Shares of OnDeck Capital, an online lender to small businesses, rose as much as 37 percent in their debut, valuing the company at up to $1.8 billion.» Read More
Mild mannered Switzerland is putting downward pressure on the common currency.
USA TODAY reporter John Waggoner explains the Libor scandal and what it means to you.
Regulators are focusing on at least four of Europe’s biggest banks as they investigate the attempted manipulation of the region’s benchmark interest rate, The Financial Times reports.
They are supposed to be among Wall Street’s most closely guarded secrets: changes in research analysts’ views, up or down, of a company’s prospects. But some of the nation’s biggest brokerage firms appear to be giving a handful of top hedge funds an early peek at these sentiments — allowing them to trade on the information before other investors get the word, the New York Times reports.
Traders on Wall Street are always looking for how to get an edge and pull ahead especially in this catch-a-falling knife market. The latest secret weapon isn’t some complex trade or computer algorithm, it’s something more primal — testosterone.
As unemployment climbed and tax revenue fell, the city of Baltimore laid off employees and cut services in the midst of the financial crisis. Its leaders now say the city’s troubles were aggravated by bankers’ manipulation of a key interest rate linked to hundreds of millions of dollars the city had borrowed.
Investors yawned when the European Central Bank cut interest rates last week. This strategist says they were wrong.
Stocks eased off their worst levels in the final hour of trading, but still finished firmly in the red Friday on the heels of a disappointing June government jobs report.
Twelve large banks and brokers in Japan have been ordered by the country’s financial regulator to review their internal controls for handling sensitive information and report back on the results in a month as a crackdown on insider trading builds. The FT reports.
New York’s biggest investment houses are shifting jobs out of the area and expanding in cheaper U.S. locales, threatening the vast middle tier of positions on Wall Street.
Investor’s hopes and share prices rose Tuesday as Rupert Murdoch’s News Corp. announced that it is considering dividing the massive media conglomerate into two separate, publicly traded companies.
Moody’s Investors Service downgraded the debt ratings of 15 major international banks and securities firms on Thursday, a move that could cost the banks billions of dollars in extra collateral.
European shares were called to open lower on Friday after Moody’s Investors Service cut the credit ratings of 15 of the world largest banks on Thursday, citing volatile market conditions and their continued exposure to the euro zone sovereign debt crisis.
The Federal Reserve is extending its efforts to push down long-term interest rates via Operation Twist. Here's why this stimulus is not bad for the dollar.
US lawmakers and regulators have attacked London as a source of financial crises and promised tougher crossborder rules in the wake of $2 billion of trading losses at the UK unit of JPMorgan Chase., the FT reports.
When Mitt Romney picks his running mate, odds are he'll select someone with far less wealth than his own. Unless he chooses Meg Whitman, one of the richest women in America.
If you’re somewhat optimistic, if you think the tape will hold, the Fast pros say the following stocks belong on your radar.
US manufacturers have attacked plans by JPMorgan Chase to launch an exchange-traded fund backed by physical copper, arguing that the product would “grossly and artificially inflate prices” and “wreak havoc on the US and global economy”. The FT reports.
Breaking down the debt crisis in Europe, with Anshu Jain, Deutsche Bank's incoming CEO. "I think the [banking industry], in some ways, let a lot of people down and now we have to make up for that," he says.
Trans-Atlantic tension in JPMorgan Chase’s chief investment office in 2010 and 2011 contributed to the unit’s giant losing trades in 2012, current and former bankers said, The New York Times reports.