Midday Report: Wall St. Sinks as Economic Issues Develop

United States markets moved sharply reduce on Thursday, mirroring steep marketplace declines around the globe as issues about global financial weakness intensified. Financial stocks had been amongst the most significant decliners as investors worried that interest rates would stay low.…

Is there a acquiring chance for banks?

Battered and bruised banks are sending Europe’s markets into meltdown. Nonetheless in spite of the turmoil, analysts think there are some pockets of worth.

“In time there will be (a getting chance for banks), I can not say it’s going

CBA posts 4% jump in H1 profit, flat dividend

Commonwealth Bank of Australia, the country’s best mortgage lender, on Wednesday posted a 4 percent gain in initial-half cash profit, in line with expectations, even though revenues slipped and loan impairment expenditures improved.

Money profit for the six months ended

Future in flux as top fund leaders feud

Bridgewater founder Ray Dalio’s handpicked heir is to step back from his current role as co-chief executive, after disagreements at the top of the world’s biggest hedge fund.

Greg Jensen, who is also the fund’s co-chief investment officer, is to

Credit Suisse C.E.O. Asks for a Cut in His Bonus

LONDON — Tidjane Thiam, the chief executive of Credit Suisse, has asked the company’s board to lessen his bonus, days following the Swiss bank reported a multibillion-dollar loss in the fourth quarter.

“I have asked the board of directors for …

Fed to raise, but a recession is unlikely: Econ

Fears of recession and the uncertainty of the Fed raising interest rates, amid new U.S. employment information, drove stocks reduce on Friday.

The unemployment rate came in at four.9 % down from 5. percent, whilst wages rose .five percent. The