Friday 27 April 2018

Credit Suisse chairman sees more efficiency work ahead

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.

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.

Proxy adviser ISS backs call for gun safety report at Sturm Ruger

BOSTON (Reuters) - Proxy adviser Institutional Shareholder Services on Wednesday recommended investors vote to support a shareholder proposal calling for gunmaker Sturm Ruger & Co to report on gun safety, which could put new attention on so-called "smart gun" technology.

Millennials turn to parents to navigate money milestones

April 25 (Reuters) - - Amanda Farris got an ATM card from her father when she was about 13. Her dad told her to treat it like cash and taught her how to tap her allowance and the money she made working odd jobs.

Credit Suisse delivers best quarter since Thiam's revamp

ZURICH (Reuters) - Credit Suisse delivered its best quarterly results on Wednesday since Chief Executive Tidjane Thiam launched his restructuring plan for Switzerland's second-biggest bank in 2016, driven by its wealth management business.

Global banks fear China will limit JV control through new rules

HONG KONG/SHANGHAI (Reuters) - Western banks are seeking clarification from China's securities watchdog on proposals to allow them to take over their onshore securities ventures, amid concerns about high asset value requirements and limits to ownership by non-financial investors.

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