Latest News on private equities market

Bank of America to pay $7.23 million after overcharging mutual fund customers: FINRA

Bank of America to pay $7.23 million after overcharging mutual fund customers: FINRA

Bank of America Corp agreed to pay $7.23 million in restitution and interest to settle a U.S. regulator's accusations that it overcharged customers on mutual funds.



6 years ago
Tesla's Elon Musk calls for breakup of Amazon in tweet

Tesla's Elon Musk calls for breakup of Amazon in tweet

Telsa Inc Chief Executive Elon Musk on Thursday called for Amazon.com Inc to be broken up.



6 years ago
From jobs to finances, here's how veterans can recover and even thrive during the Covid-19 crisis

From jobs to finances, here's how veterans can recover and even thrive during the Covid-19 crisis

Americans are hurting from the economic fallout of coronavirus pandemic, and military veterans are no exception.

6 years ago
Private equity investments may be coming to your 401(k)

Private equity investments may be coming to your 401(k)

The Labor Department is easing rules around certain 401(k) funds investing in private equity. Some think it could boost returns, while others believe it exposes investors to higher fees and more risk.

6 years ago
ECB gives another shot of stimulus as economy reels

ECB gives another shot of stimulus as economy reels

The European Central Bank approved a bigger-than-expected expansion of its stimulus package on Thursday to prop up an economy plunged by the coronavirus pandemic into its worst recession since World War Two.



6 years ago
ECB expands pandemic support to over $1.5 trillion

ECB expands pandemic support to over $1.5 trillion

The European Central Bank beefed up its bond-buying programme on Thursday in its latest effort to support a euro zone economy pummelled by more than two months of shutdowns due to the coronavirus pandemic.



6 years ago
Tech stocks boost Nasdaq as recovery optimism prevails

Tech stocks boost Nasdaq as recovery optimism prevails

A rally in tech shares drove the Nasdaq index higher on Thursday, with weekly jobless claims dipping below 2 million for the first time since mid-March bolstering optimism around an economic rebound from the coronavirus-driven slump.



6 years ago
For U.S. economy, the bottom may be here, but the rebound is slow so far

For U.S. economy, the bottom may be here, but the rebound is slow so far

The U.S. economy may have hit its low point in the coronavirus crash but the rebound so far remains tepid, according to both broad indexes of activity and higher frequency counts of cellphone data and employee time information.



6 years ago
EBay raises forecasts on online boom, shares hit record high

EBay raises forecasts on online boom, shares hit record high

EBay Inc raised its current-quarter revenue and profit forecasts on Thursday, as people stuck at home due to the COVID-19 pandemic ordered more through its online platform, sending its shares to a record high.



6 years ago
Fiat-Chrysler's state-backed loan crucial for Italy's economy-Intesa CEO says

Fiat-Chrysler's state-backed loan crucial for Italy's economy-Intesa CEO says

A 6.3 billion euro ($7 billion) state-backed loan for Fiat Chrysler (FCA) , financed by Intesa Sanpaolo , is crucial in terms of safeguarding Italy's economy, the head of the country's biggest retail bank said.



6 years ago
HKEX says many U.S.-listed Chinese firms plan Hong Kong listings

HKEX says many U.S.-listed Chinese firms plan Hong Kong listings

Many U.S.-listed Chinese firms will likely list on the Hong Kong exchange this year, in part because of U.S. political pressure following China's new national security legislation on Hong Kong, the head of the exchange said on Thursday.



6 years ago
Goldman Sachs executive's email making plea for racial equality goes viral at firm

Goldman Sachs executive's email making plea for racial equality goes viral at firm

An email by a Goldman Sachs Group Inc employee about his experiences of racial injustice and criticizing managers at the Wall Street bank for not supporting junior bankers from diverse backgrounds went viral at the firm this week.



6 years ago
South Korea seeks arrest of Samsung heir Lee in succession probe

South Korea seeks arrest of Samsung heir Lee in succession probe

South Korean prosecutors have requested an arrest warrant for Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans.



6 years ago
As coronavirus sinks global demand, China’s exporters go online to tap domestic market

As coronavirus sinks global demand, China’s exporters go online to tap domestic market

At this time of the year, Deng Jinling would normally be welcoming foreign buyers to her vacuum flask showroom or cramming her goods into containers to be shipped to customers in the United States.



6 years ago
Asia's stock rally pause ahead of U.S. jobs data, euro at one-and-a-half month top

Asia's stock rally pause ahead of U.S. jobs data, euro at one-and-a-half month top

Asian stocks were poised for their biggest weekly rise in over eight years while the euro hovered near a 1-1/2 month high as Europe's central bank surprised with more stimulus, fuelling hopes for a global rebound.



6 years ago