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Citigroup plans to boost pay this year to address inequality among female and minority workers

Citigroup plans to boost pay this year to address inequality among female and minority workers

Finance
Citigroup will increase compensation for women and minorities to bridge pay gaps in the United States, the United Kingdom, and Germany, as part of its annual pay process this year, the Wall Street bank said on Monday.Citi said it had conducted a survey in the three countries, where it found that women and minorities are paid slightly less than men and non-minorities, respectively.Compensation would be raised based on the pay gaps identified in the survey, Citi spokeswoman Jennifer Lowney said.Citi, along with other U.S. banks and credit card companies, had been under investor pressure to disclose the gender pay gap.The company's activist investor Arjuna Capital asked Citi's shareholders last year to vote in favor of a proposal requiring the bank to address the gender pay gap."Women are pai...
Trump earns 'high marks' from UBS for his economic policies

Trump earns 'high marks' from UBS for his economic policies

Finance
Swiss bank UBS said Monday that President Donald Trump deserves praise for his pro-growth policies.Those efforts in making the U.S. a more business-friendly economy, which include the recently passed tax reform, are often under-appreciated, said Mike Ryan, UBS Wealth Management's chief investment officer for Americas. But the president has "changed the perception of what's possible in Washington," he said at the bank's client gathering in Singapore."I think prior to his election, the prospects of tax reform, of regulatory relief, or any sort of sensible approach to infrastructure were off the table," said Ryan, who added that Trump defied those expectations by getting the new tax bill passed.The president deserves "high marks" for his economic achievements so far, Ryan added.Before the bil...
Men and women have different financial regrets. Here's how to slay them

Men and women have different financial regrets. Here's how to slay them

Finance
How to save $ 1,000 this yearMen and women aren't too far apart on their financial expectations, but their biggest financial regrets diverge. Men's biggest money regret is not investing, while women's biggest financial regret is not saving, according to a study from Go Banking Rates. The survey found that nearly 15% of men said not investingwas their top financial regret compared to about 9% of women. Men are also more likely than women to have a fear of losing money in the stock market. Men also have a stronger regret of falling into debt and even putting money toward college. Women's top regret, according to the study, was not saving enough. And for good reason: a higher percentage of women than men have less than $ 1,000 in a savings account and 36% of women (versus 33% of men) have ...
Why a dose of fear can be healthy for investors, bull market or no bull market

Why a dose of fear can be healthy for investors, bull market or no bull market

Finance
The year 2017 was a good year to be an investor. The Dow Jones Industrial Average just passed through the 24,000 level for the first time ever. The S&P 500, a broader measure of the market, finished higher in November, making it 13 months in a row of gains, also a record. Both indices are more than 20 percent higher than where they started the year.It seems that every day, the headline on CNBC reads "Markets Hit New Record High." In fact, we are in a bull market that is now eight-and-a-half years old, the second longest in history.More from Investor Toolkit:Advisors turn to life coaches and counselorsRetirees leave $ 100B in Social Security benefits on tableRing in 2018 with a new financial game planThat's good, right? As an investment manager, we think it's great for our clients to se...
GIC, KKR, Premji Group to invest Rs 11,000 crore in HDFC Ltd

GIC, KKR, Premji Group to invest Rs 11,000 crore in HDFC Ltd

Finance
MUMBAI: India's largest mortgage lender HDFC Ltd has bagged a Rs 11,104 crore investment from marquee investors - like private equity giant GIC Singapore, KKR, Canadian pension plan Ontario Municipal Employees Retirement System, Carmignac Group and Premji Invest. This would lead to a stake dilution of 3.87%. The preferential allotment will be made at a share price of Rs 1,726.05 per share to 10 investors. The mortgage lender was trading at Rs 1,761.25 at the end of trade on Friday. HDFC board also approved raising Rs 1,896 crore through a Qualified Institutions Placement (QIP) which will be completed within 12 months. "The Committee of Directors of the Corporation at its meeting held today approved the issue of equity shares up to an aggregate amount not exceeding Rs 13,000 crore t...