Reuters US Money

HONG KONG (Reuters) – Standard Chartered has hired more than a dozen new bankers to its private banking teams in Singapore, Hong Kong and the United Arab Emirates in a bid to grow the affluent business, a bank statement said on Thursday. The hires includes Nicholas Cheng, who joined as managing director, head of private …

Standard Chartered boosts private bank team with 14 new hires Read More »

By Chris Taylor NEW YORK (Reuters) – When you envision retirement with a partner, what does it look like? Probably retiring at the same time, as you both wave goodbye to the workforce and look forward to new adventures. The reality is that only 11% of American couples actually retire at the same time, according …

Four reasons why couples should consider staggered retirements Read More »

By Nell Mackenzie, Dhara Ranasinghe and Samuel Indyk (Reuters) – European companies are seeing outsized gains and losses in their shares when they report earnings, a Reuters analysis shows, a trend that has more to do with the growing sway of fast money in the $15 trillion market than with business prospects. Take the top …

European stocks are seeing outsized moves as hedge funds drive trading Read More »

By Suzanne McGee (Reuters) – Cathie Wood, founder and CEO of ARK Investment Management, defended the strategy of the firm’s money-losing flagship fund, telling investors in a letter released late on Wednesday that its fortunes will reverse when interest rates fall. The ARK Innovation ETF fund has taken investors on a rollercoaster ride in recent …

ARK Investment’s Cathie Wood defends strategy in letter to investors Read More »

(Reuters) -The top U.S. watchdog agency for consumer financial protection announced on Wednesday proposed regulations it said would require mortgage servicers to offer help to borrowers in difficulty before resorting to foreclosure. The new draft rules would also help protect investors from losses incurred when borrowers are unable to pay, according to the U.S. Consumer …

US watchdog proposes requiring help before mortgage foreclosures Read More »

By Makailah Gause (Reuters) – Gen Z adults in the U.S. face increasing financial challenges because of inflation and rising living costs, with 46% relying on financial assistance from their parents and families, according to a report by Bank of America published on Wednesday. Half of the 1,091 people aged 18 to 27 surveyed by …

Gen Z consumers in the US rely on parents as inflation squeezes budgets, study shows Read More »

By Carolina Mandl NEW YORK (Reuters) – Private fund groups asked the Securities and Exchange Commission on Tuesday to withdraw three proposed rules aimed at investment advisers after a U.S. appeals court last month said the agency did not have the authority to oversee the sector. The Managed Funds Association and five other groups said …

US private funds urge regulator to scrap other rules following appeals court victory Read More »

By Nell Mackenzie LONDON (Reuters) – Hedge funds bought commodity sensitive stocks in the week to July 5 at the fastest pace in five months, said a Goldman Sachs note to clients seen by Reuters on Monday. Energy stocks fell last week as Tropical Storm Beryl battered the Caribbean. Chevron Corp, Exxon Mobil and Shell …

Hedge funds buy commodity stocks at fastest pace in five months, says Goldman Read More »