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Nomura pays $26.5 million to settle U.S. charges over traders’ lies about bond prices

27 mins ago DieselGasoil Comments Off on Nomura pays $26.5 million to settle U.S. charges over traders’ lies about bond prices
NEW YORK (Reuters) – Nomura Holdings Inc will pay $26.5 million to settle U.S. Securities and Exchange Commission charges that it failed to properly supervise five former traders who lied to customers about mortgage bond prices. FILE PHOTO: Investors stand in front of a screen showing the logo of Nomura Holdings in Tokyo, Japan, December Read More

Charles Schwab in talks to buy USAA wealth-management, brokerage units: WSJ

27 mins ago DieselGasoil Comments Off on Charles Schwab in talks to buy USAA wealth-management, brokerage units: WSJ
A man walks near the Charles Schwab sign in the Manhattan borough of New York, in an October 10, 2015 file photo. REUTERS/Eduardo Munoz/Files (Reuters) – Charles Schwab Corp (SCHW.N) is in talks to buy brokerage and wealth-management operations from USAA for about $2 billion, the Wall Street Journal reported on Monday, citing people familiar Read More

7 things to know before the bell

12 hours ago DieselGasoil Comments Off on 7 things to know before the bell
Click chart for more in-depth data. 1. The race to driverless cars: SoftBank (SFTBF) and Toyota (TM) are forming a joint venture that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which food is prepared en route. SoftBank will own just over half of Monet, the Read More

U.S. equity funds add $1.7 billion ahead of Fed chair testimony: BAML

3 days ago DieselGasoil Comments Off on U.S. equity funds add $1.7 billion ahead of Fed chair testimony: BAML
LONDON (Reuters) – Investors pumped money into bonds and equities in the week to Wednesday with U.S. stock funds adding $1.7 billion, Bank of America Merrill Lynch said on Friday, as markets tried to weigh hopes for major central bank stimulus against economic woes. Bond funds raked in $9.6 billion in their 27th week of Read More

Investors pour $28 billion in money-market funds as S&P 500 hit record high: Lipper

4 days ago DieselGasoil Comments Off on Investors pour $28 billion in money-market funds as S&P 500 hit record high: Lipper
(Reuters) – U.S.-based money-market funds attracted about $28 billion in the week ended Wednesday, their largest weekly inflow since mid-May, as the S&P 500 Index rose above 3,000 for the first time on Wednesday. It was money funds’ third consecutive week of cash inflows, with a four-week moving average of $18.8 billion, according to data Read More

Investors pour $28 billion in money-market funds as S&P hit record high: Lipper

4 days ago DieselGasoil Comments Off on Investors pour $28 billion in money-market funds as S&P hit record high: Lipper
(Reuters) – U.S.-based money-market funds attracted about $28 billion in the week ended Wednesday, their largest weekly inflow since mid-May, as the S&P 500 Index rose above 3,000 for the first time on Wednesday. It was money funds’ third consecutive week of cash inflows, according to data by Refinitiv’s Lipper. Reporting by Jennifer Ablan; Editing Read More

Fed seen cutting U.S. rates by 25 bps late July: BAML

5 days ago DieselGasoil Comments Off on Fed seen cutting U.S. rates by 25 bps late July: BAML
FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo NEW YORK (Reuters) – The Federal Reserve will likely reduce key U.S. borrowing costs by a quarter point at its upcoming July 30-31 policy meeting with the chance of a 50 basis-point decrease, Bank of Read More

Legal expert Dagmar Valcarcel to join Deutsche Bank’s supervisory board: report

5 days ago DieselGasoil Comments Off on Legal expert Dagmar Valcarcel to join Deutsche Bank’s supervisory board: report
BERLIN (Reuters) – Dagmar Valcarcel, a legal expert, will join Deutsche Bank’s supervisory board, German newspaper Handelsblatt said on Wednesday without naming its sources. The newspaper said the position had become free because Stefan Simon was moving into the management board as chief administrative officer in the wake of a major shake-up at the bank Read More

Anonymous Analytics goes long cannabis with Turning Point Brands

5 days ago DieselGasoil Comments Off on Anonymous Analytics goes long cannabis with Turning Point Brands
(Reuters) – Activist research group Anonymous Analytics has turned its attention to the cannabis industry, initiating a buy rating on Turning Point Brands Inc (TPB.N) in a report on Wednesday. The group, which holds shares in Turning Point Brands, called it “a highly profitable, but woefully under-covered and under-valued company” with a network of 1.5 Read More

Elliott outspends rivals as corporate activism turns to Germany

5 days ago DieselGasoil Comments Off on Elliott outspends rivals as corporate activism turns to Germany
FRANKFURT/BOSTON (Reuters) – Elliott Management Corp has invested more than rivals in its push for corporate change so far this year and there has been an increasing focus among activist investors on German companies. FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., Read More