TORONTO, July 24- Canadian mining-focused investment bank Edgecrest Capital has put itself on the auction block, hurt by a prolonged downturn in the natural resource sector that has hit fees and activity, according to two sources familiar with the situation. The move comes two years after Toronto- based Edgecrest, which is led by investment banker David Beatty,...» Read More
CNBC's Mary Thompson reports the latest details on JPMorgan reclaiming pay from former executives responsible for the company's trading blunder, and discussing how the losses will impact the stock, with Gerard Cassidy, RBC Capital Markets.
Italy gets a downgrade; videogame sales continue to plummet; Ackmans sets sights on P&G; Lexmark revises outlook and Google’s Larry Page is back in the office.
"We like JPMorgan going into this quarter," says Betsy Graseck, Morgan Stanley, discussing what to expect from JPM's quarterly numbers and conference call later this morning.
A drought in the IPO market has more Asian firms looking into alternative ways to raise capital, with many tapping private equity and debt markets.
A promising start but disappointing end to the trading day, Fitch reaffirms Rating on the U.S., as share price climbs traders are turning to options to trade stocks like Apple, Apple removes its green certification, Yoga instructor fired for enforcing cell phone ban at Facebook.
A survey by Nielsen shows Asian consumers are more likely to stay invested during this period of volatile markets. What’s more — they are also more likely to put their cash in high-risk assets than their peers in Europe and the U.S.
Another tough Monday for the markets but Alcoa starts earnings season on a positive note; USDA reports the drought is getting worse; Denny’s is heading to China and the 2012 Kentucky Derby winner is heading to Japan.
Pfizer sued over generic Lipitor delay; Seagate sees shares slip on weak revenue; speculation mounts over Yahoo CEO short list.
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.
An international response is needed to the issue of the manipulation of the Libor to ensure that cartel behavior is not possible, Sharon Bowles, Liberal Democrat MEP for South East England and chair of the European Parliament's Economic and Monetary Affairs Committee, told CNBC on Friday.
Under-regulated and over-powerful banks weaken the global economy and lead to higher inequality, Nobel prize-winning economist Joseph Stiglitz told CNBC.
Several global recruitment firms have told CNBC they’ve seen a significant increase recently in the number of European bankers wanting to relocate to Singapore.
Nike misses earnings; RIM posts a larger than expected loss; Ford says it's feeling the effects of the European economy and Coty nears IPO.
Apple to invest $1 billion in Reno, Nevada; President Obama picks up support in swing states; SEC and Phil Falcone set for showdown and Saba’s Weinstein exits JPMorgan bets.
The Dow drops again to start the week; Lennar to in talks to talk $1.7 billion in loans from China; Facebook COO to join the board; Microsoft buys Yammer and Moody’s downgrades 28 Spanish Banks.
This month will likely be the first June for at least 20 years in which there were no European stock market flotations valued above $100 million, according to research from Dealogic.
Moody’s downgrades banks; Blackrock fund manager leaves; Twitter suffers an outage; AIG docks a chief for an inter-office relationship.
Fed extends operation twist; Bed Bath Beyond & Red Hat drop after hours; Jeff Bezos $42 million clock; an ice cream shortage; Coke to distribute protein shake; Apple store employees and Queen Elizabeth get raises.
Adobe beats earnings but shares fall; Jamie Dimon takes to Capitol Hill again but little new is learned; Wall Street waits to see what the Fed will do tomorrow; Steve Wynn’s former wife sues to sell her shares.
Microsoft unveils a tablet it hopes can rival the iPad; Oracle announces earnings early; a key exec departs JC Penny and Carl Icahn gets an ally on the Chesapeake board.