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Tuesday, March 19, 2013

Reuters Money: Bail in threatens to accelerate future bank runs: Kemp

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03/19/2013
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
Bail in threatens to accelerate future bank runs: Kemp
LONDON (Reuters) - Bailing-in depositors with banks in Cyprus is a serious policy error that will destabilize the European banking system and threatens to accelerate bank runs in future.
Raymond James introduces pay plan for hybrid advisers
(Reuters) - Raymond James Financial Inc plans to begin offering a pay plan that allows high-end financial advisers to manage money for a fee as well as collect commissions from the sale of certain products, it said on Monday.
Cyprus gets on with it: James Saft
(Reuters) - Unfair and a bungle it may be, but the plan to levy bank deposits in Cyprus does have its virtues.
Anticipation is the name of Mihir Worah's game
NEW YORK (Reuters) - Mihir Worah, PIMCO's lead inflation watcher, seems to be one step ahead of the U.S. Federal Reserve.
Why value veterans Wally and Drew Weitz focus on cash
NEW YORK (Reuters) - Veteran value investor Wally Weitz didn't have far to look when it came to picking a co-manager for his firm's mid-cap fund.
For muni investors, Oppenheimer sees a sunny Puerto Rico
(Reuters) - For investors concerned about how much longer the bond rally will run, tax-free U.S. municipal debt is an attractive option.
Surrogate pregnancies on rise despite cost hurdles
CHICAGO (Reuters) - Margaret DiSantis always wanted a child.
Fidelity manager says healthcare law, cuts will hit biotech
(Reuters) - The healthcare overhaul and the U.S. federal budget cuts could complicate the long-term growth for the biotech sector, which has been on a roll in recent years. Even so, the outlook for inventive companies is strong, says the manager of a top-performing biotech fund.
Jury indicts former Calpers CEO for fraud scheme
SAN FRANCISCO (Reuters) - A former chief executive of Calpers, the largest U.S. public pension fund, was indicted on federal conspiracy charges in connection with a scheme to commit fraud, the U.S. Department of Justice said on Monday.
Reform-minded Congress panel to eye state, local tax breaks
WASHINGTON (Reuters) - A congressional panel on Tuesday will delve into two major tax breaks - one for state and local tax payments, and one for municipal bond interest. Both highlight the painful choices lawmakers face as they seek to clean up the tax code.
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