Bank of America’s push to turn around investment bank is bearing fruit
FILE PHOTO: A Bank Of America sign is pictured in the Manhattan borough of New York August 21, 2014. REUTERS/Carlo Allegri (Reuters) – Bank of America Corp (BAC.N) said on…
Lloyds and Barclays hit by $4 billion insurance mis-selling claims
LONDON (Reuters) – Lloyds (LLOY.L) and Barclays (BARC.L) on Monday said a surge in late claims could see them pay out around $2 billion more each to settle Britain’s costliest…
Argentina curbs banks’ access to pesos amid growing market turmoil
BUENOS AIRES (Reuters) – Argentina’s battered bonds and currency were driven still lower on Friday amid downgrades by three credit rating agencies and a new measure the central bank said…
BNP Paribas plans bid for Deutsche Bank’s equity derivatives
NEW YORK (Reuters) – French lender BNP Paribas (BNPP.PA) plans to bid for Deutsche Bank’s (DBKGn.DE) equity derivatives book and is hopeful it can beat off rival bidders to secure…
Three U.S. bond kings wield same strategy, get same result: lag their peers
NEW YORK (Reuters) – Three names dominate the U.S. world of bond investing – Jeffrey Gundlach, Dan Ivascyn and Scott Minerd. But funds run by these star investors are lagging…
Exclusive: Third Point builds stake in Ray-Ban maker EssilorLuxottica – sources
(Reuters) – Third Point LLC, the U.S. hedge fund that has pushed for changes at companies ranging from Nestle SA (NESN.S) to Campbell Soup Co (CPB.N), has amassed a stake…
SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ
Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, November 5, 2018. REUTERS/Kim Kyung-Hoon (Reuters) – Japan’s SoftBank Group Corp (9984.T) is planning to…
DoubleLine CEO Jeffrey Gundlach warns Fed rate cuts will not stop U.S. recession
(Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, warned on Wednesday that rate cuts by the U.S. Federal Reserve were not going to stop a recession from happening and…
India’s Coffee Day to sell Bengaluru tech park to Blackstone, cut debt
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April…
AMS plans rival takeover bid for Germany’s Osram
FILE PHOTO: CEO of lamp manufacturer Osram Olaf Berlien poses during the opening of the company ‘World of light’ showroom in Munich, Germany, October 24, 2017. REUTERS/Michaela Rehle/File Photo VIENNA…