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By Pete Schroeder WASHINGTON (Reuters) -A Morgan Stanley unit has agreed to pay $35 million to settle Securities and Exchange Commission charges it repeatedly failed to safeguard personal information for millions of customers, the regulator said Tuesday. The SEC said that for five years, Morgan Stanley Smith Barney failed to protect personal identifying information for …

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(Reuters) – Goldman Sachs Group Inc’s consumer banking unit is being reviewed by the Federal Reserve, Bloomberg Law reported on Friday, citing people familiar with the matter. Goldman’s management has been subjected to questions and follow-ups from the central bank’s officials for several weeks, the report said, adding that the process was still ongoing. Goldman …

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By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors’ anxiety about stock market turbulence is fast approaching levels associated with heightened fear as the S&P 500 looks set to wrap up its worst weekly showing in three months. The Cboe Volatility Index – which is known as “Wall Street’s fear gauge” and which measures the …

Wall Street’s ‘fear gauge’ creeps higher as stock sell-off deepens Read More »

By Carolina Mandl NEW YORK (Reuters) – The departure of Credit Suisse Group AG from the business of servicing hedge funds unleashed a battle for market share among banks, with the three biggest players getting bigger, according to prime brokers and new industry data. Credit Suisse said in November it would exit prime brokerage, which …

Prime brokers fight for clients after Credit Suisse’s exit Read More »

(Reuters) – U.S. equity funds recorded net outflows for a fourth straight week in the week to Sept. 14 as a higher-than-expected reading of U.S. inflation raised bets the Federal Reserve will continue to aggressively hike interest rates. Some investors had expected the U.S. CPI report would show inflation eased in August and provide an …

U.S. equity funds suffer outflows for a fourth week Read More »

(Reuters) – Global equity funds continued to record outflows in the seven days to Sept. 14 as a higher than expected reading on U.S. inflation raised bets that the Federal Reserve would remain aggressive in raising interest rates for longer. Some investors had expected that U.S. CPI report would show an easing in inflation in …

Global equity funds see fourth weekly outflow on rate hike expectations Read More »