• Central banks must arm up for next market upheaval, BoE’s Hauser says

    Central banks must arm up for next market upheaval, BoE’s Hauser says0

    LONDON (Reuters) – Financial markets are likely to be hit more often by the kind of upheaval unleashed by the COVID-19 pandemic, and central banks need new tools to deal with powerful investment firms at the heart of the turmoil, a Bank of England official said. FILE PHOTO: A general view shows the Bank of

    READ MORE
  • Fiat Chrysler draws down on 6.25 billion euro credit facility

    Fiat Chrysler draws down on 6.25 billion euro credit facility0

    FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo (Reuters) – Fiat Chrysler Automobiles N.V. FCAU.NFCHA.MI said on Tuesday it had drawn down on a 6.25 billion euro ($6.79 billion) credit line to buffer its cash reserves during the uncertainty

    READ MORE
  • Fed’s credit operation launched, but job already done

    Fed’s credit operation launched, but job already done0

    NEW YORK (Reuters) – The Federal Reserve’s pledged support for exchange-traded funds may not end up costing the central bank much, but will still have the desired effect of keeping the credit market afloat. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis As part

    READ MORE
  • Credit rating ‘fallen angel’ danger at record high: S&P Global

    Credit rating ‘fallen angel’ danger at record high: S&P Global0

    LONDON (Reuters) – The number of companies or countries at risk of seeing their credit ratings cut to junk from investment grade has been pushed to a record high of 111 by the coronavirus pandemic, S&P Global analysis shows. The number of “fallen angels” has already reached 24 this year, impacting over $300 billion in

    READ MORE
  • Wells Fargo cuts more jobs as part of earlier cost-cutting drive

    Wells Fargo cuts more jobs as part of earlier cost-cutting drive0

    • JOBS
    • January 24, 2021

    FILE PHOTO: Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020. REUTERS/Jeenah Moon (Reuters) – Wells Fargo & Co WFC.N has started to cut jobs at its commercial banking unit as part of larger reductions that will impact nearly all of its functions and business lines, a company spokeswoman said

    READ MORE
  • A Look at Bank of America’s Recent Quarter

    A Look at Bank of America’s Recent Quarter0

    In this episode of MarketFoolery, host Chris Hill is joined by Motley Fool senior advisor Jason Moser to discuss why Bank of America (NYSE:BAC) wrapped up the fiscal year with a mixed quarter. Also, Lumentum (NASDAQ:LITE) makes a $5.7 billion bid for rival laser company Coherent (NASDAQ:COHR). Jason Moser analyzes those stories, plus they discuss

    READ MORE

Notice: Undefined property: WPBakeryShortCode_Vc_Tab::$predefined_atts in /home/lingszok/public_html/wp-content/themes/pressroom/vc_templates/vc_tab.php on line 3

Warning: Invalid argument supplied for foreach() in /home/lingszok/public_html/wp-includes/shortcodes.php on line 574

Notice: Undefined property: WPBakeryShortCode_Vc_Tab::$predefined_atts in /home/lingszok/public_html/wp-content/themes/pressroom/vc_templates/vc_tab.php on line 3

Warning: Invalid argument supplied for foreach() in /home/lingszok/public_html/wp-includes/shortcodes.php on line 574

Latest Posts

Top Authors