JPMorgan Chase has a $22 billion capital hole under new rules proposed by the Federal Reserve on Tuesday, a blow to a bank. The Financial Times reports.» Read More
Even as BlackRock is set to amass $1 trillion in exchange-traded fund assets, investors increasingly send money to low-cost leader Vanguard.
JPMorgan is launching its first exchange-traded fund on Tuesday.
Three major banks are below or almost at minimum capital thresholds expected to be included in a rule still being hammered out by U.S. regulators.
The euro weakened against the dollar, as yield differentials between Treasuries and Bunds widened to multi-year highs.
Vanguard Group CEO Bill McNabb says the idea of tagging some funds as systemically important to the financial system will cost investors.
U.S. stock index futures signaled a lower open on the last day of the week, as fears about the Ukraine-Russia situation resurged.
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.