Valero Energy Partners files for IPO of up to $345 million
(Reuters) – Valero Energy Partners LP filed with U.S. regulators on Thursday to raise up to $345 million in an initial public offering of common units.
Ground control, we have a Fed communications problem
WASHINGTON (Reuters) – For a central bank that prides itself on transparent communications, the U.S. Federal Reserve has a clear messaging problem.
FINRA tightens screws on Wall Street broker bonus disclosures
(Reuters) – Wall Street brokers must keep their clients in the loop about bonuses they receive when the brokers switch firms, under a preliminary measure approved by the Financial Industry Regulatory Authority’s board on Thursday.
Fujikura execs indicted in U.S. auto parts price fixing probe
WASHINGTON (Reuters) – Two Fujikura Ltd executives were indicted in Detroit Thursday on charges that they conspired to fix the prices of parts used in automotive electrical systems, the U.S. Justice Department said.
Exclusive: ETF ‘godfather’ Browne to join Cantor Fitzgerald
NEW YORK (Reuters) – Reggie Browne, the former head of the exchange-traded funds team at KCG Holdings Inc, is joining Cantor Fitzgerald’s ETF market making team, two sources familiar with the situation told Reuters Thursday.
Morgan Stanley wealth complex manager Marchassalla leaves: sources
NEW YORK (Reuters) – The managing director and complex manager for some of Morgan Stanley Wealth Management’s most profitable offices in New York has left after more than 20 years at the company, people familiar with the matter said.
As Wall Street fears persist, so may stock rally: Ken Fisher
NEW YORK (Reuters) – Wall Street often faces a wall of worry, the issues that can halt a market rally, yet the fears that haunt investors now seem to persist far longer than they did in the past, said Ken Fisher, the billionaire investor and author, in…
IMF urges U.S. to bury budget hatchet, back fund reforms
WASHINGTON (Reuters) – The International Monetary Fund on Thursday urged U.S. policymakers to support major reforms at the global lender and bury political differences over the budget to ease one source of risk to the economy and markets.
German Bilfinger says to axe 1,250 jobs worldwide
FRANKFURT (Reuters) – German construction and industrial services group Bilfinger SE plans to cut 1,250 jobs worldwide, or just under 2 percent of its workforce, over the next two years as it seeks to cut sales and administration costs.
JPMorgan told to fix credit card practices, pay refunds
WASHINGTON (Reuters) – U.S. bank regulators on Thursday ordered JPMorgan Chase & Co to correct its debt collection and other credit card procedures and to refund more than $300 million to customers harmed by the bank’s practices.
