Disney Surge May Accelerate Fox Deal Closing
The company's quarterly earnings and revenue solidly beat forecasts, perhaps opening the door to an early-2019 completion of Fox assets acquisition.
Barclays Shares Jump 4.4% on Dividend Hike
The bank had cut the dividend by more than half two years ago but is confident it will "generate excess capital going forward."
Tax Bill Forces Barclays to Take $1.2B Charge
The bank is joining other companies that are writing down the value of their deferred tax assets in the wake of the U.S. legislation.
Deutsche, Credit Suisse Settle MBS Cases for $12B
The settlements with U.S. authorities ease investor concerns over the impact of the MBS scandal on the shaky European banking industry.
U.S. Sues Barclays Over $30B in Toxic RMBS
Due diligence vendors described some of the loans underlying the securities as having the “distinct aroma of default.”
Circle Gets U.K. Approval for Payments App
For the first time, Circle says, "any consumer in the U.S. and the U.K. will be able to beam sterling and dollars back and forth, instantly for free."
Barclays, Credit Suisse Fined $154M Over Dark Pools
The SEC and New York State allege the banks misrepresented that they would keep high-frequency traders out of their alternative trading systems.
Barclays Fined $150M Over ‘Last Look’ System
Barclays did not seek 'to distinguish toxic order flow from instances in which prices merely happened to move in favor of the customer,' said the NYFDS.
S&P Kicks Off European Bank Downgrades
The EU's bank-resolution law, which requires creditors to take losses before the government steps in, will lead to more ratings actions.
Buybacks, Dividends Consume 95% of Earnings
The amount of profits dedicated to shareholder payouts is up 10 percentage points from the long-term average.
Banks Clamping Down on Unethical Currency Traders
After several probes revealed FX dealers are leaking customer information for profit, some top banks are reacting by introducing restrictive measures.