Reuters Money: December 22, 2016

Click to View in Browser Thursday, December 22, 2016 Wall Street holiday parties are back...but don't tell anyone NEW YORK (Reuters) - Wall Street holiday parties this year took place in luxury venues like the Waldorf Astoria, featured women dressed as glowing angels, and had fine wine, scotch and bourbon on hand. FINRA fines Wells Fargo, others $14 million for records' changeable format NEW YORK (Reuters) - The Financial Industry Regulatory Authority said it fined several Wells Fargo & Co businesses, RBC Capital Markets, LPL Financial and others a combined $14.4 million on Wednesday for record-keeping problems that may have allowed company and customer documents to be altered. Multi-manager hedge funds lost cash, cachet in 2016 BOSTON (Reuters) - Team-based hedge funds lost billions in cash and some of their cachet this year, creating an uncertain future for a strategy that had long been an industry darling. RBS near to selling $600 million of shipping loans: sources LONDON (Reuters) - Royal Bank of Scotland is close to selling at least $600 million worth of shipping loans from its portfolio, two sources familiar with the matter told Reuters. Column: Heading off a housing crisis for U.S. seniors CHICAGO (Reuters) - Debates about improving America's infrastructure typically focus on projects like bridges, roads, railroads and power grids. But with President-Elect Donald Trump calling for $1 trillion in infrastructure spending over the next 10 years, here is an item that should be added to that list: affordable housing for seniors. CalPERS votes to lower expected investment return rate to 7 percent by 2020 SAN FRANCISCO (Reuters) - The California Public Employees' Retirement System board voted on Wednesday to lower the pension plan's expected rate of return from investment to 7 percent by 2020, a decision that comes after the fund failed to meet its 7.5 percent target the past two years. Impact investing growing quickly, but has long way to go: GIIN NEW YORK (Reuters) - Impact investments, which support social change while making money, have grown rapidly over the last three years as mainstream institutions such as pension funds and insurance companies have jumped on the bandwagon, a top industry executive said. Exclusive: NY financial regulator to delay cyber security rules (Reuters) - New York's financial regulator will delay an anticipated Jan. 1 deadline for banks and insurers doing business in the state to comply with controversial cyber security rules, a person familiar with the matter said. A volatile calm - the paradox of 2016 financial markets (Story corrects to clarify nature of transactions in ninth paragraph below crosshead) Goldman Sachs to pay $120 million over attempted ISDAFIX benchmark manipulation WASHINGTON (Reuters) - Goldman Sachs Group Inc will pay a $120 million penalty to resolve civil charges that it attempted to manipulate a global benchmark for interest rate products known on Wall Street as "ISDAFIX," U.S. derivatives regulators said Wednesday. Related Video Russell Investment's Stephen Wood on why he believes stocks are too expensive Wall Street loses ground after Trump rally Related News Wall Street opens flat in light pre-holiday trading U.S. capital goods orders rise solidly; GDP revised up Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2016 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook