Reuters US Money

By Hannah Lang (Reuters) – The share of Americans who did not have a checking or savings account fell last year to the lowest level since the financial crisis, according to a new study by a U.S. banking regulator released Tuesday. Just 4.5% of 132.5 million U.S. households were considered “unbanked” in 2021, data from …

‘Unbanked’ U.S. households hit lowest level since financial crisis Read More »

(Reuters) – Investors that were previously put off by negative interest rates in Europe in recent years are starting to return to market, funding officials for the European Investment Bank and European Commission said on Thursday. “It’s true that the number of central banks who could not buy negative rates because their mandates would not …

Investors warm to European debt after rates turn positive – funding officials Read More »

(Reuters) – Commodities remain a key asset class for diversifying portfolio risk despite continued underperformance to their own fundamentals given a strong dollar, rising recession fears and declining liquidity, analysts at Goldman Sachs said. “Oil and pockets of the agriculture sector offer investors welcome opportunities for portfolio diversification at a time that the tactical outlook …

Commodities key for diversifying portfolio risk, says Goldman Read More »

By Nell Mackenzie (Reuters) – Investors pulled an estimated $26 billion from hedge funds during the third quarter, according to data provider HFR, jarred by a global stock market plunge, soaring bond yields and geopolitical tensions. That comes on top of a $27.5 billion outflow in the second quarter, the first time that hedge funds …

Hedge funds suffer further outflows in Q3, stockpickers lead way Read More »

(Reuters) -AMP Ltd on Friday reported third-quarter net outflows at its Australian wealth management unit more than halved due to increased inflows into its flagship online investment platform, North, and reduced withdrawals at its pension trusts. AMP has suffered from persistent outflows since a government-backed inquiry revealed a series of scandals that the 173-year-old firm …

AMP Australian wealth management unit’s net outflows more than halve Read More »

By Chris Taylor NEW YORK (Reuters) – As associate director of The Aspen Institute’s Financial Security Program, Katherine Lucas McKay considers tricky financial issues all day long. But the Biden administration’s new U.S. student debt relief program is not just an academic subject for her. It is affecting her own pocketbook. That is because McKay …

U.S. student debt relief: What you need to know now Read More »

By Divya Rajagopal TORONTO (Reuters) – Canada’s second largest pension fund Caisse de dépôt et placement du Québec sees opportunities in global fixed income assets after a recent sell-off, and expects global markets to stabilize in the first half of 2023, a top executive said. “Fixed income assets are definitely more attractive than they were …

Canada’s No. 2 pension fund Caisse sees opportunities in battered bond market Read More »

NEW YORK (Reuters) – Global investors redeemed $26 billion from hedge funds in the third quarter, in the second consecutive quarter of net asset outflows, industry data provider HFR said on Thursday. In the year, investors pulled out $33.7 billion from hedge funds worldwide, HFR showed, as poor performance has spooked pension funds, endowments and …

Hedge funds see $26 billion in net outflows in Q3 – HFR Read More »

(Reuters) – A group of U.S. state attorneys general including from Arizona and Texas have sent civil investigative demands to the country’s six biggest banks, alleging their environmental, social, and governance-related (ESG) practices hurt the American energy industry. Republican-led states have ramped up attacks on what they view as a woke bias at financial companies. …

Arizona, Texas join multi-state probe into big banks over net-zero pledge Read More »