Monday 30 April 2018

Australia banking scandal claims more AMP scalps, chairwoman quits

Australia banking scandal claims more AMP scalps, chairwoman quits

SYDNEY (Reuters) - Australia's largest-listed wealth manager AMP announced the resignations of its chairwoman and legal counsel on Monday, and slashed its directors' fees by a quarter as it races to stem the fallout from damaging revelations of misconduct at the firm.

Global elites to hash out #MeToo sexual misconduct issues at Milken Conference

LOS ANGELES (Reuters) - The global social media movement known through the Twitter hashtag #MeToo has highlighted sexual misconduct in business, entertainment and politics, and will be on the agenda at this year's Milken Institute Global Conference, which starts on Sunday.

Nasdaq asks regulators to let companies decide where they trade

NEW YORK (Reuters) - Nasdaq Inc has asked regulators to allow it to give small companies a choice of trading on a single U.S. stock exchange, rather than all 13 of them, in an effort to make it easier for buyers and sellers of the stocks to find each other.

Credit Suisse chairman sees more efficiency work ahead

ZURICH (Reuters) - Credit Suisse still has work ahead after making good progress towards achieving targets set for a three-year turnaround, Chairman Urs Rohner told the group's annual general meeting on Friday.

Speculative U.S. 10-year T-note net shorts hit record high: CFTC

(Reuters) - Speculators' net bearish bets on U.S. 10-year Treasury note futures climbed to a record high earlier this week when the 10-year yield rose to 3 percent for the first time in over four years, according to U.S. Commodity Futures Trading Commission data released on Friday.

Rothschild poaches top French banker Perol from BPCE

PARIS (Reuters) - Rothschild said on Friday that it had hired leading French banker Francois Perol, luring him away from his previous position at the head of BPCE, the country's second-biggest bank.

Column: Head to the career office before you pick a college

CHICAGO (Reuters) - (The opinions expressed here are those of the author, a columnist for Reuters.)

Caesars union wants private equity firms off board committee

BOSTON (Reuters) - A union of Caesars Entertainment Corp employees on Thursday asked its board to remove several private equity representatives from the compensation committee, citing high pay for top executives as Caesars' operating unit emerged from bankruptcy.

Investors shrug off rate fears, pour cash into equity funds

NEW YORK (Reuters) - Investors were undeterred by fears of rising interest rates, with U.S.-based equity funds attracting $3.5 billion of net cash in the week ended April 25, the third consecutive week of inflows, Lipper data showed on Thursday.

U.S. Treasury yield curve flattening to intensify with U.S. pension plan bond-buying

NEW YORK (Reuters) - Corporate pensions are shifting a chunk of their $1.55 trillion in assets into fixed income, which may be sizeable enough to flatten the yield curve further.

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