Thursday, 13 May 2021

Reuters Global Investor: Soaring retirement healthcare price tag calls for some careful planning

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.

BlackRock expands China footprint with wealth management licence

BlackRock Inc (BLK.N) has received a licence in China for a majority-owned wealth management venture, expanding its footprint in the country's fast-growing asset management market.

What happened when a U.S. state required details on corporate diversity

Aerospace company Boeing Co (BA.N) was explicit, naming who among its dozen directors were women, Asian and African American. Agricultural giant Archer Daniels Midland Co (ADM.N) offered a more general accounting, saying its board was 55% diverse.

Global big banks plot back-to-office plans as vaccines roll out

The biggest banks in the world plan to re-open their offices, emboldened by aggressive vaccination drives and falling COVID-19 cases in major financial hubs, after sending most employees home early last year to help stem the spread of the coronavirus.

Investor Legal & General backs activist in Exxon proxy battle

Britain's biggest asset manager, Legal & General, on Tuesday said it will vote for an activist hedge fund's board slate at Exxon Mobil's (XOM.N) shareholder meeting later this month, fueling a pitched fight over the oil major's future.

Activist Honest Capital opposes $2.8 bln sale of At Home Group

Hedge fund Honest Capital said on Tuesday that it opposes a $2.8 billion deal that At Home Group Inc (HOME.N) signed last week to sell itself to private equity firm Hellman & Friedman, even as the U.S. home goods retailer searches for a higher bid.

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