Banks
Here are Wall Street’s top global stocks to play rising stagflation risks
Goldman Sachs’ analysts have named a number of “stagflation winners” they think will outperform. Source
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Buy these ‘safe haven’ global tech stocks as risk-appetite returns, Morgan Stanley says
Morgan Stanley names its top “safe haven” and growth stocks to own as market risk-appetite returns. Source
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Goldman Sachs is buying corporate retirement plan robo-advisor NextCapital
A sign is displayed in the reception area of Goldman Sachs in Sydney, Australia. David Gray | Reuters Goldman Sachs has agreed to acquire NextCapital, a Chicago-based fintech firm that provides automated advice to corporate retirement plan participants. The bank said Tuesday in a release that the deal, the terms of which were not disclosed, […]
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Credit Suisse faces $500 million plus bill after ex-Georgian PM wins court case
A Credit Suisse logo in the window of a Credit Suisse Group AG bank branch in Zurich, Switzerland, on Thursday, April 8, 2021. Stefan Wermuth | Bloomberg | Getty Images A Bermuda court on Tuesday ruled former Georgian Prime Minister Bidzina Ivanishvili and his family are due damages “substantially in excess of $500 million” from […]
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MLB reaches a $125 million sponsorship deal with Capital One
Fernando Tatis Jr. #23 of the San Diego Padres runs past third base in the 8th inning against the Los Angeles Dodgers on April 18, 2021 at Petco Park in San Diego, California. Matt Thomas | San Diego Padres | Getty Images Major League Baseball has a new banking partner: Capital One. Under the deal, […]
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Britain will reveal crypto regulation plans in coming weeks, sources say
Britain’s Chancellor of the Exchequer Rishi Sunak leaves the 11 Downing Street, in London, on March 23, 2022. Daniel Leal | AFP | Getty Images LONDON — The U.K. government will soon reveal plans to regulate the cryptocurrency market, focusing on a fast-growing type of token known as stablecoins, according to four industry sources familiar […]
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Boris Johnson says Putin has crossed red line ‘into barbarism’ as UK slaps on more sanctions
British Prime Minister Boris Johnson disembarks from his plane, as he arrives to take part in a NATO summit to discuss Russia’s invasion of Ukraine, on March 24, 2022 in Brussels, Belgium. Pool | Getty Images News | Getty Images LONDON — British Prime Minister Boris Johnson said Thursday that Russian President Vladimir Putin has […]
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Wall Street bonuses climb to record $257,500 per worker last year, New York’s fiscal chief says
People walk along Wall Street in the financial district of Manhattan on September 29, 2021 in New York City. Spencer Platt | Getty Images The average bonus paid to securities industry employees in New York climbed 20% to a record $257,500 for last year, according to state comptroller Thomas DiNapoli. The projection, released Wednesday in […]
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Tencent ‘exploring’ a financial holding company for WeChat Pay if Chinese regulators require it
An image of WeChat Pay in action. Zhang Peng | LightRocket | Getty Images Chinese tech giant Tencent is exploring whether regulators will require it to create a financial holding company to house is fintech business, a top executive said on Wednesday. The comments come after Bloomberg reported last week that Chinese authorities are considering […]
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Watch UK Finance Minister Rishi Sunak’s budget announcement
[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] U.K. Finance Minister Rishi Sunak is announcing a new government budget in his Spring Statement. A planned 10% increase to National Insurance (a tax on earnings) kicks in for many workers […]
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