๐ Jamie Dimon’s S&P 500 bear market: Brutal far from unimaginable
At the low last month, the S&P 500 was trading at 18 times earnings, a multiple that is above trough valuations seen in all previous 11 bear cycles.
At the low last month, the S&P 500 was trading at 18 times earnings, a multiple that is above trough valuations seen in all previous 11 bear cycles.
Major US banks including JPMorgan Chase and Bank of America are telling clients to short the rand against other major emerging market currencies.
Is the worst over for the Barclays share price, as its profits jump on the back of fixed-income trading amid market volatility?
The rand fell as much as 1.2 percent to head for its biggest weekly retreat this month as increased risk aversion among global investors and a possible reweighting of South Africa in a JPMorgan bond index.
Wells Fargo CEO John Stumpf arrived at Senate Banking Committee hearings with one hand in a bandage. He left even more battered and bruised.
Barclays is suddenly keen to sell its 62% controlling share in top SA retail bank Absa. The Barclays stake is worth R73bn down by R6bn since last Wednesday.
Barclays is close to naming former top JPMorgan Chase & Co. banker Jes Staley its next chief executive officer.
BNY Mellon will pay $14.8 million to settle charges that it hired relatives of senior officials from a Middle East sovereign wealth fund in exchange for business
Financial services generally face awkward new challenges, cyber currencies like Bitcoin leading the charge. Who needs banks when people can exchange value through cyber currency?
QKR Corp., a mining fund headed by former JPMorgan Chase & Co. banker Lloyd Pengilly and backed by Qatarโs sovereign wealth fund, has scrapped plans to expand.