Reuters Money: April 4, 2017

Click to View in Browser Tuesday, April 4, 2017 Government orders Wells Fargo to reinstate whistleblower (Reuters) - The federal government has ordered Wells Fargo to reinstate a former bank manager who lost his job after reporting suspected fraudulent behavior at the bank. Your Money: Drinking and shopping brews up a nasty cocktail NEW YORK(Reuters) - Honesty time: What is your most embarrassing drunk purchase? U.S. March auto sales indicate long boom cycle may be waning DETROIT (Reuters) - Major U.S. automakers' sales figures for March came in below market expectations and gave early evidence that America's long, robust boom cycle for car sales may finally be losing steam. AIG morale could spook talent, curb turnaround plan: UBS report (Reuters) - A morale crisis at American International Group Inc could prevent the U.S. insurance company from keeping and hiring the talent it needs to propel it through its financial turnaround, UBS said in an analysis on Monday. U.S. muni supply falls in first quarter, Citigroup is top underwriter (Reuters) - The sale of debt by states, cities, schools and other issuers in the U.S. municipal bond market totaled $86.5 billion in 2017's first quarter, a drop of 9.5 percent from the same period in 2016, according to Thomson Reuters data on Monday. Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO NEW YORK (Reuters) - U.S. mortgage finance giants Fannie Mae and Freddie Mac may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by President Donald Trump, according to an analyst at BMO Capital Markets on Friday. Guggenheim Investments attract broad fixed-income inflows in March NEW YORK (Reuters) - Guggenheim Investments, overseen by global chief investment officer Scott Minerd, had positive net flows of more than $1.5 billion into its fixed-income mutual funds and ETFs in March, the firm said on Monday. Third Avenue in $14.25 million settlement over junk bond fund collapse NEW YORK (Reuters) - Third Avenue Management and its founder Martin Whitman have reached a $14.25 million settlement of a lawsuit by investors who accused the well-known value investment firm of mismanaging a junk bond mutual fund that collapsed in December 2015. Investors unimpressed by Einhorn's GM share class plan: survey BOSTON (Reuters) - Investors have given billionaire hedge fund manager David Einhorn's plan to boost General Motors Co's value a frosty reception with most surveyed saying his call for two types of shares would not raise the automaker's worth, according to an Evercore ISI poll. Wells Fargo must face litigation on defective mortgages: U.S. judge NEW YORK (Reuters) - A federal judge on Thursday said Wells Fargo & Co must face litigation seeking to hold it responsible for billions of dollars of claimed investor losses stemming from its alleged failures as a trustee overseeing risky residential mortgage-backed securities. Related Video Nick Colas on how the jobs report impacts the markets Art Hogan on why the market is in a tug of war Related News U.S. trade deficit falls as exports hit two-year high U.S. business seeks action, not trade war, in Xi-Trump summit Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook