Wednesday, October 20, 2021

Reuters Global Investor: Democrats raise proposed IRS bank reporting threshold to $10,000 from $600

Democrats raise proposed IRS bank reporting threshold to $10,000 from $600

Senior Democrats in Congress have agreed to raise their proposed tax reporting threshold for bank account inflows and outflows to $10,000 a year, with exemptions for wage income, from an earlier proposal of $600 that drew criticism for being too intrusive.

FS Investments taps ex SkyBridge co-CIO Gayeski as chief market strategist

FS Investments, an alternative asset manager that invests roughly $25 billion, said it has hired Troy Gayeski, the former co-chief investment officer at Anthony Scaramucci's SkyBridge Capital, as its chief market strategist.

Developed market equities, U.S. tech, Japan to gain in 2022, fund manager says

Developed market equities, including U.S. technology stocks other than the so-called FAANG group, are expected to outperform next year, the global head of multi-asset at PineBridge Investments said.

U.S. SEC praises equity market structure, absolves short sellers in GameStop report

The U.S. markets functioned well during January's GameStop volatility, while short selling was not the main cause of the unprecedented rise in the 'meme stock,' according to a long-awaited Securities and Exchange Commission (SEC) report.

No place to hide: investors to trawl Europe's Q3 earnings for inflation clues

As Europe's third quarter reporting season kicks into gear, investors are scrutinising company results for any signs that supply chain strains, labour shortages and surging energy prices are starting to undermine profits.

Energy and commods hedge funds post big gains as prices skyrocket

Hedge funds that bet on a big comeback for commodities enjoyed soaring returns in the first nine months of 2021 as the world faced an energy crunch.

Goldman Sachs cashes in on M&A wave to cap stellar quarter for U.S. banks

Goldman Sachs Group Inc on Friday reported a 66% surge in third-quarter profit that smashed expectations, as Wall Street's biggest investment bank rode a record wave of M&A activity and initial public offerings.

Vulnerable U.S. homeowners face uncertainty as mortgage forbearance ends

Close to half a million low-income homeowners in the United States, many of them minorities, are nearing the end of mortgage forbearance plans that allowed them to halt loan payments during the pandemic, presenting a test for the mortgage service firms tasked with helping struggling borrowers move onto payment plans they can afford.

U.S. banks see wealth management boom on borrowing, new assets

Big U.S. banks' wealth management businesses put in another stellar performance in the third quarter, buoyed by record levels of new money flowing into accounts and surging demand from clients to borrow against their investment portfolios.

French group Bollore considering selling African logistics divisions -Le Monde

French conglomerate Bollore , owned by billionaire Vincent Bollore's family, is considering selling its African logistics divisions, French daily Le Monde reported on Friday.

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