Reuters) - The head of Bank of America's Merrill Lynch wealth management said the firm remains committed to its approach in light of an appeals court's decision to overturn an Obama-era regulation, according to an internal memo viewed by Reuters on Friday.
Trade body urges EU to scrap changes to supervision of funds
LONDON (Reuters) - A major revamp of how investment funds are managed and regulated in Europe appears to be aimed at taking business from Britain and should be scrapped because there is no evidence it is needed, leading international trade body ICI Global said.
State Street's Kumar wants answers on shareholder rights
BOSTON (Reuters) - State Street Corp
wants answers from companies that lack such things as independent board leaders or equal voting rights for investors, a top executive at the asset manager said, which could spell weaker support for some companies whose shares it controls.
White House seeks to make personal income tax cut permanent
WASHINGTON (Reuters) - The Trump administration and Republicans in Congress are seeking to make temporary personal income tax cuts passed last year permanent, White House spokesman Raj Shah said on Thursday, adding they could also lower capital gains tax rates.
U.S. appeals court voids Obama-era 'fiduciary rule'
(Reuters) - A federal appeals court on Thursday voided the U.S. Department of Labor's "fiduciary rule," an Obama administration measure adopted in 2016 meant to curb conflicts of interest among providers of financial advice to Americans planning for retirement.
French regulator asks UK funds about Brexit plans
LONDON (Reuters) - France's financial markets regulator said on Thursday it had written to British-based investment firms active in the country and French firms with UK clients to ask about their preparations for Brexit.
Goldman Sachs sees reshaping of industries driving M&A
NEW ORLEANS (Reuters) - Major shifts in industries ranging from semiconductors and food to beverages and pharmaceuticals will keep fueling the blistering pace of mergers and acquisitions, one of Goldman Sachs Group Inc's top dealmakers said on Thursday.