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Wednesday, January 31, 2018
U.S. stock pullback stokes fears of more volatility
NEW YORK (Reuters) - Tuesday's stock selloff on Wall Street set traders in the options market fretting about a near-term shock to equities in a way they have rarely done since U.S. President Donald Trump took office a year ago.
SEC's chief enforcement accountant to leave agency
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission announced Tuesday its chief accountant for enforcement matters would leave the agency next month.
Och-Ziff taps outsider as CEO, replacing founder
(Reuters) - Och-Ziff Capital Management on Tuesday appointed an outsider as chief executive to replace the investment firm's founder, roughly four weeks after plans to name one of its top money managers as CEO were put on hold.
Wells Fargo names new head of regulatory relations
(Reuters) - Wells Fargo & Co on Tuesday appointed Sarah Dahlgren as its head of regulatory relations, effective March 12.
JPMorgan promotes Pinto and Smith, fueling race to succeed Dimon
NEW YORK (Reuters) - JPMorgan Chase & Co on Monday promoted Daniel Pinto and Gordon Smith to be co-presidents and co-chief operating officers, a move seen as heightening competition for the job of CEO held by Jamie Dimon.
U.S. pensions seen adding bonds, paring stocks: Wells Fargo
NEW YORK (Reuters) - U.S. pensions are expected to shift more money into bonds and out of equities to rebalance their holdings at month-end in the wake of strong gains in the stock market in January, Wells Fargo strategists said on Monday.
U.S. stocks, VIX dance in tandem in break with history
NEW YORK (Reuters) - A rising U.S. stock market normally reduces fear among investors, but the blistering pace of the current rally has instead also driven up the anxiety factor in the market.
U.S. wage growth, tax-bonuses spark shopping in retail stocks
NEW YORK (Reuters) - U.S. fund managers are betting that rising wages and the effects of the Republican-led corporate tax cut will prove a lifeline to middle-market retailers who have struggled to remain relevant in the age of Amazon.
Goldman, Barclays, SocGen interested in Commerzbank unit: Handelsblatt
(Reuters) - Wall Street investment bank Goldman Sachs Group Inc, Britain's Barclays Plc and French lender Societe Generale SA are interested in buying the Equities, Markets and Commodities (EMC) division of Germany's Commerzbank AG, Handelsblatt reported on Thursday.
Ackman made new bet on Nike, Namvar to transition to advisory board
NEW YORK (Reuters) - Billionaire investor William Ackman said on Thursday that his hedge fund Pershing Square Capital Management made a new bet on sportswear company Nike last year that has already earned his portfolio a roughly 30 percent return.
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