LONDON— The European Investment Bank has agreed to provide extensive funding for a new wind farm off the northeast coast of Scotland. The bank said Wednesday it would allocate 525 million pounds for the facility to be built 14 kilometers off the Caithness coast near Wick, 1,070 kilometers north of London. The money would be used to build an 86- turbine wind farm... » Read More
Wall Street is in its biggest transition since the Great Depression, says James Gorman, Chairman & CEO of Morgan Stanley, sharing perspective on the capital markets and his company's growth strategy. The creditworthiness of the company is back, but the results aren't there yet, says Gorman.
Barry Schneider, Chairman & CEO of LOYAL3, discusses how his online brokerage firm aims to make investing easier.
The core revenues bounce back, says Marty Mosby, Guggenheim Partners analyst, breaking down the big banks' quarterly earnings.
The long-discussed "Great Rotation" won't be from bonds to stocks but will be within the bond market, BlackRock Chairman and CEO Larry Fink told CNBC.
Larry Fink, Chairman & CEO of BlackRock, discusses ways to protect investors while managing risk and regulating asset management. We need to look at regulating more at the product level, says Fink.
Larry Fink, Chairman & CEO of BlackRock, discusses where he thinks interest rates are likely headed. Inflation is going to hold down rates, says Fink. And a discussion on how technology is aggressively transforming the global workforce.
Larry Fink, Chairman & CEO of BlackRock, shares his thoughts on investment banking and what he is seeing as a shift away from core index bonds into "unconstrained' fixed income.
Federal law currently prohibits banks from processing marijuana transactions, but that may all be about to change.
Government regulations aimed at reducing reducing risk at the nation's banks in the wake of the 2008 financial crisis are having the opposition effect, bank analyst Dick Bove tells CNBC.
Winthrop H. Smith, Sugarbush Resort president, discusses the history of Merrill Lynch and the real story of what happened to the brokerage firm as it marks its centennial anniversary. No one challenged the culture of fear that had grown there, says Smith.
They’re called momentum stocks on Wall Street. Cramer says they can make you a lot of money, but only if you know when to get out.
Moelis & Co. founder and CEO Ken Moelis, discusses the current M&A environment, as well as regulatory conditions. He says regulations "will continue to pressure people who want to have one-on-one relationships with their client undisturbed by some of the oversight that's meant for balance sheets."
Securities brokers who think California's court system offers an easy path for erasing details from their public records may want to think again.
Wall Street's watchdog is developing a new rule that would require clearing firms to regularly provide it with data about brokerage transactions.
NYPD has denied that its commissioner, Ray Kelly, was in talks with JPMorgan Chase about a senior role in security at the bank.
Democrat Bill de Blasio seems headed to be New York's next mayor. But Wall Street's worries about his election are unwarranted, some observers say.
Hammered by their role in the 2008 crisis and the rigging of the LIBOR, the global banking sector looks set to take another battering.
Around 1.2 trillion euros ($1.7 trillion) of non-performing loans are parked on European banks' balance sheets.
Mizuho Financial Group said the chairman of its banking unit will resign following a loans-to-mobsters scandal.
Financial services professionals based in Singapore – Southeast Asia’s financial hub – have high hopes for bonuses this year, according to a new survey.