  | | | | NEW YORK (Reuters) - Two pension funds filed a lawsuit against Blackrock, alleging that the world's biggest asset manager had "looted" securities-lending revenues from iShares exchange-traded funds investors, and breached its fiduciary duties. | | |  | | | | (Reuters) - Bank of America Corp, the No. 2 U.S. bank by assets, on Saturday said its mobile and online banking systems were working again after crashing on Friday. | | | |  | | | | NEW YORK (Reuters) - J.P. Pagoadacruz was sitting in a restaurant with friends one night when he realized he had forgotten his wallet. What might have been an embarrassment turned out to be no problem, though, because he had remembered to bring his phone. In a matter of seconds, he transferred money to a friend, using an app for a payment service called Venmo. | | | |  | | | | NEW YORK (Reuters) - You might think that Sunday's Super Bowl XLVII between the Baltimore Ravens and the San Francisco 49ers, which pits brothers John and Jim Harbaugh against one another as coaches, is all about the game. | | | | | | CHICAGO (Reuters) - Whenever there is an extended rally in the stock market, blazing lights go on in the heads of Main Street investors, signaling that it is time to join the party. | | | |  | | | | (Reuters) - Millionaire golfer Phil Mickelson's recent musings on leaving California to avoid its high taxes seemed to support the idea, popular in some state capitals nowadays, that Americans will flee high-tax states for low-tax ones. | | | | | | (Reuters) - Legg Mason Inc sees a new revenue-sharing agreement with its Permal affiliate as a "good framework" for similar deals with other units, interim Chief Executive Joseph Sullivan said on Friday. | | | | | | (Reuters) - Money manager Franklin Resources Inc, which runs the Franklin and Templeton funds, said Friday its quarterly profit grew 7 percent, beating analysts' expectations even as additional investments from customers slowed to a trickle. | | | | | (Reuters) - A proposal by Wall Street's industry-funded watchdog designed to strengthen protections for investors would make it easier for them to research the backgrounds of brokerages and advisers. | | | |  | | | | CEDAR RAPIDS, Iowa (Reuters) - A judge on Thursday sentenced the founder of Peregrine Financial Group to 50 years in prison for looting hundreds of millions of dollars from the brokerage, saying his customers would probably never recover the money they lost. | | | | |  |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | |  | |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | | | | | » MORE NEWSLETTERS | |
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