Money

U.S. fund firms make new push for bitcoin ETFs as futures debut

23 mins ago DieselGasoil Comments Off on U.S. fund firms make new push for bitcoin ETFs as futures debut
(Reuters) – Fund managers are racing to launch exchange-traded funds (ETFs) based on bitcoin after futures contracts based on the high-flying digital currency began trading on Sunday. FILE PHOTO: A token of the virtual currency Bitcoin is seen placed on a monitor that displays binary digits in this illustration picture, December 8, 2017. REUTERS/Dado Ruvic/Illustration/File Read More

Two fund firms make new push for bitcoin ETFs as futures debut

4 hours ago DieselGasoil Comments Off on Two fund firms make new push for bitcoin ETFs as futures debut
(Reuters) – Two fund managers are going back to U.S. securities regulators for permission to launch exchange-traded funds (ETFs) based on bitcoin, filings showed on Monday, after futures contracts began trading on Sunday in the high-flying digital currency. FILE PHOTO: A token of the virtual currency Bitcoin is seen placed on a monitor that displays Read More

Apple aims to block climate, rights proposals with quick use of SEC guidance

8 hours ago DieselGasoil Comments Off on Apple aims to block climate, rights proposals with quick use of SEC guidance
BOSTON (Reuters) – Apple Inc (AAPL.O) is pushing back on shareholder proposals on climate issue and human rights concerns, an effort activists worry could sharply restrict investor rights. FILEP PHOTO: The logo of Apple (AAPL) is seen in Los Angeles, California, United States, April 22, 2016. REUTERS/Lucy Nicholson/File Phot In letters to the U.S. Securities Read More

Why Strong Mental Health Policies Are Good For Business

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Shutterstock photo By and large, companies have ignored employee mental health. This is not due to a lack of care or concern. And it’s not related to having to provide extra services. In reality, mental health is one of the required areas that must be covered in organizational healthcare benefits. Instead, it has to do with the Read More

SEC to delay mutual fund disclosures in cybersecurity push

3 days ago DieselGasoil Comments Off on SEC to delay mutual fund disclosures in cybersecurity push
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Friday it would delay new submissions of portfolio data by mutual funds, as the regulator beefs up its cybersecurity. Jay Clayton, Chairman of the U.S. Securities and Exchange Commission (S.E.C.) speaks to the Economic Club of New York in New York City, U.S., July Read More

Trump says fines against Wells Fargo could be increased

3 days ago DieselGasoil Comments Off on Trump says fines against Wells Fargo could be increased
WASHINGTON/NEW YORK (Reuters) – President Donald Trump took aim at the third-largest U.S. bank on Friday, writing on Twitter that government fines and penalties against Wells Fargo & Co could be hiked amid an ongoing sales scandal. “Fines and penalties against Wells Fargo Bank for their bad acts against their customers and others will not Read More

U.S. tax repatriation plan may not cure long-term dollar weakness

3 days ago DieselGasoil Comments Off on U.S. tax repatriation plan may not cure long-term dollar weakness
NEW YORK (Reuters) – Investors looking for the U.S. Republican tax bill to prompt multinational companies to convert foreign profits into dollars and end the worst slide in the greenback in a decade may have to temper their hopes for a prolonged rebound. The Presidential motorcade awaits the departure of U.S. President Donald Trump from Read More

City of London sticks to Brexit plans despite progress

3 days ago DieselGasoil Comments Off on City of London sticks to Brexit plans despite progress
LONDON (Reuters) – London’s financial industry welcomed progress on a divorce deal with the European Union on Friday but said it saw little reason to alter preparations for when Britain leaves the EU. Employees pass the Lutine Bell as they travel on escalators on the underwriting floor of Lloyd’s of London insurance market in the Read More

UBS investment bank head wary on 2018 outlook

3 days ago DieselGasoil Comments Off on UBS investment bank head wary on 2018 outlook
ZURICH (Reuters) – The head of Swiss bank UBS’s investment banking business gave a cautious outlook for market conditions next year, with fees set to fall again and volatility staying low. Christmas decorations are seen at the building of Swiss bank UBS at the Paradeplatz square in Zurich, Switzerland, November 27, 2017. REUTERS/Arnd Wiegmann “Markets Read More

Trump says fines against Wells Fargo won't be dropped: Twitter

3 days ago DieselGasoil Comments Off on Trump says fines against Wells Fargo won't be dropped: Twitter
WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday that government fines and penalties against Wells Fargo & Co will not be dropped and could be “substantially increased.” FILE PHOTO – U.S. President Donald Trump speaks before signing a proclamation for National Pearl Harbor Day in the Roosevelt Room at the White House in Read More