 | | | | PIMCO, one of the world's largest fixed-income managers, on Monday named Erin Browne, previously of UBS Asset Management and Steve Cohen's Point72 Asset Management, as managing director and portfolio manager focused on asset allocation. | | | | | | When people over the age of 50 get divorced, retirement accounts become a key asset, even more so sometimes than the house or alimony. Lawyers and feuding couples are bracing for big changes at the end of 2018 for how these assets get split up. | | | | | | U.S. Treasury Secretary Steven Mnuchin and Wall Street bankers will show up at an elite Saudi investment conference this month despite a growing exodus of top media companies and business leaders after the disappearance of a Saudi journalist. | | | | | | Three of the largest U.S. lenders reported double-digit profit increases on Friday, helped by an expanding economy and lower taxes, and forecast more growth ahead as long as current trends continue. | | | | | | The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, if the double-digit profit growth posted by three major lenders on Friday is any indication. | | | | | | Millennium Management, the $36 billion hedge fund run by Israel Englander, has hired a portfolio manager from rival Ken Griffin's Citadel, two people familiar with the situation said on Friday. | | | | | | Speculators' net long bets on the U.S. dollar climbed to their highest since mid-December 2016 in the latest week, according to calculations by Reuters and the Commodity Futures Trading Commission released on Friday. | | | | | | Wells Fargo & Co posted a 32 percent jump in quarterly profit on Friday, as the bank made headway in its cost-cutting plan and worked to put past misdeeds behind it. | | | | | |
