Republicans had a sweep in the midterm elections and the markets are reacting. WSJ’s Polya Lesova has the details on the News Hub with Simon Constable. Photo: AP
The new issue of Barron’s looks at IBM’s turnaround strategy, plus what’s new about bank stocks. Jack Hough joins MoneyBeat. Photo: Getty Images.
British bank Barclays has been fined $44 million after one of its traders manipulated the benchmark gold price for his own profit.
Private wealth management is one of the few areas in which banks are adding staff. Goldman Sachs says it hires half of its “relationship managers” fresh out of college. The Wall Street Journal’s Wei Gu talks about the qualities needed for the job.
It’s been a long time since subprime was an attractive market for banks, but a new crop of lenders is wading back into those waters. Is it canny or dangerous, and did we learn anything? Ianthe Jeanne Dugan is here with a look at the new subprime.
The nation’s top private banks are telling wealthy investors to increase their holdings of hedge funds, private equity funds and other alternative investments. Plus, a rude surprise for Olympic medalists coming home. Richard Marias previews of the latest issue of Barron’s. Photo: Getty Images.
The U.S. Department of Treasury issued new guidelines Friday about how banks can do business with marijuana shops without violating federal laws.