The Federal Reserve and other financial regulators have yet to adequately deal with the problem of banks that are viewed as too big to fail—and many of their interventions only heighten the perception, Richmond Fed President JeffreyShow More Summary
``The Dow's big drop was due in large part to renewed fears that interest rate hikes from the Federal Reserve might come sooner than expected this fall.'' -- See also Four Fed banks renewed call for discount rate hike -minutes.
For the most part, the emerging markets aren't looking so hot right now. "EM economies are failing to gain traction in a context of subdued global growth and uncertainty around Fed rate hikes," according to Deutsche Bank research. The...Show More Summary
Over one and a half years ago we put in perspective the amount of money creation by China compared to the the liquidity injection by the Big 3 "developed world" central banks. The result was stunning. This was as of November 2013. Since...Show More Summary
Today a pair of ex-bankers who once worked at UBS are enjoying the spoils of beating their former employer for a big deal. In fact, they beat their former employer for two deals. Liontree Advisors is the boutique bank established less...Show More Summary
The $56.7 billion cable deal provides a big boost to the boutique investment banks involved.
This stuff is no big deal for banks anymore.
One of the big trades of 2015 has been to short the the euro against the dollar as the European Central Bank (ECB) becomes more aggressive with easy monetary policy and the US Federal Reserve begins to tighten policy with interest rate hikes. The US dollar has been on a tear on this trend, and the euro has been tanking. Show More Summary
Please, say it ain't so. Tell me this is all a bad dream and that the world's largest banks really had learned their lesson over the last five years. No? They didn't? REALLY? So, as the headlines shout, JPMorgan Chase, Citigroup, UBS, Barclays and RBS will be writing checks for [...]
Tully Banks had a secret. The post Cat Rescue Part Two: Tully’s Big Secret appeared first on Your Daily Vegan.
Right. Yes. It's a bank holiday in the UK and I should probably be using this extra time to play some more of The Witcher 3, right? That's a big ol' game and those monsters won't slay themselves. But the thing is, I've been playing a free-to-play, web browser game instead. Show More Summary
The big banks even referred to themselves as "cartels," but government will do nothing to stop them. Last week’s settlement between the Justice Department and five giant banks reveals the appalling weakness of modern antitrust. The banks had engaged in the biggest price-fixing conspiracy in modern history. Show More Summary
ALBANY — Gov. Cuomo’s new lieutenant governor took quite the pay cut to join the administration.
The Obama administration on Wednesday announced what for years had seemed inexplicably unattainable: guilty pleas from the parent corporations of some of the world's largest banks. Barclays Plc, Citigroup Inc., JPMorgan Chase & Co. and...Show More Summary
This week, a new survey about continued bad behavior in the finance industry landed with a thud. It came out around the same time that five big banks agreed to pay more than $5 billion to settle criminal charges that they manipulated interest or currency exchange rates. Show More Summary
Pharmacy services company PharMerica's shares are are up more than 50% in 2015. This week, they reached an all-time high. One possible reason: People in the investment banking and healthcare industries speculate that PharMerica will soon be acquired. Show More Summary
If you're in need of a powerful desktop that won't break the bank, take a look at the XPS 8700 from Dell. With plenty of RAM, a nice big hard drive, and a discrete graphics card, this tower is surprisingly affordable. And with today's coupon code, you can save over hundreds of dollars off the sticker price.
One of my favorite things to see in a long candidate is a pattern of beating Wall Street's earnings estimates. After all, if a stock beats the Street consistently, it is doing many things right.
Britain's challenger banks are successfully "eroding" the market share of the country's biggest banks by offering "freebies and loyalty points." That's according to Warren Mead, the head of challenger banking and alternative financeShow More Summary