Woodford director says $4 billion fund freeze continues
The suspension of money manager Neil Woodford’s Equity Income fund until December remains in place, the fund’s authorized corporate director said on Monday at its...
NY Fed’s Williams says NY Fed actions had desired effect of reducing market strains
New York Federal Reserve President John Williams on Monday defended the bank’s handling of volatility in money markets last week, saying officials anticipated the liquidity...
Strains that sank Thomas Cook weigh on European airlines
The collapse of travel group Thomas Cook and a trio of subsidiary airlines, leaving 600,000 holidaymakers stranded, is unlikely to be the last failure among...
SEC sues former Nissan CEO Carlos Ghosn over compensation: court filings
The U.S. Securities and Exchange Commision filed a lawsuit on Monday against former Nissan Motor chief executive Carlos Ghosn over claims he took part in...
‘Absolutely gutted’: demise of Thomas Cook wrecks travelers’ plans
Holidaymakers hit by the collapse of Thomas Cook , the world’s oldest tourist firm, desperately scrambled for information on Monday on how to get home,...
Hundreds of thousands stranded after travel firm Thomas Cook collapses
Hundreds of thousands of holidaymakers were stranded on Monday by the collapse of the world’s oldest travel firm Thomas Cook , sparking the largest peacetime...
WeWork bond prices falls after SoftBank questions CEO: MarketAxess
The price of We Company’s 7.875% May 2025 junk bond fell 1.1% on Monday morning, MarketAxess data showed, following reports from sources that investor SoftBank...
Online banks to take bigger share of U.S. deposit market: Evercore
Online banks, such as Ally Financial Inc and Capital One Financial Corp , are expected to take a bigger chunk of the overall U.S. deposit...
Wall Street set to open lower as U.S.-China trade optimism fades
U.S. stock indexes were set to open slightly lower on Monday as investors were cautious about progress in Sino-U.S. trade talks and waited for a...
Saban says to give up controlling stake in Israel’s Partner Communications
U.S.-Israeli media magnate Haim Saban on Monday said he would give up control in Israeli mobile phone operator Partner Communications after failing to secure better...