Bhinneka News Online: Bank of America takes tax hit, vows longer-term boost

Thursday 18 January 2018

Bank of America takes tax hit, vows longer-term boost

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Thursday, January 18, 2018

Bank of America takes tax hit, vows longer-term boost

(Reuters) - Bank of America Corp's quarterly profit was nearly chopped in half by tax-related charges but the lender's management promised the new U.S. tax system would eventually benefit shareholders.

Wells Fargo's chief risk officer to retire

(Reuters) - Wells Fargo & Co said on Wednesday Chief Risk Officer Mike Loughlin will retire, and a successor will be appointed in the next few months.

Sovereign investor 2017 deal values down 24 percent at $72 billion

LONDON (Reuters) - Sovereign investor deal-making fell 24 percent in 2017 to $72.5 billion as megadeals such as China Investment Corp's (CIC) bumper $13.8 billion buy of warehouse firm Logicor, which led the pack, were thin on the ground.

Cboe gets nod to challenge NYSE, Nasdaq for closing stock orders

NEW YORK (Reuters) - The Securities and Exchange Commission on Wednesday approved a proposal from No. 2 U.S. stock exchange operator Cboe Global Markets Inc to compete for end-of-day orders for stocks listed on the New York Stock Exchange and Nasdaq Inc.

U.S. investors' love affair with bonds unshaken by rising yields

NEW YORK (Reuters) - U.S. fund investors stampeded into bonds and world stocks during the latest week, ignoring warning signs about stretched prices, according to the Investment Company Institute (ICI).

U.S. companies list blockchain ETFs as bitcoin proposals languish

NEW YORK (Reuters) - Investors looking to profit from excitement surrounding bitcoin technology will get a new opportunity this week.

NYSE to launch new NYSE National exchange in second quarter

NEW YORK (Reuters) - New York Stock Exchange parent Intercontinental Exchange Inc (ICE) plans to launch its fourth U.S. stock market, NYSE National, in the second quarter, according to a recent regulatory filing.

Pimco doubts U.S. will enact infrastructure spending, welfare reform in 2018

NEW YORK (Reuters) - Investment firm Pimco thinks it is unlikely that Washington will enact welfare reform or a major spending plan to improve bridges, roads and other infrastructure in 2018, Libby Cantrill, Pimco's head of public policy, said on Tuesday.

Greenlight's Einhorn bets on Brighthouse, makes money on GM

BOSTON (Reuters) - Hedge fund manager David Einhorn told investors on Tuesday that he made a "large" bet on insurer Brighthouse Financial late last year, and had made money on General Motors but lost by shorting Amazon and Tesla.

Stock 'fear index' snaps out of extended snooze, jumps to six-week high

NEW YORK (Reuters) - A widely followed gauge of expected near-term stock price gyrations perked up on Tuesday to a six-week high as traders took to the equity options market to pick up some protective contracts.