Warburg Pincus Seeks $12B Private Equity Fund
March 30 2015 2:16 AM EDT
Private equity investors prefer their money to be deployed quickly, assuming it's invested wisely.
China-Led Infrastructure Investment Bank Gains Global Support
March 28 2015 3:27 AM EDT
Like the U.K., Switzerland and other European countries, Russia has announced it intends to join the bank.
Bank Of America Should Think About Breaking Up: Analyst
March 26 2015 5:55 PM EDT
A leading bank analyst published a note backing a shareholder proposal to have the megabank consider splitting itself up.
Regulators Outline 'Debt Trap' Rules for Payday Lending
March 26 2015 2:08 AM EDT
The CFPB unveiled a plan to make high-cost personal loans more affordable.
Payroll Cards Could Be Reined In By Washington State Bill
March 24 2015 11:20 AM EDT
Legislators respond to employers' growing use of payroll cards -- with hidden costs -- to pay wages.
Data Breaches Cause Top Companies To Boost Cybersecurity Spending
March 21 2015 10:20 AM EDT
Shares of publicly-traded cybersecurity firms have outperformed the market in recent months, as high-profile data breaches at Sony , JPMorgan Chase and Anthem prompt businesses to spend more to secure their computer networks.
Japan, Australia Signal Approval Of China-Based Regional Bank
March 20 2015 4:49 AM EDT
The AIIB could emerge as a rival to the Asian Development Bank (ADB), which is dominated by Japan and the United States.
Why Fed's Inevitable Rate Hike Matters For Consumers
March 18 2015 8:35 AM EDT
The Fed has signaled recently that it could begin returning interest rates to normal levels sometime in the next six months.
US Urges Allies To Think Twice Before Joining China-Led Bank
March 18 2015 5:10 AM EDT
Europe's participation reflects the eagerness to partner with China's economy, the world's second largest.
Fannie, Freddie Could Need Another Bailout As Risks Rise: Watchdog
March 18 2015 12:38 AM EDT
Washington bailed out the two firms in 2008 at the height of the financial crisis.
Major US Allies To Join China-Backed Bank: Reports
March 17 2015 5:29 AM EDT
The bank is seen as contributing to the spread of China's "soft power" in the region, possibly at the expense of the United States.
Wall Street Doesn't Want Brokers To Act In Your Best Interest
March 16 2015 3:48 PM EDT
Big Finance and its lobbyists are lining up to oppose long-delayed rules meant to protect retirement savings from bad advice.
Christie Shifted NJ Pension Cash To Donor’s Foreign Firm
March 16 2015 12:03 PM EDT
Chris Christie appointees committed $300 million to a subsidiary of a foreign firm whose executive donated to his campaign and the RNC.
Does Restricting Tax Inversion Help?
March 16 2015 2:01 AM EDT
According to a report, acquisition of American firms by overseas buyers is on the rise since the U.S. came down on tax inversions.
Most Investment Bank Revenue Divorced From Real Economy
March 13 2015 8:46 AM EDT
Only about one-quarter of the cash flowing into global investment banks derives from activity in the real economy.
Bank Of England Tells Markets To Prepare For Potential Shocks
March 13 2015 6:36 AM EDT
Markets should not see it as an "aspiration" to return to the "under-priced" liquidity seen before the 2007-09 financial crisis, the bank said.
UK To Join China-Backed Asian Infrastructure Investment Bank
March 13 2015 12:49 AM EDT
Analysts believe the institution could challenge the Western-dominated World Bank and Asian Development Bank in the region.
Wall Street 2014 Bonuses: $28.5B
March 11 2015 2:35 PM EDT
Employees in New York City's financial industry pulled in nearly $30 billion in bonuses last year, the third straight year of growth.
Spanish-Language Broadcaster Univision Hires Underwriters For IPO: Sources
March 11 2015 12:50 AM EDT
New York-based Univision’s Spanish-language broadcast network sometimes beats English language broadcasters in the primetime ratings race.
Credit Suisse Says Prudential Head Thiam Will Replace CEO Dougan
March 10 2015 6:04 AM EDT
Brady Dougan will step down as chief executive of the Swiss bank at the end of June.