UBS Stumbles as Switzerland's Largest Bank Rows Back Its Targets
UBS shares fell 5% after the bank missed its 2019 financial goals and lowered its targets to reflect tough market conditions.
Bank of Canada to Leave Key Interest Rate Unchanged This Week: Survey
Canadian policy makers are signaling no immediate intent to ease their interest-rate stance despite broad-based weakness in the fourth quarter.
The French Banks Rivaling JPMorgan and Citigroup
France has more to offer investors than striking workers. Its banks have produced shareholder returns to rival those of JPMorgan Chase and Citigroup, and there is no reason why the trend can't continue.
Cash, Plastic or Hand? Amazon Envisions Paying With a Wave
The tech giant is creating checkout terminals that could be placed in stores and allow shoppers to link their card information to their hands.
China Leaves Benchmark Lending Rates Unchanged for Second Month
China's benchmark lending rates for short- and long-term loans were left unchanged in January for the second straight month, after the central bank held a medium-term lending facility rate steady earlier this month.
Global Banks Rush Back Into Repo Markets
Increased dependence on short-term market funding comes as growth among the main shadow-banking funding sources has slowed.
Morgan Stanley Cuts CEO James Gorman's Bonus
Morgan Stanley paid its chief executive, James Gorman, $27 million for his work in 2019, a pay cut for a year when the bank's revenue hit a record but its shares lagged behind those of rivals.
Morgan Stanley's Stock Hasn't Kept Pace With Record Profits
Morgan Stanley reported record revenue and profit for 2019 and the stock Thursday had it biggest gain in three years. But for some long-term shareholders, that isn't enough.
Lawmakers Call for Investigation of Fintech Firm Yodlee's Data Selling
Yodlee might be selling consumers' personal financial data without proper consent, three lawmakers said in a letter to the Federal Trade Commission.
Fed's Harker: Data Will Determine Course of Interest Rate Policy
The Philadelphia Fed's president says the U.S. economy is in good shape right now, adding that how the economic data come in will drive what central bank officials do with interest-rate policy.