| | | BlackRock expects windfall from insurers after new ETF regulations | | | NEW YORK (Reuters) - BlackRock Inc expects $300 billion in new money from insurers to flood into the already booming bond exchange-traded fund sector over the next five years, a spokeswoman said on Tuesday, following a move by regulators to adjust some requirements on how the investments are valued. |
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| | | Your Money: Strategies to cope with permanent debt | | | NEW YORK (Reuters) - Most people think of debt as a temporary condition: Something you accumulate early in life, chip away at during prime earnings years, and say good riddance to well before retirement. |
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| Investment funds urge shareholders to vote down Mylan board, pay | | | NEW YORK (Reuters) - The New York City and State pension funds and the California State Teachers' Retirement System are fighting the re-election of six board members at drugmaker Mylan Inc and its 2016 executive pay including Chairman Robert Coury's compensation of more than $97 million. |
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| Bank customers overwhelmingly reject robo-advisers: survey | | | LONDON (Reuters) - The vast majority of bank customers in Europe would not let a computer program make and act upon financial decisions on their behalf, a survey showed on Wednesday, in a sign of caution over the rising so-called robo-advice industry. |
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| U.S. insurer FM Global approved for EU hub amid Brexit concerns | | | (Reuters) - U.S. commercial property insurer FM Global has approved to run a European hub in Luxembourg, a move allowing it to issue policies in the European Union and other countries following Britain's decision to leave the bloc, the company said on Tuesday. |
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| Ex-N.Y. brokerage executive pleads guilty to pension bribe scheme | | | NEW YORK (Reuters) - A former managing director at broker-dealer Sterne Agee pleaded guilty on Tuesday to bribing a former portfolio manager at New York state's retirement fund in exchange for tens of millions of dollars' worth of business, federal prosecutors said. |
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| | | Traders trim view on U.S. rate hikes after Fed minutes | | | NEW YORK (Reuters) - U.S. interest rate futures ended higher on Wednesday as traders scaled back bets on two more rate increases by the end of 2017 following the Federal Reserve's release of its May 2-3 policy meeting minutes. |
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