Column-The new US Social Security forecast: what it means for retirees
By Mark Miller (Reuters) – The forecast for Social Security got a bit more cloudy last week, with the program’s…
Business
Hedge funds retrench after getting pummeled during wild March
By Nell Mackenzie, Carolina Mandl and Summer Zhen LONDON/NEW YORK/HONG KONG (Reuters) – March’s market turmoil has forced many macro…
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…
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…
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…
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…
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…
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…
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…
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…