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Thursday, August 31, 2017
Under investor pressure, Goldman to explain trading strategy
NEW YORK (Reuters) - Goldman Sachs Group Inc will detail plans to turn around performance at its core bond-trading unit next month after unusual pressure from large investors frustrated by vague explanations of its troubles, people familiar with the matter told Reuters.
When should you retire? Consult this checklist of questions
CHICAGO (Reuters) - The question sounds simple, but it is tough to answer: At what age should you retire?
Muni prices stable amid Texas floods, but investors watch for risks
BOSTON/NEW YORK (Reuters) - Longtime municipal finance maven Marilyn Cohen unloaded several million dollars worth of Houston-area utility bonds on Tuesday even though she did not see a high risk to the debt - because a few of her clients were getting nervous.
Fund firms with more competition outperform: James Saft
(Reuters) - Unpleasant it may be, but investors do better if the mutual funds they hold are managed by companies with an ethos more like that of a viper pit than a kindergarten.
China's wealth managers look to profit from risk and capital crackdowns
HONG KONG (Reuters) - As regulatory crackdowns in China hit risky investment products and capital outflows, the country's private banks are looking to profit as they target a bigger share of growing wealth in the world's second-largest economy.
U.S. stock fund flows improve after 2017's biggest withdrawals: ICI
NEW YORK (Reuters) - Withdrawals from U.S.-based stock funds eased after rising to the highest this year earlier this month, Investment Company Institute (ICI) data showed on Wednesday.
American Express targets debt-leery consumers with new card features
NEW YORK (Reuters) - American Express Co is unveiling a new option that could tempt young, budget-conscious consumers into taking on credit card debt.
Cash is king for U.S. fund investors wary of stocks
NEW YORK (Reuters) - Investors socked savings away and opted against loading up on U.S. stocks during the latest week, Lipper data for U.S.-based funds showed on Thursday.
Risk of sharp currency moves drives investors into hedged ETFs
LONDON/NEW YORK (Reuters) - Investors have been piling into currency-hedged equity tracker funds, seeking protection against big moves in foreign exchange rates.
Liechtenstein's LGT Bank plays up princely ties to woo Asian clients
ZURICH (Reuters) - Liechtenstein's LGT Bank, owned by the mini-state's ruling family, hopes to stand out in Asia's crowded private banking market by touting the clan's own track record of preserving wealth.
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