banking

Morgan Stanley Fined $13 Million by FINRA

Morgan Stanley Fined $13 Million by FINRA

 On Monday, Morgan Stanley (NYSE: MS) was ordered by the Financial Industry Regulatory Authority (FINRA) to pay $13 million in fines and restitution to clients for inadequately supervising certain short term trades. Between January 2012 an..

Project Finance, Real Estate Under Close Watch

Project Finance, Real Estate Under Close Watch

The BSP or Bangko Sentral ng Pilipinas has started to closely watch the activities of Philippine banks. It is especially going through the banks' project finance and real estate exposures. The watchdog activity has intensified after a number of ..

Jamie Dimon says bitcoins will “end badly”

Jamie Dimon says bitcoins will “end badly”

According to CNBC, JPMorgan Chase & Co. (NYSE: JPM) Chief Executive Jamie Dimon has already expressed his position about bitcoin before, but now he is warning those who use cryptocurrencies that the government will shut them down if they get too..

Toshiba Memory Chip Biz Being Bought by Apple-Dell

Toshiba Memory Chip Biz Being Bought by Apple-Dell

Toshiba's hardships have not been hidden from the international market as the conglomerate has struggled to keep its head above the water in recent times. However, it now seems that two U.S. companies are teaming up to throw Toshiba a lifeline t..

Bitcoin Price Down After Negative Comments from JPMorgan Chase CEO

Bitcoin Price Down After Negative Comments from JPMorgan Chase CEO

JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon had some harsh words on Bitcoin. The orice of Bitcoin fell below $4,000 on Wednesday after the negative comments. Bitcoin’s price has surged about 315 percent this year."It's just n..

Wells Fargo Reports Progress on Second Half Expenses

Wells Fargo Reports Progress on Second Half Expenses

On Tuesday, the Chief Executive of Wells Fargo & Co (NYSE: WFC) says that the company is expecting to gain better control of costs in relation to revenues as they try to recover from a sales scandal. The company’s expenses will likely acco..

Financial Markets are Falling Sharply

Financial Markets are Falling Sharply

The stock market fell sharply Tuesday as a result of a questionable aquisition and renewed tensions with North Korea. The Dow Jones industrial average dropped about 250 points, partialy as a result of United Technologies and Goldman Sachs Group Inc ..