PARIS (Reuters) - French and British banks are urging the European Commission to reconsider plans to isolate high-risk trading activities at big banks, warning the move could discourage lending to struggling economies. The European Union's...Show More Summary
MOTA's name is one that frequently pops up in conversations about wearables and accessories for your many devices. Their High-Capacity Power Bank is strong, sturdy, and big, but is it right for your gear bag? Will it get your through that weekend camping in the woods? Well, we've been putting it through its paces the last month to find out.
A Senate hearing this week raised the question of whether the Fed has fully addressed its alleged shortcomings as a regulator of big banks. Here are five things to know.
The head of the New York Federal Reserve was put on the defensive by Senate Democrats, who accused the Fed of being too close to the big banks it is charged with regulating. William Dudley,... To view the full story, click the title link.
Kidd Kidd, 50 Cent and Lloyd Banks shoot a video for “Big Body Benz” off the Best Buy edition of The Beauty Of Independence. Previously: G-Unit – Ease Up
The world's central banks aren't done using their words and actions to stimulate the economy. Friday came with two big central bank gestures that rocked the global markets. The first big move came from European Central Bank President Mario Draghi, who spoke to a banking conference in Frankfurt at about 3:30 a.m. Show More Summary
Big day...big expenses...big fun. I hope you're all having a blast playing Pokemon and Smash! Enjoy your titles and get ready for a fantastic weekend! See you in a few, short hours. Pokemon Omega Ruby and Alpha Sapphire...Smash Bros....Show More Summary
Stung by billion-dollar fines for malpractice on their trading floors, the world’s big banks are using ‘fuzzy logic’ tools such as relationship mapping and behavioural analytics to read the minds of would-be cheats among their traders. Show More Summary
$$$ Uber’s Massive Fundraising Drive Forges Ahead Despite Scandal [Digits] $$$ Fed Launches Review of Practices for Supervising Big Banks [WSJ] $$$ How to Become a Russian Billionaire With No Help from the Kremlin [Bloomberg Markets]...Show More Summary
Near the dawn of the '80s, Sugar Hill Records chief Sylvia Robinson was trying desperately to sign a rap group, but she couldn't find any that were interested in actually going into the studio—until then, rap had been a strictly live phenomenon, existing only in clubs and at house parties. Show More Summary
The Federal Reserve on Thursday said it launched two internal reviews of its oversight of the nation's largest banks to determine if officials are getting the information needed to properly supervise their operations.
A raft of settlements and criminal charges against big Wall Street firms reinforces a loss of public faith in the banking system that poses a threat to the country's financial stability, said William Dudley, president of the Federal Reserve Bank of New York.
Bonuses on Wall Street will rise by 4 percent from last year - not counting the impacts of recent legal penalties on some big banks, The Wall Street Journal reported. The report cited an Options Group study, which predicted the 4 percent...Show More Summary
Citigroup (C) is mulling the sale of its index business, according to a Reuters report published late on Wednesday. Mike Stone and Jessica Toonkel write that big banks are facing pressure to jettison their index businesses over regulatory concerns, while existing index firms have been eager to hoover them up with passive, index-tracking investing in [...]
There are a lot of reasons to love Wells Fargo, but one of them is certainly the fact that it gets in much less trouble than its peers on Wall Street.
Sen. Elizabeth Warren is taking on Wall Street on behalf of the people again, this time working with Rep. Elijah Cummings (D-MD) to make the big banks responsible for protecting their customers' data from hackers. Over the past year,...Show More Summary
The designation “Too Big to Fail” usually makes us think of large banks, propped up by taxpayer funds during the 2008 financial crisis. But the central questions it raises—When do we have a responsibility to save an institution? And who should be on the hook to save it?—apply beyond the finance industry. Each of us […]
A few months ago, a former employee at the secretive Federal Reserve Bank of New York named Carmen Segarra came forward and blew a big fat whistle. She alleged that she had witnessed regulators, and specifically her boss Mike Silva, act unethically and deferentially towards an entity they were supposed to regulate, Goldman Sachs. Show More Summary
TD Bank has signed a lease to take 200,000 square feet of office and retail at One Vanderbilt Ave., giving a big boost to the proposed 1.6 million square-foot building that is to soar 1,500 feet.
After a positive run for much of the year, small business loans from big banks dropped in October for the first time in seven months. Small business loan approval rates from big banks to small businesses dropped from 20.6 percent inShow More Summary