Opening Bell

  • warrenbuffett

    Opening Bell

    Opening Bell: 04.24.14

    ‘Flash Boys’ Resonates as Survey Finds High-Frequency Concerns (Bloomberg) More than two-thirds of financial industry participants, 70 percent, say the U.S. equity markets aren’t fair for all, according to a survey conducted by ConvergEx Group LLC, which provides brokerage and trading-related services. Just over half, 51 percent, also said high-frequency trading is harmful or very […]

    / Apr 24, 2014 at 7:00 AM
  • cows

    Opening Bell

    Opening Bell: 04.23.14

    Judges Consider What Defines Insider Trading (WSJ) Federal prosecutors were peppered with tough questions Tuesday on the legal underpinnings of their near-perfect record in insider-trading cases, raising the prospect that some convictions could be overturned. In an hourlong hearing in Manhattan, judges of the U.S. Court of Appeals for the Second Circuit signaled that federal […]

    / Apr 23, 2014 at 7:00 AM
  • ducklings

    Opening Bell

    Opening Bell: 04.22.14

    Williams Urges Fed to Avoid Stoking Risk as It Boosts Jobs (Bloomberg) “We’re exactly on the right track” with current policy, Williams said in an interview yesterday in San Francisco, predicting unemployment will fall to 5.5 percent by the end of next year and inflation will accelerate to about 1.7 percent. Trying to achieve the […]

    / Apr 22, 2014 at 9:30 AM
  • barclays

    Opening Bell

    Opening Bell: 04.21.14

    Barclays to Exit Most Commodities Trading in Bid to Bolster Profit (WSJ) The U.K. bank will pull back from trading in base metals, energy and agricultural products and fold its precious metals business into its currency trading unit, people familiar with the plans said Monday. The move comes as Barclays prepares to tell investors on […]

    / Apr 21, 2014 at 9:30 AM
  • stevejobs

    Opening Bell

    Opening Bell: 04.16.14

    Credit Suisse Net Falls on Lower Investment Bank Profit (Bloomberg) Net income decreased to 859 million francs ($976 million) from 1.3 billion francs in the year-earlier quarter, the Zurich-based company said in a statement today. Credit Suisse tumbled in Swiss trading after earnings missed the 1.09 billion-franc estimate of seven analysts surveyed by Bloomberg. Mt. […]

    / Apr 16, 2014 at 7:00 AM
  • mike corbat

    Opening Bell

    Opening Bell: 04.15.14

    Citigroup CEO Vows to Fix Regulatory Problems as Bank Logs Higher Profit, Beats Estimates (WSJ) Speaking after Citigroup reported better-than-expected first-quarter earnings Monday, Mr. Corbat faced more than a dozen questions from analysts on the bank’s recent failure to win regulatory approval to return capital to shareholders. “Is the Fed denial a wake-up call for […]

    / Apr 15, 2014 at 8:50 AM
  • giselle

    Opening Bell

    Opening Bell: 04.14.14

    Europe’s top banks cut 80,000 more staff in post-crisis overhaul (Bloomberg) Europe’s largest banks cut their staff by another 3.5 percent last year and the prospect of a return to pre-crisis employment levels seems far off, despite the region’s fledgling economic recovery. Spurred into action by falling revenue, mounting losses and the need to convince […]

    / Apr 14, 2014 at 7:00 AM
  • khaleesi

    Opening Bell

    Opening Bell: 04.11.14

    Investor Group Seeks Court OK to Buy, Revive Bankrupt Bitcoin Exchange Mt. Gox (WSJ) A group of investors with Hollywood ties is seeking to revive bankrupt bitcoin-trading exchange Mt. Gox, according to people familiar with the matter. The investor group, which includes Brock Pierce, a former child actor-turned technology entrepreneur, is offering a token payment […]

    / Apr 11, 2014 at 7:00 AM
  • rocky

    Opening Bell

    Opening Bell: 04.09.14

    Goldman Mulls Closing Dark Pool (WSJ) Goldman Sachs s considering shutting down one of the world’s largest private stock-trading venues, according to people familiar with the matter. In conversations with market participants over the past several months, Goldman executives have broached the subject of closing its so-called dark-pool trading operation, known as Sigma X, the […]

    / Apr 9, 2014 at 7:00 AM
  • youngroblowe

    Opening Bell

    Opening Bell: 04.08.14

    Citi Is Bracing to Miss a Profit Target (WSJ) Citigroup Inc. is warning investors it may miss a key profitability target after the Federal Reserve rejected the bank’s capital plan last month, people familiar with the matter say. The Fed on March 26 shot down the New York bank’s proposal to boost its dividend and […]

    / Apr 8, 2014 at 7:00 AM
  • Barney_Bush

    Opening Bell

    Opening Bell: 04.07.14

    Fallout From High-Frequency Trading Hits Brokerages (WSJ) Shares of E*Trade Financial Corp., Charles Schwab Corp. and TD Ameritrade Holding Corp. tumbled last week amid concerns that regulators would ban a practice that allows brokerages to collect hundreds of millions of dollars a year in revenue by selling orders to middlemen who use high-frequency strategies to […]

    / Apr 7, 2014 at 7:00 AM
  • bitcoins

    Opening Bell

    Opening Bell: 04.04.14

    Australia Model Curbs Speed as CEO Says U.S. Too Far Gone (Bloomberg) In Australia, where high-frequency trading firms are half as pervasive as in the U.S., the head of the biggest stock exchange has a message for Americans who would rein them in: forget it. “The way the U.S. market structure has been set up […]

    / Apr 4, 2014 at 7:00 AM
  • mark-zuckerberg-23feb12

    Opening Bell

    Opening Bell: 04.03.14

    Moody’s Is No-Show in Bond Deal Rating (WSJ) When the sale of more than $1 billion in commercial-mortgage bonds went off without a hitch last week, one name was conspicuously missing from the prospectus: Moody’s Investors Service. The ratings firm, known for adopting more-cautious stances than its rivals, has been a mainstay on such deals […]

    / Apr 3, 2014 at 7:00 AM
  • cliffasness

    Opening Bell

    Opening Bell: 04.02.14

    JPMorgan Assailed by Russia as Bank Blocks Payment (Bloomberg) The biggest U.S. bank thwarted a remittance from the Russian embassy in Astana, Kazakhstan, to Sogaz Insurance Group “under the pretext of anti-Russian sanctions imposed by the United States,” the ministry said yesterday in a statement on its website. Sogaz lists OAO Bank Rossiya, a St. […]

    / Apr 2, 2014 at 7:00 AM
  • MarkZuckerberg

    Opening Bell

    Opening Bell: 04.01.14

    Facebook CEO Zuckerberg’s Base Salary Falls to $1 (Bloomberg) Zuckerberg, who is Facebook Inc. (FB)’s chief executive officer and also the 22nd richest person in the world as ranked by the Bloomberg Billionaires Index, was paid $1 in salary for 2013, according to a regulatory filing with the U.S. Securities and Exchange Commission today. That’s […]

    / Apr 1, 2014 at 7:00 AM
  • 10248702_h19685109

    Opening Bell

    Opening Bell: 03.31.14

    Swiss Antitrust Regulator Probes Eight Banks Over Alleged FX-Rigging (Bloomberg) The authorities are examining whether firms colluded to fix foreign-exchange rates, the Bern-based watchdog, also known as Weko, said in a statement today. JPMorgan Chase & Co., Citigroup Inc., Barclays Plc and Royal Bank of Scotland Group Plc are among the other firms being probed, […]

    / Mar 31, 2014 at 9:30 AM
  • bacon

    Opening Bell

    Opening Bell: 03.27.14

    Bad News Drew Citi CEO to Rush Home (WSJ) The phone rang when Michael Corbat was half a world away in South Korea. It was about 6 a.m. Wednesday morning in Seoul, and on the line was a Federal Reserve official, charged with delivering news that left the Citigroup Inc. chief executive in shock and […]

    / Mar 28, 2014 at 7:00 AM
  • ukrainedolphin

    Opening Bell

    Opening Bell: 03.27.14

    S&P wants to split up $5 billion U.S. ratings lawsuit (Reuters) Standard & Poor’s asked a federal judge to split up the U.S. government’s $5 billion civil fraud lawsuit accusing it of lying about its credit ratings, saying it would be unfair to have to defend against a case of such “unmanageable scope” all at […]

    / Mar 27, 2014 at 7:00 AM

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