Regulators Prepare to Reprimand Citigroup for Failing to Improve Risk Systems
The expected rebuke from the Office of the Comptroller of the Currency and the Federal Reserve accelerated planning for Chief Executive Michael Corbat's retirement.
NY Fed Survey Finds Consumers Less Pessimistic in August
The economy's uneven recovery amid the coronavirus pandemic is helping lift consumer moods from weak levels, as inflation expectations tick higher.
Fed Names Trevor Reeve as New Monetary Affairs Chief
The Federal Reserve named Trevor Reeve, a senior adviser to Chairman Jerome Powell, to the powerful role of director of its monetary affairs division on Monday.
'Real' Bond Yields Help Explain Market Moves
Negative inflation-adjusted government bond yields encourage investors to keep taking risks, even after the recent tech-led selloff in stocks.
The London Stock Exchange seeks to ignite initial public offerings of so-called blank-check companies, which are surging in the U.S.
SoftBank's Masayoshi Son Has Cash Burning a Hole in His Pocket
Over the past six months, technology investor SoftBank has signed more than $90 billion in deals. Now the big question is: What will it do with all that money?
Euronext Submits Borsa Italiana Bid
Euronext has submitted a non-binding offer to buy Borsa Italiana from the London Stock Exchange and said the combination would create a leading player in continental European capital markets, with Italy the largest revenue contributor to the enlarged group.
Hannover Profit Outlook Still Uncertain
Hannover Re forecast large loss expenditure to remain at the expected level for the third quarter but said it still couldn't issue reliable profit guidance for the year.
China Serves Up Pig-Backed Loans for Its Hogtied Farmers
China is so desperate to rebuild pig herds after swine fever that its banks are experimenting with loans to farmers backed by a novel asset: their hogs.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services