There is a political war brewing in Washington over Trump's apparent desire to 'punish' Beijing
Tue, 20 Mar 2018 19:20 GMT
The largest US business association says a trade war with China would be "devastating" for American families. The South China Morning Post reports.
Goldman Sachs and the CIA£ Gary Cohn was reportedly almost named top spymaster
Tue, 20 Mar 2018 13:36 GMT
Former National Economic Council Director Gary Cohn was almost named the head of the CIA, according to Politico.
Trade war threat is now Wall Street's top economic fear, survey says
Tue, 20 Mar 2018 11:02 GMT
Protectionism worries in the CNBC Fed Survey far outpace concerns over inflation, terrorism and even the Fed itself.
Expect higher interest rates and smaller gain for stocks in 2018: CNBC survey
Tue, 20 Mar 2018 11:02 GMT
The S&P is now seen ending the year at 2,839, about 5 percent higher than the current level.
Latvia vows to crack down on banking amid money-laundering allegations
Mon, 19 Mar 2018 21:54 GMT
Latvia has agreed to dramatically cut bank deposits from foreigners – often from Russia and other ex-Soviet states – amid allegations of money laundering, the FT reports.
Signs that the economy's potential has strengthened might mean rates rising higher than earlier thought
Mon, 19 Mar 2018 10:33 GMT
Could Fed Chair Jay Powell's optimism about the U.S. economy lead to more hikes than markets are prepared for£
US defense contractor CACI attempts to break up General Dynamics' acquisition of CSRA
Mon, 19 Mar 2018 10:19 GMT
U.S. defense contractor CACI said it had offered to merge with larger peer CSRA, seeking to disrupt the latter's $6.8 billion acquisition by General Dynamics.
Singapore fines Standard Chartered $4 million over money laundering breaches
Mon, 19 Mar 2018 08:42 GMT
Standard Chartered said in a statement that it regretted falling short of its own standards.
Credit Suisse CEO says bank will be 'very profitable' after it puts 'undesirable' trades behind it
Mon, 19 Mar 2018 06:55 GMT
There's no way to clean up the past without generating losses, Credit Suisse group chief executive officer Tidjane Thiam said.
It is 'hard to understand' why investors are suing Credit Suisse, its CEO says
Mon, 19 Mar 2018 04:54 GMT
Tidjane Thiam says it's "hard to understand" why investors are suing the bank over a complex financial product.
Icahn, with 6 percent of Newell Brands shares, hasn't decided which side he's on
Fri, 16 Mar 2018 20:47 GMT
Other activists are trying to oust the board of Rubbermaid's parent, but Carl Icahn says he hasn't decided which side to support.
Steve Eisman, who called the 'Big Short' during last financial crisis, says he's sleeping easy now
Fri, 16 Mar 2018 19:55 GMT
Neuberger Berman portfolio manager Steve Eisman's top pick is Citigroup.
Bank mergers will 'absolutely' accelerate thanks to regulation rewrite, predicts analyst Mike Mayo
Fri, 16 Mar 2018 19:53 GMT
Expect some smaller banks to get bigger now that changes are in the works for Dodd-Frank regulations, Wells Fargo's Mike Mayo says.
Wells Fargo wealth management employees questioned by federal agents: WSJ
Fri, 16 Mar 2018 16:22 GMT
The government expands its investigation of the bank's sales practices from retail to wealth management.
Cramer on 2008 crisis: It could happen again 'because no one went to jail the first time'
Fri, 16 Mar 2018 15:25 GMT
"They didn't rob a 7-Eleven, where they would go to jail. They robbed us," CNBC's Jim Cramer says.
10 years ago a Wall Street firm with $400 billion in assets collapsed. Why Bear Stearns could happen again
Fri, 16 Mar 2018 12:35 GMT
William Cohan believes two important lessons remained decidedly unlearned on Wall Street.
The big winners in initial coin offerings are lawyers, Ripple CEO says
Fri, 16 Mar 2018 05:41 GMT
Ripple CEO Brad Garlinghouse said the "winners" in initial coin offerings will come from the legal community.
Get ready to hear a lot more from Fed Chairman Jerome Powell than his predecessors
Thu, 15 Mar 2018 18:55 GMT
There's a growing anticipation that Fed Chairman Jerome Powell will holding news conferences after every meeting.
Bank regulation rewrite clears Senate but stumble could come in the House
Thu, 15 Mar 2018 15:13 GMT
The bill has the support of moderate Democrats, but some members of the House have said it doesn't go far enough and have threatened to tie up a vote by trying to add more provisions.
Citi launches a Facebook Messenger 'chatbot'
Thu, 15 Mar 2018 06:00 GMT
The chatbot on Facebook Messenger is available to Citi's consumer banking clients in Singapore beginning Thursday.
WeChat joins list of Chinese technology banned by overseas militaries on security worries
Thu, 15 Mar 2018 00:57 GMT
Australia has instructed its armed forces personnel not to use the popular messaging and payment app, SCMP reported.
Despite woes, Wells Fargo gives CEO Sloan $4.6 million raise
Wed, 14 Mar 2018 22:20 GMT
While the bank is facing several investigations into its business, Sloan made $17.6 million in 2017.
A decade after its fire-sale deal for Bear, a look at what JP Morgan got in the bargain
Wed, 14 Mar 2018 19:23 GMT
Wall Street was a very different world in March 2008, when the government asked J. P. Morgan to rescue Bear Stearns
Former Equifax executive charged with insider trading for dumping nearly $1 million in stock ahead of data breach
Wed, 14 Mar 2018 14:21 GMT
A former Equifax executive faces insider trading charges for moves made before the company's massive data breach.
Noble Group signs binding agreement for financial restructuring
Wed, 14 Mar 2018 04:07 GMT
Noble Group has announced that it has signed a binding restructuring support agreement with creditors.
Japan's regional banks are struggling, but analysts like other parts of the sector
Wed, 14 Mar 2018 02:44 GMT
Japan's declining population means regional banks face an uphill task in turning themselves around.
Don't believe the hype: Wall Street is still a 'white man's world'
Tue, 13 Mar 2018 17:17 GMT
Is Wall Street really changing it's white male dominated ways£ Not so fast, says William D. Cohan.
Japan will urge G20 to step up on preventing cryptocurrencies for money laundering
Tue, 13 Mar 2018 04:48 GMT
Japan will urge its G20 counterparts at a meeting next week to beef up efforts to prevent cryptocurrencies from being used for money laundering.
Banks have to be nimble like tech firms, says the CEO of Southeast Asia's largest bank
Tue, 13 Mar 2018 04:10 GMT
Banks have to embrace technology and be like startups, amid growing competition, DBS CEO Piyush Gupta said.
China plans new ministries and merger of regulators in massive government revamp
Tue, 13 Mar 2018 00:29 GMT
China said it will merge its banking and insurance regulators, in a long-awaited move to streamline and tighten oversight of the financial system in the world's second-biggest economy.
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