Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
This July 16, 2013, file photo, shows a Wall Street street sign outside the New York Stock Exchange. Major U.S. stock indexes edged mostly higher in early trading Wednesday, Oct. 19, 2016, as investors sized up the latest company earnings and new data showing residential construction slowed in the previous month.
Goldman Sachs CEO Lloyd Blankfein said he is not part of a secret group attacking America as Donald Trump claimed. He was asked by CNBC's David Faber on Wednesday what he thought of the Republican presidential candidates comments during a rally last week that " Hillary Clinton meets in secret with international banks to plot the destruction of US sovereignty in order to enrich these global financial powers, her special interest friends and her donors."
Sen. Elizabeth Warren, D-Mass., and Sen. Bob Menendez, D-N.J., penned a letter to the Wells Fargo & Co. board of directors expressing concerns over the retirement compensation for former Chairman and CEO John Stumpf and the promotion of Timothy Sloan as the new CEO.
Facing scrutiny over possibly not paying federal income tax for almost two decades, Donald Trump turned the tables on Hillary Clinton during the heated second presidential debate. The New York Times obtained a few pages of Trump's 1995 personal tax returns , revealing a $916 million loss that would have allowed him to legally avoid paying taxes for 18 years.
Deutsche Bank AG, Germany's biggest bank, is exploring shrinking its U.S. operations as mounting legal expenses threaten to eat into the firm's capital, according to two people with knowledge of the matter. Such an option is being considered as part of the bank's broader strategy review, which evaluates businesses in the context of regulatory and capital requirements, said the people, who asked not to be identified because the talks are private.
A joint fundraising account for Clinton and Democratic Party groups saw 317 who gave at least $100,000 between July and September, while a joint fundraising account for Trump and Republican Party groups counted 158 over those same three months. Both presidential candidates use "victory" funds to enable generous donors to far exceed the $2,700 per-donor, per-election limit.
There's a new source of income for Donald Trump's corporate portfolio: the joint fundraising account for his campaign and Republican Party. Federal Election Commission reports filed Saturday show the Trump Victory Committee paid Trump's TAG Air Inc. $511,306 over the past three months.
El Paso County Commissioner Darryl Glenn will have the campaign cash necessary to make a push to unseat Democrat Michael Bennet in the U.S. Senate the final month of his campaign. In the campaign finance reports due to the Federal Election Commission Saturday, Glenn's campaign said he would report collecting nearly $2.8 million over the past three months, with $1.9 million left to spend before the Nov. 8 election.
Wells Fargo's earnings slipped in the third quarter, the bank said Friday, as the banking giant started dealing with the aftermath of a sales practices scandal that has consumed it in recent weeks. Wells said it earned $5.6 billion, or $1.03 per share, compared with $5.8 billion, or $1.05 per share, in the same period a year earlier.
It's been a tumultuous two weeks for the pound, and all indications are that traders will have to get used to the volatility. The U.K. currency is getting harder to trade, and to predict, because the nation's exit from the European Union has changed the rules of engagement.
Sheila Bair, former FDIC chair, comments on John Stumpf stepping down as chief executive officer and chairman of Wells Fargo. She speaks during an interview with Bloomberg's Vonnie Quinn and David Gura on "Bloomberg Markets."
"In the course of doing the research for this book over the last eight years, I just started keeping track of where people went to school," Soltes told Corporate Crime Reporter in an interview last week. "It was out of my own personal curiosity.
Wells Fargo's embattled CEO John Stumpf is stepping down as the nation's second-largest bank is roiled by a scandal over its sales practices. The San Francisco bank said Stumpf is retiring effective immediately and also relinquishing his title as chairman.
The incredible moment a quick-thinking hotel manager saves a dog as its leash becomes trapped in an elevator going up BREAKING NEWS - 'His hands where everywhere... he was like an octopus': THREE women come forward to claim Donald Trump 'touched them inappropriately' Teenage 'Fuhrer' of neo-Nazi Facebook page where high school students talked about 'hanging Jews on trees' commits suicide 'to show allegiance to the group' EXCLUSIVE: Derrick Rose refuses to hand over details of his NBA contract and $185 million Adidas deal to the woman suing him for rape UNLESS he is found liable for alleged sexual assault Wells Fargo CEO John Stumpf retires effective immediately in wake of scandal over bank's sales practices and will receive NO severance Why diet soda is NOT better than regular soda: Low-calorie drinks 'just as likely to cause obesity and heart disease by manipulating your brain' ... (more)
Stumpf will forfeit $41 million in stock awards and won't receive any severance pay, but his departure has done little to quell lawmakers' anger with America's second-largest bank. In this Thursday, Sept.
NEW YORK, Oct 12 Investors turned away from risk in the stock market, snatching the most cash from U.S.-based equity funds in five months during the latest week, Investment Company Institute data showed on Wednesday. The withdrawals came as investors tried to stomach fears over Brexit, the stability of Deutsche Bank AG and the timing of the next U.S. interest rate hike.
Speaking on a panel at the Institute of International Finance in Washington D.C. on Saturday, Citigroup Inc. Chief Executive Officer Mike Corbat appeared to propose that a hybrid of monetary and fiscal stimulus could be used to buoy U.S. economic activity - a suggestion that bears a striking resemblance to a policy outlined by leader of the U.K. opposition. "The probably more effective mode of QE going forward is going to be some type of infrastructure projects, here in the U.S.," Corbat said in his remarks.
WASHINGTON – Behind closed doors, Hillary Clinton adopted a rather more accommodating tone with Wall Street than she has on the campaign trail. In private paid speeches to financial firms and interest groups before she declared her candidacy, the Democratic presidential nominee comes off as a knowing insider, willing to cut backroom deals, embrace open trade and grant Wall Street a central role in crafting financial regulations, according to excerpts obtained last week through hacked campaign emails provided to WikiLeaks.
Deutsche Bank AG is among European lenders that must raise additional funds to shore up finances and restore confidence in the industry and the Continent's economy, said Jim McCaughan, the head of Principal Global Investors. "They absolutely need to raise more capital and they're not the only European bank who does," McCaughan said Friday in an interview on Bloomberg Television.
Transcripts of Hillary Clinton's private speeches appeared to be included in a trove of thousands of emails released by Wikileaks on Friday. The transcripts, which appear to have been gleaned from speeches given to some Wall Street firms, reveal Clinton's remarks on a number of topics that, at times, appear to be both pro-markets and pro-consumer.