Wells Fargo Altered Information on Business Customers' Documents
Some employees in a Wells Fargo unit that handles business banking improperly altered information on documents related to corporate customers. The behavior again raises questions about the bank's risk-management practices and controls.
Citigroup Fined More Than $7 Million by Hong Kong Regulator
The Securities and Futures Commission said Citigroup hadn't conducted "adequate and reasonable due diligence" on some aspects of the listing of Chinese company Real Gold Mining, for which it acted as sponsor.
Companies Find Savings in Issuing Floating-Rate Bonds
This shift to floating-rate debt might seem odd, given the Federal Reserve is likely to raise benchmark interest rates at least twice more this year. But demand from investors is so strong for that it can still be cheaper for companies to issue those sorts of bonds.
South Korea to Disclose Forex Intervention Details
South Korea in a major policy turnaround has decided to gradually disclose details on its veiled foreign-exchange interventions to enhance transparency and ease lingering U.S. suspicion that it may be manipulating its currency to boost exports.
Small Caps Set New Highs, Outpacing Multinational Peers
Shares of small U.S. companies climbed to a fresh record, reflecting their gains in the recent tax overhaul and signs that U.S. growth once again looks more robust than that from overseas.
Crypto Enthusiasts Mob New York Conference
The price of a bitcoin is down more than 50% this year, but enthusiasm for cryptocurrencies and related projects has hardly been dented, judging by the throngs at an annual crypto conference.
Private-Equity Tech Titans Face Off With New Funds
Two of the largest technology-focused private-equity firms are competing to raise money for what would be their biggest funds, ratcheting up an already heated race for buyouts in the industry.
Season Tickets? Small Firms Rethink Client Events After Losing Tax Break
With the new tax law limiting deductions for business meals and entertainment, many companies are cutting back on beloved perks like season sports tickets.
Banks Finally See a Lending Boost
After a long period of sluggish growth, bank lending activity is finally picking up.
Why the Credit-Card Boom May Have Just Peaked
One of the most profitable consumer-lending categories in recent years may become more of a middling player, as rising loan losses and increased rewards expenses put pressure on card lenders' returns.