MADRID - Barclays' sale of its Spanish banking business to Caixabank looks set to mark the end of a hectic first round of consolidation in the country's finance industry as it emerges from the financial crisis.
Fri, Aug 29 2014
LONDON - Royal Bank of Scotland's private bank Coutts has set aside 110 million pounds to compensate thousands of customers for unsuitable investment advice, a person familiar with the matter told Reuters on Friday.
NEW YORK - Bill Gross's Pimco Total Return Fund, the world's largest bond fund, rose about 1.1 percent in August to beat 76 percent of its peers, preliminary Morningstar data showed on Friday.
Speculators turned net bullish on U.S. 10-year Treasury note futures for the first time in 12 months as the bond market rallied this week on falling yields in Europe and safe-haven bids tied to the escalating conflict in Ukraine, according to Commodity Futures Trading Commission data released on Friday.
NEW YORK - Investors worldwide poured $5 billion into stock funds and $1 billion into high-yield bond funds in the week ended Aug. 27, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
ZURICH - Swiss private bank Notenstein is to buy the client assets of Landesbank Baden-Wuerttemberg's (LLBW) Swiss wealth management arm, it said on Friday, in the continuing gradual consolidation of the Swiss banking sector.
Thu, Aug 28 2014
NEW YORK - Investors in U.S.-based funds poured $6.1 billion into stock funds and $672 million into high-yield bond funds in the week ended Aug. 27 on continued appetite for risk assets, data from Thomson Reuters' Lipper service showed on Thursday.
TOKYO - As Japanese families gathered earlier this month for the traditional "Obon" festival honoring ancestors, some elderly parents broached an awkward but increasingly critical topic: planning for inheritance.
SINGAPORE - There's an eerie silence at night in Sentosa Cove, the man-made island resort billed as Singapore's answer to Monte Carlo and the only place in the country where foreigners can buy landed property.
- A former broker for a unit of LPL Financial LLC accused of diverting clients' funds for his personal expenses has been ordered by a federal judge to pay more than $1.9 million in civil sanctions.
Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.