Reuters - Money

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Monday, February 5, 2018

Apple, Cisco team up with insurance companies to offer cyber policy discounts

(Reuters) - Apple Inc and Cisco Systems Inc have teamed up with insurer Allianz SE to offer discounts on cyber insurance to businesses that primarily use equipment from both technology companies, they said on Monday.

U.S. asset managers shake up equity research as banks cut back

NEW YORK (Reuters) - As new rules spur Wall Street banks to further shrink their research budgets, U.S. asset management firms are shoring up in-house research, and reinventing the stockpicking business in the process.

Fed orders Wells Fargo to halt growth over compliance issues

WASHINGTON/NEW YORK (Reuters) - Wells Fargo & Co detailed new regulatory restrictions imposed by the U.S. Federal Reserve on Friday that sent its shares down sharply in after-hours trading, as the third-largest U.S. bank continues to reel from a sales scandal that erupted in 2016.

Interest rate angst trips up U.S. equity bull market

NEW YORK (Reuters) - For nearly nine years, the global hunt for yield sent you to one place: the U.S. stock market.

Amazon stock market value on verge of eclipsing Microsoft

(Reuters) - Amazon.com Inc's shares surged on Friday, pushing its stock market value above $700 billion and threatening to eclipse Microsoft Corp, a day after the online retailing behemoth reported blockbuster results.

U.S. investor group concerned SEC decisions roll back proxy rights

BOSTON (Reuters) - A group representing large investors voiced concern that the U.S. Securities and Exchange Commission is undoing protections for shareholders to bring proxy resolutions opposed by management.

Western banks make push into Japanese dealmaking as fee pool hits record

HONG KONG/SINGAPORE/TOKYO (Reuters) - Western banks are bulking up in Japan, attracted by record investment banking fees and expectations of a rise in dealmaking as cashed-up companies in the world's third-largest economy step up their hunt for overseas targets.

Dreading your taxes? Try filing as U.S. military

NEW YORK (Reuters) - No matter how U.S. tax policies evolve in the future, it is doubtful that members of the U.S. military will ever be able to file tax returns on a postcard. Their jobs simply make it too complicated.

Wells Fargo loses big client after dialing up risk in retirement funds

BOSTON (Reuters) - After Wells Fargo & Co decided to ramp up risk in its flagship age-based retirement funds last year, one of its largest customers decided to call it quits, unhappy with the new investment strategy and how the bank handled the transition.

Wells Fargo says hardly any pay disparity for women, minority staff

BOSTON (Reuters) - Wells Fargo & Co pays female and racial minority employees very close to what male and white employees earn, an executive said, making the bank the third top U.S. lender to detail its pay ratios in recent weeks.