More Money Matters News

23 May 2017

U.S. Federal Home Loan Banks rely less on short-term debt: FHFA's Watt

(Reuters) - The U.S. Federal Home Loan Bank system has made progress in depending less on short-term debt to fund its longer-term assets through the sale of longer-dated bonds, Federal Housing Finance Agency Director Melvin Watt said on Tuesday.

23 May 2017

U.S. Labor Secretary says fiduciary rule to take effect on June 9 with no more delays: Wall Street Journal

(Reuters) - The "fiduciary rule" aimed at preventing brokers from recommending inappropriate retirement investments, will take effect on June 9 with no further delays, U.S. Labor Secretary Alexander Acosta said on Monday in an opinion piece in the Wall Street Journal.

22 May 2017

Julius Baer's assets under management reach 356 billion Swiss francs at end of April

ZURICH (Reuters) - Swiss private bank Julius Baer said on Monday its assets under management rose 6 percent in the first four months of the year to 356 billion Swiss francs ($365.3 billion).

19 May 2017

Hedge funds cut long U.S. crude positions for fourth week: CFTC

(Reuters) - Hedge funds and money managers cut bullish bets on U.S. crude for the fourth straight week due to ongoing concerns about rising output and the effectiveness of OPEC supply cuts.

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