Divided SEC adopts mortgage rule, decries lax lending (Wed, 22 Oct 2014 20:47:54 GMT)
WASHINGTON (Reuters) - U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks...
Fidelity star manager cuts Herbalife bet in third quarter (Wed, 22 Oct 2014 19:29:01 GMT)
BOSTON (Reuters) - One of Fidelity Investments' top stock pickers cooled on Herbalife Ltd in the third quarter, cutting his stake in the company after a profit miss and fresh allegations from...
German bank HSH currently set to pass ECB health check (Wed, 22 Oct 2014 18:43:09 GMT)
FRANKFURT (Reuters) - German lender HSH Nordbank, long seen at risk of failing European Central Bank tests of its financial stability, is currently set for a clean bill of health, three financial...
U.S. Bank names Thanh Nguyen vice president, private banker (Wed, 22 Oct 2014 17:40:06 GMT)
(Reuters) - U.S. Bank Wealth Management, a unit of U.S. Bancorp, named Thanh Nguyen vice president, private banker for its Private Client Reserve in Denver.
Janney Montgomery hires team of advisers from JPMorgan (Wed, 22 Oct 2014 17:24:08 GMT)
(Reuters) - Janney Montgomery Scott LLC, a provider of wealth management and investment banking services, said it hired a team of financial advisers from JPMorgan Chase & Co.
Putnam's Salm stays with successful bet on mortgages (Wed, 22 Oct 2014 16:19:43 GMT)
BOSTON (Reuters) - U.S. consumers are a better bet than their government, says Putnam Investments' Michael Salm.
U.S.-based stock funds post $5.8 billion outflows in latest week: ICI (Wed, 22 Oct 2014 15:59:34 GMT)
NEW YORK (Reuters) - Investors in U.S.-based mutual funds pulled $5.8 billion out of stock funds in the week ended Oct. 15 on concerns about global economic growth and fears over the spread of Ebola,...
U.S.-based stock funds post $5.8 billion outflows in latest week: ICI (Wed, 22 Oct 2014 14:09:36 GMT)
NEW YORK (Reuters) - Investors in U.S.-based mutual funds pulled $5.8 billion out of stock funds in the week ended Oct. 15, marking their biggest outflows since the week ended July 2, data from the...
Lufthansa says winter capacity to rise by 2.9 percent (Wed, 22 Oct 2014 12:22:24 GMT)
BERLIN (Reuters) - Lufthansa said it will be offering 2.9 percent more seats for the 2014/2015 winter schedule, a slight increase on previous plans for a 2 percent increase.
Air freight outlook improves, annual growth of 4.1 percent seen: IATA (Wed, 22 Oct 2014 09:51:47 GMT)
BERLIN (Reuters) - The outlook for air freight demand is improving after several years in the doldrums, the International Air Transport Association said on Wednesday.
Carl Icahn says high-yield 'junk' bond market in a bubble: CNBC (Tue, 21 Oct 2014 21:58:40 GMT)
NEW YORK (Reuters) - Billionaire activist investor Carl Icahn said on Tuesday he thinks the high-yield "junk" bond market is still in a bubble despite the asset class's recent selloff.
Ford Motor says will drop Pimco Total Return Fund from its 401k plan (Tue, 21 Oct 2014 21:30:00 GMT)
NEW YORK (Reuters) - Ford Motor Co said on Tuesday the company will drop the Pimco Total Return Fund from its 401k plan as a result of the sudden departure of Bill Gross.
Raymond James to offer commission-free ETFs to investment advisers (Tue, 21 Oct 2014 20:28:40 GMT)
NEW YORK (Reuters) - Raymond James Financial Inc is preparing to offer exchange-traded funds free of transaction fees, ratcheting up its competition for assets against similar programs in place at...
Third Point's Loeb urges breakup of biotech company Amgen (Tue, 21 Oct 2014 20:23:52 GMT)
BOSTON (Reuters) - Hedge fund manager Daniel Loeb told investors on Tuesday he urged U.S. biotechnology company Amgen Inc to split into two separate businesses, a move he said could boost its share...
What Minecraft is teaching your kids about money (Tue, 21 Oct 2014 18:13:15 GMT)
NEW YORK (Reuters) - If your kids are chattering non-stop about things like emeralds, pickaxes and creepers, you may have a unique opportunity to turn a video game addiction into a life lesson about...
U.S. Fed awards record amount of term deposits (Tue, 21 Oct 2014 17:34:57 GMT)
NEW YORK (Reuters) - The Federal Reserve awarded a record amount of seven-day term deposits to banks at a test auction held on Monday, it said in a statement on Tuesday.
Wall Street watchdog fires back in ex-official's termination lawsuit (Tue, 21 Oct 2014 17:24:36 GMT)
(Reuters) - Wall Street's industry-funded watchdog is fighting back against a former official who alleged a range of bad behavior in the arbitration unit of the firm's Boca Raton, Florida, office,...
Head of municipal securities office at U.S. SEC to leave agency (Tue, 21 Oct 2014 16:47:01 GMT)
WASHINGTON (Reuters) - The director of the office of municipal securities at the Securities and Exchange Commission, John Cross, will leave his post in November to return to the U.S. Treasury Office...
The tax hit that loyal investors will take in 2014 (Tue, 21 Oct 2014 16:16:46 GMT)
NEW YORK (Reuters) - If you are the kind of steadfast investor who buys a mutual fund and holds it forever, prepare to pay for your loyalty next April, when you settle up your 2014 tax bill.
Allergan says it stands by statements on Valeant (Tue, 21 Oct 2014 15:53:38 GMT)
BOSTON (Reuters) - Allergan Inc said on Tuesday it saw no evidence to support claims by hostile suitors Valeant Pharmaceuticals and hedge fund Pershing Square Capital Management that its chief...
Neutral sentiment on U.S. Treasuries at five-month high: J.P. Morgan (Tue, 21 Oct 2014 14:18:35 GMT)
NEW YORK (Reuters) - The share of investors who are neutral on U.S. longer-dated Treasuries rose to a five-month high as fears about slowing global growth triggered a massive exit out of bearish bond...
IBM and the financial engineering economy: James Saft (Tue, 21 Oct 2014 13:25:31 GMT)
(Reuters) - IBM’s woes are interesting not simply because they tell us about the economy, but because they reveal broader truths about how, and for whom, companies are run.
Ackman, Valeant lawyers say Allergan CEO oversaw campaign to discredit Valeant (Tue, 21 Oct 2014 03:52:42 GMT)
BOSTON (Reuters) - Billionaire investor William Ackman, whose fund is the largest shareholder in Allergan Inc., and Valeant Pharmaceuticals said the botox maker's Chief Executive Officer David Pyott...
Fidelity Contrafund loads up on Facebook and it pays off (Mon, 20 Oct 2014 17:51:23 GMT)
BOSTON (Reuters) - The $108 billion Fidelity Contrafund continues to have a big appetite for Facebook Inc's stock, adding to its position in the social media company during the third quarter and...
SunEdison shares rise on report of Einhorn recommendation (Mon, 20 Oct 2014 17:49:39 GMT)
NEW YORK (Reuters) - SunEdison Inc's shares shot higher on Monday and its options activity spiked up following a report that Greenlight Capital Inc's David Einhorn recommended the stock at a...
September 4th 2014
Our I B S C system (Inter Bank Secured Communication) is now active.
September 3rd 2014
Our new web site: www.tagbankers.com is now active
September 3rd 2014
We are pleased to announce our incorporation in England.
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