Finance/Venture

Dollar Drops to Three-Week Low Against Japanese Yen as US Jobs Data Boosts Fed Cut Bets

The US dollar dipped to a three-week low against the Japanese yen on Friday following reports of US jobs and wage growth slowed down in April.


Coinbase Reports Impressive Q1 Revenue of Above $1 Billion Following Bitcoin Rally

Coinbase announced a better-than-expected revenue in its first-quarter earnings report on Thursday after a bitcoin rally led to a surge in profit...

Goldman Sachs Removes Bonus Cap for UK Bankers

After the UK removed local pay restrictions for bankers last year, Goldman Sachs was the first to remove its bonus cap for its bankers...

Trump Media CEO Calls for GOP Investigation Into Potential Short Selling by Eight Financial Firms

Nunes demands a GOP-led probe into short-selling by eight firms affecting DJT stock. DJT shares fluctuate; short sellers face steep costs, deterring professional managers...


Latest News

Investment Banking Fees fall 29% in Q1
Fees in investment banking sector across the world declined 29% during the first three-month period of 2016 as uncertainty in the global market halted deal proposing activities and other investment ev
Austrian Financial Market Regulator to Investigate Two Banks over Panama Papers Leak
FMA of Austria will investigate Raiffeisen Bank International and Hypo Landesbank Vorarlberg. The Austrian banks were named in Panama Papers in helping money laundering scheme.
Credit Suisse Must Take Drastic Measure After $1 Billion Write Down
The Swiss bank which posted first full-year loss last year must take a drastic measure. It has to make another retreat in investment banking.
Norwegian's Global Lavbeta II Fund Cuts Volatility With Low Beta Stocks
Oslo-based pension and insurance provider KLP beat benchmark in 5 of 7 years. The portfolio strategy to bet on stocks with low volatility is proven to be successful.
Trial for Five Former Barclays Bankers on Libor Rigging Case to Start Monday
After a series of setbacks, UK's Serious Fraud Office will start the third trial on Libor rigging case. Five former bankers in Barclays will stand accused as conspirators.
Societe Generale SA to Cut 128 Jobs in Its Global Banking Division
The third largest bank in France will continue its cost cutting plan. Through the year 2020 the bank will cut 550 jobs in its retail operation.
Research firm Coalition lowers Deutsche Bank position in investment industry
Deutsche Bank has missed its ranking as a top three investment bank in the world. The weak EURO as well as the bank's restructuring approach pushed it to the fifth place in the investment sector.
Meketa Investment Group enhances staff ownership team
Meketa Investment Group has increased its employee ownership team. It has included seven new shareholders into employee ownership team. Meketa is optimistic on adding new expertise and talent that sup
UK's service sector records 2.8% growth in January
The service sector of Britain posted a 2.8% growth in January, accounting for roughly 80% of the nation's economy. The country's GDP increased by 0.6% during the fourth quarter of 2015.
China's eight largest bank defaults on ‘dim sum’ bond
A unit of China's Guosen Securities in Hong Kong have defaulted on a dim sum bond. However, analysts doubted the default as the brokerage is in a strong cash balance.
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