Positives outweigh negative risks for U.S. banks' earnings: Dick Bove
Veteran banking analyst Richard Bove of Odeon Capital says there are no signs of bank margins declining in the fourth quarter, but cites a few "oddball" scenarios for 2021.
Biden taps FTC’s Chopra as CFPB chief, Gensler as SEC chairman
The nominees, strongly backed by progressive Democrats to lead two key Wall Street watchdogs, signal that the Biden administration is planning tough oversight after four years of light-touch policies under appointees of President Donald Trump.
Treasury minister downplays need for immediate tax rises
Rapid economic recovery from Covid recession could help ministers avoid increasing taxes, says Jesse Norman
A Treasury minister has downplayed the need for immediate tax rises to tackle record levels of government borrowing caused by the coronavirus pandemic.
Jesse Norman said a rapid economic recovery from the worst recession for more than three centuries could help ministers avoid increasing the tax take in response to record borrowing levels.
Kirk named publisher of Crain’s city publications
Jim Kirk, the publisher and executive editor of Crain’s Chicago Business, has been named group publisher for its papers in New York, Cleveland, Detroit, and Chicago . Kirk writes, “I’m assuming the position held...
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Ariel's John Rogers likes this stock as a way to ride the hot IPO trend
"Lazard is probably our favorite right now," said Ariel Investments' John Rogers.
Incoming Citi CEO Fraser signals major changes ahead
Weeks away from succeeding Michael Corbat, Jane Fraser said she’d consider streamlining some units or divesting others as part of her effort to kick-start return on equity.
Next consortium in pole position to buy Philip Green's Topshop empire
Arcadia, which employed 13,000 staff in 500 outlets when it collapsed, up for auction
A consortium that includes high street giant Next is thought to be in pole position to buy Sir Philip Green’s Topshop empire out of administration.
Arcadia, which employed 13,000 people across 500 outlets at the time of last year’s collapse, is being auctioned, with Monday being the deadline for final bids.
Begley, STAT senior writer, dies at 64
Sharon Begley is the senior science writer at STAT, died Saturday from cancer. She was 64. Previously she was the senior health & science correspondent at Reuters from 2012 to 2015, the science editor...
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Jim Cramer reacts to first batch of bank earnings ahead of Goldman Sachs, Wells Fargo reports
Wait three days, they buy JPMorgan, the best of breed, or Wells Fargo, the turnaround play, "Mad Money" host Jim Cramer recommended.
Capital One fined $290M for ‘willful’ anti-money-laundering failures
The McLean, Va.-based company admitted that it failed to file suspicious activity reports even in cases when it knew about criminal charges against specific customers. The misconduct took place in a unit that served check-cashing businesses and was later shut down.