Sun, Mar 29 2015
LONDON - Investment banks feeling the pinch from increased regulation since the financial crisis could reap an earnings reward from a boost in trading activity under the European Central Bank's (ECB) trillion-euro quantitative easing (QE) program.
NEW YORK - Private equity firm Warburg Pincus LLC has told investors it will seek to raise a new $12 billion global fund, just two years after amassing a $11.2 billion fund, according to people familiar with the matter.
Fri, Mar 27 2015
NEW YORK - Fewer Americans seeking higher credit were rejected over the last 12 months, and they are more likely to seek credit in the coming year, according to a New York Federal Reserve survey published on Friday.
NEW YORK - Walter Bettinger, president and chief executive of Charles Schwab Corp, earned $11.8 million in cash, options and restricted stock awards in 2014, 7 percent below the $12.7 million he was paid in 2013.
NEW YORK - Investors around the world pulled over $6 billion from stock funds in the week ended March 25, the biggest withdrawals in seven weeks, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
BOSTON - An architect of the shareholder votes companies hold on executive compensation said he is "disappointed" they have not led to more changes, noting that wealthy mutual fund company leaders make weak overseers of CEO pay.
(This March 26th story has been corrected to remove 'in the next two years' from headline and first paragraph)
NEW YORK - Two former executives of a defunct Wall Street broker-dealer were sentenced to prison on Friday for participating in a scheme to pay $5 million in bribes to an official at a Venezuelan state economic development bank in exchange for business.
NEW YORK - Citadel Securities, a top market maker in U.S. stocks and listed options, plans to shutter its Apogee "dark pool" to focus on another of its off-exchange stock trading venues called Citadel Connect, according to people with direct knowledge of the matter.
LONDON - Goldman Sachs became the top commodities bank last year, overtaking rival JP Morgan, a consultancy said on Friday.
Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.