It's your week in corporate malfeasance. Get out your pitchforks!
The usual response from most people, who find out that you are a Day trader is not one of admiration or respect as they assume that Day traders can only make money trading the financial markets, working at big investment bank with a seven figure trading account. Show More Summary
Important men don't change in a crisis, they become bigger versions of themselves.
By Olivia Oran and Anjuli Davies NEW YORK/LONDON (Reuters) - Big Wall Street banks are scrambling to figure out what to do with their assets, workers and financial licenses abroad in light of the British vote to exit the European Union (EU). Show More Summary
The Federal Reserve's stress tests of big banks found all 33 have enough capital to withstand a severe economic shock, though Morgan Stanley trailed the rest of Wall Street in a key measure of leverage.... This year, the hypothetical scenarios were seen as especially tough, calling for banks to assume -- in the most severe case -- that U.S. Show More Summary
Britain has voted to leave the European Union, and bank stocks in the US and Europe are getting clobbered. In addition to the volatility and potential broader economic implications spurred by Brexit, it could also affect big banks because many...Show More Summary
Big names Chinese banks like ICBC have been eying the London market. The city’s financial market is of course no longer what it was before the financial crisis – that's where the bank runs started after all. The future of the financial...Show More Summary
FRANKFURT (Reuters) - Deutsche Bank confirmed on Thursday it had struck a deal with its works council to shut a quarter of its German branches, slightly fewer than expected, as it cuts costs and revamps retail banking. Germany's biggest...Show More Summary
Homeowners who lost their homes to foreclosure are still struggling to clear their credit records so they can buy another home. Meanwhile, some big banks have moved away from offering subprime and government-backed loans and have significantly...Show More Summary
A bank of "smart" electric meters are tested in a Southern California Edison meter service center in Westminster, California. Photographer: David Paul Morris/Bloomberg In an era of “big data,” powerhouses like Amazon and Netflix have figured out how to put enormous amounts of consumer data to use to target their products [...]
Is China on the verge of a new round of monetary easing? To some, a recent visit by Chinese Premier Li Keqiang to the country’s central bank and a big state-lender seemed to signal so.
``A year ago, ICBC Canada was designated as the clearing bank for RMB, or Chinese yuan. A year on, ICBC Canada has inked RMB cooperation deals with institutions including Canada's five big banks, Toronto Stock Exchange and Export Development Canada. Show More Summary
Hedge funds, not so much.
Fringe parties on the right and left across Europe could win a significant boost if the UK votes to leave the EU on Thursday, according to HSBC. The bank's chief European economist Karen Ward and chief global economist Janet Henry write...Show More Summary
Simmons Bank Big Bass Bonanza participants partner with Game & Fish, Department of Corrections to rebuild fabled bass fishery. Arkansas, U.S.A., (June The post FISHING NEWS: How to Stock 100,000 Bass? appeared first on Hunting and Conservation News.
The financial tech, or fintech, boutique investment bank FT Partners has hired Stephen Stout as a managing director. Stout joins the firm from the payment tech company First Data, where he was global head of strategy and spearheadedShow More Summary
Today, using Oracle Java Cloud Service and Oracle Cloud Database Service, IT business process consulting firm Werkbank can build its new application without having to invest in database and applications servers, licenses, and not to mention having to hire DBAs to run them.
By David Henry NEW YORK (Reuters) - Wall Street analysts who cover big banks will endure a long night on Thursday, when a barrage of data will show how well the largest U.S. financial institutions can stand up under stress. The crunch will start at 4:30 p.m. Show More Summary
JPMorgan has made a change in its giant corporate and investment bank. The bank has promoted Lori Beer to the role of chief information officer for the corporate and investment bank, according to a memo seen by Business Insider. "InShow More Summary
U.S. stocks are jumping Monday morning as investors grow more optimistic that Britain will stay in the European Union, and banks are rising on the prospect of higher interest rates. Investors worry that the world economy will suffer if Britain leaves the EU, but based on recent polls, they are...