23 June, 2015 by The TZ Newswire Staff Comments Off on Wall Street faces toughest regulatory challenge yet on new loan review
Wall Street faces toughest regulatory challenge yet on new loan review
Big investment banks are facing their toughest test yet in the current 2015 Shared National Credit (SNC) review, months after regulators warned the banks that the quality of U.S. leveraged loans that they arranged was not as good as the banks claimed, sources said. Regulators met with banks earlier this year after monthly monitoring started in 2014 revealed that several deals that banks claimed were in “good standing” were riskier than recorded, four people with knowledge of the discussions said.
23 June, 2015 by The TZ Newswire Staff Comments Off on Wall Street edges up in quiet session; Nasdaq ends at record
Wall Street edges up in quiet session; Nasdaq ends at record
U.S. stocks ended with slight gains on Tuesday, with the Nasdaq eking out another record close while investors continued to await clarity on whether Greece could reach a deal to prevent defaulting on its …
23 June, 2015 by The TZ Newswire Staff Comments Off on Branson says Virgin Cruises will sail out of Miami in 2020
Branson says Virgin Cruises will sail out of Miami in 2020
Richard Branson’s Virgin Cruises will take delivery of three ships capable of carrying nearly 3,000 passengers each starting in early 2020, the British entrepreneur told reporters during a news conference on Tuesday. “It’s no secret I’ve dreamed of building a cruise line for a very long time,” said Branson, 64. The first ship will operate out of Miami, but no decision was announced about the other two Branson arrived at the news conference by helicopter and posed for pictures sporting a cherry red captain’s hat with matching shorts and boat shoes, flanked by two models.
23 June, 2015 by The TZ Newswire Staff Comments Off on Movers & Shakers: Bed Bath & Beyond, Monsanto, Lennar earnings in focus
Movers & Shakers: Bed Bath & Beyond, Monsanto, Lennar earnings in focus
Among the shares expected to see active trade in Wednesday’s session are those of Bed Bath & Beyond, Monsanto and Lennar.
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23 June, 2015 by The TZ Newswire Staff Comments Off on Asia markets rise
Asia markets rise
Asian stocks climbed, with Japan’s Nikkei 225 Stock Average headed for a more-than 18-year high. Treasuries held losses as investors awaited a meeting of euro-area finance ministers for progress on Greece’s debt crisis. The yield on 10-year Treasuries fell one basis point after jumping 15 basis points in two days.
23 June, 2015 by The TZ Newswire Staff Comments Off on Ford jumps into car-share business
Ford jumps into car-share business
In a sign automakers are increasingly aware they’ll have to try new approaches to reach customers, Ford is launching a car-share program.
23 June, 2015 by The TZ Newswire Staff Comments Off on CNN Goes There: Asks If Thomas Jefferson Memorials Should Be Removed Because He Owned Slaves?
CNN Goes There: Asks If Thomas Jefferson Memorials Should Be Removed Because He Owned Slaves?
As the Confederate Flag hysteria escalates, CNN’s Ashleigh Banfield asks fellow CNN mouthpiece Don Lemon if it’s now appropriate for lawmakers to start a future conversation about whether or not the monument of Thomas Jefferson should be removed from the U.S. Capitol.