Bank of America Chief to Receive $23 Million for 2017, a 15% Bump
Bank of America Chief Executive Brian Moynihan is set to receive a 15% bump in pay for 2017, a year in which the bank hit new profit milestones.
Equifax Hack Might Be Worse Than You Think
Equifax said cyber thieves accessed records beyond what the company previously announced, according to a document submitted to the Senate Banking Committee.
Appeals Court Exempts Loan Funds from Dodd-Frank Risk-Retention Rule
Managers of Wall Street funds that lend money to heavily indebted firms won't have to retain an interest in the debt they sell to investors after a federal appeals court invalidated part of a major postcrisis rule.
Two Years After Meltdown, Third Avenue Fund Drops Again
Third Avenue Management's Focused Credit Fund imploded in late 2015 when credit markets turned rocky. On Wednesday, Third Avenue told investors it slashed the value of its remaining positions by more than 50%.
Stocks Are Cheaper, But Not Cheap
Stocks are a lot less expensive than they were two weeks ago. Unfortunately, they are still far from cheap.
Hong Kong Regulator Warns Against Trading Cryptocurrencies Without License
Hong Kong's financial-market regulator has warned seven cryptocurrency exchanges not to trade digital assets without a license and said it would punish those that fail to comply, following complaints from investors.
Fed's George Says It's Important to Press Forward With Rate Increases
The arrival of a surge of stimulative government spending and taxation policies at a time when the economy was already humming along increases the importance of pressing forward with interest rate increases, Kansas City Fed Chief Esther George said Thursday.
Why Boring Is No Longer Beautiful in Stocks
Popular defensive strategies aren't working so well in a rising interest-rate environment.
When Investing in Stocks Makes You Feel Like Throwing Up and You Do It Anyway
When it comes to investing, choosing what to ignore is critical to maintaining a long-term focus.
Understanding This Markets Rout
Investors aren't behaving as they usually do during big equity selloffs. That could point to a market still driven by the aftershocks of misfired bets on low volatility, rather than a reappraisal of the global economy.