Reuters Money: January 23, 2017

Click to View in Browser Monday, January 23, 2017 Goldman Sachs rejects Indonesian businessman's $1.1 billion claim over share trade JAKARTA (Reuters) - Goldman Sachs has rejected allegations by an Indonesian businessman who is seeking $1.1 billion in damages from the U.S. bank for making what he called "unlawful" trades in the shares of a property firm. Citi sees 10 percent net new money growth near term in Asia wealth business HONG KONG (Reuters) - Citigroup said a focus on rich young Asians and new products has helped accelerate net new money growth at its Asia-Pacific consumer wealth business in 2016 to about 10 percent, and a similar annual growth is expected over the next few years. Maverick Capital eyes rebound on bets Trump may roil Wall Street BOSTON (Reuters) - U.S. President Donald Trump's policies could lead to more violent stock market movements, something prominent hedge fund manager Lee Ainslie said could help his portfolio rebound after a lousy 2016. Merger activity for independent U.S. wealth managers up 10 percent: study NEW YORK (Reuters) - Merger activity among independent wealth management firms in the United States hit an all-time high in 2016 as more of the industry's aging workforce retired, the economy strengthened and more advisers were able to obtain financing for acquisitions, according to new study. Indonesia's worried about market 'psychology' with JPMorgan report JAKARTA (Reuters) - Indonesia's reform-minded finance minister seemed to invoke memories of the 1997-98 Asian financial crisis this week when explaining why she came down so hard on JPMorgan Chase & Co for downgrading the country's equity market. Barclays vice chairman of banking Matthew Ponsonby to retire: memo LONDON (Reuters) - Barclays vice chairman of banking, Matthew Ponsonby will retire from the British bank at the end of January, according to a memo seen by Reuters on Friday. BlackRock hires former UK finance minister Osborne as adviser NEW YORK/LONDON (Reuters) - Former British finance minister George Osborne, who lost his job after Britain's vote to leave the European Union, will join BlackRock Inc as an adviser next month, the world's largest asset manager said on Friday. Philly Fed's Harker sees three U.S. rate hikes 2017 SOMERSET, N.J. (Reuters) - Philadelphia Federal Reserve President Patrick Harker said on Friday he expects three interest rate increases in 2017 if the labor market improves further and inflation moves to the Federal Reserve's 2 percent goal. Cerno hires Tom Milnes as business development director (Reuters) - Cerno Capital appointed Tom Milnes as business development director to assist with the investment manager's intermediary client relationships and enhance compliance with investment needs. Mizuho Securities hires Pramod Shenoi for Asia unit (Reuters) - Mizuho Securities Asia Ltd, a unit of Mizuho Securities Co. Ltd, said it named Pramod Shenoi as regional head of FIG debt capital markets in December 2016. Related Video Wall Street higher as Trump takes office Jeff Tomasulo talks stocks and the Trump presidency Related News Wall Street slips at the open Trump to company executives: We think we can cut regulations by 75 percent 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 2017 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