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Monday, June 24, 2013

Reuters Money: Supreme Court's arbitration ruling puts consumers on notice

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06/24/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Supreme Court's arbitration ruling puts consumers on notice
(Reuters) - Just about anyone who has a credit card, bank account or a relationship with a financial services company is likely to have agreed to settle a dispute through arbitration and forfeit the right to sue.
Exclusive: Cantor Fitzgerald to start wealth management business
NEW YORK (Reuters) - New York firm Cantor Fitzgerald, which is branching out from its core business of electronically trading bonds with other brokers, plans to start managing assets for wealthy individuals around the end of the year, a company spokeswoman confirmed.
Investors poured $4.8 billion into stock funds ahead of Fed
NEW YORK (Reuters) - Investors worldwide poured $4.8 billion into stock funds in the latest week, reversing the prior week's outflows, on expectations that the U.S. Federal Reserve would keep its bond-buying steady, data from EPFR Global showed on Friday.
Picking a donor-advised fund provider
(Reuters) - Charitably-inclined clients can give to their favorite causes and reap big tax benefits if they are introduced to the world of donor-advised funds. And advisers who make that introduction - and help their clients decide where and how to set up their funds - will broaden their appeal to clients.
Swiss government delays bid to settle U.S. tax dispute
ZURICH (Reuters) - The Swiss government will consider ways to allow the country's banks to hand over information to U.S. authorities either next Wednesday or a week later, a spokesman said on Friday, later than previously indicated.
Rural retirement can be early and on the cheap
MOUNTAIN VIEW, Missouri (Reuters) - When my parents moved to the outskirts of this rural town more than 20 years ago, I thought they were insane.
Exclusive: Blackstone interviewing banks for Brixmor IPO - sources
(Reuters) - Blackstone Group LP is interviewing investment bankers for a proposed initial public offering of its neighborhood shopping center company Brixmor Property Group Inc, according to two people familiar with the process.
Accounting rules mask banks' financial health: investors
LONDON (Reuters) - Major UK shareholder groups took a fresh swipe at "unreliable" accounting rules which make it harder for them to assess the strengths of the companies they invest in.
Morgan Stanley finishes wealth business buyout
(Reuters) - Morgan Stanley said it will buy the rest of its wealth-management joint venture with Citigroup Inc by the end of the month, completing a deal started during the financial crisis that was designed to stabilize both banks.
U.S. taxable bond funds suffer third week of outflows: Lipper
NEW YORK (Reuters) - Investors in funds based in the United States pulled $508 million out of taxable bond funds in the latest week, marking the first three-week outflow streak from the funds since August 2011, data from Thomson Reuters' Lipper Service showed on Thursday.
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