European Union and Asian regulatory sources said that a system of international regulatory cooperation will be thrown into confusion by U.S. plans to delay globally-agreed reforms to make banks safer after the financial crisis. But sources said that as it… Read More ›
Day: June 14, 2017
Unfazed By Techs’ Roller Coaster, Big Investors Buy ‘FANG’ Stocks
Large investors are doubling down on their investments even as stocks like Apple Inc. and Facebook Inc stumble even though their high exposure to large-cap technology stocks boosted their returns during the first quarter of the year. During a two-day… Read More ›
Travis Kalanick, Uber’s CEO takes undefined leave of absence midst sweeping financial & management reforms
The scandal-ridden company is on the verge of turning a new leaf. It would be interesting to see how this change of management will impact its case with Waymo. On Tuesday, Travis Kalanick, Uber Technologies Inc’s CEO told employees he… Read More ›
Lowering credit standards contributing to increased losses of credit card businesses by banks
Reduced vigil and lowering of standards of credit card businesses by banks, have contributed to mounting losses. On Tuesday, at an industry conference, the head of JPMorgan Chase & Co’s consumer business disclosed that losses in the bank’s credit card… Read More ›
Boeing strategically restructures itself to better tap growing opportunities
The move is in anticipation of heightened defence related orders from the U.S. and its allies. In efforts aimed at making its businesses more responsive to customers, on Tuesday, Boeing Co stated it would be restructuring its defense, space and… Read More ›