Edition:
United Kingdom

Imani Moise

African Americans underserved by U.S. banks: study

13 Aug 2019

Many African Americans have difficulty accumulating savings in part because they lack access to mainstream financial services like banking, a new study on the contributing factors to the U.S. racial wealth gap by McKinsey & Co found on Tuesday.

African Americans underserved by U.S. banks -study

13 Aug 2019

Aug 13 Many African Americans have difficulty accumulating savings in part because they lack access to mainstream financial services like banking, a new study on the contributing factors to the U.S. racial wealth gap by McKinsey & Co found on Tuesday.

MOVES-Wells Fargo creates new role to focus on customer remediation and satisfaction

31 Jul 2019

July 31 Wells Fargo & Co said on Wednesday it has created a new role dedicated to consumer satisfaction and remediation, as the San Francisco-based bank continues to work through fallout of a scandal that erupted nearly three years ago.

U.S. prisons lose Wall Street sell-side coverage

31 Jul 2019

Sell-side analysts have stopped covering U.S. private prison operators as Wall Street has distanced itself from publicly traded GEO Group Inc and CoreCivic Inc .

UPDATE 1-U.S. prisons lose Wall Street sell-side coverage

31 Jul 2019

July 31 Sell-side analysts have stopped advising investors on U.S. private prisons as Wall Street has distanced itself from publicly traded GEO Group Inc and CoreCivic Inc.

Citi combines its stock trading and prime brokerage business

29 Jul 2019

NEW YORK Citigroup Inc is combining its stock trading business with its prime brokerage unit, which caters to hedge funds, private equity firms and other investors.

Citi combines its stock trading and prime brokerage business

29 Jul 2019

NEW YORK Citigroup Inc is combining its stock trading business with its prime brokerage unit, which caters to hedge funds, private equity firms and other investors.

FINRA fines Citigroup for loose background checks

29 Jul 2019

The Financial Industry Regulatory Authority said on Monday it has fined Citigroup's Global Markets business $1.25 million for failing to perform proper background checks on thousands of employees between 2010 and 2017.

London Stock Exchange in talks to buy Refinitiv for $27 billion

27 Jul 2019

LONDON/NEW YORK The London Stock Exchange Group Plc said on Friday it was in discussions to acquire financial data analytics provider Refinitiv Holdings Ltd for $27 billion, including debt.

Robinhood reveals error that left user passwords exposed

25 Jul 2019

Commission-free stock trading startup Robinhood instructed some users to change their passwords on Wednesday, after discovering a logging error that left some customer credentials vulnerable, according to a company email.

World News

EU rebuffs Johnson's Brexit gambit

The European Union on Tuesday rebuffed Prime Minister Boris Johnson's demand that it reopen the Brexit divorce deal, saying Britain had failed to propose any realistic alternative to an agreed insurance policy for the Irish border.