ZURICH (Reuters) – UBS Group will impose from November a negative interest rate of 0.75% on wealthy clients who deposit more than 2 million Swiss francs ($2.02 million) with its Swiss bank, it said on
By David Randall NEW YORK (Reuters) – Investors retreated from the U.S. stock market last week despite the benchmark S&P 500 reaching new record highs, pulling nearly $9.1 billion from mutual funds
By Svea Herbst-Bayliss (Reuters) – Frustrated by high fees and uninspiring returns, pension funds, sovereign wealth funds and other big institutional investors are demanding U.S. activist hedge funds
By Svea Herbst-Bayliss BOSTON (Reuters) – Proxy advisory firm Institutional Shareholder Services on Thursday urged Occidental Petroleum Corp shareholders to ask management to let them weigh in on
(This June 26 story corrects the penalty rules to 100% of last year’s tax from 90% in paragraph 20) By Beth Pinsker NEW YORK (Reuters) – The Internal Revenue Service would like American taxpayers to
(This version of the July 10th story corrects Desmond-Hellmann’s title to chief executive from president in second paragraph) By Chris Taylor NEW YORK (Reuters) – If you had $50 billion to try to
By Chris Taylor NEW YORK (Reuters) – Buying a grill can be a burning issue for barbecue aficionados.
By Beth Pinsker NEW YORK (Reuters) – Looking for the best interest rate for your savings account? The landscape is about to change dramatically.
By Paulina Duran SYDNEY (Reuters) – Australia’s prudential regulator said it intends to prescribe stricter terms on executive pay policies of the country’s large banks, retirement funds and insurers