Money Headlines

Fri, Apr 17 2015

Fed may allow banks to use muni bonds to meet liquidity rules: WSJ

Photo

- The U.S. Federal Reserve may allow big banks to use some municipal bonds to meet new liquidity rules that ensure they have enough cash during a credit crunch, the Wall Street Journal reported, citing people familiar with the matter.

17 Apr 2015

Sat, Apr 18 2015

Exclusive: Carlyle to shutter its two mutual funds

Photo

- Carlyle Group LP has decided to liquidate the two mutual funds it launched last year, regulatory filings showed this week, as the private equity firm seeks other ways to gain more traction with so-called liquid alternative funds.

18 Apr 2015

Fri, Apr 17 2015

U.S. companies use more of their bank credit lines in sign of confidence

Photo

NEW YORK - U.S. banks are reporting that companies are tapping more of their credit lines to fund hiring and expand their businesses, a promising sign for the economy.

17 Apr 2015

Exclusive: TPG appoints Sisitsky head of North American private equity - sources

- TPG Capital LP has named Todd Sisitsky its new North American private equity head, people familiar with the matter said on Friday, as the firm seeks to secure money from investors for its next flagship private equity fund with a target of $10 billion.

17 Apr 2015

CEO says BTG Pactual overseas expansion showcases diversification

SAO PAULO - Grupo BTG Pactual SA's push to grow outside Brazil is an attempt to seize opportunities created by the retreat of global investment banks, not the result of the economic woes plaguing its home market, Chief Executive Officer André Esteves said.

17 Apr 2015

Thu, Apr 16 2015

BlackRock's Fink favors equities in Europe over U.S.: CNBC

Photo

- BlackRock Inc's chief executive officer Larry Fink said on Thursday that he is bullish on European equities and believes that Europe's GDP will beat that of the U.S. in the first quarter.

16 Apr 2015

Betting on weaker oil price pays off for commodity funds in first-quarter: Lipper

LONDON - Commodity fund managers who outperformed their peers in the first quarter by shorting oil or underweighting the energy sector are expecting further weakness in energy in the second quarter but are waiting to see if oil prices bottom out.

16 Apr 2015

Hedge fund Engaged Capital seeks to replace three Rovi directors

- Engaged Capital LLC has written to Rovi Corp, which sells television guide programs to cable providers, seeking changes to the company's board.

16 Apr 2015

Boston investment adviser must pay couple $48.5 million: ruling

- A Boston investment management firm must pay $48.5 million in damages to a couple who were advised to invest in a Polish tobacco company that an arbitrator deemed "grossly unsuitable."

16 Apr 2015

U.S. judge finds Wells Fargo breached 2010 mortgage settlement

NEW YORK - Wells Fargo Bank breached a nationwide 2010 legal settlement involving adjustable-payment mortgages, a federal judge ruled, finding that the bank did not properly evaluate homeowners who applied for help to avoid foreclosures.

Photo

Key retirements mean a changing of the guard next year in U.S. Congress

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.