Wednesday 3 October 2018

Wells Fargo has not done enough to refund cheated drivers: regulator

Reuters.com Newsletter

Wells Fargo has not done enough to refund cheated drivers: regulator

Wells Fargo & Co has not convinced U.S. regulators it is doing enough to repay 600,000 drivers who were wrongly pushed into buying auto insurance, a leading bank regulator said on Tuesday.

Ex-Citadel natural gas investor opens new hedge fund

An investor who previously helped oversee U.S. natural gas trading at Citadel has set up his own hedge fund, a person familiar with the plans said on Monday.

UK funds body seeks 'urgent action' on EU retail fund rules

Britain's asset management trade body on Tuesday called for urgent action to fix "failings" in the design of European Union rules governing how retail investment funds are marketed.

Hedge funds doubt Saudi Arabia will replace Iranian oil : Kemp

Hedge fund managers are increasingly betting Saudi Arabia and its allies cannot or will not replace all the crude lost from the market when U.S. sanctions on Iran go into effect fully from November.

Your Money: How to factor in cost when applying to college

Picking the right college is not just a matter of finding a good fit for a student's talents and interests, but it also should involve what a family can reasonably afford.

Japan Inc's global push drives Asia M&As, offsets China slowdown

Japan M&A volumes are set to break a 19-year-old record and steal the spotlight in Asia this year from cooling Chinese deals, led by blockbuster takeovers such as Takeda Pharma's $62 billion swoop on British drugmaker Shire .

Goldman, JPMorgan, four others must face stock lending antitrust case

A U.S. judge on Thursday ordered Goldman Sachs Group Inc , JPMorgan Chase & Co and four other large banks to face an antitrust lawsuit by investors who said they conspired to stifle competition in the nearly $2 trillion stock lending market.

U.S. fund investors move to domestic stocks for third straight week

U.S. fund investors rotated from international to domestic stocks for a third straight week, showing continued signs of risk aversion given a potential trade war and uncertainty over U.S. monetary policy, Lipper data showed on Thursday.

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