Falling solar system and battery prices combined with electric vehicles' rise may soon send internal combustion engines to the junk yard, analysts say.» Read More
NEW YORK, Aug 28- A U.S. regulator can proceed with lawsuits accusing HSBC Holdings Plc and Nomura Holdings Inc of misleading Fannie Mae and Freddie Mac into buying mortgage-backed securities that later turned toxic, a federal judge ruled on Thursday.
NEW YORK/ LONDON, Aug 20 (Reuters)- A $300 million fine on Standard Chartered for lapses in anti-money laundering controls has piled pressure on the bank's board, coming after a series of transgressions and a drop in earnings that had already prompted calls for change at the top.
NEW YORK, Aug 19- A Florida man on Tuesday pleaded guilty in New York to criminal charges for concealing as much $1.1 million in offshore accounts, even after learning that U.S. authorities were cracking down on wealthy Americans evading taxes. District Judge Alvin Hellerstein, who accepted Kramer's plea in Manhattan federal court.
NEW YORK, Aug 19- British banking company Standard Chartered Plc will pay a $300 million penalty and suspend or exit some important businesses after failing to weed out risky transactions that could be linked to money laundering.
SAO PAULO, Aug 18- T4U Holding Brasil SA, the country's No. 5 mobile phone tower operator, plans to sell shares in an initial public offering as soaring demand for high-speed Internet spurs the construction of thousands of towers in Latin America's largest country.
WASHINGTON, Aug 5- U.S. regulators on Tuesday told banks to come up with better living wills, inching a step closer to taking action if these plans to avoid taxpayer bailouts during a future crisis were still deficient next year.
Any relief from a correction may give way to listless trade, writes CNBC's Karen Tso.
SAO PAULO, Aug 4- Itaú BBA hired former Citigroup Inc banker Francisco Salas to head its investment banking unit in Mexico, as the Brazilian wholesale and investment bank seeks to expand financial advisory services in Latin America's second-largest economy.
The ISDA on Friday effectively declared Argentina in default, which could trigger payments worth up to $1 billion on credit default swaps.
One of the most surprising aspects about Argentina’s default on its debt this week was the lack of market impact on other emerging economies.
CNBC takes a quick look at dark pool trading platforms and why they have come under investigation.
Aurelius, along with hedge fund Elliott Management, is firmly holding out on a debt agreement with Argentina.
Swiss bank Credit Suisse became the latest major European bank to say it was caught up in an investigation into alternative trading venues known as dark pools.
*New South Wales wants $10 bln for 49 pct of electricity network. Rooftop solar installations are booming and on-grid energy use is falling just as the government of New South Wales state prepares to offer a 49 percent stake in its electricity distribution network for around $10 billion, likely to one or more strategic investors.
Mirror, mirror on the wall, who's the fairest financier of them all? An analysis of one dating app's data breaks it down.
European shares closed higher on Tuesday, as investors reacted to corporate earnings while keeping an eye for fresh sanctions against Russia.
Tom Naratil, UBS CFO, discusses UBS's settlement with Germany on tax evasion charges.
Tom Naratil, UBS CFO, discusses robust growth in UBS's wealth management division.
UBS posted a second-quarter net profit of 792 million Swiss francs, as it booked a $280 million charge to help settle litigation in Germany.
Sergio Ermotti, CEO of UBS, says the company will have to "respect" any sanctions imposed on Russia but the Swiss bank is "committed" to the country's clients.