We start a quiet Sunday with a big picture anecdote from Eric Peters' latest weekend note explaining why what central banks are trying to do is impossible, why the trend of inflation over the past 70 years is "stunning and unprecedented"...Show More Summary
Any way you put it, everyone on CBS’s “The Big Bang Theory” makes bank. But some cast members ? Jim Parsons, Johnny Galecki, Kaley Cuoco, Kunal Nayyar and Simon Helberg ? have a considerably larger slice of the pie, given that they’ve...Show More Summary
LONDON — UBS, Switzerland's biggest bank, had a great start to 2017, boosting pre-tax profit by 42% in the first quarter of the year and beating analysts estimates. But that was not enough to keep the bank from striking a dour tone in...Show More Summary
There was some snickering two days ago when it emerged that as his first paid speech appearance, former president Barack Obama who - at least on paper was a determined crusader against the big banks - will receive $400,000 for roughly...Show More Summary
The decision might help save a historic bank building Starchitect Frank Gehry has said, “some buildings you can’t save.” The Los Angeles Conservancy would disagree. It won a lawsuit Wednesday aimed at preserving a 1960s bank building...Show More Summary
Racing to convey a sense of momentum to President Trump’s sluggish legislative agenda, the White House unveiled what it called “the biggest tax cut” in U.S. history Wednesday, just ahead of the symbolic 100-day mark in the administration. The tax plan, touted as an overhaul, bears the hallmark...
Moelis & Company, a boutique investment bank, just announced its second record quarter in a row, and is now looking for top-tier talent to add to its roster. The firm beat analyst's first quarter expectations by earning $173 millionShow More Summary
A fast-growing derivatives exchange has made a big hire. rueEx, an in terest rate swap execution platform, has hired former Deutsche Bank executive Chris Yoshida to run sales, marketing and strategy. He will join the executive team of...Show More Summary
Republicans are dead set on rolling back regulations passed to restrain Wall Street and big banks from repeating the kind of shenanigans that fueled the 2008 financial collapse. Rather than fight a losing battle at the federal level, advocates for a secure, accountable and transparent financial...
A tidal wave of inflation is rapidly moving through the financial system. Most investors only pay attention to the Federal Reserve. And they are missing the BIG PICTURE for Central Bank monetary policy. The Fed is tightening policy by hiking rates. Show More Summary
Blockchain is big news in the finance world right now. A complicated database system that’s an integral part of Bitcoin, Blockchain creates time-stamped, secure blocks of data that can’t be altered. The finance world loves it: Both IBM...Show More Summary
Barron’s Andrew Bary says it’s time to put money in banks. Bank exchange-traded funds are winning back lost ground after showing a relatively muted response to earnings results. Bank and Businessman go a-riding one day Getty Images/iStockphoto The Financial Select Sector SPDR ETF (XLF) has gained 2.1%. The SPDR S&P Bank ETF (KBE) has gained 2.46%, […]
REGULATORY CAPTURE: Dodd-Frank could be driving small banks to consolidate, but protecting big banks from competition.
It's moving season on Wall Street. Bonuses have landed in bank accounts, freeing up bankers and traders to move to new employers. Big people moves on Wall Street often occur around this time of year. With that in mind, we asked six Wall Street recruiters about the big trends in hiring. Here's what the recruiters had to say. Show More Summary
My friends Rob Cottingham, Gerard Francis Corbett and I have had some fun lately. One way to gain perspective on our modern reality is to do so through humor. So when a several big brands in the beverage, transportation, banking andShow More Summary
``There's no cure for major asset Bubbles other than unwinds. Once asset inflation becomes the prevailing inflationary manifestation it becomes impossible to inflate away the problem. Instead, central bank efforts to spur general inflation only exacerbate Bubbles and maladjustment. Show More Summary
LONDON —Britain is going through a retail banking boom right now, with several new, app-only banks setting up shop. Starling was one of the first. Anne Boden quit her position the COO of Allied Irish Bank (AIB) in 2014 to build a mobile-first bank and has been doing that ever since. Show More Summary
On Friday, the president called for a formal review of the panel that can deem banks “too big to fail.”
Authored by Wolf Richter via WolfStreet.com, No one knows the full magnitude, but it’s huge. How big is margin debt really, and how much of a threat is it to the stock market and to “financial stability,” as central banks like to call...Show More Summary
U.S. stocks are lower Friday after a big gain the day before. Banks are down with bond yields and interest rates. Health care companies are also slumping and energy companies … Click to Continue »