Merrill Lynch Bars Trading of Bitcoin Fund, Futures
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Merrill Lynch has blocked clients and financial advisers who trade on their behalf from buying bitcoin, citing concerns over the cryptocurrency's investment suitability.
Ex-Och-Ziff Deal Maker Faces Charges in Alleged African Bribery Scheme
, once a highflying deal maker at hedge-fund giant Och-Ziff Capital Management Group LLC, is facing criminal charges in connection with an alleged scheme that yielded one of the largest foreign bribery settlements in U.S. history.
Fed Minutes Show Debate Over Pace of Rate Rises, Yield-Curve Signals
Minutes of the Fed's December meeting showed officials are largely committed to gradually raising interest rates in the years ahead, but coming tax cuts and low inflation made the pace of those rate increases uncertain.
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Fidelity Moves Brian Hogan Out of Equity Division
The president of Fidelity Investments' equity division is moving to a new role within the fund giant's personal investing business later this quarter, leaving a post he has held since 2009.
As 'Mifid' Regulations Roll Out, Bond Volumes Fall
Trading in some bonds fell sharply in Europe as banks implemented the massive set of new finance regulations known as Mifid II.
Why Alibaba's Jack Ma Can't Seem to Win Over the U.S.
Ant Financial's failed bid to acquire Dallas-based MoneyGram was the latest in a string of setbacks for the Chinese billionaire, whose companies have long sought to establish beachheads in America.
The Cashless Society Has Arrived-Only It's in China
Mobile payments have surged to some $9 trillion a year, way ahead of the U.S., changing how people shop, borrow-and even panhandle. The growth foretells a future where tech firms like Alibaba and Tencent drive innovation in finance.
HNA Group Delays Loan Repayments to Employees
HNA Group Co. has fallen behind in repaying loans it obtained from employees and individual investors on an internet-lending platform, a sign it is having difficulty meeting some debt obligations.
Fed Minutes to Shed Light on Officials' Outlook for 2018
The Federal Reserve on Wednesday will offer more details on policy makers' outlook for 2018 when it releases the minutes of its Dec. 12-13 meeting.
Never Mind the Defaults, Venezuela Has Made Many Bondholders Rich
Venezuela's bonds have lost about three-quarters of their value, reflecting a dozen missed payments by the government and the state-owned oil company. But a number of bond investors have made their money back and more.
(END) Dow Jones Newswires
January 04, 2018 00:15 ET (05:15 GMT)