RBC to launch U.S. consumer bank betting on wealthy clients

(Reuters) – Royal Bank of Canada plans to open a consumer bank in the United States early next year targeting wealthy clients, with the aim of expanding deposits, its... Read more »

U.S. money market assets decreased in latest week-iMoneyNet

NEW YORK, Feb 19 (Reuters) – U.S. money market fund assets decreased by $3.64 billion to $3.575 trillion in the week ended Feb 18, the Money Fund Report said... Read more »

Sanders says presidential rival Bloomberg will not excite voters

LAS VEGAS – Democratic U.S. presidential candidate Bernie Sanders said on Saturday Mike Bloomberg would not generate the “excitement and energy” needed to win the White House, focusing on... Read more »

Top U.S. fund firms split over new limits on shareholder votes

BOSTON (Reuters) – Pending U.S. securities rules that would limit shareholder proposals have divided passive and active U.S. fund firms as some take a harder line on issues like... Read more »

Exclusive: SoftBank leads latest Alto Pharmacy funding round at over $1 billion valuation

BANGALORE (Reuters) – SoftBank’s second Vision Fund has led a new round of funding for Silicon Valley-based drug delivery firm Alto Pharmacy that valued it at over $1 billion,... Read more »

Sovereign wealth funds move mainstream, make less contrarian bets

LONDON (Reuters) – Sovereign wealth funds’ investment moves are becoming more closely aligned with the global asset management industry as they mature, and their growing size makes it harder... Read more »

U.S. House Democrats call for $760 billion in infrastructure spending over five years

WASHINGTON (Reuters) – U.S. House Democrats on Wednesday unveiled a proposed $760 billion infrastructure spending bill over five years that aims to rebuild sagging roads and bridges and reduce... Read more »

WeWork inks office space deal with SoftBank-backed Gympass: sources

NEW YORK (Reuters) – WeWork has signed a deal to provide space to 250 employees of gym membership app company Compass in New York, the latest example of the... Read more »

Renault, Nissan chief engineers to meet, revive R&D projects: sources

PARIS (Reuters) – Renault’s (RENA.PA) engineering boss will meet his counterpart at Nissan (7201.T) in Japan this week, two sources close to Renault said, as the carmakers seek to... Read more »

ValueAct CEO Jeff Ubben to step down: Financial Times

FILE PHOTO: Jeffrey Ubben, Founder & CEO at ValueAct Capital, poses for a portrait before speaking on the Reuters Newsmaker event’ “The Future of Shareholder Activism” panel in Manhattan,... Read more »