Reuters Money: September 2, 2015

Click to View in Browser Wednesday, September 2, 2015 What is wrong with millennial credit scores NEW YORK (Reuters) - Millennials get plenty of recognition for frugality and their desire to share everything from cars to clothes, but they also have the lowest average credit score of any generation, according to a new study. Three ways to avoid guilt over taking a vacation NEW YORK (Reuters) - By all accounts, Iceland is one of the most magical places on Earth: A landscape of soaring glaciers, lava fields, steaming hot springs and black-sand beaches. Calpers, Calstrs oppose joint CEO-chairman role at Bank of America (Reuters) - Two of America's biggest public pension funds have come together to oppose an amendment of bylaws at Bank of America Corp that would allow Brian Moynihan to continue as both chief executive and chairman of the No. 2 U.S. bank by assets. Brokers fume as U.S. looks to protect investors from expensive duds NEW YORK (Reuters) - For most people saving for retirement, buying a non-tradeable real estate investment trust that charges fees and commissions of 11 percent or more doesn't sound like a good deal. Miami mortgage lawsuits vs BofA, Citigroup, Wells Fargo are revived (Reuters) - A federal appeals court on Tuesday revived three lawsuits in which the City of Miami accused Wells Fargo & Co, Bank of America Corp and Citigroup Inc of predatory mortgage lending to black and Hispanic borrowers. Foreign central banks may be shedding U.S. mortgage bonds: Fed NEW YORK (Reuters) - Foreign central banks are cutting back their holdings of U.S. agency and mortgage-backed securities as well as Treasuries in the wake of global market turbulence, Federal Reserve data showed. Exclusive: Citi aims to boost equities franchise amid industry shakeout NEW YORK (Reuters) - Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank's plans. BNY Mellon says catching up providing missing fund prices (Reuters) - BNY Mellon Corp said it has worked through a backlog of missing prices on about 1,200 mutual funds and exchange-traded funds, more than a week after a software glitch at the world's largest custody bank disrupted pricing for about 5 percent of the U.S. fund industry. Einhorn and Loeb's hedge funds both decline 5 percent in August BOSTON (Reuters) - Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. DoubleLine Capital opens commodity mutual fund to investors (Reuters) - DoubleLine Capital, the investment firm overseen by Jeffrey Gundlach, on Monday opened a new mutual fund to give investors exposure to commodities markets and help them diversify. Related Video International central bankers want U.S. rate hike Americans making and spending more money Related News Wall St. opens higher as China fears ease, oil prices rise Bill Gross: Fed tightening now could create self-inflicted instability Counterparties is a curated snapshot of the best finance news and commentary around the web. 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 - 3 Times Square New York, NY 10036 USA © Copyright 2015 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook