Finance

There’s nothing on the horizon that’s indicating the next financial crisis is going to happen anytime soon, according to Tony James, executive vice chairman at the Blackstone Group. Roughly a decade after the last financial crisis roared across the global, the situation is “definitely safer” because banks are more sturdy, risk and compliance procedures are
0 Comments
The Federal Reserve of San Francisco on Friday named its head of research Mary Daly as its next president, succeeding John Williams, who departed in June to lead the New York Fed. Daly takes the helm in San Francisco on October 1. Daly’s appointment was approved by the Fed’s Board of Governors in Washington. This
0 Comments
Appaloosa Management’s David Tepper thought the banking system would implode during the financial crisis a decade ago. This week marks the 10th anniversary of Lehman Brothers’ bankruptcy, which many investors regard as the seminal event of the financial crisis. “I was at a Jets game … Lehman just went down and then I was just
0 Comments
J.P. Morgan Chase Chief Executive Officer Jamie Dimon took a swipe at President Donald Trump, claiming that he could defeat the president in a head-to-head election. “I think I could beat Trump,” Dimon said Wednesday during an event held at his bank’s Park Avenue headquarters. “Because I’m as tough as he is, I’m smarter than
0 Comments
As the mainland Chinese stock market dropped in the second quarter, groups with government ties bought shares, according to a Goldman Sachs analysis. The “national team” of entities related to or influenced by the state was formed in 2015 to help support stocks during that summer’s market turmoil. The Shanghai composite crashed more than 40
0 Comments
Check out the companies making headlines after the bell: Sonos stock plunged more than 13 percent in after-hours trading after reporting third-quarter earnings, the company’s first quarterly earnings report since its initial public offering in August. The smart speaker company reported $208 million in revenue, meeting analysts’ expectations. Sonos also reported a loss of 45
0 Comments