Bank of America Hit With More Than $1.2 Billion in Penalties Over Anti-Money-Laundering Failures
Bank of America has been hit with more than $1.2 billion in US penalties after regulators said it failed for years to report suspicious transactions...
Author : Rohan Kumar
Wall Street Banks Open Earnings Season With a Split Verdict as Goldman and Citi Beat, JPMorgan Misses
Earnings season opened on Wall Street with a mixed verdict. Four of America’s biggest banks reported third-quarter numbers on Tuesday. Two clearly beat forecasts, one...
Chinese Memory Chipmaker CXMT Rattles Global Markets With Server Chip Ambitions
Shares in the world’s leading memory chipmakers fell for a second straight session on Tuesday, after a little-known Chinese rival said it is moving into...
Hyundai Commits $15.5 Billion to India as It Seeks to Win Back Ground in a Booming Car Market
Hyundai Motor Group has pledged $15.5 billion to India over the next seven years. It is one of the largest single commitments by a foreign...
US Inflation Report Lands as Traders Bet the Fed Will Pause Before Raising Rates Again
Wall Street has spent the past two weeks watching two numbers: the yield on the 10-year Treasury note and the price of crude oil. On...
Bank of America Hit With $1.2 Billion in Penalties Over Money-Laundering and Sanctions Failures
Bank of America has been ordered to pay more than $1.2 billion in penalties after US authorities found serious and long-running failures in its defences...
Wall Street Edges Lower as Chip Rout Deepens and Bond Yields Stay Above 5%
Wall Street ended a choppy session slightly lower on Tuesday as a semiconductor selloff ground on, bond yields stayed elevated and a run of mixed...
FBI Arrests OpenAI Engineer Over Hidden Recording Device in Executive Conference Room
Federal prosecutors have charged an OpenAI engineer with hiding an audio recorder in an executive conference room at the company’s San Francisco headquarters, an episode...
Oil Stays Above $100 as Saudi Attacks Outweigh Russian Diesel Deal
Oil prices are holding close to $107 a barrel as traders weigh two forces pulling in opposite directions: deadly attacks on Saudi Arabia and a...
US Inflation Report Looms as Oil Shock Tests the Fed’s Next Rate Move
The US Labor Department is due to publish its September consumer price index at 8:30 am Eastern on Wednesday, 14 October, and few releases this...