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Below please find daily updates pertaining to the latest in financial, business, and tax news:

Reuters Money

Speculators pare U.S. 10-year T-note net shorts before Fed minutes

Fri, Oct 19, 2018

Speculators' net bearish bets on U.S. 10-year Treasury note futures fell a tad earlier this week before Federal Reserve's release of minutes from its policy meeting last month, according to Commodity... ...

Bank Vontobel buys Lombard Odier business in North America

Fri, Oct 19, 2018

Bank Vontobel will acquire the international portfolio of U.S.-based clients from Swiss private banking peer Lombard Odier as it seeks to expand its footprint in the region, Vontobel said on Friday. ...

China to allow bank wealth-management funds to be invested in stocks

Fri, Oct 19, 2018

China's banking regulator said on Friday it plans to start letting funds from products publicly sold by banks' wealth management subsidiaries be directly invested in shares. ...

U.S. fund investors pull most cash since June from stocks: Lipper

Thu, Oct 18, 2018

Investors slammed U.S.-based stock funds during the latest week, pulling $17.5 billion, the most cash from such investments since June, according to Lipper data on Thursday. ...

Goldman Sachs joins growing band of businesses snubbing Saudi conference

Thu, Oct 18, 2018

Goldman Sachs Group Inc on Thursday joined the growing list of high-profile businesses snubbing a Saudi investment conference next week amid mounting pressure on Riyad over the disappearance of... ...

Morgan Stanley's brokerage sweetens retirement bonuses for top brokers

Thu, Oct 18, 2018

The largest U.S. brokerage by sales force Morgan Stanley told its top brokers on Thursday that if they commit to handing off their clients to another broker at the firm when they retire, they can... ...

Senator Warren urges Fed to require removal of Wells Fargo CEO

Thu, Oct 18, 2018

U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan. ...

Goldman Sachs sees five more Fed rate hikes through end of 2019

Thu, Oct 18, 2018

Goldman Sachs economists on Thursday said the firm remained "comfortable" with its call for five more interest rate hikes — two more than priced in financial markets — through the end of 2019. ...

Column: U.S. probe shines light on Medicare Advantage claims denials

Thu, Oct 18, 2018

A growing number of U.S. seniors are choosing Medicare Advantage, the popular private insurance alternative to traditional coverage. But a new report by federal investigators finds that Advantage... ...

Column: Loans could drain U.S. retirement plans by $2.5 trillion

Thu, Oct 18, 2018

Americans could dig a $2.5 trillion hole in the country's retirement system as they fail to pay back loans taken from workplace retirement plans over the next 10 years, according to a new study from... ...