Financial Services

admin April 22, 2018

Bloomberg Wells Fargo’s risk management practices were “reckless, unsafe or unsound.” Unlike many of the scandals that have triggered billion-dollar penalties for banks, the problems that led to a 10-figure federal government settlement for Wells Fargo & Co. don’t appear to have colorful emails or trader messages describing bad behavior. The dry language employed […]

admin April 20, 2018

This report incorrectly stated the U.K. pound move. It has now been corrected. Getty Images The U.S. dollar gained ground against its rivals Thursday as the 10-year Treasury yield edged higher, flirting with the psychologically important 3% mark. Read: Why currency traders hate their jobs right now What are currencies doing? The ICE […]

admin April 20, 2018

The percentage of investors optimistic about the U.S. stock market jumped in the latest week, as early readings from the first-quarter earnings season pointed to strength in corporate America. Still, a myriad of uncertainties kept the reading below its historical average. According to the AAII Sentiment Survey, 37.8% of investors describe themselves as bullish, meaning […]