(Reuters) – UBS appointed three banking veterans to lead its equity capital markets (ECM) unit in the U.S., as the world’s biggest wealth manager looks to ramp up other divisions after its[...]
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April 2, 2024
Exiled Chinese businessman Guo Wengui must face US fraud indictment
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Tuesday rejected exiled Chinese businessman Guo Wengui’s bid to dismiss an indictment accusing him of defrauding thousands of inves[...]
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Indexes end lower as Tesla drops, rate cut timing weighed
By Caroline Valetkevitch NEW YORK (Reuters) -U.S. stocks fell on Tuesday as investors weighed chances that the Federal Reserve could delay cutting interest rates, while Tesla shares dropped after the[...]
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FCC to vote to restore net neutrality rules, reversing Trump
By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Communications Commission will vote to reinstate landmark net neutrality rules and assume new regulatory oversight of broadband intern[...]
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Morning Bid: Investors hunker down as perfect storm breaks
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. The perfect storm of higher bond yields, corporate jitters and rising price pressures that hit Wall Street on Tuesday look[...]
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US bank regulator eyes scrutiny of asset manager stakes in banks
By Pete Schroeder (Reuters) -A top U.S. banking regulator is considering a plan to ensure asset management giants BlackRock, Vanguard and State Street stick to their passive roles when it comes to inv[...]
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Citigroup urges dismissal of ‘misguided’ New York lawsuit over fraud scams
By Jonathan Stempel NEW YORK (Reuters) – Citigroup on Tuesday urged a federal judge to dismiss New York Attorney General Letitia James’ lawsuit accusing its Citibank unit of failing to rei[...]
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Vanguard’s vote helps extend Disney’s lead in boardroom fight
By Svea Herbst-Bayliss and Dawn Chmielewski NEW YORK (Reuters) -Walt Disney’s largest investor, Vanguard Group, on Tuesday voted to elect the entertainment giant’s incumbent directors, all[...]
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Fed officials see three rate cuts ‘reasonable’ this year
By Ann Saphir and Michael S. Derby (Reuters) -A pair of Federal Reserve policymakers often considered to have divergent monetary policy leanings on Tuesday both said they think it would be “reas[...]
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