Investors Pull Money From Cash to Pay Tax Bills, Sell US Stocks - BofA
Cash equivalent funds saw a $160 billion tax-related outflow in the week to Wednesday, according to a BofA weekly report that cites fund flows.
UBS Plans Fresh Cuts Amid Credit Suisse Integration: Report
UBS is gearing up for another wave of job cuts as the Swiss banking giant continues to streamline its workforce after acquiring Credit Suisse.
Treasuries Stumble on Mere Mention of Fed Rate Hike by Williams
The US bond market’s recovery was cut short by a Federal Reserve official’s mere mention of the possibility of an interest-rate increase.
Jefferies Seeks to Collect a Break-Up Fee Written Into a Formal Offer
In a legal dispute, a prominent Wall Street institution incorporated a $4 million break-up fee into a formal offer, which it later sought to enforce.
Jamie Dimon Confronted Bill Gates After the Microsoft Founder Said Banks Were Dinosaurs
In the mid 1990's Jamie Dimon confronted Bill Gates after he said banks were dinosaurs: ‘Obviously he was dead wrong, he’d probably agree with that’.