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December 13, 2016 / Finance
Fed gives banks five years to comply with Volcker Rule limits
The Federal Reserve Board laid out on Monday how U.S. banks can apply to take five more years to comply with the Volcker Rule, a reform emerging from the 2007-09 financial crisis that has received some of the harshest criticism from Wall Street.
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December 12, 2016 / Finance
Goldman Says Saudis Wrong to Rule Out U.S. Shale Oil Rebound
Oil may climb to $60 a barrel for the first time in almost a year and a half after Russia and other unaffiliated nations joined an OPEC pledge to reduce production and Saudi Arabia surprised the market by saying it will cut more than previously agreed.
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December 12, 2016 / Finance
Monte Paschi Pushes on With Capital Plan as Rescue Clock Ticks
Banca Monte dei Paschi di Siena SpA is making a last-ditch effort to raise funds as the prospect of a state rescue looms.
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December 9, 2016 / Finance
ECB Expands Stimulus to $2.4 Trillion as Monthly Purchases Slow
The European Central Bank expanded its quantitative-easing program to exceed 2.2 trillion euros ($2.4 trillion) by the end of 2017, buying at a reduced monthly pace with the caveat that it can step up or prolong purchases if needed.
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