Money News
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Senators seek Labor Department probe of Wells Fargo
WASHINGTON (Reuters) - Eight U.S. Democratic senators asked the Labor Department on Thursday to launch a probe into whether Wells Fargo
may have violated wage and working hour laws by failing to pay overtime to tellers and sales representatives who stayed late to meet sales quotas. -
Column: Can insider trading case at SCOTUS help Leon Cooperman?
NEW YORK (Reuters) - On Oct. 5, the U.S. Supreme Court will hear oral arguments on a question that has created considerable confusion in lower courts: When the government claims a corporate outsider has profited from trading illegally on inside information, what must it prove about the motive of the insider who supplied the tip?
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U.S. House panel to hold hearing on Wells Fargo accounts scandal
(This September 21 story has been refiled to correct first paragraph to say "as many as 2 million" not "2 million")
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JPMorgan tops investment bank table again, top five all U.S. banks
LONDON (Reuters) - JPMorgan retained its place at the top of the global investment bank rankings in the first half of this year despite a fall in revenues, while Deutsche Bank's troubles ensured the top five were all U.S. banks, new data on Friday showed.
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Clinton proposes 65 percent tax on U.S. billionaire estates
WASHINGTON (Reuters) - Democratic U.S. presidential nominee Hillary Clinton on Thursday proposed raising taxes on inherited property to 65 percent for the largest estates as she bolstered plans for tax hikes on the wealthiest Americans.
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U.S. judge throws out Madoff $3 billion feeder fund lawsuit
NEW YORK (Reuters) - A U.S. judge has again thrown out a $3 billion lawsuit by investors in two "feeder funds" that sent money to Bernard Madoff, one of the largest lawsuits tied to his Ponzi scheme, after her original dismissal had been overturned.
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Savers’ fault is in R-star
(Reuters) - The neutral interest rate to keep the economy in balance, R-star, is in hot debate among economists and central bankers as secular stagnation seems to have driven it lower.
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Harvard's endowment loses 2 percent as stock bets fueled decline
BOSTON (Reuters) - Harvard University's investment arm, which oversees America's largest endowment, on Thursday said its portfolio lost 2 percent during the 2016 fiscal year, marking the single largest yearly decline since the financial crisis.
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U.S.-based Treasury funds attract most new cash since February: Lipper
NEW YORK (Reuters) - Investors poured $1 billion into U.S. Treasury funds in the week ended Sept. 21, the funds' biggest inflows since mid-February, as the Federal Reserve left interest rates unchanged, data from Thomson Reuters' Lipper service showed on Thursday.
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Reduce 'huge sums' paid to VW bosses, says activist investor TCI
LONDON (Reuters) - Volkswagen
