Bhinneka News Online: Reuters Money: July 26, 2017

Wednesday 26 July 2017

Reuters Money: July 26, 2017

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Wednesday, July 26, 2017

Exclusive: Goldman Sachs retreats from ETF lead market making

NEW YORK (Reuters) - Goldman Sachs Group Inc is pulling back substantially from trading that helps backstop the fast-growing use of U.S. exchange-traded funds, giving smaller firms an opportunity to grab market share.

Your Money: The high price of ignoring financial advice

NEW YORK (Reuters) - People hire financial advisers with the very obvious goal of getting advice on how to handle their money. So why do investors often cut advisers out of consequential decisions?

Wall Street regulator sets sights on digital coin offerings

(Reuters) - Wall Street's main regulator said on Tuesday that initial coin offerings (ICOs), a means of crowdfunding for blockchain technology companies, should be subject to the same safeguards required in traditional securities sales.

FTSE Russell says most investors support voting rights for index inclusion

BOSTON (Reuters) - Index provider FTSE Russell said on Tuesday that a majority of investors it surveyed supported its suggestion that companies should offer at least some voting rights in order to be included in its stock indexes.

Wells Fargo asks court to require client information be returned

NEW YORK (Reuters) - Wells Fargo & Co has asked judges in New York and New Jersey to require a lawyer representing a former employee to immediately return reams of client information the bank mistakenly sent to the attorney, a bank spokeswoman said on Monday.

Direct lending funds' fading all-weather appeal

NEW YORK (Reuters) - Miami-area money manager Bob Press appears to offer the ultimate all-weather investment: a "direct lending" hedge fund that does not require a long-term commitment and has produced nearly 90 straight months of positive returns not correlated to other markets.

Carlyle seeks $15 billion for its seventh U.S. buyout fund: Bloomberg

(Reuters) - Private equity firm Carlyle Group LP is looking to raise $15 billion for its next U.S. buyout fund, Bloomberg reported on Monday, citing people familiar with the matter.

Global investors turn to stocks - canny bet or market top?: James Saft

With equity indexes at all-time highs, global mutual fund and ETF investors may be choosing now as the time to reverse a long-running move into bonds and out of equities.

U.S. attempt to limit Wall Street bonuses fizzles out quietly

(This July 20 story corrects name to National Association of Federally-Insured Credit Unions in paragraph ten)

Japan's Mizuho chooses Frankfurt for post-Brexit EU hub

TOKYO (Reuters) - Japan's Mizuho Financial Group said it would set up a subsidiary in Frankfurt, the latest Japanese bank to choose the German city as its new base in the European Union as Britain prepares to leave the bloc, termed Brexit.