Financials

Hedge funds lost money for their investors last year but the industry's top-paid managers had a banner year, with five men earning more than $1 billion each in 2015, an industry survey released on Tuesday showed.

REIT ETFs have the right stuff to earn nice returns.

Online lending platform operator Lending Club said its Chief Executive and Chairman Renaud Laplanche has resigned following an internal review, which revealed a violation of the company's business practices.

Seven of the world's biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market.

Prospects for higher dividends at HSBC dimmed on Tuesday after Europe's biggest bank reported a 14 percent drop in quarterly profit and flat capital reserves.

MasterCard, operator of the world's second-largest payments network, reported a slightly better-than-expected quarterly profit as customers spent more using its cards.

Barclays reported a worse than expected 33 percent slump in pretax profits for the first three months of the year, as the lender followed its U.S. peers in reporting falling investment banking revenues in a weak global market environment.

Investment bank Perella Weinberg Partners is in merger discussions with Tudor, Pickering, Holt & Co. in a deal that would reflect the dire conditions on Wall Street particularly among medium-sized banks, and the potential for new restructuring business arising from the shakeout in the U.S. energy industry, the FOX Business Network has learned.

The developing markets have been falling behind developed stocks for the past few years, but as once outperforming plays grow long in the tooth, investors are taking a second look at the more cheaply valued emerging market exchange traded funds.

Image source: iStock/Thinkstock.

American Express reported a rise in quarterly revenue for the first time in five quarters, helped by higher spending by card members in the United States, its biggest market.

A U.S. appeals court on Wednesday upheld the convictions of five former employees of Bernard Madoff's firm who prosecutors said helped their boss conceal his multibillion-dollar Ponzi scheme for years.

Privately held outdoors retailer Bass Pro Shops has partnered with Goldman Sachs Group Inc's private equity arm to make an offer for U.S. hunting and fishing store chain Cabela's Inc, people familiar with the matter said.

Goldman Sachs' profit slumped for the fourth straight quarter as market volatility hit the company's bond trading and investment banking businesses.

Consumers are getting cocky when it comes to taking on debt, creating a new wall of worry for economic experts.

Kyle Bass, the famed hedge fund manager, who successfully called the subprime crisis in 2008 before it nearly destroyed the U.S. financial system, is climbing a new wall of worry; Asia’s impact on the U.S.

Morgan Stanley reported a 1Q profit of $0.55 per share, topping the estimate for $0.46. Revenue for the bank came in at $7.8 billion, just short of the estimate for $7.86 billion

Image source: Visa.

American Express is moving forward with job cuts and restructuring plans.

Citigroup reported 1Q profit of $1.10 per share on an adjusted basis, topping the estimate for $1.03. Revenue came in at $17.6 billion The estimate was for $17.47 billion.