An outbreak of the coronavirus in Italy boosted the price of bullion. While producers of the yellow metal stand to gain from higher prices, a global pandemic could hit some production. And, as Ed Cropley explains, an even bigger risk may be that CEOs e…
A $3 bln settlement with regulators over historic fake-account opening helps newish Wells Fargo boss Charlie Scharf to focus on boosting earnings. But he probably can’t catch up with rivals like U.S. Bancorp just by growing revenue. He’ll also need to …
T-Mobile US and Sprint got one step closer to finally sealing their $120 bln merger. An amended agreement means Sprint owner SoftBank is getting a smaller slice of the stake. Jennifer Saba discusses the upsides for both companies.
UK finance has yet to face many restrictions on using artificial intelligence. But the technology brings risks as well as opportunities. As Liam Proud explains, that means the Bank of England’s light-touch approach will have to change.
Morgan Stanley’s $13 bln purchase of online broker E*Trade gives it retail customers, higher returns and more stable revenue. That’s what rival Goldman Sachs has promised its shareholders too, though it’s taking a different path. John Foley digs into t…
UBS needed someone with experience of running a big lender, wealth management expertise, and investment banking chops to succeed CEO Sergio Ermotti. That is a rare combination. Liam Proud explains why ING’s Ralph Hamers is an acceptable solution to a t…
The billionaire says that as U.S. president he would clip the wings of the Wall Street firms his financial-data empire counts as clients. Then again, he has no choice. Lamenting capitalist excesses has become the price of entry to the Democratic debate…
Prime Minister Boris Johnson will next year introduce a new immigration system. Swaha Pattanaik outlines potential pros, such as scope for stronger wage growth, as well as possible drawbacks of a plan that the government says will end Britain’s relianc…
Amazon’s boss is donating $10 bln to fight climate change. Reforestation and other forms of carbon capture are worthy causes, but require far more cash. And Bezos is late to the game. Antony Currie explains how backing climate-savvy politicians could b…
The iPhone maker said quarterly sales would miss earlier guidance as Chinese consumers and supply chains seize up. Pete Sweeney spells out why the tech titan’s problems will make investors more sensitive to the ripple effects of the coronavirus.