Are Energy Companies Leading Shareholders Astray On Future Fossil Fuel Demand?
Companies like Exxon Mobil have begun acknowledging the risks of climate change. But a new report shows future demand estimates might miss the mark.
Valeant Pharmaceuticals Intl Inc (VRX) Stock Tumbles 40%, Shares Halted After Analyst Report Trumpets 'Enron Part Deux'
The stock price of Canadian drugmaker Valeant Pharmaceuticals dropped sharply Wednesday, triggering a trading halt, after a report questioned its data and practices.
US Regulator Floats High-Frequency Trading Rules: 'Flash Boys' Could Face New Round Of Regulations
A top market regulator outlined potential regulations that he said could limit the risks posed by high-frequency trading.
Hedge Fund Assets Drop In Q3, More Than Any Period Since 2008
Elite money managers took a hit in the summer, with overall assets under hedge fund management falling nearly $100 billion globally.
Crédit Agricole Penalized $787 Million Over Iran, Sudan Sanctions Violations
The French bank will pay $787 million to settle charges that it did business with Sudan, Iran and other sanctioned regimes between 2003 and 2008.
Financial Crisis Fallout: Lawsuit Seeks $2.4 Billion From Citigroup Over Bailout-Era Tax Liabilities
An Indiana professor's lawsuit claims the bank owes New York State $2.4 billion over bailout-era tax irregularities.
Prominent Chicago Trading Firm Charged With 'Spoofing'
3Red, a prominent proprietary trading firm, and its owner have been charged with engaging in disruptive trading practices.
Federal Reserve Rate Hike: Odds Of A 2015 Liftoff Diminish
One Federal Reserve official said this week he did not "expect that it would be appropriate" to raise interest rates in 2015. He's got company.
Big Banks Run Aground On Trading Revenue During Volatile Third Quarter, But Many Eke Out Earnings Gains
Goldman Sachs, JPMorgan and other major lenders reported dampened revenues after a quarter marked by global market volatility.
Bernie Sanders And Hillary Clinton Tout Wall Street Reform, But Who's Toughest On Big Banks?
The Democratic presidential rivals put the financial industry in the crosshairs. But their agendas reveal clear philosophical differences.
More Than Half Of All Mega-Mergers Disappoint Investors. Why Are They Booming?
This year is on track to see record dealmaking activity. But with half of transactions historically falling short, what should shareholders watch out for?
Wells Fargo & Co (WFC) Agrees To Acquire GE Capital Commercial Lending Unit
The bank will acquire General Electric's $30 billion middle-market commercial lending unit, a significant chunk of GE's remaining finance business.
Top 1 Percent Owns Half Of All Global Wealth, Per Credit Suisse Report
Global inequality continued to rise in 2015, driven largely by growth in financial assets, according to the annual Credit Suisse Global Wealth Report.
Nobel Prize Winner Angus Deaton's Controversial Stance On Foreign Aid
Angus Deaton, who was awarded the Nobel Memorial Prize in Economic Sciences Monday, has said that foreign assistance "does more harm than good."
Peace Rally Bombings In Ankara, Turkey, Aggravate Political Conflicts
A terror attack that left at least 95 dead, occurring less than three weeks before decisive snap elections, threw hopes of peace into doubt.
Republican Speaker Turmoil Approaches Boiling Point On Sunday Talk Shows
Sunday talk shows are scheduled to host at least eight GOP congressmen to speak out on the contentious battle for speaker of the House.
Former Benghazi Committee Investigator Calls Panel 'Partisan' In Focus On Hillary Clinton
A former employee of the Republican-led panel says its members now almost exclusively target former Secretary of State Hillary Clinton.
California Expands Voter Registration Access To Millions
Jerry Brown, governor of the nation's most populous state, signed a law Saturday that automatically registers to vote anyone who visits the DMV.
Berlin Demonstrations Draw At Least 150,000 In Opposition To Transatlantic Free Trade Deal
Trade unions, environmental organizations and consumer-rights groups all demonstrated against the Transatlantic Trade and Investment Partnership.
Apple Disables News App In China, The World's Largest iPhone Market
The iPhone maker reportedly disabled its recently introduced News app in China, where online censorship forces hard choices for U.S. companies.
What's Wrong With European Banks? Deutsche Bank, Credit Suisse Continue On Bumpy Road
News hit investors Thursday that Credit Suisse was seeking extra risk-absorbing capital, a day after Deutsche Bank announced massive writedowns.
Top Wall Street Banks Stash Billions Of Dollars In Nearly 400 Offshore Tax Havens
Six of the top financial institutions in the U.S. together used nearly 400 recognized tax havens in 2014. Their offshore cash totaled $126 billion.
Trans-Pacific Partnership Trade Deal: US Banks Get Victories In TPP Agreement
The Trans-Pacific Partnership, negotiated by U.S. Trade Representative Michael Froman, could be a boon for the financial services industry, which vigorously lobbied for it.
It's Official: Credit Scores Can Predict Relationship Success
New research argues couples with healthy credit scores have higher odds of staying together longer.
Capital Flows To Emerging Markets To Turn Negative For First Time Since 1980s
For the first time since 1988, more investment money is leaving emerging markets than is coming into them.
Controversial Pension Advance Industry Flourishes With Little Federal, State Scrutiny
For years, consumer advocates have raised alarms over the pension advance industry and its sky-high effective interest rates.
Millennials And Their Money: Portrait Of A Generation
The generation that grew up online, and entered the job market after the financial crisis, has had to adjust to a new economic reality.
UK Central Bank Chief Warns Over Climate Change's 'Potentially Huge' Hit To Investors
The Bank of England's Mark Carney warned that the consequences for financial markets of averting climate change could be "huge."
Elizabeth Warren Pushes Brookings Institution Economist To Resign Over Conflict Of Interest
A Brookings economist who criticized a proposed federal "conflict of interest" rule resigned after Elizabeth Warren questioned his own alleged conflicts of interest.
Chinese Consumer Sentiment Highest In Over A Year, Despite Economic Slowdown, Market Troubles
An index of Chinese consumer sentiment gave its highest reading since May 2014, even as concerns mount worldwide over China's slowing economy.