Credit Suisse Again Lays Spy Blame on Former Operating Chief
Credit Suisse confirmed a second episode of bank-mandated spying on senior executives this year, deepening scrutiny of the Swiss bank's surveillance practices and decision-making by top management.
Fed Confronts Lack of Diversity in Its Ranks
The economics profession embarked this year on a soul-searching appraisal of perceived hostility to women and minorities in its ranks, and the Federal Reserve-the nation's largest employer of Ph.D. economists-wants to get ahead of the curve.
PayPal Continues to Scout for Potential Takeover Targets
PayPal will continue to pursue potential takeover targets in 2020 amid robust deal activity in the payments sector. "There's a lot of opportunities to acquire companies inorganically," Chief Financial Officer John Rainey said.
Banks Get Tough on Shale Loans as Fracking Forecasts Flop
Some of the banks that helped fuel the fracking boom are beginning to question the industry's fundamentals as many shale wells produce less than companies forecast.
Do Negative Rates Work? Yes, but Not by Much
Federal Reserve policy makers opposed to taking interest rates negative in the next recession might take comfort from the end of Sweden's dalliance with below-zero rates. But investors shouldn't expect the eurozone to follow suit.
Nasdaq Prevails in Lawsuit Over Stolen ETF
Nasdaq Inc. prevailed in its lawsuit against ETF Managers Group, a former business partner it accused of stealing more than $1 billion in exchange-traded funds, including a popular cybersecurity ETF.
With Brexit Looming, U.K. Picks Veteran as Central Bank Chief
The British government named Andrew Bailey as the next governor of the Bank of England, an appointment seen as a cautious choice for a role that will be critical in guiding the economy as the U.K. leaves the European Union.
Adams Street Closes on $740 Million for Partnership Fund
The final tally for the Chicago-based firm's latest fund of funds caps off a busy fundraising year that brought in more than $2.5 billion
BBVA to Take U.S. Goodwill Hit
BBVA said it will need to take a potential negative goodwill adjustment of about $1.5 billion at its U.S. unit, but added the figure won't effect the group's net equity, capital or liquidity.
Fed Adds $26.7 Billion in Liquidity to Markets
The New York Fed added $26.7 billion in temporary liquidity to financial markets via a three-day repurchase agreement, with eligible banks tapping far less than what the central bank was willing to provide.