SoftBank's $3B WeWork financing talks stall with Japan banks
The stall is complicating a $9.5 billion rescue package.
Second Credit Suisse spying probe expected to clear CEO
A Swiss newspaper reported that the bank's former head of human resources was followed by private detectives in February.
Congress can keep bad actors out of the financial system
Let’s ring in the New Year by making it harder for the world’s bad actors to access the global financial system.
Goldman Sachs in talks to admit guilt, pay $2B fine in 1MDB scandal
Goldman Sachs Group Inc. is in talks with the U.S. government to pay a multibillion-dollar fine, admit guilt and agree to ongoing oversight of its compliance procedures in order to resolve a criminal investigation into its role in a Malaysian corruption scandal.
JPMorgan expanding in China after key approval
China is a critical market for JPMorgan.
Wall Street holiday parties drop booze for bootcamps, smoothies
“I’m sore, just in a different way,” joked a happy BTIG employee the morning after donning Lululemon fitness gear to compete with colleagues. “My head doesn’t hurt; my body hurts.”
Big banks to pay $337M in Fannie Mae, Freddie Mac bond-rigging case
Barclays (BARC.L), which underwrote the most Fannie Mae and Freddie Mac bonds, will pay $87 million.
Angels, Anthony Rendon reach $245M, 7-year deal
He'll join three-time MVPs Mike Trout and Albert Pujols on the Angel's.
Wall Street, Fed prep to avoid year end disruption in repo markets
Preparing for another potential cash crunch at year end.
Best credit cards named for 2020
The Capital One Venture Rewards Credit Card won three awards.
Real estate company shares $10M bonus with employees
The bonus announcement was easily the highlight of the company's Dec. 7 holiday party.
Yanks land ace Cole on record $324M, 9-year deal
Cole was the biggest prize of the free agent market.
Rolex worn by Marlon Brando fetches big money at auction
The entire Game Changers auction fetched $20.2 million in a White Glove Sale.
UBS must defend against U.S. lawsuit over severe investor losses
The Department of Justice sufficiently alleged that from 2005 to 2007, UBS intended to defraud or acted recklessly toward investors.
SunTrust changes name after BB&T merger, but Atlanta Braves stadium won't change name
Officials of both companies said in a statement on Monday that Truist is now the nation’s sixth-largest bank serving about 10 million customers.
Ackman's Pershing Square takes stake in Agilent Technologies
The Agilent stake was is valued at $246 million.
Morgan Stanley layoffs coming
Annual layoffs on Wall Street may be starting.
Wall Street compensation and bonus pay taking a beating
The bonus payment pool is shrinking according to a new report.
SunTrust, BB&T $66B deal creates Truist, CEO talks future
BB&T, SunTrust finalize merger, creating a new banking powerhouse.
Korean War vet denied VA benefits for 50 years, granted 5 years after his death
His widow finally received his check for retroactive benefits and her own survivor benefits.