Reuters Money: Use insurance companies to end U.S. pension crisis: Senator Hatch

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07/9/2013

Use insurance companies to end U.S. pension crisis: Senator Hatch WASHINGTON (Reuters) - A powerful Senator would like to use life insurance companies to help alleviate the funding crisis that has engulfed many public pensions. Reckless bankers, or just stupid and idle?: James Saft (Reuters) - As Supreme Court Justice Potter Stewart once said of pornography, we may not be able to fully define the proposed new British offense of "reckless banking" but I suppose we will know it when we see it. Compliance deadlines loom for U.S. global tax evasion law WASHINGTON/HONG KONG (Reuters) - In one week, the United States is scheduled to begin registering foreign financial firms with U.S. customers for a new anti-tax evasion law, despite industry lobbying to secure another implementation delay. The $50,000 financial plan: Wealth firms target the super rich NEW YORK (Reuters) - When one of UBS AG's U.S. clients began collecting more than $100 million in proceeds from the sale of a business, the client's broker offered to help guide the distribution of his windfall with a financial roadmap - for a fee of $50,000. U.S. apartment vacancy rate flat in second quarter, but rents rise NEW YORK (Reuters) - The U.S. apartment vacancy rate was unchanged in the second quarter, the first time in two years that the vacancy rate failed to tighten, in a sign that a wave of new properties may be easing market conditions, according to real estate research firm Reis Inc. For gay couples, divorce equality is also a trial (REUTERS) - Gay couples rejoiced last week when the Supreme Court struck down the Defense of Marriage Act (DOMA) and cleared the way for federal recognition of same sex-marriages. Firms tap alums to offer cheaper student loans NEW YORK (Reuters) - Student borrowers are so often underemployed after graduation, they have a hard time paying back their loans and building a good credit history, so they get saddled with high interest rates. A cruel, cruel summer for U.S. credit funds NEW YORK (Reuters) - It's shaping up to be a brutal summer for bond investors as the bloodbath in the U.S. credit market shows no signs of letting up, even as nearly $80 billion has already been wiped from funds. Bond funds worldwide gain $2.11 billion after record outflow NEW YORK (Reuters) - Global investors committed $2.11 billion to bond funds in the latest week after pulling a record $23.3 billion out of the funds the prior week, data from EPFR Global showed on Friday. Steady U.S. job gains to keep Fed's focus on tapering WASHINGTON (Reuters) - U.S. job growth probably slowed in June, but not enough to shift the Federal Reserve away from expectations that it will start scaling back its massive monetary stimulus later this year. Related Video How to play banker on the web Big dividends can mask big risks - Money Clip Business News Wall St. opens higher on earnings optimism Kroger to buy Harris Teeter Supermarkets in $2.5 billion deal The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. 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

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