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United States

Sruthi Shankar

Mar 15 2017

Euronet Worldwide trumps Ant Financial's offer to buy MoneyGram

U.S. electronic payments company Euronet Worldwide Inc launched a $1 billion bid for rival MoneyGram International Inc on Tuesday, arguing that its all-American deal would face less regulatory scrutiny than a lower bid by China's Ant Financial Services Group.

Feb 17 2017

Snap lowers valuation expectations in highly awaited IPO

Snap Inc , owner of the popular messaging app Snapchat, set a lower-than-expected valuation range on Thursday, amid mounting investor concern over its unproven business model, slowing growth and tight founder control.

Feb 10 2017

Senators question Goldman Sachs on its role in Trump banking policy

Two U.S. senators are seeking details from Goldman Sachs Group Inc's chief executive on the extent to which the bank's employees were involved in drafting of the recent executive orders on banking and fiduciary regulations.

Feb 10 2017

US senators question Goldman on its role in Trump's banking policy

Two U.S. senators sought details from Goldman Sachs Group Inc's chief executive on the extent to which the bank's employees were involved in drafting of the recent executive orders on banking and fiduciary regulations.

Jan 26 2017

PayPal outlook muted on mobile competition, currency trends

PayPal Holdings Inc offered a subdued outlook on Thursday, as it faced unpredictable currency fluctuations and an increasingly competitive digital payments market.

Jan 17 2017

Morgan Stanley's profit doubles on bond-trading surge

Morgan Stanley's profit doubled in the fourth quarter as trading activity surged across Wall Street, and the bank said it was on track to reach a number of financial goals set out by Chief Executive James Gorman. | Video

Jan 13 2017

Bank of America profits surge on cost cuts, trading gains

Bank of America Corp reported a near-50-percent jump in fourth-quarter profit on Friday due to cost cuts and higher trading revenue, and its finance chief forecast sturdy income growth ahead thanks to rising interest rates.

Dec 28 2016

OCC submits rule to curb U.S. banks dealing in industrial metals

The Office of the Comptroller of the Currency (OCC) said on Wednesday it had submitted a rule to the Federal Register to prohibit U.S. national banks and federal savings associations from dealing or investing in industrial or commercial metals.

Nov 18 2016

SEC approves FINRA plan to disclose mark ups in bond prices

The Financial Industry Regulatory Authority (FINRA) said the U.S. Securities and Exchange Commission had approved a plan that would require brokerage firms to disclose how much they mark up the price of most bonds they sell to retail customers.

Oct 27 2016

China's ZTO Express falls in market debut

Shares of Chinese package delivery company ZTO Express fell 15 percent from the company's IPO price in its U.S. market debut on Thursday, despite having raised more than expected at $1.4 billion the night before.

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