U.S. CFPB’s bid to curb late credit card fees faces strong opposition
By Niket Nishant (Reuters) – A U.S. consumer watchdog’s proposal to slash late fees on credit cards is facing a…
Economy
Stock pickers reckon it’s time to move on from central banks
By Naomi Rovnick LONDON (Reuters) -Stock market investors are calling time on the idea that the Federal Reserve, and other…
Private equity firms lend less as demand cools
By Chibuike Oguh (Reuters) – Private equity firms that have for years capitalized on the regulatory woes of banks by…
Analysis-Sharp drop in equity premium may mark return of 60/40 portfolio
By Mehnaz Yasmin (Reuters) – The reward for holding U.S. stocks over Treasury bonds has not been this unattractive since…
Elliott nominates slate of directors to Salesforce board – source
By Svea Herbst-Bayliss (Reuters) -Activist investor Elliott Management Corp has nominated a slate of directors to the board of cloud-based…
Hedge funds that did best in 2022 could fare worst in 2023 – BNP
By Nell Mackenzie LONDON (Reuters) – Trend following hedge funds that outperformed rivals in 2022 will likely underperform this year,…
Hedge funds unimpressed by Chinese internet giants’ peppy earnings
By Summer Zhen HONG KONG (Reuters) – A set of bumper earnings reports from the likes of Baidu Inc and…
In Justice Jackson’s first ruling, US Supreme Court decides MoneyGram case
By Nate Raymond (Reuters) – In the first ruling written by President Joe Biden’s appointee Justice Ketanji Brown Jackson, the…
Higher expenses weigh down U.S. bank profits in 2022 – FDIC
By Pete Schroeder WASHINGTON (Reuters) -U.S. banks reported a 5.8% decline in profits in 2022 as firms spent more on…
Goldman Sachs executives to rally investors in New York
NEW YORK (Reuters) – Goldman Sachs Group Inc’s Chief Executive David Solomon and top executives will give investors an update…