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Basel tells big banks that simple might be better
LONDON (Reuters) - Big investment banks should accept that simple may be better when it comes to new rules for capital requirements to protect them from trading risks, a top regulator said on Wednesday......»»
Morgan Stanley profit beats estimates on trading boost
(Reuters) - Morgan Stanley posted a better-than-expected first-quarter profit on Wednesday, as its trading business drew strength from increased market volatility in line with other major banks......»»
Earnings Outlook: Square buys more bitcoin as Cash App users boost revenue
Square Inc. doubled down on bitcoin with a $170 million investment in the cryptocurrency, as surging interest in trading among Cash App customers helped revenue more than double in the fourth quarter......»»
Stimulus will boost value stocks: advisor
Value stocks have long underperformed growth stocks, but Mercadien Asset Management's Ken Kamen tells Reuters' Fred Katayama it's time to consider buying hard hit financial and energy stocks......»»
Wall Street curtails corporate lending in Europe to put America first: sources
U.S. investment banks are shrinking lending activity in Europe as the coronavirus crisis forces them to retreat home, allowing BNP Paribas and other European lenders to fill the funding gaps and grab market share, seven sources told Reuters......»»
Wall Street backs off European corporate lending to focus on America: sources
U.S. investment banks are shrinking lending activity in Europe as the pandemic forces them to focus on home, allowing BNP Paribas and other European lenders to fill the gaps and grab market share, sources familiar with the matter told Reuters......»»
Outside the Box: 9 ways the coronavirus stimulus can boost your financial future
There’s a slew of financial planning opportunities that can benefit almost all of us, says Peter Mallouk......»»
Gold prices will nearly double to a record $3,000 as central banks fuel "financial repression," Bank of America says
REUTERS/Ilya Naymushin Gold will rally 80% over the next 18 months as central bank stimulus and economic turmoil drives record in.....»»
Amazon to hire 75,000 more employees, boost pay increase investment to more than $500 million
Shares of Amazon.com Inc. rallied jumped 3.6% in morning trading Monday, after the e-commerce and cloud giant said it was hiring 75,000 more employees, in addition to the 100,000 it alread.....»»
A trading bonanza while WFH: Here"s everything we know about how Wall Street giants are responding to the coronavirus pandemic
Simon Dawson/REUTERS; Samantha Lee/Business Insider The spread of coronavirus sent Wall Street banks scrambling to put in place work from home policies to protect workers and clients and make sure business can carry on with as little disruption as po.....»»
A Wall Street trading bonanza, how to benefit from the stimulus bill, and Silicon Valley steps up
REUTERS/David Gray Hello! I want to start this newsletter with an extract from an internal memo Citadel founder a.....»»
Bitcoin in Rangebound Trading as Equity Markets Fail to See Stimulus Boost
The bitcoin market is looking pensive as global equities fail to respond positively to the U.S. Senate's approval of a massive coronavirus stimulus package......»»
US stock futures plunge, trigger limit down trading halt, after Senate fails to agree on $1.6 trillion stimulus package
Reuters / Brendan McDermid US equity futures fell sharply after trading commenced at 6 p.m. ET. S&P 500 futures slid more than 4% within five minutes, triggering .....»»
The German Tax-Dodge Probe That’s Roiling Banks
The investment seemed virtually risk-free, guaranteeing hefty returns after only a short season of trading. By exploiting how Germany once taxed dividend payments, dozens of bankers,.....»»
Market Snapshot: Dow sinks 300 points in turbulent Friday trade as investors watch for further coronavirus stimulus plan
U.S. stock indexes bounce around midday Friday in volatile trading, as investors weigh the acceleration of the global death toll due to COVID-19 against efforts by governments and central banks to contain the economic impact of the pandemic......»»
"Central banks are on their A game": Stocks, oil, and bitcoin rally as stimulus efforts temper coronavirus fears
Reuters .....»»
"Central banks are on their A-game": Stocks, oil, and bitcoin rally as stimulus efforts temper coronavirus fears
Reuters / Brendan McDermid Markets were a sea of green on Friday as investors backed authorities to mitigate the economic fallout from coronavirus. The Federal Reserve set up temporary access to billions of dollars to nine central banks hit b.....»»
Exclusive: Dubai signs up banks for $9 billion DP World debt deal - sources
Dubai has received commitments from a group of 10 banks for $9 billion in loans to take full control of port operator DP World and refinance debt of state investment vehicle Dubai World, two sources told Reuters......»»
Hedge Fund and Insider Trading News: Warren Buffett, Ray Dalio, Chenavari Investment Managers, Elliott Management, Valiant Capital Partners, Live Nation Entertainment, Inc. (LYV), Ducommun Incorporated (DCO), and More
Activist Fund Elliott Backs SoftBank’s $4.8 Billion Buyback Plan (Reuters) (Reuters) – Activist investor Elliott Management.....»»
Coronavirus spread prompts Wall Street to seek regulatory approval for home trading
Wall Street banks and brokers are in "robust" talks with regulators to secure rule-waivers that would allow thousands of traders to operate from home as the coronavirus spreads in New York, the chief executive of a top industry group told Reuters......»»