Reuters US Money

Citadel executive O’Reilly who guided asset growth to retire, memo says

13 Aug 2025

By Svea Herbst-Bayliss NEW YORK (Reuters) -Citadel executive Ed O’Reilly, who helped the hedge fund’s assets balloon to $67 billion through his role managing relationships with the firm’s global investors, is retiring, according to a memo seen by Reuters. O’Reilly, 57, oversaw the firm’s association with investors including pension funds, universities and hospitals. He will …

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Goldman, BNY team up to launch tokens tied to money market funds

23 Jul 2025

By Niket Nishant (Reuters) -Goldman Sachs and BNY have joined hands to launch digital tokens that mirror shares of money market funds, deepening Wall Street’s push to bring blockchain technology into traditional finance. Investors can now buy and sell money market fund shares on BNY’s LiquidityDirect platform, with a digital record of those shares created …

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NY Fed survey finds easier access to auto loans, mortgage refinancing

22 Jul 2025

By Michael S. Derby (Reuters) -U.S. households fared far better when applying for credit for mortgage refinancing or auto loans in June, new figures on credit access from the Federal Reserve Bank of New York show. The bank said Monday that rejected applications for mortgage refinancing dropped to 15% in June, versus 42% in February, …

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Behaviour of aging New Zealanders to impact interest rates, asset prices, RBNZ says

15 Jul 2025

WELLINGTON (Reuters) -New Zealand’s savings, borrowing and investment behaviour is likely to change as its population ages, affecting interest rates, asset prices and demand for financial products, New Zealand’s central bank said in a report released on Tuesday. Kerry Watt, director of Financial System Assessment at the central bank, said the economic impact will unfold …

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Analysis-A slew of T-bills coming? Money market funds say ‘bring ’em on’

14 Jul 2025

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -More than $1 trillion in U.S. short-term bills are expected to flood the market over the next 1-1/2 years following the increase in the debt ceiling, as the Treasury replenishes its diminished cash balance while funding the country’s huge fiscal deficit.  There is, however, no shortage of buyers, with …

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Exclusive-Wells Fargo hires Paterson from Citi for activism defense

26 Jun 2025

By Svea Herbst-Bayliss NEW YORK (Reuters) -Wells Fargo has hired a senior banker from Citigroup to lead its activism defense practice, as corporations scramble to build out business units to help clients facing pressure from activist investors. The bank confirmed to Reuters that it is bringing on Muir Paterson as a managing director and head …

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Hedge fund Millennium valued at $14 billion in minority stake sale talks, FT reports

16 Jun 2025

(Reuters) -Millennium Management is in talks to sell a minority stake in its management company, in a deal that values the hedge fund giant at $14 billion, the Financial Times reported on Monday, citing people familiar with the discussions. The company is working with Goldman Sachs’ Petershill Partners to identify potential buyers for a 10% …

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Money manager Thrivent opens digital bank to attract younger retail clients

2 Jun 2025

NEW YORK (Reuters) -Money manager Thrivent opened a digital bank on Sunday, aiming to attract young people as part of a nationwide push, the company said on Monday. “For over 120 years, Thrivent has provided purpose-based advice and now we’re expanding in banking to grow and serve even more people,” Thrivent CEO Terry Rasmussen said …

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Hedge fund Saba reaches agreement with another investment trust target

28 May 2025

By Nell Mackenzie LONDON (Reuters) – Activist hedge fund Saba Capital Management has reached a restructuring deal with another of the UK investment trusts it has targeted in a longstanding campaign to achieve higher returns. Saba said on Wednesday it had agreed with CQS Natural Resources Growth & Income that the investment trust will offer …

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Mediobanca CEO to pitch Banca Generali bid to Italian investors on June 4

20 May 2025

MILAN (Reuters) -CEO Alberto Nagel plans to present Mediobanca’s bid for the private bank Banca Generali to a group of Italian investors on June 4, a source with knowledge of the matter said on Tuesday, ahead of a shareholders’ meeting slated for mid-June to vote on the deal. Mediobanca said last monthit planned to acquireBanca …

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