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Current feed - Reuters: Wealth

U.S. banking regulators unveil proposal to update low-income lending standards
Two U.S. banking regulators unveiled a proposed overhaul to community lending standards on Thursday, kicking off a contentious policy fight over the proper way to ensure banks are supporting...

DoubleLine's Gundlach sees risk for U.S. credit when dollar weakens
The U.S. dollar's next big move will be lower, which could lead to a significant fall in U.S. bond prices and a slew of downgrades, Jeffrey Gundlach, chief executive of DoubleLine Capital said on...

BlackRock Investment Institute 'modestly positive' on risk assets for 2020
BlackRock Investment Institute said on Tuesday it was cautiously rotating into cyclical assets, Japanese equities and emerging markets.

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Ackman's Pershing Square makes new bet on Agilent Technologies
Billionaire investor William Ackman's hedge fund Pershing Square Capital Management said Monday it bought shares in testing equipment company Agilent Technologies Inc, only its second new investment...

Investor to oppose Instructure's plans to sell to Thoma Bravo
Rivulet Capital, a large investor in Instructure Inc, on Thursday said it will resist the U.S. educational software company's plan to sell itself to private equity firm Thoma Bravo for $2 billion,...

Top U.S. stockpickers keep low profile
The co-managers of the best stock mutual fund of this decade work out of a small office in Los Angeles, rarely talk with the financial media and have never appeared as guests on CNBC looking to raise...

U.S. banking regulators urge 'responsible use' of alternative lending data
U.S. banking regulators said on Tuesday that lenders must have robust compliance tools in place to ensure "responsible use" of non-traditional sources of financial data to help determine whether a...

U.S. consumer watchdog proposes exemptions for banks, credit unions on remittances
The U.S. consumer watchdog on Tuesday proposed making permanent an exemption that allows certain banks and credit unions to estimate the international remittance fees they charge consumers in...

U.S. stock funds see fourth straight week of outflows: Lipper
U.S. equity stock funds saw $390 million in outflows in the week ended on Wednesday, the fourth straight week of outflows for such funds, according to data released by Lipper on Friday.

Your Money: On #GivingTuesday, companies turbocharge holiday giving efforts
Four years ago, PayPal set out to break the Guinness World Record for the most money raised online for charity in 24 hours.

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