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13.10.2018

Mnuchin to attend top Saudi event, media exit over missing journalist

U.S. Treasury Secretary Steven Mnuchin and Wall Street bankers will show up at an elite Saudi investment conference this month despite a growing exodus of top media companies and business leaders...
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12.10.2018

U.S. banks profit from higher rates, more loans and lower costs

Three of the largest U.S. lenders reported double-digit profit increases on Friday, helped by an expanding economy and lower taxes, and forecast more growth ahead as long as current trends continue.
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12.10.2018

Graphic: U.S. banks enjoy benefits of a growing economy, lower taxes

The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, if the double-digit profit growth posted by three major lenders on Friday is any indication.
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12.10.2018

Englander's Millennium hires portfolio manager from Citadel: sources

Millennium Management, the $36 billion hedge fund run by Israel Englander, has hired a portfolio manager from rival Ken Griffin's Citadel, two people familiar with the situation said on Friday.
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12.10.2018

Speculators lift net long U.S. dollar bets to highest since mid-Dec 2016: CFTC, Reuters

Speculators' net long bets on the U.S. dollar climbed to their highest since mid-December 2016 in the latest week, according to calculations by Reuters and the Commodity Futures Trading Commission...
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12.10.2018

Wells Fargo profit rises, cost cuts paying off

Wells Fargo & Co posted a 32 percent jump in quarterly profit on Friday, as the bank made headway in its cost-cutting plan and worked to put past misdeeds behind it.
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12.10.2018

Citigroup profit beats on higher bond trading, lower costs

Citigroup Inc reported a better-than-expected quarterly profit on Friday, helped by lower expenses, higher bond trading revenue and strength in its consumer banking business in Mexico.
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12.10.2018

PNC expects small rise in quarterly loan growth, shares fall

U.S. regional bank PNC Financial Services Group Inc on Friday reported disappointing quarterly loan growth and said it expected only a small improvement in lending for the final three months of the...
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12.10.2018

Your Money: What is the best play for your money right now?

When the stock market has suffered a couple of really big slides in a row, like it did this week, the financial advice to those who are freaking out is always: Do not look at your account balances....
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12.10.2018

Retirement target-date funds stung by emerging markets, U.S. bonds

The largest target-date funds for U.S. investors nearing retirement are reporting their worst performance since 2008, as bets on Chinese stocks and Treasuries produced negative returns.
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12.10.2018

Prudential names Michael Falcon to lead North American business unit

Britain's largest listed insurer Prudential Plc said it had appointed JP Morgan's Asia asset management business boss Michael Falcon to lead its North American business unit, effective Jan. 7.
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12.10.2018

Machines take the blame as U.S. stock market sells off

Investors searching for perpetrators and victims in this week's U.S. stock market selloff pointed to a familiar source: number-crunching fund managers and machines.
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12.10.2018

Explainer: What are risk-parity funds?

The market's quick and hard-to-explain declines this week led some investors to point fingers at number-crunching fund strategies designed to control and balance risk.
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12.10.2018

Rising interest rates cast shadow on Chicago pension bond plan

A continued surge in interest rates could sink a plan under consideration by Chicago Mayor Rahm Emanuel's administration for a massive bond sale to boost pension funding, a city official said on...
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11.10.2018

Wells Fargo touts good deeds to get back in lawmakers' good graces

Tired of being cast as the poster child for big banks behaving badly, Wells Fargo & Co has been expanding its presence in the nation's capital to convince lawmakers it has changed and talking up its...
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11.10.2018

U.S. retirees to get welcome bump in Social Security benefits

Come January, most U.S. retirees will get some welcome news when they check their bank accounts - the biggest inflation adjustment to Social Security benefits in eight years.
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11.10.2018

Bad timing as Vanguard service glitches start before market drop

If plunging markets during Wednesday's U.S. trading session proved unlucky for investors, the timing was especially bad for Vanguard Group Inc.
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10.10.2018

Ackman's Pershing Square unveils $900 million stake in Starbucks

William Ackman said on Tuesday his activist hedge fund Pershing Square Capital Management LP has built a roughly $900 million position in Starbucks Corp , betting the world's biggest coffee chain can...
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10.10.2018

Column: 'Restricted application' can boost Social Security benefits

Waiting until age 70 to claim Social Security benefits is one of the most popular financial strategies for retirement, but it can put couples that retire in their 60s in a bind if they then must wait...
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10.10.2018

Deutsche Bank Wealth Management names two managing directors

Asset management company Deutsche Bank Wealth Management named Wendy McMillan and Richard Aguiar as managing director and private banker. McMillan and Aguiar will be based in San Francisco and Los...
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