Banks drag on Europe; oil falls after Iran sanctions lifted

By Jamie McGeever LONDON (Reuters) – European shares fell on Monday, following Asia lower and led by banks after the European Central Bank said it would quiz euro zone lenders about high levels of bad loans, while oil prices. With U.S. markets closed for the Martin Luther King Day holiday, U.S. stock index futures slipped […]

U.S. payrolls surge in December in boost to economic outlook

WASHINGTON | BY LUCIA MUTIKANI  Jan 8, 2016 U.S. payrolls surged in December and the job count for the prior two months was revised sharply higher, showing the economy on solid ground despite a troubling international backdrop. Nonfarm payrolls increased by 292,000 last month, the Labor Department said on Friday. The unemployment rate held steady […]

Big banks are joining forces with the firms that were supposed to be disrupting them

America’s biggest banks are backing online lenders. Wall Street institutions like Citigroup, JPMorgan, and Barclays are partnering with startups that, in many cases, set out to disrupt the banks they are now collaborating with. The student-loan-refinancing specialist CommonBond on Tuesday announced the closing of a $275 million warehouse line of funding from Macquarie Capital, Barclays, […]


Four challenges facing emerging market investors Exposure to emerging markets for the average retail investor often comes from exchange-traded or mutual funds that invest in a collection of countries. But the performance of broad market funds in 2016 suggests it is time to rethink that approach. Overall, emerging markets disappointed again this year. The MSCI […]

US home prices are at their highest level in 8 years

Home prices are still rising in the US. According to the S&P/Case-Shiller home price index, averaged prices climbed by 0.84% month-over-month in October. This was a bit stronger than the 0.60% pace expected by economists. On a year-over-year basis, prices were up 5.54%, which compares to expectations for a 5.60% gain. “As of October 2015, […]

No Fear: Banks Bet on Energy Comeback

Emily GlazerDecember 16, 2015 5:30 AM Banks are betting that pain in the oil patch is short-lived. Even after a steady drop in energy prices through the second half of the year, banks in the U.S. are being lenient with cash-strapped companies rather than set tougher lending constraints that could make survival more difficult. The strategy is […]