Goldman Sachs has laid the groundwork to launch actively managed exchange-traded funds, the latest Wall Street bank to set its sights on the market.» Read More
BRUSSELS, May 20- European Union antitrust regulators charged Europe's biggest bank HSBC, U.S. peer JPMorgan and France's Credit Agricole on Tuesday with rigging financial benchmarks linked to the euro, exposing them to potential fines.
NEW YORK, May 1- Invesco Ltd, which oversees the PowerShares line of exchange-traded funds, said on Thursday its first-quarter profit fell 15.5 percent, pressured by an increase in operating expenses that included a fine from British regulators. The fine reduced Invesco's quarterly diluted earnings per share by 7 cents, the company said.
LONDON, April 28- Three London-based traders suspended or fired as part of a global investigation into alleged collusion and price-rigging in the foreign exchange market were not registered by Britain's financial market watchdog, revealing inconsistencies in the oversight of the world's biggest marketplace, Reuters analysis of the Financial Conduct Authority's filings has shown.
U.S. stock index futures signaled a lower open on the last day of the week, as fears about the Ukraine-Russia situation resurged.
*Q1 earnings per share 99 cents vs est of $1.00/ shr. April 25- State Street Corp, the world's second-largest custody bank, reported a 22 percent fall in first-quarter profit, mainly due to higher expenses related to recent job cuts.
April 25- State Street Corp, the world's second-largest custody bank, reported a 22 percent fall in quarterly profit, mainly due to higher operating expenses. The net income available to common shareholders fell to $356 million, or 81 cents per share, in the first quarter ended March 31, from $455 million, or 98 cents per share, a year earlier.
Stock lending can help ETFs generate extra income. But some managers, like BlackRock, pocket a big chunk of those fees for themselves.
The Fed's drive to wean Wall Street off risky funding sources is expected to bring more pain to the biggest U.S. banks in the coming months.
The eight biggest U.S. banks must boost capital levels by a total of about $68 billion under new rules, U.S. regulators said on Tuesday.
Some of the names on the move ahead of the open.
The "Fast Money" traders share their final trades of the day.
Eight of the nation's largest banks will begin using their own models and systems to calculate the amount of capital they need to set aside.
Green bonds have taken off over the last year, with more than $10 billion issued in 2013 alone and $25 billion expected in 2014.
Britain's financial watchdog fined State Street U.K. 22.9 million pounds ($38 million) for deliberately overcharging its clients.
Friday's midday movers:
U.S. stock prices could continue to correct, but it's too soon to say whether this is the big one.
The Federal Reserve's approval of the rule sends a clear signal, bank analyst Mike Mayo of CLSA says.
Not even $3 billion could convince Snapchat's founders to go work for Facebook's Mark Zuckerberg, but it was a better week for Amazon and Apple.
Amid Libor probes big banks are considering banning traders from online chat rooms seen by regulators as venues for collusion and market manipulation.
U.S. stock index futures tread water on Tuesday, ahead of the publication of the government's delayed non-farm payrolls data for September.