Money Headlines

Sun, Mar 29 2015

Investment banks eye potential trading boost from ECB stimulus

Photo

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.

29 Mar 2015

Exclusive: Warburg Pincus seeks $12 billion private equity fund

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.

1:05am EDT

Fri, Mar 27 2015

Americans faced fewer credit rejections: New York Fed survey

Photo

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.

27 Mar 2015

Pay for top Charles Schwab Corp execs fell 5-10 percent in 2014

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.

27 Mar 2015

Stock funds worldwide see biggest outflows in seven weeks: BofA

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.

27 Mar 2015

Dodd-Frank co-author disappointed on pay votes, cites fund managers

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.

27 Mar 2015

Google to pay CFO Porat more than $70 million

Photo

(This March 26th story has been corrected to remove 'in the next two years' from headline and first paragraph)

Tech, Money 27 Mar 2015

N.Y. broker-dealer execs get prison time for Venezuelan bribe scheme

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.

U.S., Money 27 Mar 2015

Citadel Securities to close Apogee 'dark pool': sources

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.

27 Mar 2015

Goldman climbs to top commodity bank ranking over JP Morgan

Photo

LONDON - Goldman Sachs became the top commodities bank last year, overtaking rival JP Morgan, a consultancy said on Friday.

27 Mar 2015
Photo

Key retirements mean a changing of the guard next year in U.S. Congress

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.