By John O’Donnell and Brenna Hughes Neghaiwi FRANKFURT/ZURICH (Reuters) – The Credit Suisse (S:) spying debacle risks tipping the bank into a crisis that could engulf its top executives. Switzerland’s market supervisor is scrutinizing Credit Suisse’s oversight of chief executive Tidjane Thiam and his top lieutenants as part of aRead More →
© Reuters. FILE PHOTO: Wells Fargo CEO Stumpf testifies before Senate Banking Committee hearing on firm’s sales practices on Capitol Hill in Washington By Karen Freifeld and Chris Prentice WASHINGTON (Reuters) – Wells Fargo & Co’s (N:) regulator on Thursday announced it had brought civil charges against eight former executives,Read More →
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador promised in a speech on Saturday to dramatically expand state-run electricity company CFE’s power generation business if private power companies do not boost their investments in the sector. Lopez Obrador, a leftist who has long-favored more robust state control overRead More →
She’s the darling of the far left … and of Bernie Sanders. Rep. Alexandria Ocasio-Cortez, D-N.Y., has a “very, very important role” waiting for her in the White House should fellow Democratic Socialist Bernie Sanders win his party’s nomination and then defeat President Donald Trump in 2020, the Vermont senatorRead More →
Deep sleep may be critical for your heart — but it may also help clear the brain of toxins that play a role in Alzheimher’s disease. Sleep is essential for both cognition and maintenance of healthy brain function, and slow waves in neural activity contribute to memory consolidation, a studyRead More →
2/2 © Reuters. The Goldman Sachs company logo is seen in the company’s space on the floor of the NYSE in New York 2/2 By Joshua Franklin and Julie Zhu NEW YORK/HONG KONG (Reuters) – Goldman Sachs Group Inc (NYSE:) said on Tuesday it was reviewing its involvement in MegviiRead More →
Good as gold? When it comes to havens, the U.S. dollar might be better. That’s what some analysts said as the dollar rallied versus major rivals over the past week, appearing to benefit from a desire for safe assets despite the fact that jitters are homegrown in the form ofRead More →
Bloomberg Pedestrians walk past the New York Federal Reserve Bank building in lower Manhattan. Pressure in money markets that has led the Federal Reserve to step in to provide short-term liquidity may be the result of financial troubles in the so-called shadow banking system, said Joseph LaVorgna, chief economist forRead More →
© Reuters. FILE PHOTO: Neumann, CEO of WeWork, speaks to guests during the TechCrunch Disrupt event in Manhattan, in New York City By Joshua Franklin and Greg Roumeliotis NEW YORK (Reuters) – WeWork co-founder Adam Neumann has started talks with board directors and investors to discuss his future role, includingRead More →
Actress Felicity Huffman, who was sentenced to 14 days in jail on Friday for her role in the college-admissions scandal, wrote an impassioned 1,400-word letter to the judge overseeing her case before her sentence. The letter was designed to provide some context to her decision and, presumably, invoke some compassionRead More →
© Reuters. FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter By Joshua Franklin and Hadeel Al Sayegh (Reuters) – JPMorgan Chase & Co (N:) is close to winning the lead advisory role for Saudi Aramco’s initial publicRead More →
If at first you don’t succeed, just create your own central bank. Stephen Moore failed in his bid to join the Federal Reserve board, but the controversial conservative economic adviser will reportedly soon be playing a key role at a new “central bank” for cryptocurrencies. Fox Business reported late MondayRead More →
© Reuters. Cuba’s President Miguel Diaz-Canel shakes hands with Venezuela’s President Nicolas Maduro during the 16th Bolivarian Alliance for the Peoples of Our America-Peoples Trade Agreement Summit in Havana By Zachary Fagenson, Matt Spetalnick and Lesley Wroughton MIAMI/WASHINGTON (Reuters) – The Trump administration on Wednesday imposed new sanctions and otherRead More →
