Friday 14 May 2021

Reuters Global Investor: Investors rush to buy inflation protection - BOfA

Investors rush to buy inflation protection - BOfA

Investorsare loading up on inflation protection, while starting to grow more cautious on rate-sensitive tech stocks as fears grow of a price uptick that may force the U.S. Fed to bring forward policy tightening, BofA's weekly data showed on Friday.

U.S. investors looking for protection as inflation pressures bubble, stocks volatile

U.S. investors grappling with the latest stock volatility and evidence of inflation say they have been positioning themselves for more unexpected kinks in the road to recovery.

Reckitt shortlists bidders for $2bln Mead Johnson China business -sources

British consumer goods company Reckitt Benckiser Group (RKT.L) has shortlisted bidders including Bain Capital, Carlyle Group (CG.O) and dairy producer Yili to submit binding offers for its Greater China infant formula business, sources said.

DBS private bank offers wealth succession planning for cryptocurrencies

DBS Group (DBSM.SI) said on Friday its private banking arm has started offering trust services for cryptocurrencies, helping rich clients include the emerging asset class in their succession plans.

EXCLUSIVE EHealth settles with Starboard, hands one board seat to activist

Insurer eHealth Inc (EHTH.O) sidestepped a possible proxy contest with Starboard Value LP by giving the activist investor one board seat two months after Starboard nominated four directors, two sources familiar with the matter said.

Soaring retirement healthcare price tag calls for some careful planning

How much will healthcare cost you in retirement? Your mileage will vary - but this much is clear: the forecast is getting more intimidating.

JPMorgan, others discuss issuing credit cards to people with no credit scores - WSJ

JPMorgan Chase & Co (JPM.N), Wells Fargo (WFC.N), U.S. Bancorp (USB.N) and other banks plan to share data on customers' deposit accounts to extend credit to people who have traditionally been barred from getting them, the Wall Street Journal reported.

New generation of digital banks bets on minority markets

After a doctor's visit, three court appearances, five trips to the bank and having her name and address published in a newspaper, Billie Simmons finally got a debit card with her chosen name.

Americans' top financial regret? Not saving for an emergency

Regrets, we've had a few. Or when it comes to our money, a whole lot.

Bankers quit London as Brexit relocations to EU step up

Investment banks are shifting more rainmakers out of London to financial centres across the European Union, accelerating the pace of moves after the pandemic and uncertainty over Britain's access to the bloc slowed relocations.

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