All Finance News
Top stories summarized by our editors
2/21/2020

EBay is planning to invest in Optoro and use the reverse logistics company's software to handle returns, according to sources. EBay will reportedly sell returned items on its marketplace with help from Optoro.

2/21/2020

Having a great employee make plans to leave can be painful, but the departure is not necessarily inevitable. Schedule an exit interview to explore the reasons for the employee's decision, and determine whether anything can be done to fix the situation.

Full Story:
SmartBrief/Leadership
2/21/2020

Life insurance can help people shift and preserve IRA assets to remedy the loss of the "stretch" IRA provision under the Setting Every Community Up for Retirement Enhancement Act of 2019, write Ann Marie Liotta and Michael Padon of Cohn Financial Group. A case study illustrates how life insurance might work in an estate-planning scenario.

Full Story:
WealthManagement
2/21/2020

Members of Generation Z are adopting digital payment options more widely than previous generations. A study by PaySafe found 40% of them have made in-app payments, 14% use a mobile wallet regularly and 53% prefer shopping in stores that accept contactless payments.

Full Story:
PaymentsJournal
2/21/2020

London Stock Exchange Group clearinghouse LCH says it has not seen a shift in euro-denominated clearing activity to continental Europe despite predictions that such a move would occur after Brexit. But EuroCCP chief Cecile Nagel told a Stockholm event that the "direction of travel is clear, there is going to be ongoing effort to drive more activity into continental Europe."

Full Story:
The Trade (UK)
More Summaries:
Cecile Nagel
2/21/2020

Data compiled by the Investment Association show shareholders are increasingly willing to take boards to task over what they perceive as poor corporate governance and excessive executive pay. The trade body's corporate governance watchlist, which tracks instances of significant shareholder objections at annual general meetings, has risen each year from 2017 to 2019, with a further rise expected in 2020.

2/21/2020

Morgan Stanley has agreed to a $13 billion all-stock acquisition of discount brokerage E-Trade Financial, the largest purchase by a Wall Street company since the financial crisis. The move furthers consolidates the discount-brokerage sector and boosts Morgan Stanley's wealth-management business.

2/21/2020

The European Central Bank has recorded a 50% increase in profit for 2019 to €2.4 billion, thanks to a surge in the value of US dollar-denominated assets in an asset-purchase scheme. The ECB is responsible for distributing profit to national central banks.

Full Story:
Reuters
2/21/2020

HSBC plans to market its newly combined retail and private banking division to globally mobile clients in markets such as the UK, China and North America, where it already has a strong presence. "We're in some of the fastest-growing wealth markets in the world... the fact we now have a $1.4 trillion wealth business should be exciting for our customers and hopefully scary for our competitors," said chief executive Charlie Nunn.

Full Story:
Reuters
2/21/2020

The European Bank for Reconstruction and Development's issuance of a three-year sterling floating rate note, linked to the Secured Overnight Index Average, may signal that the Bank of England will begin publishing an official compounded-in-arrears Sonia index.

More Summaries:
Sonia