Credit Suisse to Shrink Investment Bank, Focus on Wealthy
Regulatory issues continue to plague some of the bank's operations, CEO Thiam says.
Barclays CEO Change Seen Prompting Deeper Investment Bank Review
Chairman John McFarlane, taking over as interim CEO, has pledged to reallocate capital and prioritize investment in the bank's most profitable units.
Gay Marriage Ruling Puts Some Health Benefits at Risk
The landmark U.S. Supreme Court decision being cheered as a step toward equality is also poised to carry unintended consequences.
Barclays U.S. Wealth May Fetch $250 Million, Credit Suisse Says
Stifel Financial is reportedly in a deal to acquire the firm's roughly 250 financial advisors.
UBS Is Having Its Best Day in Years
Profit doubled last quarter for the Swiss bank, and wealth-management Americas' earnings rose close to 5%.
Algorithms Will Make JPMorgan Less Bad
JPMorgan is using algorithms "to identify rogue employees" to minimize costs and maximize ROE (and bonuses). That happens to coincide with regulatory goals.
HSBC List Shows Putin Allies, Drug Lords Used Swiss Secrecy
The private-banking unit of HSBC profited for years handling secret accounts whose holders included drug cartels, arms dealers and fugitives, says a report released Sunday.
U.S. Bond Sentiment Worst Since Disastrous ’09
Experts say 10-year yields could top 3% in 2015, twice the level forecast for 2014.
Qatar’s New Diversification Fund Attracts Investors
If ever there were an example of investing internationally to reap the benefits of diversification, perhaps Qatar’s new venture is a shining example.
SEC Split on Including Brokerages in Trading Safeguards
Rules meant to prevent automated trading system breakdowns should be expanded to include brokerages that match orders away from regulated exchanges, two SEC members say.