  | | | | GENEVA (Reuters) - Switzerland has no choice but to bow to a U.S. ultimatum and sidestep its banking secrecy laws to end an investigation into how Swiss banks helped wealthy Americans to evade taxes, former Deutsche Bank head Josef Ackermann said. | | |  | | | | NEW YORK (Reuters) - Some of Wall Street's biggest brokerage firms are at odds over the bottom-line returns of a three-letter credential they are vigorously promoting to their brokers. | | | |  | | | | BOSTON (Reuters) - Fidelity Investments' Contrafund, the largest active shareholder in Apple Inc, cut its stake in the iPad and iPhone maker by a further 9 percent in April after expressing concern about heightened competition from rivals. | | | |  | | | | NEW YORK (Reuters) - Top wealth chiefs at Bank of America Corp's Merrill Lynch and Wells Fargo & Co say many retail investors are still very hesitant about getting back into equities and are urging advisers at their firms to help reignite client confidence. | | | |  | | | | SINGAPORE (Reuters) - Asia's private banking sector will consolidate further as the costs of serving wealthy clients make the business profitable for only the big firms, the head of Asia-Pacific private banking at Credit Suisse Group AG said on Monday. | | | |  | | | | (Reuters) - As Illinois lawmakers sift through the wreckage of a session that failed to produce major pension reform for their state, they are holding out hope that meetings in the coming days could lead to a resolution not achieved after months of political wrangling. | | | |  | | | | (Reuters) - Last year, Natalia Esparra, then 34 and a new bride, learned that something had gone wrong with her photographer's memory card and that all of her wedding photos had disappeared. Three recovery companies looked at the memory card, the backup hard drive and the laptop, but only 98 photos -- none with the wedding party in them -- were salvaged. | | | |  | | | | NEW YORK/ST. LOUIS (Reuters) - These are unsettling times for digital currency businesses and the venture capitalists backing them. | | | | | BEIJING (Reuters) - China's securities watchdog has punished two brokerages for violating rules in helping fraudulent firms to list shares, underlining Beijing's determination to bring credibility to a stock market some have likened to a casino. | | | |  | | | | WASHINGTON (Reuters) - U.S. consumer spending fell in April for the first time in almost a year and already low inflation declined further, undercutting arguments for a near-term tapering of the Federal Reserve's bond-buying stimulus. | | | | |  |  | | | 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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