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The European bank stress test just revealed how awful things look for the...
Monte dei Paschi di Siena, the stricken Italian lender, would be insolvent in less than three years under an "adverse scenario," according to the results of the latest bank stress test released by the...
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Rupert Murdoch has finally sold his West Village townhouse for $27.5 million
Rupert Murdoch has finally shed his West Village townhouse for a sale price of $27.5 million, according to The New York Observer.Murdoch was originally asking for $28.9 million for the six-floor,...
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Trump seems especially mad at Mike Bloomberg, and any New Yorker could tell...
Democrats spent four days trashing GOP presidential nominee Donald Trump at their convention, but it seems that Trump has taken special issue with one speaker in particular: billionaire entrepreneur...
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Here's how Europe's biggest banks performed in Friday's stress test
The European Banking Authority published the results of its latest, much-anticipated stress tests on Friday evening, detailing how well Europe's lenders would be able to cope with a significant adverse...
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Ignore the headlines: US consumers are loving life right now
The first estimate on second-quarter GDP was a big disappointment.The economy grew at just a 1.2% annualized rate for the three months ended June 30, less than the 2.5% expected by economists.But...
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Tech deals have hit a speed bump this year, but that's set to change
Tech dealmaking has hit a speed bump. Mergers and acquisitions in the sector reached about $83 billion in value in the second quarter of this year, down 3% from a year earlier, according to a report by...
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One of Deutsche Bank's biggest hires of 2015 just left
Deutsche Bank's head of US rates sales, Bryan North-Clauss, has left the firm, according to two people familiar with the matter.North-Clauss joined the firm in September from Morgan Stanley.He was...
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The best-positioned mega-cap tech company: What Wall Street is saying after...
It's hard to find many analysts who are bearish on Amazon right now.The company reported a third-straight quarter of record profit on Thursday, and a 31% jump in revenue year-over-year, to $29.6...
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Capital One increases Alexa functionality for Amazon Echo (AMZN, COF)
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.In March, Capital One began allowing users to check credit card balances and...
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Venezuela is about to force people to work in the fields
Amnesty International says a new decree in Venezuela that says the government can make any of its citizens farm the country's fields in order to combat its current, punishing food crisis "effectively...
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U.S. authorities subpoena Goldman in 1MDB probe: WSJ
(Reuters) - U.S. authorities have issued subpoenas to Goldman Sachs Group Inc for documents related to the bank's dealings with scandal-hit Malaysian state fund 1MDB, the Wall Street Journal reported...
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Fintech firms could find surprising exit thanks to this unlikely major player...
This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here.The arrival of the age of fintech is about to shake up the financial...
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Wall Street finally let Google out of the doghouse (GOOG, GOOGL)
Google is out of the doghouse.After whiffing in the first quarter, parent company Alphabet delivered rock-solid second-quarter earnings on Thursday, ballooning the stock nearly 5% and getting Wall...
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14 of the world's most incredible concert venues
See story here »Join the conversation about this story »NOW WATCH: 7 amazing maps that show how important Canada is
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Beware of 'generic' versions of this popular drug
If you've ever come across an ad claiming that it can sell you a "generic" version of the little blue pill, then you've probably dismissed it as bogus.But scam ads for Viagra, which is prescribed for...
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I really don't care that I catch all kinds of criticism for buying a Toyota...
Last year, I committed automotive heresy for a car guy: I bought a Toyota Prius.In the world of auto enthusiasts, few vehicles have been viewed with as much scorn.The innovative gas-electric hybrid is...
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Homeownership in America has never been lower
The US homeownership rate is at an all-time low. On Thursday, the Census Bureau's quarterly report showed that the share of Americans who own a home fell to 62.9% in the second quarter, matching 1965...
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'Equity' is such a good Wall Street movie, you almost forget that all the...
I just watched "Equity," the highly anticipated Wall Street movie that came to theaters on Friday, and I loved it.The movie was compelling — there was ambition. There was greed. There was white-collar...
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This could be the end of the Swiss watch as we know it
.Join the conversation about this story »NOW WATCH: 7 amazing maps that show how important Canada is
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4 things every man should know before going into a Victoria's Secret
Buying a gift a for your wife or girlfriend can be one of the scariest, sweat-inducing activities known to man.What's the ideal gift? Lingerie, of course. Buying lingerie is easier said than done....
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