Bhinneka News Online: U.S. investigating forex trading at Wells Fargo: WSJ

Monday 30 October 2017

U.S. investigating forex trading at Wells Fargo: WSJ

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Monday, October 30, 2017

U.S. investigating forex trading at Wells Fargo: WSJ

(Reuters) - Federal prosecutors are investigating foreign-exchange trading at Wells Fargo & Co and have subpoenaed information from the firm, the Wall Street Journal reported, citing people familiar with the matter.

SEC fines UBS $3.5 million for overcharging mutual fund customers

(Reuters) - UBS AG will pay a $3.5 million civil fine to settle U.S. Securities and Exchange Commission claims that it overcharged customers on mutual funds, the regulator said on Friday.

U.S. SEC close to forming group to scrutinize the bond market

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission has taken the first step in formally establishing an advisory committee to scrutinize the rules of the fixed income market and advise on potential reforms, according to a regulatory filing.

Activist investors scupper $20 billion Clariant-Huntsman merger

ZURICH (Reuters) - Swiss specialty chemicals maker Clariant and U.S. group Huntsman abandoned their $20 billion merger on Friday, notching a win for activist investors who fought the deal for months on the grounds it would destroy shareholder value.

Risky assets heading for best year: BAML

LONDON (Reuters) - Voracious investor appetite is set to make this by far the strongest year for inflows into stocks and corporate debt, Bank of America Merrill Lynch strategists said on Friday.

Global insurers look to raise rates after catastrophic quarter

(Reuters) - Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record.

Oh, behave: How to make sense of behavioral ETFs

NEW YORK (Reuters) - Can you make serious money by capitalizing on human foibles?

Medicare should warn enrollees on steep late sign-up penalties

CHICAGO (Reuters) - For many Americans entering retirement, it comes as an unwelcome surprise: Medicare premiums become much more expensive if you do not sign up on time.

U.S. Treasury pushes back on bank-like rules for asset managers, insurers

WASHINGTON (Reuters) - The U.S. Treasury on Thursday rejected the idea of singling out specific asset management and insurance firms as systemically risky, indicating that they are unlikely to be designated as "too big to fail" and slapped with additional oversight under the administration of President Donald Trump.

Volatility fails to scare investors in U.S. stock, bond funds: Lipper

NEW YORK (Reuters) - Investors endured jolts to both stocks and bonds, pouring even more cash into funds tracking both markets during the latest week, according to Lipper data released on Thursday.