NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Wednesday
proposed a new rule that would require brokers at firms like Morgan
Stanley and Merrill Lynch Wealth Management to clearly explain the fees
investors pay and commissions brokers earn when giving financial
NEW YORK (Reuters) - Goldman Sachs analysts said on Thursday
concerns about a U.S. yield curve inversion among traders as an omen of
a looming recession are "overblown," though an inversion is often
followed by a 3 percent to 5 percent drop in the S&P 500.
YORK (Reuters) - A plan by U.S. regulators to test banning the rebates
stock exchanges pay to brokers that provide liquidity, in an effort to
reduce potential conflicts of interest, will ultimately harm investors,
the president of exchange operator Cboe Global Markets said on Wednesday.
YORK (Reuters) - Martin J. Whitman, the founder of New York-based
investment firm Third Avenue Management and known for his "safe and
cheap" value-investing strategy, died Monday evening at 93, the firm announced on Tuesday.
YORK (Reuters) - Wells Fargo & Co's two biggest competitors have
been nabbing market share in lending to commercial and industrial
customers in the American heartland, a sign of how difficult it has
become for the scandal-tarnished bank to defend its position against
YORK (Reuters) - The biggest stock-picking fund at BlackRock Inc raised
its bet on Facebook Inc in March, a source familiar with the matter
said, making the social media company a top 10 equity holding and
apparently betting that Facebook's privacy scandal will not weigh on the
stock for long.