CHICAGO (Reuters) - It happens like clockwork each year. The trustees of Social Security and Medicare issue their annual reports on the programs' health, and doomsayers start talking about insolvency and bankruptcy.
CHICAGO (Reuters) - When Scott Petracco graduated from the University of Illinois at Chicago with a bachelor's degree in biology eight years ago, he thought he would quickly get a job in a laboratory and pay off $30,000 in student loans.
NEW YORK (Reuters) - Investors flooded U.S.-based money market funds with the most cash in nearly five years in the latest week, seizing an opportunity to reap richer yields while taking less risk, Lipper data showed on Thursday.
LONDON (Reuters) - Bank of America is looking to move more jobs than originally envisaged to its new Paris office, in what is expected to be one of the biggest such shifts from London ahead of Brexit, two sources familiar with the matter said.
WASHINGTON (Reuters) - A U.S. bank regulator said on Thursday that an industry-wide review prompted by Wells Fargo & Co's sales practices scandal had uncovered some instances of phony accounts at other lenders but little evidence of a "systemic" problem.
ZURICH (Reuters) - (This version of June 7's story refiles as the bank corrects breakdown of its mandates business to read 34 percent(not 50 percent)advisory mandates, 16 percent discretionary mandates & 50 percent(not 30 percent) remianing business.)
(Reuters) - Billionaire investor Carl Icahn has acquired a small stake in Allergan Plc at a time when the drugmaker is under pressure from other activist shareholders, people familiar with the matter said on Wednesday.