Reuters: Money

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Rising Medicare costs leave many U.S. seniors with a flat COLA 20 Nov 2017, 12:44 pm

CHICAGO (Reuters) - Millicent Graves will get a raise from Social Security next year, but her household budget will get worse, not better.

Prospect of post-Brexit boom sparks worry as well as celebration in Frankfurt 20 Nov 2017, 9:56 am

FRANKFURT (Reuters) - The prospect of bankers pouring into Frankfurt from post-Brexit Britain has worried local residents anxious about the effect on an already dire housing shortage but also...

Economist Dan Ariely has a fix for our financial foibles 20 Nov 2017, 8:51 am

NEW YORK(Reuters) - No offense, but you are probably dumb with money.

Global banks flag concerns over U.S. Senate tax proposal 17 Nov 2017, 6:34 pm

WASHINGTON (Reuters) - Global banks raised concerns on Friday over a provision in the U.S. Senate tax bill aimed at cracking down on tax avoidance by multinational corporations that they said could...

Wells Fargo consumer lending head axed after disparaging regulators: source 17 Nov 2017, 5:41 pm

NEW YORK/WASHINGTON (Reuters) - Wells Fargo & Co announced on Friday it fired its head of consumer lending, a move that people familiar with the matter said was because he disparaged a bank regulator...

Hedge fund bet on Glencore backfires with $100 million loss 17 Nov 2017, 9:22 am

LONDON (Reuters) - London hedge fund giant Lansdowne Partners lost $100 million from a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise. ...

China sets sweeping new rules to regulate $15 trillion asset management products 17 Nov 2017, 6:03 am

BEIJING (Reuters) - China's central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country's...

U.S. junk bond funds post fourth-biggest week of outflows ever: Lipper 16 Nov 2017, 6:22 pm

NEW YORK (Reuters) - U.S. fund investors walloped high-yield funds with their biggest week of withdrawals since March, Lipper data showed on Thursday.

Mistrial in NY corruption case against union chief, hedge fund executive 16 Nov 2017, 4:34 pm

NEW YORK (Reuters) - A U.S. judge on Thursday ordered a mistrial in the corruption case against the former head of New York City's correction officers' union and a co-founder of the now-defunct hedge...

Barnes & Noble says investor's plan to take it private not 'bona fide' 16 Nov 2017, 4:27 pm

(Reuters) - Barnes & Noble Inc said on Thursday a deal proposed by an activist investor to take the bookstore chain private was not "bona fide" as its chairman and founder, Leonard Riggio, would not...

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