Money Headlines

Exclusive: Citi aims to boost equities franchise amid industry shakeout

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NEW YORK - Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according people familiar with the bank's plans.

1:15am EDT

BNY Mellon expects to fix pricing glitch before markets open

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- BNY Mellon Corp expects to fix the computer glitch that disrupted pricing of U.S. mutual funds and exchange-traded funds before markets open on Monday, its chief executive said.

Tech, Money 1:18am EDT

Fri, Aug 28 2015

Investors still in the dark as cyber threat grows

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LONDON/BOSTON - Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem.

Tech, Money, Cybersecurity, Davos 28 Aug 2015

BNY Mellon glitch roiled pricing on U.S. funds with $404 billion in assets

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- BNY Mellon Corp's computer glitch this week has disrupted pricing on nearly 5 percent of U.S. mutual funds and exchange-traded funds with about $404 billion in assets, according to data from Morningstar Inc and Lipper Inc.

28 Aug 2015

Athletes' habits die hard in new lives as financial pros

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- College and professional athletes may be clients financial advisers love to get, but many also find good homes on the other side of the desk.

28 Aug 2015

Traders see over 50 percent chance on October rate hike

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NEW YORK - Traders priced in a more than 1-in-2 chance the U.S. Federal Reserve would raise interest rates in October after Atlanta Federal Reserve President Dennis Lockhart suggested the Fed could consider such a move.

28 Aug 2015

Thu, Aug 27 2015

Ackman's hedge fund down 13.1 percent for August

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BOSTON - Hedge fund mogul William Ackman's Pershing Square Holdings portfolio fell 13.1 percent this month, leaving the fund down 4.3 percent for the year, the firm said on Thursday.

27 Aug 2015

Fri, Aug 28 2015

Schwab says online access for customers restored

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- Charles Schwab Corp said that customer access to online accounts was restored on Friday morning, just minutes before U.S. stock markets opened for trading.

28 Aug 2015

Hedge funds that crowded into same names likely to nurse losses

BOSTON - Hedge fund managers often promise to find stock ideas off the beaten path but this month many prominent players have been bloodied by doing exactly the opposite; betting on a small handful of popular names that sold off sharply in August.

28 Aug 2015

Thu, Aug 27 2015

Young workers in target-date funds hit hard by market drop

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CHICAGO - As the stock market has whipsawed over the past two weeks, young workers who have all their retirement funds tied up in long-range target-date funds may have been the hardest hit.

27 Aug 2015