| | | Vanguard CEO cites 'inherent conflict' in paying brokerages to sell funds | | | NEW YORK (Reuters) - Vanguard Group Chief Executive Officer Bill McNabb said on Thursday that Morgan Stanley had decided to stop selling its mutual funds because the largest U.S. brokerage by salesforce wants "to be compensated for being on their platform in one way or another, and that's something we just won't do." |
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| | | Jay Clayton sworn in as chairman of the U.S. SEC | | | WASHINGTON (Reuters) - Wall Street attorney Jay Clayton was officially sworn in as chairman of the U.S. Securities and Exchange Commission by U.S. Supreme Court Justice Anthony Kennedy on Thursday, the agency announced. |
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| | | Milken's big money investors 'grind it out' as bull market ages | | | NEW YORK (Reuters) - Top investment fund managers at the Milken Institute Global Conference this week said they had little choice but to focus on unusual and complicated corners of the financial markets as stock markets have risen and interest rates remain low. |
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| | | Morgan Stanley drops Vanguard mutual funds | | | NEW YORK (Reuters) - Morgan Stanley, the largest U.S. brokerage by salesforce, said on Wednesday it is dropping mutual funds from Vanguard Group, the largest U.S. mutual fund firm. |
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| | | Are high profits here to stay? | | | (Reuters) - Investors betting that the high level of U.S. corporate profits will revert to the “old normal” may have a long and costly wait on their hands. |
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| | | First Jobs: A toast to how winemakers got their starts | | | NEW YORK(Reuters) - Not all of the world's most notable winemakers are to the manor born, and they are not all from France or Italy. Some took a more circuitous route to the vineyard and now toil anywhere from Napa Valley to New Zealand. |
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