Credit Suisse hit with S&P ratings cut on Archego ties
Ties to Archegos has put Credit Suisse Group AG in the crosshairs with a key ratings agency raising the warning flag.
Big banks win dismissal of US Treasury rigging litigation
A U.S. judge on Wednesday dismissed litigation accusing 10 large banks of conspiring to suppress competition in the now $21.2 trillion market for U.S. Treasury securities.
Robinhood cans the confetti after critics label it as baiting
Critics urge Robinhood to change celebratory app features, after saying the app treats stock trading as a game for inexperienced investors.
Wells Fargo: No Archegos losses
The $10 billion hedge fund, run by Bill Hwang, was forced to liquidate positions last week, causing extreme swings in a number of stocks, including Discovery and ViacomCBS, according to reports.
JPMorgan, Salesforce join growing list of firms dumping office space
Remote work is hurting the commercial real estate industry in major cities, including New York and San Francisco, as more firms look to ditch their office spaces permanently.
Goldman, Morgan Stanley limit losses with fast sale of Archegos Assets
Goldman Sachs Group Inc. and Morgan Stanley were quick to move large blocks of assets before other large banks that traded with Archegos Capital Management, as the scale of the hedge fund’s losses became apparent, according to people with knowledge of the transactions.
Credit Suisse warns on “highly significant” loss tied to hedge fund
Archegos Capital Management may be linked to possible losses for global banks.
Deutsche Bank can sue Madoff feeder funds over $1.6B claims sale
Deutsche Bank had accused the funds of having "sellers' remorse" for agreeing to sell the claims at 66 cents on the dollar in 2011, only to see their value later rise substantially
Fed to lift bank restrictions on dividends, buybacks by June
The Fed signals U.S. banks can revisit dividends, buybacks.
5 pandemic-driven financial habits worth keeping
Financial habits that resulted from the pandemic and are worth holding on to for those who want to achieve long-term financial success and stability.
Goldman Sachs CEO hit with cultural revolution, overworked millennials and Chick-fil-A debates
The Chick-a-fil-A drama, others at Goldman tell FOX Business, is part of a broader cultural revolution at the prestigious white shoe investment bank.
BlackRock to launch internal investigation after latest round of executive conduct complaints
BlackRock hires law firm for internal review after latest executive conduct complaints
Morgan Stanley's PAC resumed donations weeks after Capitol riot pause
Morgan Stanley's political action committee (PAC) resumed donations to lawmakers in February, weeks after it had announced a pause following the Capitol riots, according to a federal filing.
Justice Department investigating Visa over debit-card practices
The Justice Department is investigating whether Visa Inc. is engaging in anticompetitive practices in the debit-card market, according to people familiar with the matter.
Fed tells banks relaxed COVID capital rules ending
The Federal Reserve tells banks capital requirement rules eased during COVID-19 will end.
Chubb offers $23B for The Hartford
The Hartford is being chased by Chubb for a potential takeover.
Goldman CEO Solomon softens on returning workers to offices
On Wednesday top Goldman Sachs partners met with consultants about plotting a return to the office and how it might include new technology, like Zoom, which allows people more freedom to work remotely as well as in the office.
Americans cut credit card debt by nearly $83B during pandemic
Though 2020 was a year most people would like to forget, many Americans managed to significantly cut credit card debt.
Hedge funds hit hard by stocks like GameStop, AMC bounced back in February
Some of the hedge funds hardest hit by January’s populist short squeeze have already begun recovering from the pain inflicted by retail traders looking to topple Wall Street, The Post has learned.
Dow 32,000 and the stocks powering the run
Goldman Sachs and Caterpillar are leading the Dow to a new record.


















