Column: What would private equity funds in 401(k)s mean for retirement savers?

CHICAGO (Reuters) – Employer retirement plans are not known for their flashy investments – a majority of 401(k) investors these days use target date funds that invest in broad, diversified equity and fixed income mutual funds that automatically rebalance to minimize risk as retirement approaches. FILE PHOTO: U.S. Dollar banknotes Continue Reading

SEC proposes allowing more investors access to private companies

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies. Chairman Jay Clayton participates in a U.S Securities and Exchange Commission open meeting to propose changing its Continue Reading

HSBC private banking sees double-digit asset, revenue growth on Asia boost

HONG KONG (Reuters) – The private banking business of HSBC Holdings PLC is aggressively pursuing double-digit growth in client assets and revenue, riffing off a surge in Asian wealth, the unit’s chief executive told Reuters. FILE PHOTO: Anti-government demonstrators walk past a board with the logo of HSBC during a Continue Reading

Bank of America to stop financing operators of private prisons, detention centers

FILE PHOTO: A Bank of America logo is seen in New York City, New York, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photo (Reuters) – Bank of America Corp said on Wednesday it will no longer finance operators of private prisons and detention centers, joining peers in distancing itself from a Continue Reading

Exclusive: Advent readies new $2.2 billion Latam private equity fund – sources

SAO PAULO (Reuters) – U.S. private equity firm Advent International Corp is preparing to launch a $2.2 billion fund to invest in Latin American companies, two people with knowledge of the matter told Reuters. The fund launched in coming days will be Advent’s seventh for Latin America and its largest Continue Reading