Money and Investing Reporter, Wall Street Journal
blogs.wsj.com — J.P. Morgan's much-anticipated shareholder meeting on Tuesday saw CEO James Dimon win a vote to hang on to his dual role of chairman and chief executive. A handful of institutional investors are thought to have swung the vote in Dimon's favor. So far, most major institutional shareholders have declined to say how they voted.
bloomberg.com — Jack Lew isn't your average baby boomer. There's that Treasury Secretary thing, for starters. What may be even more impressive than his resume, though, is his portfolio of low cost, index-tracking exchange-traded funds. Unlike the vast majority of baby boomers, who don't use ETFs at all, Lew is saving himself thousands of dollars per year in fees and beating a solid two-thirds of active mutual fund managers.
bloomberg.com — Bond investors don't perceive the six biggest U.S. banks as "too big to fail," according to a report from one of those lenders, Goldman Sachs Group Inc. The half-dozen largest U.S. banks by assets have had an average funding-cost advantage over smaller competitors of 0.31 percentage point since 1999, according to the report from the New York-based firm.
newsandinsight.thomsonreuters.com — By Ross Kerber BOSTON (Reuters) - Five independent broker-dealers will pay at least $9.6 million in fines and restitution to settle what Massachusetts' top securities regulator has called their improper sales of non-traded real estate investment trusts, or REITs.
Share This Profile