20 May, 2015 by The TZ Newswire Staff Comments Off on Bank of America’s Problem (and Solution) in 140 Characters or Fewer
Bank of America’s Problem (and Solution) in 140 Characters or Fewer
What Twitter can teach us about a company’s present and future.
20 May, 2015 by The TZ Newswire Staff Comments Off on Goldman: Buybacks and dividends all that’s left in S&P 500
Goldman: Buybacks and dividends all that’s left in S&P 500
The $1 trillion that U.S. companies are on track to return to shareholders this year will constitute the market’s entire return in 2015, according to Goldman Sachs.
20 May, 2015 by The TZ Newswire Staff Comments Off on Silicon Valley banks on Bitcoin as a way to overtake Wall Street
Silicon Valley banks on Bitcoin as a way to overtake Wall Street
Nathaniel Popper, author of a new book on Bitcoin’s rise, says technology powerhouses are fixated on the digital currency’s promise to displace financial middlemen.
20 May, 2015 by The TZ Newswire Staff Comments Off on Five global banks to pay $5.7 billion in fines over rate rigging
Five global banks to pay $5.7 billion in fines over rate rigging
Five of the world’s largest banks, including JPMorgan Chase & Co and Citigroup Inc, were fined roughly $5.7 billion, and four of them pleaded guilty to U.S. criminal charges over manipulation of foreign exchange rates, authorities said on Wednesday. A fifth bank, UBS AG, will plead guilty to rigging benchmark interest rates, the U.S. Justice Department said. U.S. banks JPMorgan Chase and Citigroup will pay $550 million and $925 million in criminal fines, respectively, as part of their guilty pleas.
20 May, 2015 by The TZ Newswire Staff Comments Off on California pipeline ruptures, leaks oil into Pacific Ocean
California pipeline ruptures, leaks oil into Pacific Ocean
Oil from a ruptured pipeline in southern California forms four-mile-long slick and fouls a Santa Barbara County beach.
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20 May, 2015 by The TZ Newswire Staff Comments Off on Market Extra: How tiny Grinnell College’s endowment outperformed the Ivy League
Market Extra: How tiny Grinnell College’s endowment outperformed the Ivy League
Grinnell College and its chief investment officer, Scott Wilson, had one of the best returns among college endowment funds last year.
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20 May, 2015 by The TZ Newswire Staff Comments Off on This small Florida bank opens Cuban gov’t account
This small Florida bank opens Cuban gov’t account
A small bank in Florida is the first to open a bank account for the Cuban government, CNBC confirms.