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Bank Vontobel will acquire the international portfolio of U.S.-based clients from Swiss private banking peer Lombard Odier as it seeks to expand its footprint in the region, Vontobel said on Friday. . . more
China's banking regulator said on Friday it plans to start letting funds from products publicly sold by banks' wealth management subsidiaries be directly invested in shares. . . more
Investors slammed U.S.-based stock funds during the latest week, pulling $17.5 billion, the most cash from such investments since June, according to Lipper data on Thursday. . . more
Goldman Sachs Group Inc on Thursday joined the growing list of high-profile businesses snubbing a Saudi investment conference next week amid mounting pressure on Riyad over the disappearance of... . . more
The largest U.S. brokerage by sales force Morgan Stanley told its top brokers on Thursday that if they commit to handing off their clients to another broker at the firm when they retire, they can... . . more
U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan. . . more
Goldman Sachs economists on Thursday said the firm remained "comfortable" with its call for five more interest rate hikes two more than priced in financial markets through the end of 2019. . . more
A growing number of U.S. seniors are choosing Medicare Advantage, the popular private insurance alternative to traditional coverage. But a new report by federal investigators finds that Advantage... . . more
Americans could dig a $2.5 trillion hole in the country's retirement system as they fail to pay back loans taken from workplace retirement plans over the next 10 years, according to a new study from... . . more
With mortgage applications falling to their lowest since late-2014, the U.S. home lending industry is facing a major overhaul in how it works and manages staffing levels. . . more
Wed, 17 Oct 2018 22:07:22 -0400 
As U.S. high school seniors pare down their college wish lists and parents sweat over the bills, a new study by student loan lender Sallie Mae illustrates the gulf between the sticker price of... . . more
Four major U.S. public funds that hold shares in Facebook Inc on Wednesday proposed removing Chief Executive Officer Mark Zuckerberg as chairman following several high-profile scandals and said they... . . more
U.S. consumers filed the fewest requests for a mortgage since late 2014 last week as most home borrowing costs reached their highest levels in more than seven years, the Mortgage Bankers Association... . . more
Insurers from across the world have called for amendments and a two-year delay to a change in accounting rules aimed at increasing visibility of how they earn their money. . . more
Tue, 16 Oct 2018 19:33:44 -0400 
When the Chicago Board of Trade closed for business on Monday, November soybean futures ended up 24 cents on the day, and nearly 80 cents off the contracts all-time low from a month earlier. . . more


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