By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON/NEW YORK/HONG KONG (Reuters) – March’s market turmoil has forced many macro and trend-following hedge funds to […]
What crisis? U.S. bank-focused ETFs see strongest demand in months in March
By Lisa Pauline Mattackal (Reuters) – March recorded the worst U.S. bank failures since the 2008 crisis, but that did not stop some investors from […]
Hindenburg says Block response confirms it inflated Cash App user counts
(Reuters) – U.S. short seller Hindenburg Research said on Friday Block Inc’s response to its allegations confirmed it had reported inflated user counts on its […]
Trump-linked stocks gain on attracting retail traders’ attention
(Reuters) -Shares of companies tied to former U.S. President Donald Trump gained in early trading on Friday, drawing interest from retail investors after the ex-president […]
Citigroup hires BofA Merrill’s head Andy Sieg to lead wealth unit
By Lananh Nguyen and Jaiveer Shekhawat (Reuters) -Citigroup Inc hired Andy Sieg to lead its global wealth arm, the lender said on Thursday, from Bank […]
How a massive options trade by a JP Morgan fund can move markets
By Saqib Iqbal Ahmed (Reuters) -A nearly $15 billion JP Morgan fund is expected to reset its options positions on Friday, potentially adding to equity […]
Wells Fargo to pay $97 million for sanctions compliance failures
By Hannah Lang (Reuters) -Wells Fargo & Co will pay fines of about $97.8 million for inadequate oversight of its compliance risks, enabling the apparent […]
Shorting global banks fetches $14.3 billion in paper profit in March – S3 Partners
(Reuters) – Short sellers made $14.3 billion in paper profit from their bearish bets on global banking stocks in March, according to analytics firm S3 Partners, […]
BlackRock calls on clients to rethink hedging strategy after UK pension crisis
By Tommy Wilkes LONDON (Reuters) – BlackRock’s liability-driven investment business is urging some smaller UK pension fund clients to stop splitting assets across multiple managers, […]
How to talk to your aging parents about safe driving
By Chris Taylor NEW YORK (Reuters) – Patti Black remembers it like it was yesterday: The conversation no adult child ever wants to have. The […]