Increasingly strict capital rules over the past three years may be forcing the breakup of the financial supermarkets built in the decade before the financial crisis. Lenders, unable to use borrowed money to fund as much of their business as they once did, have cut profitability targets and are weighing more drastic actions to meet them. Show More Summary
Subpoenas served to giants BNP Paribas, Societe Generale, Credit Suisse and Goldman Sachs.
The bank says it will rely on growth, cost cuts and new fees, The approach just underscores what an unimpressive business big banking has become.
Santana are playing Forest Hills Tennis Stadium on August 14. Tickets go on sale at 10 AM. William Fitzsimmons is playing City Winery on May 24 with Denison Witmer. Tickets are on sale now. Tickets for the Passion Pit...
Any investors banking on cheap energy for their next big profit may need a new strategy, according to Third Point's Dan Loeb. In a conference call reported by Bloomberg on Friday, Loeb said funds that expect to buy oil cheap and ride...Show More Summary
Prosecutors in the Justice Department's antitrust division are scrutinizing the price-setting process for gold, silver, platinum and palladium in London, while the Commodity Futures Trading Commission has opened a civil investigation, these people said. Show More Summary
The big banks have had it all their way for decades, but now peer-to-peer lenders are taking them on in the massive personal loans market with lower rates -- and borrowers are lapping it up.
If you're going to invest in Argentina, you better put on your big boy pants, and be prepared to lose them. That's the tone of a letter JP Morgan and Deutsche Bank sent potential investors in a proposed Argentine bond offering that was "suspended" less than 48 hours after it was announced. Show More Summary
US bank Wells Fargo has a number of competitive advantages that make it a more compelling proposition than any of the big four.
Every time Will Bloom rounds the corner into the forest, his dying father Ed in his arms, to find all of Ed’s friends waiting for him at the river bank, I cry. Every single time. It’s as if Big Fish has the key to a complex emotional...Show More Summary
It’s clear that big banks provide a lot of incentive for hackers to launch cyber attacks, given the amount of sensitive data they hold and the cash they oversee. But banks aren’t…
Tickets for the Patrick Watson show at MHOW go on AmEx presale today at noon. Tickets for the added Action Bronson show at Terminal 5 go on AmEx presale today at noon. Tickets for the Fat White Family shows...
There's a great chart going round from Ian Bremmer on Twitter, showing which countries have the strongest economies, and how big they are. It's from the World Bank's International Comparison Program, which is one of the most exhaustive research sources on the world's wealth and who's got it. Show More Summary
The Bank of England Wednesday launched a new research program that seeks answers to most of the big questions facing central bankers, and economics more broadly, in the wake of the 2008 financial crisis.
Last December I wrote about a bank merger deal that could create yet another "too big to fail" bank from the smoking embers of two of the very banks that helped blow up our economy in 2008: OneWest Bank (formerly IndyMac) and CIT Bank. Show More Summary
Senator Pat Toomey (R-Pennsylvania) had the best line at Federal Reserve Chair Janet Yellen's Senate Banking testimony on Tuesday. The big wage story of late is the news out of Wal-Mart, the biggest private employer in the US, raising its minimum hourly wage for 500,000 employees. Show More Summary
Good morning! Over the weekend, we highlighted a chart of US Treasury yields since the American Revolution. And now for the really big picture, via a speech from the Bank of England's Andy Haldane — and flagged in a research note byShow More Summary
Yellen faces Senate grilling on Fed rate policy, transparency (Reuters) Big Banks Face Scrutiny Over Pricing of Metals (WSJ) Greece makes more concessions to euro zone, Germany sets vote (Reuters) Time for another executive order: Longer...Show More Summary
Challenger bank Aldermore confirmed its plans to launch an IPO in March this year. The UK banking newcomer, which was only founded in 2009, is set to list at a value of between £600 million to £650 million. It also hopes to raise £75 million from the London Stock Exchange float. Show More Summary
US officials investigate process for setting benchmark precious metals prices in London.