Covering the global business of banking, financing, and deal making
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A Wall Street Journal analysis shows not only the rarity of proceedings brought against individual bank employees, but also the difficulty authorities have had winning cases.
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& Co. is rolling out a new mortgage for borrowers making minimal down payments, an offering that could allow the bank to step back significantly from a controversial Federal Housing Administration program.
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A fund controlled by LendingClub that invests in the company’s online consumer loans suffered one of its worst monthly performances for April and disclosed it was buying riskier loans than originally intended.
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Citibank agreed to pay $425 million to end long-running civil probes into the bank’s alleged manipulation of key benchmarks, becoming the first U.S. bank to resolve claims related to the Libor benchmark.
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U.S. officials have moved to address a key concern of Wall Street banks about the Obama administration’s signature Pacific trade agreement, removing a small impediment to congressional passage of the pact, which has encountered stiff opposition in the 2016 presidential campaign
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![[image]](http://si.wsj.net/public/resources/images/BN-OE102_BLOCKS_E_20160524173628.jpg)
Wall Street firms have been doing more deals that help companies sell large chunks of stock, a process in which banks buy the shares and hope to sell for a profit later that day. But such block trades expose them to more risk.
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iRobot Beats Activist as Shareholders Reject Red Mountain Board Picks
Turns out, robots can beat activists. Shareholders of iRobot Inc. elected the Roomba maker's board nominees, rejecting two directors nominated by activist investor Red Mountain Capital Partners LLC, iRobot said Wednesday.
Welcome to Evening MoneyBeat, WSJ's closing-bell roundup of all the news and developments in the capital markets. To receive this newsletter, click here:http://on.wsj.com/MoneyBeatEveningSignup HOW WE GOT HERE U.S. stocks rallied sharply for a second day as oil hit a fresh 2016 high, though it remained below the $50/barrel level. It was an orderly climb higher […]
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Shares in Chinese peer-to-peer lender Yirendai have more than tripled in a few months. But that just raises questions about the risks the company takes on.
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