NEW YORK (Reuters) – U.S.-based money market funds posted $51 billion of net outflows for the week ended Wednesday, the largest cash withdrawal since 2011 and the seventh largest ever, according to Lipper data on Thursday. FILE PHOTO: U.S. Dollar…
(Reuters) – Wells Fargo & Co (WFC.N) said Monday it is considering restructuring and possibly combining two of its retail brokerage businesses, a move to increase efficiency among the two legacy units. FILE PHOTO: A Wells Fargo branch is seen…
NEW YORK (Reuters) – The head of Bank of America Corp’s Merrill Lynch Wealth Management on Friday said the firm is reconsidering an internal policy from 2017 that banned advisers from opening new retirement accounts that paid them commissions, according…
NEW YORK (Reuters) – The recent selloff in emerging markets has provided investment opportunities not seen in years, Jeffrey Gundlach, executive of DoubleLine Capital, said on Tuesday, and he urged moving at least some money into emerging market bonds. FILE…
BOSTON (Reuters) – Vanguard Group Inc raised a profit-sharing dividend for employees by 16.5 percent for 2017, the largest increase since 1997, an investment adviser who follows the largest mutual fund company said on Friday. Daniel Wiener, who also runs…
(Reuters) – Billionaire investor Carl Icahn has acquired a small stake in Allergan Plc (AGN.N) at a time when the drugmaker is under pressure from other activist shareholders, people familiar with the matter said on Wednesday. FILE PHOTO: Billionaire activist-investor…
NEW YORK (Reuters) – U.S. insurer Lincoln National Corp could deliver shareholder returns of 20 percent or more in the coming year, as the market for the company’s main product, variable annuities, recovers, Barron’s reported. Demand for variable annuities, a…
CHICAGO (Reuters) – Fewer Americans are asking Social Security to “show me the money” as soon as possible. A resident at the Greenspring Village Community in Springfield, Virginia holds a “Wiimote” as he plays with the community’s Wii videogame console…
CHICAGO (Reuters) – In September, the federal government will mail a handbook on Medicare enrollment to 43 million households. “Medicare & You” is an important, authoritative source on a wide array of plan options for the annual enrollment period that…
NEW YORK (Reuters) – Study after study shows that money stress can be as bad for workplace productivity as back pain. The latest study, released by PwC on Tuesday, found that a quarter of U.S. workers said financial worries caused…
