Markets / Finance
RBS Sets Aside $640M To Settle Forex Probes
October 31 2014 4:57 AM
Rival Barclays said on Thursday that it had set aside $800 million. JP Morgan, UBS and Citi have also set aside large sums.
HSBC Banker Compares Hong Kong Protesters To Emancipated Slaves
October 31 2014 4:37 AM
Laura Cha reportedly said that emancipated slaves in the U.S. waited 107 years for the right to vote, "so why can't Hong Kong wait."
BOJ Shocks Markets With Surprise Easing
October 31 2014 2:47 AM
The jolt from the BOJ came as the government signaled its readiness to ramp up spending to boost the economy.
What Comes Next For US Economy?
October 30 2014 2:02 PM
As quantitative easing comes to an end, many economists fear the U.S. economy hasn't returned to full strength — and may not be able to.
Shedding Paper For Red Ink
October 30 2014 11:29 AM
The New York Times Company said digital-only subscriptions are up 13 percent, but layoffs and buyouts are eating profits.
M&A Regaining Precrisis Health
October 30 2014 7:19 AM
A new survey released Thursday reveals that merger-and-acquisition activity is regaining precrisis health, striking a significant comeback.
Barclays Sets Aside $800M For FX Probe, Q3 Profits Up
October 30 2014 3:57 AM
It is one of six banks that are in talks with UK regulators about a coordinated settlement over alleged manipulation of foreign exchange markets.
Occupy Protests Have Not Hurt Hong Kong Business Climate: World Bank
October 29 2014 11:21 PM
The Occupy movement "does not appear to have an impact on the overall business confidence" in Hong Kong, the bank says.
Prosecutors Probing Whether Big Banks Violated Settlement Deals
October 29 2014 10:05 PM
U.S. authorities are investigating whether banks such as Standard Chartered and Barclays played down the extent of previous wrongdoings.
Fed Set To End One Crisis Chapter Even As Global Risks Rise
October 29 2014 7:20 AM
The Fed’s statement will be read for signs of how inflation, growth and financial market volatility have influenced U.S. policymakers.
Eurozone Banks Expect Sharp Rise In Loan Demand In Q4
October 29 2014 6:34 AM
The ECB said in its latest quarterly Bank Lending Survey that banks are expected to ease credit standards further in the final quarter.
SEC Probing Private Equity Performance Figures: Report
October 29 2014 5:09 AM
At issue is how private equity firms report how they calculate average net returns in past funds in their marketing materials.
China Can Afford To Cut Growth Target To 7% In 2015: World Bank
October 29 2014 2:39 AM
After 30 years of breakneck economic expansion, China wants to retool its economy to generate slower but better-quality growth.
Twitter Plunges On Growth Shortfall
October 28 2014 1:05 PM
Shares dive after microblogging service fails to meet Wall Street's expectations.
Madison Square Garden Co. Considers Split
October 28 2014 10:55 AM
The plan would separate the company’s entertainment businesses from its sports and media operations.
Global Gender Gap Widens In Some Nations
October 28 2014 9:01 AM
The best countries for income equality in 2012 and 2013 were Iceland, Finland, Norway and Sweden.
Federal Reserve Expected To Raise Outlook On US Economy
October 28 2014 8:11 AM
“The economy is growing consistently and at a faster pace than it was prior to QE3.”
Lloyds Takes On Fresh $1.5B Mis-Selling Charge
October 28 2014 5:34 AM
The new mis-selling charge comes two days after the bank only narrowly passed a test set by regulators.
BoE Official Says Financial Sector's 'Outrageous' Behavior Must End
October 28 2014 1:08 AM
The attempted rigging of Libor showed that it was not just a case of a few bad apples, according to BoE Deputy Governor Minouche Shafik.
Schwab To Offer Free 'Robo-Advice'
October 27 2014 8:35 PM
The program will create portfolios of exchange-traded funds managed by Schwab and other providers.