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Trade body urges EU to scrap changes to supervision of funds

A major revamp of how investment funds are managed and regulated in Europe appears to be aimed at taking business from Britain and should be scrapped because there is no evidence it is needed, leading international trade body ICI Global said.

State Street's Kumar wants answers on shareholder rights

State Street Corp wants answers from companies that lack such things as independent board leaders or equal voting rights for investors, a top executive at the asset manager said, which could spell weaker support for some companies whose shares it controls.

U.S. appeals court voids Obama-era 'fiduciary rule'

A federal appeals court on Thursday voided the U.S. Department of Labor's "fiduciary rule," an Obama administration measure adopted in 2016 meant to curb conflicts of interest among providers of financial advice to Americans planning for retirement.


Republicans to Trump: Let Mueller do his job

WASHINGTON Republican senators warned President Donald Trump on Sunday not to fire Special Counsel Robert Mueller, and said the president must let federal investigators looking into Russian meddling in the U.S. election do their jobs. | Video