Emerging Market Shakeout Putting Forex Reserves Into Focus
Foreign-exchange reserves are emerging as the latest battleground between traders and developing nations trying to stem the worst rout in their currencies since 2008.
Companies Squeeze 401(k)s From Facebook to JPMorgan
Employers are holding back on both the amount and the timing of 401(k) matching funds and dragging out vesting schedules.
Biggest Muni Bond ETF’s Premium Grows as Fund Exodus Abates
After the worst year since 2008 for municipal debt, the shift to a premium for muni ETFs points to a potential return to earnings
Citigroup Earnings Miss as Bond Trading Slump Slows Recovery
Net income at Citigroup more than doubled to $2.69 billion from $1.2 billion a year earlier.
Goldman Reports Highest Profits in 3 Years
Underwriting revenue at Goldman Sachs surged to a record, and the firm’s reliance on trading fell to the lowest level in more than a decade.
New Hire Roundup: Craig Gordon Leaves RBC Wealth
In addition, Hamilton Insurance named Sandy Weill chairman.
Gap Between Two Koreas Widens With Trade Leader Purge, Brokerage Plans
North Korea executes key trade negotiator as South Korea aims for "Korean Goldman Sachs"
Independent Scotland Would Seek to Keep Pound; London Says No
A vote for independence from the U.K. in Scotland scheduled for September could pave the way for a new currency.
Bernanke’s Bond Buy Cut Back Slices Into Mexico Market
As one of the hottest emerging market economies of the past few years, Mexico has been doing well—but the second largest economy in Latin America could be in for some hard times in months to come, thanks to its neighbor to the north.
National Financial Partners Acquired by Madison Dearborn
The private equity investment firm Madison Dearborn will pay $1.3 billion for NFP's stock, representing a 26% premium for NFP's shareholders.