Deutsche Bank Retreats as New CEO Extols 'Immediate Action'
Deutsche Bank, beaten down by lagging performance, will retreat from trading and lending businesses while asking investors for faith that its new chief executive can succeed where others have failed.
View ArticleFinal Greek Bailout Talks Kick Off
A final round of diplomacy meant to smooth Greeceâs exit from eight years of bailouts has started, as eurozone finance ministers push to ensure Athens doesnât backslide on promised reforms.
View ArticleJPMorgan Returns to Indonesia's Good Graces
Indonesia is reappointing JPMorgan Chase as a primary dealer of government bonds almost a year and a half after the U.S. bank was kicked out of the business over a negative research report.
View ArticleInvestors Cool a Bit on Big Hong Kong IPO
Tech stocksâ global struggles and U.S.-China trade tensions may have cooled enthusiasm for what some said could have been one of Hong Kongâs hottest-ever IPOs, of Ping An Insuranceâs health-care...
View ArticleChina Cracks Open Door for Foreign Fund Managers
Beijing will give foreign money managers greater access to raise funds from domestic investors as part of an awaited relaxation in securities rules that analysts say is likely to benefit larger...
View ArticleAustralian Bank to Stop Basing Adviser Bonuses on Sales
As a judicial investigation of Australiaâs financial industry proceeds, one of the countryâs biggest banks, ANZ, has scrapped sales-based bonuses for its financial planners and vowed to drop...
View ArticleBlackRock to Sell Stake in Indian Joint Venture to DSP
BlackRock, the worldâs largest money manager, said Monday it has agreed to sell its stake in its Indian joint venture to its partner DSP Group.
View ArticleSamsung Securities Seeks Charges Against Some Employees Over 'Fat Finger'...
Samsung Securities said it intends to file a criminal lawsuit against employees who sold shares the company mistakenly issued last month during a âfat fingerâ incident, citing âmoral hazardâ...
View ArticleTrump Adds Volatility to Emerging-Market Currencies
Emerging market currencies were volatile as President Donald Trumpâs decision to pull out of the Iran nuclear deal added to the woes of markets already pressured by the rising dollar.
View ArticleSeeking IMF Aid Brings Argentina Relief---And Political Challenges
Argentine President Mauricio Macriâs decision to turn to the International Monetary Fund has likely bought the country time to stabilize a financial crisis. But the move comes with a large political...
View ArticleIn a Dollarized World, Rising Dollar Spells Pain
The latest emerging market tumult exposes a critical fault line in the global economy: the dollarâs dominance.
View ArticleRBS in $4.9 Billion U.S. Settlement Over Mortgage-Backed Securities
RBS has agreed to pay $4.9 billion to settle with the U.S. Department of Justice over the sale of toxic mortgage-backed securities in the lead-up to the global financial crisis, clearing the path for...
View ArticleAsian Stocks Near 2-Month High as Malaysia's Markets Topsy-Turvy
Malaysian markets re-opened after new Prime Minister Mahathir Mohamadâs stunning upset in the countryâs elections, renewing volatility in its stocks, bonds and currency. U.S. President Donald...
View ArticleDollar Rises Against Latin American Currencies
The Argentine peso hit fresh lows against the dollar Monday, as concerns grew over $30 billion in local debt set to mature this week.
View ArticleLies, Damn Lies and Inflation
In the U.S. and Europe, the central banks have been taking radically different monetary approaches even though the two regions have had similar inflation, job creation and inflation targets. One reason...
View ArticleMalaysia Markets Shrug Off Brief Postelection Dip
Only a brief selloff was seen in Malaysian markets Monday, not the slump many feared last week, as domestic investors had their first chance to react since Wednesdayâs stunning election victory for...
View ArticleMore Than 200 China-Listed Stocks to Join MSCI's Indexes
Global index provider MSCI has released a list of more than 200 Chinese stocks that it will include in its key indexes from next month, capping a year-long process that is likely to attract billions of...
View ArticleArgentina Rolls Over Debt, Giving Government Shot of Confidence
Argentinaâs central bank rolled over billions of dollars in short-term debt, providing President Mauricio Macriâs government with a shot of confidence after weeks of economic volatility.
View ArticleU.S. Sanctions Iran's Central Bank Governor, Alleges Hezbollah Ties
The U.S. imposed sanctions on the governor of Iranâs central bank and another senior bank official, accusing them of funneling millions of dollars to Hezbollah.
View ArticleThe Euro's Headache: Growth, Not Italian Politics
World Finance NewsItaly is back in the headlines and the euro is falling, giving up all its gains and more against the dollar this year. But while the formation of an antiestablishment government in...
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