By Ross Kerber (Reuters) – Looking to keep doing business in West Virginia amid a review of energy lending policies, several top U.S. banks cited criticism from climate activists as evidence they are not boycotting fossil fuels. The arguments — shown in documents provided to Reuters under a public records request — mark a new …
In West Virginia, banks cite Green criticism as red state credential Read More »
By Cole Horton and Ross Kerber (Reuters) – Investing based on environmental, social, and corporate governance (ESG) principles became a $35 trillion industry on the back of a long run-up in stocks that lasted from 2009 until the start of this year. Investors now have to decide whether they will stick with it when making …
Analysis-Bear market puts ESG investing to its first big test Read More »
By Davide Barbuscia NEW YORK (Reuters) – Vanguard Group, the world’s second-biggest asset manager, said on Wednesday the U.S. economy had a growing chance of falling into recession in the next two years but raised its expectations for annual returns on stocks and bonds. The Pennsylvania-based mutual fund manager noted a 25% probability of a …
U.S. recession risk up, but returns set to improve – Vanguard Read More »
By Jonathan Stempel NEW YORK (Reuters) – Wells Fargo & Co on Tuesday won the dismissal of one lawsuit and much of a second accusing the fourth-largest bank of failing to monitor toxic mortgage-backed securities that were a major cause of the 2008 global financial crisis. In a 68-page decision, U.S. District Judge Katherine Polk …
Wells Fargo mostly defeats two lawsuits over mortgage losses Read More »
SAO PAULO (Reuters) – Nubank Holdings Ltd’s announcement that Brazilian customers’ deposits will not yield interest in the first 30 days was seen by analysts as an important step toward reducing the digital bank’s funding costs. Nubank announced on Monday that new deposits in accounts in Brazil will remunerate costumers only if the amount stays …
Interest policy will help Nubank lower funding costs, say analysts Read More »
By David Randall NEW YORK (Reuters) – Investors are giving the shares of dividend-paying companies a second look as they seek to buttress their portfolios against surging inflation and sharp declines in asset prices. Often overlooked in favor of trendy growth names prior to the recent spike in consumer prices, the appeal of dividend payers …
Analysis-Volatile U.S. markets boost appeal of dividend stocks Read More »
By Sinéad Carew (Reuters) – Investors are bracing for a fresh slide in banking stocks, with fears of a hit from a potential recession outweighing the lure of relatively cheap valuations and a strong long-term outlook. The S&P 500 bank index has fallen almost 25% so far this year compared with a drop of roughly …
Analysis-Investors wary of cheap U.S. bank stocks on recession fears Read More »
By Svea Herbst-Bayliss, Anirban Sen and Arunima Kumar NEW YORK (Reuters) -Billionaire investor William Ackman, who had raised $4 billion in the biggest-ever special purpose acquisition company (SPAC), told investors he would be returning the sum after failing to find a suitable target company to take public through a merger. The development is a major …
Bill Ackman to wind up SPAC, return $4 billion to investors Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The bond market is pricing in a sharp deceleration in inflation over the next year, as aggressive tightening by the Federal Reserve to counter the steepest surge in prices in a generation ramps up recession concerns. The deceleration, which economists also call disinflation, is characterized by a slowing …
Inflation fatigue? Bond investors latch on to disinflation Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – As U.S. companies open their books on the second quarter in the coming weeks, investors increasingly worried about a recession will be anxious to hear what executives say about how demand is holding up in the face of higher costs. Concerns over a possible recession have already driven …
Investors anxious about a recession look to U.S. companies for guidance Read More »
