What Makes This Tech Wreck Different: Banks Are Also Getting Hit

The dynamic was on display in Monday's markets, when Facebook Inc. dragged tech shares lower following reports of a data breach and increased speculation of a regulatory response. Meanwhile, banks were also down as the Treasury curve flattened and strategists at UBS AG and Morgan Stanley
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Jailed opposition presidential candidate Jean-Marie Michel Mokoko refused to appear in court for the first time since he was detained almost two years ago. Mokoko, who turned 71 on Monday, didn't show up at the High Court in the capital, Brazzaville, because as a former chief of staff of the army he's
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The selloff came after investors poured cash into technology shares last week at a rate not seen since the height of the dot-com bubble. Investors last week pumped $3.3 billion into the PowerShares QQQ Trust Series 1, the biggest exchange-traded fund tracking the Nasdaq 100 index, on speculation the
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The U.S. economy is in the “twilight of the mid cycle” and investors should brace for the possibility it's edging toward a recession, JPMorgan Chase & Co. warned last week, even as its strategists remained largely bullish on risk. HSBC Holdings Inc. also sounded a note of caution. “Markets have entered a
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President Donald Trump banned U.S. purchases of a cryptocurrency the Venezuelan government is rolling out, as part of a campaign to pressure the government of President Nicolas Maduro. Trump issued an order on Monday prohibiting U.S. citizens from engaging in transactions using the oil-backed
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Robinhood valued at $5B. MarketInvoice hits 2B GBP lending milestone. PeerIQ looks at CLUB 2018-NP1. More SMEs to apply for finance. The third age of credit.
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Blackstone Mortgage Trust (NYSE: BXMT) and Dynex Capital (NYSE:DX) are both finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their valuation, analyst recommendations, dividends, earnings, profitability, risk and institutional ownership.
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“The less sophisticated investor thinks a mortgage is a good, safe investment, so you just go ahead and do it,” he said. “You aren't required to have a third party appraisal of the property — you can right away see how you could manipulate this if you had an appraisal from a related company or entity that
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In August 2016, 28-year-old Sayed Asadullah Poya and his wife Jamila from Afghanistan had a newborn baby to name. Sayed had just read Donald Trump's book, Trump: How to Get Rich, and when he saw that his baby had blonde hair, the name Donald Trump sounded like a real good choice.
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Issuing GDP-linked bonds is akin to buying insurance against economic distress. The crises that erupted in countries like Ireland and Greece a decade ago would not have been so severe had their debt been GDP-linked. And the same is true today: investors around the world will continue to accept the
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A report in The Washington Post said two firms – Children's Investment Fund Foundation, a charity of the British billionaire Christopher Hohn and Axon Partners, an equity firm run by former Goldman Sachs executive Dinakar Singh – invested nearly $300 million in the Indian real estate development
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LaCivita, who resides in Canfield, used funds deposited into a trust account to invest in art, for his own personal use and for operational expenses of his company Associated Land Title Agency, according to court documents. He also wrote checks to himself or his company to conceal the misuse of the
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Yep, there's still plenty of long hours, hard work and heavy travel. But global investment banks in Asia that want to retain and promote women have been offering more incentives for them to return to work and stay in senior jobs — and bumping up the numbers of women in their management ranks as a
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Challenger bank Aldermore will use the “firepower” gained from its £1.1bn takeover by South African giant FirstRand to push into UK business banking. Phillip Monks, chief executive at Aldermore, told The Telegraph the lender had launched a strategic review of how the company could “leverage”
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With the heightened talk about rising interest rates, many prospective homebuyers are understandably concerned about whether now is the right time to purchase a home.
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The company said it expects the deal to net $135 million in operational cost savings and to generate a 15 percent or higher boost to pro forma 2017 adjusted net earnings per share. Texas-based Stewart provides residential and commercial title insurance as well as other real estate service offerings.
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Industry heavyweight Fidelity National Financial has signed an agreement to buy rival Stewart Information Services Corp. for $1.2 billion in cash and stock, the company said Monday. Pending … If approved, Fidelity will emerge as the nation's largest title company several times over. Before the merger, it
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“We see tremendous potential in working with the Stewart management team to invest in and grow the Stewart brand on a national basis as part of our long-time, successful strategy of operating multiple title insurance brands under the FNF umbrella,” Fidelity National Financial Chairman William Foley
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In this episode of Lykken on Lending, David interviews Scott Gordon, owner of Open Mortgage, and they discuss the “Reverse Renaissance” and why it's making a.
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