Tagged: Coverage

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More fines for banks

The European Union is getting into the bank-fining act, imposing record penalties on six financial firms for their roles in the Libor case. It’s just the latest round of payments for many of these...

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Reporting on holiday spending

Despite retailers’ best efforts, holiday spending dropped this year even as more people went to stores. It’s not a great sign for the season if people are watching their budgets instead of taking advantage...

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Investors love Cinda IPO

Chinese asset management company Cinda is shaping up to be the hottest initial public offering of the holiday season. Hedge funds and other investors are pouring cash into the offering, hoping to capitalize on...

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The end of easy money

The Federal Reserve Board is considering pulling back on its bond purchases, but it won’t be easy to wean the market from the stimulus it now considers nearly essential. The release of the minutes...