Category: Capital and risk

January 14, 2019

Citigroup posted fourth-quarter revenue that missed analysts’ estimates by a half-billion dollars as bond trading declined amid a difficult December for markets. The bank said fixed-income revenue dropped 21 percent to $1.94 billion from a year earlier as trading conditions […]

January 14, 2019

America’s days as the world’s most powerful economy are numbered, and when that torch is finally passed, it’ll be tough to get back, according to a recent report. In our call of the day, Standard Chartered predicts China’s GDP will […]

January 11, 2019

Federal workers furloughed by the ongoing partial government shutdown have been bearing the brunt of the political standoff between President Donald Trump and Congress over funding for a border wall. Those federal employees are feeling the squeeze on their wallets. […]

January 10, 2019

The number of Americans filing applications for jobless benefits fell more than expected last week, pointing to a strengthening labor market that could further ease concerns about the economy’s health. Initial claims for state unemployment benefits fell 17,000 to a […]

January 9, 2019

As President Donald Trump jawbones the Federal Reserve, the likelihood that he’s going get what he wants this year from the central bank continues to grow. Markets expect the Fed to hold off on rate hikes and are even anticipating […]

January 8, 2019

Japan’s Seven Bank will equip its ATMs with face recognition capabilities to let users open bank accounts on the spot. According to Japan Today and sources close to the matter, the tech could be coming in the autumn. Although the […]

January 7, 2019

QVC refinanced its senior secured credit facility, replacing its $2.65 billion bank credit facility with a new amended and restated multi-currency revolving credit facility which provides a line of credit of up to $3.65 billion. According to the related 8-K […]

January 4, 2019

Last year’s robust jobs growth in the U.S. continued apace in December, even amid signs that the economy was slowing as President Donald Trump’s trade war with China takes a toll on both countries and the stimulus fades from the […]

January 4, 2019

Treasury yields extended their surge on early Friday after the jobs report suggested the labor market remains healthy despite the growing pessimism over the economy’s fortunes, heightening the likelihood the Federal Reserve will raise rates in 2019. Investors will also […]

January 3, 2019

One of Wall Street’s biggest bears is warning the economy is on a collision course with a recession. Gluskin Sheff’s David Rosenberg has little doubt growth will turn negative in 2019 as the stock market flounders. “We’re going into a […]