Banks can commit to being better stewards of the planet by cutting emissions and other actions, but their money keeps the oil pumping for now. Some 60 of the world’s largest commercial …
Read More »The lira and Turkish stocks crash after Erdogan fires the central bank head as other emerging market currencies struggle
Turkey’s currency and equities collapsed after the abrupt termination of its central bank chief, a move that prompted investors to take a cautious stance toward risky assets on Monday. The dollar USDTRY, …
Read More »Citigroup, Wells Fargo and Bank of America urge shareholders to vote against racial fairness audits
Three of the nation’s largest banks are asking shareholders to reject racial equity resolutions after they expressed solidarity with the Black Lives Matter movement last year. Citigroup Inc. C, + 0.37%, Wells …
Read More »Betting on the post-pandemic boom? Bank of America has 17 stock recommendations
Here’s a possible all-clear sign. COVID-19 is no longer a “tail risk” for investors, the first time since February 2020, Bank of America says in its latest survey of fund managers. A …
Read More »Tesla faces a race with Volkswagen as the German car giant targets battery costs and new gigafactories
The race to dominate the electric vehicle industry may get tighter as Volkswagen, the German car giant and Tesla’s looming rival, unveiled plans Monday to lower the cost of batteries and operate …
Read More »Now is the time to sell cyclical winners and buy back tech stocks, says JPMorgan
US stocks will open higher after the Dow Jones Industrial Average DJIA, + 0.90% and S&P 500 SPX, + 0.10% it closed at all-time highs last week. Comes as the yield on …
Read More »The stimulus money is not going to be spent, says Bank of America, so here are the investment moves to make
The big talk not just in markets but in politics is whether the new round of stimulus will overheat the economy. Bank of America’s research investment committee says it won’t and brings …
Read More »JPMorgan jumps to Greensill Fray, hampering Apollo talks
JPMorgan Chase JPM -0.71% & Co. is making a play for some of Greensill Capital’s clients, according to people familiar with the matter, revoking an offer from Apollo Global Management. Inc. APO …
Read More »SoftBank invested $ 400 million in Greensill months before the collapse
SoftBank Group Body 9984 3.18% The Vision Fund injected at least $ 400 million into Greensill Capital late last year, according to people familiar with the matter, deepening the potential losses faced …
Read More »Greensill Capital falls into insolvency and financial pain spreads
LONDON – Greensill Capital filed for insolvency protection on Monday, according to a person familiar with the company, days after regulators took over its banking unit and Credit Suisse Group AG frozen …
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