Deutsche Bank to set up 50 billion euro bad bank in revamp
The bad bank would house or sell assets valued at up to 50 billion euros ($56 billion)- after adjusting for risk - and comprising mainly long-dated derivatives.
Financials
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Harvard offers $12K class for wealthy millennials to learn to invest for good
The program targets young people who are coming into family wealth.
How millennials can cut the financial cord from their parents
Millennials will likely face eight key money milestones in their road to financial independence.
BNP Paribas USA CEO recounts helicopter crash at bank's NYC headquarters
BNP Paribas USA CEO Jean-Yves Fillion was sitting on the 33rd floor when the helicopter crashed just 21 floors above.
A Fed rate cut could wreck bank earnings - here's why
Traders are increasingly forecasting at least one Fed rate cut this year.
Intel's battle over retirement funds headed to Supreme Court
The plaintiff argued the company made investment decisions that cost beneficiaries hundreds of millions of dollars.
Wall Street week ahead: Top US bond managers betting bond market still has room to run
Bonds yields fall as security prices rise, leaving investors with capital appreciation gains.
Biden, Buttigieg, Gabbard hit Wall Street for money despite class warfare rhetoric
Financiers field donation requests as 2020 primary contest heats up.
Google to buy cloud company Looker for $2.6 billion
This marks the first major transaction of new CEO Thomas Kurian, a former Oracle executive.
UBS, Goldman warn market could be overstating odds of Fed rate cut
In his speech on Tuesday, Powell stressed that policymakers would respond if inflation remains persistently low.
Wells Fargo pledges $1B for affordable housing
Wells Fargo announced Wednesday it was pledging $1 billion through 2025 dedicated to the affordable housing initiatives as part of the embattled lender’s goal to dedicate 2 percent of its after-tax profits to philanthropy.
Under fire from opponents, FCC poised to advance robocall proposal
Critics say legitimate calls could be blocked under the proposal.
Uber’s taxes under IRS review
The tax agency is looking at Uber’s 2013 and 2014 taxes, while charges dating back to 2010 across some foreign jurisdictions are subject to change.
US companies paid $91B less in taxes under Trump’s new law
According to the data, companies paid close to $262.7 billion in taxes in 2018, the first year the full tax law was in effect.
What Trump's new China, Mexico tariffs mean for your portfolio
Investors making bets on an investment outcome of new tariffs are now taking it on two fronts.
China trade tensions could spell trouble for US bank earnings
Trading volumes are down, as U.S. Treasury notes hit a 20-month low.
Elon Musk seeks record quarter, nudges Tesla workers to 'catch up' on deliveries
The Tesla CEO is optimistic vehicle deliveries will exceed 90,700.
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