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  1. For first time in 226 years, a woman runs the New York Stock ExchangeThu, 24 May 2018 03:28:53 GMT
    Thirty-one years ago, there wasn't even a women's bathroom on the seventh floor of the New York Stock Exchange, the site of the NYSE's members-only lunch club. But on Tuesday, the exchange said it will be led by a woman for the first time in its 226-year history. More...
  2. Congress May Have Just Set in Motion a Huge Banking Industry Merger WaveWed, 23 May 2018 18:04:00 GMT
    Investors may want to back up the truck on their favorite regional bank stocks in light of the government's new legislation. It could be time to cash out on some Amazon.com Inc. and plow the winnings into several regional and community bank stocks. More...
  3. CIBC reports second-quarter net income up nearly 25 per cent from year agoWed, 23 May 2018 13:14:05 GMT
    The Canadian Imperial Bank of Commerce reported better-than-expected earnings for its second quarter with a nearly 25 per cent increase in net income, year over year, due to strong results at home and south of the border helped by its U.S. acquisitions last year. The lender, the first of the large Canadian banks to report its latest results, said Wednesday it earned a profit attributable to common shareholders of $1.29 billion or $2.89 per diluted share for the quarter ended April 30, up from $1.04 billion or $2.59 per diluted share a year ago. More...
  4. UK criminal court dismisses Barclays' fraud chargesWed, 23 May 2018 08:18:07 GMT
    The Serious Fraud Office [official website], a British anticorruption government organization, charged [press release] Barclays [corporate website] and four of its former executives in June 2017 [JURIST report] with conspiracy to commit fraud and violation of the Companies Act of 1985 by providing unlawful financial assistance. The Crown Court Dismissed charges against Barclays for two offenses of conspiring with certain former senior officers and employees of Barclays to commit fraud by false representations, and charges of unlawful financial assistance. More...
  5. Millennials born in 1980s may never recover from the Great RecessionWed, 23 May 2018 03:34:43 GMT
    The net worth of a typical family headed by someone born in the 1980s was 34% below what was expected, according to a new Federal Reserve Bank of St. Louis study titled "A Lost Generation?" What's worse, the typical 1980s family lost ground between 2010 and 2016, after the recession ended. These folks, who were in their late 20s and early to mid 30s in 2016, were the only age group to do so out of the six cohorts studied. More...
  6. Wells Fargo to Boost Auto Lending as Real Estate Sparks ConcernTue, 22 May 2018 22:49:30 GMT
    Wells Fargo & Co. Chief Executive Officer Tim Sloan said the firm is ready to increase lending for car sales after pulling back last year, and it's now looking with consternation at the commercial real estate market. More...
  7. UPDATE 2-Deutsche Bank chairman Achleitner to feel investor ireTue, 22 May 2018 18:00:54 GMT
    FILE PHOTO: The headquarters of the Deutsche Bank is pictured in Frankfurt, Germany, March 19, 2018. REUTERS/Ralph Orlowski/File Photo Chairman Paul Achleitner and newly appointed chief executive Christian Sewing are expected to provide further details of the loss-making bank's refocused strategy at the gathering of up to 4,500 shareholders in Frankfurt on Thursday. More...
  8. UPDATE 2-State Bank of India posts deepest-ever quarterly loss, expects bad loans to dropTue, 22 May 2018 13:02:51 GMT
    State Bank of India reported its deepest-ever quarterly loss on Tuesday, far beyond analyst estimates, due to higher provisions for bad loans, but said it expects a key bad loan metric to fall sharply in two years. Investors responded to the forecast by pushing up the shares of India's biggest lender by as much as 6.2 percent, outpacing a 3 percent gain in the Nifty PSU Bank index. More...
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