 | | | | (The opinions expressed here are those of the author, a columnist for Reuters.) | | | | | | Investment firm PAAMCO Prisma, one of the world's biggest investors in hedge funds, said on Tuesday that a six-person executive committee will replace the firm's two co-chief executives who are stepping down on Aug. 1. | | | | | | Goldman Sachs Group Inc was pressed for details on new businesses after an uneven second-quarter performance, a likely preview of challenges incoming Chief Executive David Solomon will face as he leads the Wall Street bank's overhaul. | | | | | | (The writer is a Reuters contributor. The opinions expressed are his own.) | | | | | | Slowly but surely, depositors are starting to shift money from basic U.S. bank accounts to products that pay more than a sliver of a percent in interest. | | | | | | Bank of America Corp reported quarterly profit above analyst expectations on Monday as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a strengthening economy. | | | | | | Sovereign investors are facing a tougher environment for dealmaking as rising protectionism threatens to curb inward investment and stunt trade, suggesting private market activity may have plateaued, a co-author of a report out on Monday said. | | | | | | Investors switched to defensive equities and bonds in the week to July 11 as the U.S. slapped tariffs on $34 billion of Chinese imports and then raised the stakes by threatening another round on an extra $200 billion of goods. | | | | | | (This July 12 story corrects data after Lipper revision on U.S.-based corporate investment-grade bond funds in paragraph 9.) | | | | | | A decade on big U.S. banks are still running down and selling off crisis-era mortgages, a process executives point to as weighing on loan growth. | | | | | | The decision marked the end of an era: last month, the keepers of the Dow Jones Industrial Average removed General Electric Co, one of the original stocks included in the index when it was created in 1896. | | | | | |
