Wednesday 28 June 2017

Reuters Money: June 28, 2017

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Wednesday, June 28, 2017
California moves forward on letting customers sue banks, inspired by Wells Fargo
WASHINGTON (Reuters) - California took another step on Tuesday toward allowing state residents to sue financial institutions for fraud, rather than letting banks force customers to settle disputes in arbitration, as a bill inspired by last year's Wells Fargo scandal passed a key Assembly committee.
YOUR MONEY: Sharing family getaways without any cottage conflicts
NEW YORK(Reuters) - Picture it: 40 picturesque acres nestled in Wisconsin lake country.
Hedge fund executive Scaramucci lands post at Export-Import Bank: source
BOSTON (Reuters) - Hedge fund industry executive Anthony Scaramucci, an advisor to U.S. President Donald Trump, has been named chief strategy officer of the U.S. Export-Import Bank, a source familiar with the appointment said on Tuesday.
Your money: How many college savings buckets do you need?
NEW YORK (Reuters) - Like many financially savvy parents, Jim Stehr started a college savings account for his son at birth. When Stehr's second and third children came along, he opened accounts for them too.
World's first ATM machine turns to gold on 50th birthday
LONDON (Reuters) - Five decades since it heralded a transformation in the way people obtained and used cash, the world's first ATM was turned into gold for celebrations of its fiftieth anniversary.
Bitcoin exchange operator tied to hacks gets five-and-a-half years U.S. prison
NEW YORK (Reuters) - A Florida man was sentenced on Tuesday to 5-1/2 years in prison after pleading guilty to operating an illegal bitcoin exchange suspected of laundering money for hackers and linked to a data breach at JPMorgan Chase & Co.
MacNaughton to join UBS as head of HY trading
NEW YORK (Reuters) - Robert MacNaughton is joining UBS as managing director and head of high-yield trading, according to a source familiar with the matter.
A&M adds new senior director to disputes and investigations unit
(Reuters) - Professional services firm Alvarez & Marsal named Candus Hinderer as senior director of the company's disputes and investigations practice.
Meditating on life with hip-hop entrepreneur Russell Simmons
NEW YORK (Reuters) - If there is one American entrepreneur who seems to thrive across multiple industries and spanning different eras, it would have to be Russell Simmons.
Berkshire bulks up in real estate with Store Capital stake
NEW YORK (Reuters) - Berkshire Hathaway Inc has taken a nearly 10 percent stake in the real estate investment trust Store Capital Corp, adding to bets in the sector by the conglomerate controlled by billionaire Warren Buffett.
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