Factbox: Big U.S. banks’ fourth-quarter results muddied by new tax law

(Reuters) – Morgan Stanley reported quarterly results on Thursday, rounding off an earnings season for big U.S. banks marked by across-the-board hit to profits from the U.S. tax overhaul.

Thadaney to leave Toronto Stock Exchange owner TMX Group

(Reuters) – TMX Group’s head of equity capital markets, Nicholas Thadaney, is leaving Canada’s biggest stock exchange operator after a reorganization of the company, Chief Executive Officer Lou…

Exclusive: Blackstone’s Hill hands hedge fund reins to McCormick

BOSTON (Reuters) – After nearly two decades of growing Blackstone Group into the world’s biggest hedge fund investor with some $74 billion in assets, J. Tomilson Hill is passing the baton.

Ex-Bank of America executive Malik to launch fund advisory firm

NEW YORK (Reuters) – Omeed Malik, a former Bank of America Merrill Lynch executive, is preparing to launch an advisory firm for hedge funds and other so-called alternative investment managers,…

Families can pool resources for disabled in ABLE accounts

CHICAGO (Reuters) – TJ Rodriguez is 36 and cannot walk without a walker, but horse riding helps him build his strength.

Your estate plan needs an update, even if it is new

NEW YORK (Reuters) – Got a dusty old binder with your will and estate plan? Even if you had your paperwork set up a few years ago, all of your documents are now out of date, thanks to new tax laws…

Nursing home study raises questions on Medicare managed care networks

CHICAGO (Reuters) – Managed care is the hot trend in Medicare, with the number of seniors enrolled in Medicare Advantage plans projected to soar over the coming decade. These plans offer simplicity…

U.S. investors’ love affair with bonds unshaken by rising yields

NEW YORK (Reuters) – U.S. fund investors stampeded into bonds and world stocks during the latest week, ignoring warning signs about stretched prices, according to the Investment Company Institute…