Account
As final ballots come in on a proposal to strip JPMorgan Chase & Co Chairman and Chief Executive Jamie Dimon of his chairman title, some worry about what will happen if shareholders win what will likely be a close vote.JPMorgan's annual meeting on Tuesday will bring to head a months-long and bitter shareholder campaign demanding more oversight of Dimon, who has suggested that he may eventually leave the bank if he loses the vote.Investors say that while Dimon, 57, may need more oversight after the bank posted $6.2 billion in losses from failed derivative trades last year, they do not want him to quit.Among big bank CEOs, Dimon ranks first for stock returns and has been praised for leading the bank through the financial crisis with no quarterly losses and a strong balance sheet.If Dimon were to leave, the bank's shares could fall as much as 10 percent and erase about $20 billion of market value, according to Mike Mayo, a bank analyst with brokerage CLSA.JPMorgan also has no ready replac...
Call it the iBond.Apple's announcement Tuesday that it plans to borrow for the first time could be as well received as its smart phone launches. Investors are desper...
The U.S. Securities and Exchange Commission may revive a proposal that would make it easier and cheaper to launch certain kinds of exchange-traded funds, according t...
The Securities and Exchange Commission may revive a proposal that would make it easier and cheaper to launch certain kinds of exchange-traded funds, according to int...
Gold was little changed in cautious trade on Friday, heading for a fourth week of losses after this week's historic sell-off shattered investors' confidence in the t...
The plunge in the gold price in the past week may have raised a big red flag over the global economy.Some top investors say the gold sell-off, and the broader declin...
Finance leaders of the G20 economies on Friday were set to debate specific targets for reigning in debt levels and the potential dangers from the latest round of agg...
The TCW emerging markets bond team has always sought investment opportunities in economic and political upheaval, a strategy that has led to double-digit returns for...
Fears of a rush for the exits from the U.S. bond market have been greatly exaggerated.Even as the fixed-income sector grapples with a rare negative start to the year...
Columbus, Ohio-based Nationwide Financial and New York-based Reich & Tang are buying UnionBanCal Corp's mutual fund business, three sources told Reuters on Tuesday.S...
Option investors worried about Russia's exposure to the banking crisis in Cyprus have been stepping up their bearish bets in one of the largest exchange-traded funds...
A switch from developed to emerging market stock indices could rekindle demand for Greek shares, although the crisis-hit euro zone state might sit uncomfortably amon...
Don't be fooled by the Mexican stock market's slow start to the year. The country's push for economic reforms and the revival of the economy of its largest trading p...
As yields on U.S. Treasury bonds were hitting recent lows last week, investors were pumping a record amount of money into U.S. Treasury bond ETFs.Treasury bond ETFs ...
As central banks print cash to boost moribund economies, investors in Asia wanting to hedge against rising prices are dumping gold and doubling down on property.They...
Investors really like bank loan mutual funds and ETFs. Retail cash inflows into the high-yielding products totaled $1.03 billion for the week ended May 8, Leveraged ...
Apple Inc. (AAPL) sold $17 billion of bonds Tuesday, a record amount for an investment-grade corporate offering, according to investors familiar with the deal.The of...
Apple Inc. sold $17 billion of bonds Tuesday, a record amount for an investment-grade corporate offering, according to investors familiar with the deal.The offering ...
Investors are preparing to take a big bite out of Apple.Apple Inc. (AAPL) is widely expected to sell billions of dollars in new bonds Tuesday, according to investors...
DoubleLine Capital LP, the investment firm run by star bond manager Jeffrey Gundlach, said on Friday it completed an initial public offering for the closed-end Doubl...