Bhinneka News Online: Wells Fargo loses big client after dialing up risk in retirement funds

Thursday, 1 February 2018

Wells Fargo loses big client after dialing up risk in retirement funds

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Thursday, February 1, 2018

Wells Fargo loses big client after dialing up risk in retirement funds

BOSTON (Reuters) - After Wells Fargo & Co decided to ramp up risk in its flagship age-based retirement funds last year, one of its largest customers decided to call it quits, unhappy with the new investment strategy and how the bank handled the transition.

Win, Lose or Draw: First jobs of animation sensations

NEW YORK (Reuters) - Think of the golden age of American animation, and the mind tends to go back to the days of Walt Disney and Steamboat Willie.

Column: Debate on safety of reverse mortgages for U.S. seniors heats up

CHICAGO (Reuters) - Foreclosure is a frightening word - especially if the person losing her home is a senior living on a modest, fixed income. And some housing advocates worry that the number of foreclosures has risen sharply among one group of seniors: those who have taken out reverse mortgage loans.

Activist investors' demands rejected more in 2017: data

BOSTON (Reuters) - Corporate chiefs said "no" more often to activist investors in 2017 who approached them with ideas on how to run their businesses and demands to sit on their boards, new data from research group Activist Insight show.

Turn that tax cut into hundreds of thousands of dollars

CHICAGO (Reuters) - When the new U.S. tax law starts giving Dave Calderone extra cash in his paychecks, he will use it to soothe his panic about dying broke.

Julius Baer sees net money slowdown in 2018, on lookout for acquisitions

ZURICH (Reuters) - Swiss private bank Julius Baer does not expect to keep pace with last year's bumper growth in 2018 and will push ahead with hiring more client managers and looking for deals under its new chief executive.

U.S. stock pullback stokes fears of more volatility

NEW YORK (Reuters) - Tuesday's stock selloff on Wall Street set traders in the options market fretting about a near-term shock to equities in a way they have rarely done since U.S. President Donald Trump took office a year ago.

SEC's chief enforcement accountant to leave agency

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission announced Tuesday its chief accountant for enforcement matters would leave the agency next month.

JPMorgan promotes Pinto and Smith, fueling race to succeed Dimon

NEW YORK (Reuters) - JPMorgan Chase & Co on Monday promoted Daniel Pinto and Gordon Smith to be co-presidents and co-chief operating officers, a move seen as heightening competition for the job of CEO held by Jamie Dimon.

U.S. pensions seen adding bonds, paring stocks: Wells Fargo

NEW YORK (Reuters) - U.S. pensions are expected to shift more money into bonds and out of equities to rebalance their holdings at month-end in the wake of strong gains in the stock market in January, Wells Fargo strategists said on Monday.