Wednesday, August 26, 2015

Reuters Money: August 26, 2015

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Wednesday, August 26, 2015
BlackRock to acquire robo-adviser
(Reuters) - BlackRock Inc, the world's largest asset manager is acquiring a San Francisco-based robo-adviser, FutureAdvisor, the firm announced Wednesday morning.
Royal Bank of Canada reports higher energy-sector bad loans as profit rises
TORONTO (Reuters) - Royal Bank of Canada on Wednesday reported a sharp spike in bad loans in the oil-and-gas sector, while strength in personal and commercial banking helped Canada's biggest lender post a higher third-quarter profit.
Credit Suisse's de Ferrari says clients ready to buy after Asia rout
ZURICH (Reuters) - Asian investors are looking to put their money back into financial markets following the recent global sell-off, the head of private banking for Credit Suisse in Asia Pacific said on Tuesday.
After riding Internet wave, top China investor bets on hardware
BEIJING/HONG KONG (Reuters) - Long before she became the first woman to figure in the top-10 on Forbes "Midas List" of leading venture capital investors this year, GGV Capital's Jenny Lee cut her teeth as an engineer on Singapore's fighter jets.
U.S. money-market funds raise fees after years of cutting them
BOSTON (Reuters) - U.S. money-market funds, which have lost billions of dollars in revenue since the height of the financial crisis, are raising fees after years of cutting them, according to industry executives and analysts.
U.S. rule to give investment advisers anti-money laundering duty
ST. LOUIS (Reuters) - U.S. fund managers and other investment advisers would have to take steps to combat money laundering and report suspicious transactions to authorities under a long-awaited U.S. Treasury rule proposed on Tuesday.
Retirees need to fact-check Social Security advice
LOS ANGELES (Reuters) - Marilyn Murphy of Torrance, California, contacted her local Social Security office this past spring to find out if spousal benefits based on her first husband's work record might be worth more than the retirement benefit she already receives.
The dharma of dollars: What Buddhism says about money and meaning
NEW YORK (Reuters) - Buddhism, which holds that wealth is temporary and no path to happiness, might not sound like the best source for money wisdom.
Fed 'put' no cause for relief: James Saft
(James Saft is a Reuters columnist. The opinions expressed are his own)
Small print can cause big headaches for financial firms
(Reuters) - Wealth management clients may not often closely examine disclosures on advisers' newsletters, pitch books and presentations, but regulators do. Failing to make sure that fine print is accurate can lead to major regulatory actions.
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