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Mar 20, 2018

REUTERS MONEY | From Wall Street to weed: How the financial crisis lit up the pot industry.


                                                                            

Reuters Money

Make sense of the market.

From Wall Street to weed: How the financial crisis lit up the pot industry

NEW YORK (Reuters) - As a senior vice president at Wachovia and then Morgan Stanley during the dark months of the 2008 and 2009 financial crisis, Derek Peterson watched as colleagues lost their jobs and life savings and wondered if he was next.

Goldman Sachs adds LPL Financial to its securities-lending business

NEW YORK (Reuters) - Goldman Sachs Group Inc has signed LPL Financial Holdings, the largest U.S. independent broker-dealer by revenue, to its securities-based lending platform, the bank said on Tuesday.

Ghana to name four lead advisors for $2.5 billion Eurobond sale

ACCRA (Reuters) - Ghana is set to name four banks as lead advisers for a planned sale of up to $2.5 billion of Eurobonds, expected by June, sources close to the transaction said on Tuesday.

U.S. 3-month LIBOR/OIS spread widest since May 2009

NEW YORK (Reuters) - A gauge of stress in the U.S. money markets climbed to its highest level in nearly nine years on Tuesday on concerns about growing costs for banks and other companies to borrow dollars and further interest rate increases from the Federal Reserve.

U.S. SEC awards Merrill Lynch whistleblowers a record $83 million

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission has awarded a record $83 million to three whistleblowers tied to a 2016 settlement with Bank of America Corp’s Merrill Lynch brokerage unit, the whistleblowers' attorney said on Monday.

Your Money: Perks galore rule the new economy of babysitting

(The writer is a Reuters contributor. The opinions expressed are his own.)

ECB, BOJ seen holding rates as Fed plows ahead: Bank of America Merrill Lynch

NEW YORK (Reuters) - The European Central Bank and Bank of Japan are about three years behind the Federal Reserve in policy normalization as inflation in Europe and Japan will likely stay below their 2 percent target in the foreseeable future, Bank of America Merrill Lynch said on Monday.

Top executive resigns from Cohen's Point72 after lawsuit, fundraising

(Reuters) - Douglas Haynes has resigned as president of Point72 Asset Management LP, a spokeswoman for billionaire Steven Cohen's investment firm said on Sunday, as the company and Haynes face a lawsuit claiming women are subject to a hostile working environment.

Ten years after crash, Americans still have not fallen back in love with stocks

NEW YORK (Reuters) - Luke Thomas, 44, an information technology field manager who lives in Miami, began investing in the U.S. stock market in his early 20s, attracted by the prospect of learning “how to grow a little bit of money into a lot,” he said.

A decade later, three lessons from the financial crisis

(The writer is a Reuters contributor. The opinions expressed are his own.)

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