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Wall Street Week Ahead: Bruised U.S. banks expected to report third quarter earnings decline
The biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector’s…
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Italy’s Del Vecchio calls on Mediobanca to grow through M&A
Mediobanca’s third-biggest investor Leonardo Del Vecchio called for it to get bigger through acquisition on Friday, stepping up his questioning of the Italian merchant bank’s strategy.
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Brexit extension, election still most likely, says UBS
UBS Wealth Management said on Friday it still expects the UK government to ask for an extension to the deadline for exiting the European Union and to hold a general election, though it acknowledged…
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Elliott ranks as busiest activist hedge fund in third quarter, again
Elliott Management, Paul Singer’s $35 billion hedge fund, kept up its blistering pace of pushing for corporate changes during the third quarter, outspending all rivals with campaigns at AT&T and…
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Fidelity follows rivals in cutting online trading commissions to zero
Fidelity Investments on Thursday eliminated commissions on online trades of U.S. stocks, exchange traded funds (ETFs) and options, becoming the latest brokerage to cut trading fees to compete with…
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