How a massive options trade by a JP Morgan fund can move markets
By Saqib Iqbal Ahmed (Reuters) -A nearly $15 billion JP Morgan fund is expected to reset its options positions on…
Economy
Wells Fargo to pay $97 million for sanctions compliance failures
By Hannah Lang (Reuters) -Wells Fargo & Co will pay fines of about $97.8 million for inadequate oversight of its…
Shorting global banks fetches $14.3 billion in paper profit in March – S3 Partners
(Reuters) – Short sellers made $14.3 billion in paper profit from their bearish bets on global banking stocks in March, according…
BlackRock calls on clients to rethink hedging strategy after UK pension crisis
By Tommy Wilkes LONDON (Reuters) – BlackRock’s liability-driven investment business is urging some smaller UK pension fund clients to stop…
How to talk to your aging parents about safe driving
By Chris Taylor NEW YORK (Reuters) – Patti Black remembers it like it was yesterday: The conversation no adult child…
Bank of America’s financial planning app draws $55 billion over two-plus years
By Lananh Nguyen and Nupur Anand NEW YORK (Reuters) – Bank of America Corp’s digital personal finance tool, Life Plan,…
Cryptoverse: Buoyant bitcoin’s losing its liquidity
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bullish bitcoin has been a surprise winner of the banking blowout….
Don’t hold your breath – banking crises last years: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -The most extraordinary outcome of the March banking shock would be if the problem…
Bank of America to redeploy wealth management, banking employees – source
(Reuters) – Bank of America Corp is redeploying employees in wealth management and lending to other roles within the company,…
Explainer-Why markets are in uproar over a risky bank bond known as AT1
LONDON (Reuters) – Financial markets have been thrown a fresh curve ball by the decision to write down 16 billion…