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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Reuters: Money

A decade later, three lessons from the financial crisis

Fri, Mar 16, 2018

(The writer is a Reuters contributor. The opinions expressed are his own.) ...

Merrill Lynch keeps approach despite U.S. fiduciary rule changes: memo

Fri, Mar 16, 2018

NEW YORK (Reuters) - The head of Bank of America's Merrill Lynch wealth management said the firm remains committed to its approach in light of an appeals court's decision to overturn an Obama-era... ...

Trade body urges EU to scrap changes to supervision of funds

Fri, Mar 16, 2018

LONDON (Reuters) - A major revamp of how investment funds are managed and regulated in Europe appears to be aimed at taking business from Britain and should be scrapped because there is no evidence... ...

State Street's Kumar wants answers on shareholder rights

Fri, Mar 16, 2018

BOSTON (Reuters) - State Street Corp wants answers from companies that lack such things as independent board leaders or equal voting rights for investors, a top executive at the asset manager said,... ...

White House seeks to make personal income tax cut permanent

Thu, Mar 15, 2018

WASHINGTON (Reuters) - The Trump administration and Republicans in Congress are seeking to make temporary personal income tax cuts passed last year permanent, White House spokesman Raj Shah said on... ...

U.S. appeals court voids Obama-era 'fiduciary rule'

Thu, Mar 15, 2018

(Reuters) - A federal appeals court on Thursday voided the U.S. Department of Labor's "fiduciary rule," an Obama administration measure adopted in 2016 meant to curb conflicts of interest among... ...

French regulator asks UK funds about Brexit plans

Thu, Mar 15, 2018

LONDON (Reuters) - France's financial markets regulator said on Thursday it had written to British-based investment firms active in the country and French firms with UK clients to ask about their... ...

Goldman Sachs sees reshaping of industries driving M&A

Thu, Mar 15, 2018

NEW ORLEANS (Reuters) - Major shifts in industries ranging from semiconductors and food to beverages and pharmaceuticals will keep fueling the blistering pace of mergers and acquisitions, one of... ...

Legal battle over Credit Suisse 'volatility' product expands to second firm

Thu, Mar 15, 2018

NEW YORK (Reuters) - The legal fight over a complex Credit Suisse financial instrument betting on stock market swings is expanding, with a new lawsuit targeting one of the product's service providers. ...

JPMorgan to launch umbrella bond index covering all sectors

Thu, Mar 15, 2018

LONDON (Reuters) - JPMorgan will launch a new overall bond index on Thursday that will unify all of the bank's flagship bond indexes that cater to specific areas such as government bonds and emerging... ...