U.S. business borrowing for equipment rises 9% in June: ELFA
U.S. companies' borrowing to spend on capital investments rose 9% in June from a year earlier, the Equipment Leasing and Finance Association (ELFA) said.
Take it easy: central bank U-turns loosen financial conditions
Rate cut bets and rallying equity and bond markets are feeding into a gradual loosening of financial market conditions that could potentially send world growth ticking higher by the end of the year, a closely watched index suggests.
Two top fixed-income portfolio managers exit Eaton Vance
(This July 19 story corrects to say the fund has a negative process pillar rating, not negative overall rating, in the fifth paragraph)
Australian regulator moves to prescribe stricter terms for executive pay
Australia's prudential regulator said it intends to prescribe stricter terms on executive pay policies of the country's large banks, retirement funds and insurers as it seeks to enhance accountability in the financial sector.
Citigroup profit beats estimates on gains in consumer lending
Citigroup Inc topped expectations for quarterly profit on Monday as a tight lid on costs and strength in consumer lending helped the third-largest U.S. bank counter weakness in its trading business.
Charles Schwab in talks to buy USAA wealth-management, brokerage units: WSJ
Charles Schwab Corp is in talks to buy brokerage and wealth-management operations from USAA for about $2 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Goldman banker highlights Morgan Stanley's Hong Kong IPO woes
A senior Goldman Sachs banker has highlighted to colleagues the role played by rival Morgan Stanley in failed Hong Kong IPOs following the collapse on Friday of Budweiser APAC's $9.8 billion initial public offering, according to an internal email seen by Reuters.
Nomura pays $26.5 million to settle U.S. charges over traders' lies about bond prices
Nomura Holdings Inc will pay $26.5 million to settle U.S. Securities and Exchange Commission charges that it failed to properly supervise five former traders who lied to customers about mortgage bond prices.
A doctor on TV, Hill Harper is a money guru in real life
Many Hollywood stars are known for their lavish spending, but Hill Harper is far on the other end of the spectrum. He gives out sound money advice - not in character on TV, but in real life, with his knowledge gained as a Harvard-trained lawyer and serial entrepreneur.