Jane Fraser to Succeed Michael Corbat as Citi CEO
Jane Fraser will become the first woman to run a major Wall Street bank, succeeding Michael Corbat as Citigroup chief executive when he retires in February.
Lagarde's Optimism on Europe's Economy Triggers Euro Rally
ECB President Christine Lagarde sounded an optimistic tone on the eurozone's stuttering economic recovery and the strength of the euro, sparking a rally in the currency, as the bank left its policy mix unchanged.
Fed Debates How to Implement New Policy Strategy
Federal Reserve officials forged an agreement last month on a new framework governing how they will conduct policy over the long run. In preparing for a September meeting, they are debating how exactly to implement this strategy for an economy recovering from a downturn.
Successful With Chinese Startups, Sequoia China Launches a Hedge Fund
Venture capitalist Neil Shen's Sequoia Capital China is setting up a hedge-fund business to leverage its record of choosing winners in Chinese technology.
Reliance Industries' Market Capitalization Crosses $200 Billion
Reliance Industries has become the first Indian company to see its market capitalization cross $200 billion, joining the ranks of big multinationals like Coca Cola and Netflix.
Home-Selling Startup Orchard Overcomes Odds to Secure $69 Million
The latest funding round valued Orchard at more than $300 million post-money, according to a person familiar with the situation.
Cross-Border M&A Remains Tricky for Europe's Banks
A wave of consolidation in the European banking sector could be kicking off, but transnational deals still face considerable hurdles.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
South Korea Raises $1.45 Billion via Bonds
The South Korean government raised $1.45 billion by selling U.S. dollar- and euro-denominated bonds, the Ministry of Economy and Finance said.
Hurricane Laura Spared Reinsurers From the Worst, but Storm Season Isn't Over Yet
Reinsurance stocks have held up against the battering winds of Hurricane Laura, but might not fare as well if another big storm threatens. This storm season comes in a different context, with Covid-19 playing out in the background.
