LONDON—Barclays PLC reported weak first-quarter earnings in its investment bank, days before shareholders are due to vote on a board appointment for an activist investor who wants to shrink the unit.
The British lender said net profit in its corporate and investment bank fell 30% from the first-quarter 2018 to £582 million from £834 million, because of reduced client activity, lower volatility and fewer corporate deals. The bank’s overall net profit in the quarter was £1.04 billion, up from a £764 million net...
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BNY has quietly started working with a marijuana ETF — and it’s about to be the first major bank to help the world’s largest funds invest in the booming industryInstitutional investors have previously avoided investing in cannabis because no federally-chartered banks would hold the stock. BNY has changed that.
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Barclays says there will be no job cuts, even as insiders brace for the worst and an activist ratchets up pressure to gut the investment bankSenior Barclays staff have been bracing for staff and bonus reductions following the departure of key investment banking bosses.
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Barclays to cut investment bankers' bonuses: FTBarclays Plc is planning to cut bonuses for investment bankers as it steps up it...
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Uber's self-driving unit secures $1-billion investment ahead of IPODenso Corp., Toyota Motor Corp. and SoftBank Group Corp.’s Vision Fund bought stakes in the self-driving unit, valuing the arm at $7.25 billion, which will help Uber fund a very costly endeavor. The whole point of 'uber' is that it's part of the on demand gig economy. If robots are doing it, then I won't use the service. Not that I trust people more but these folks aren't driving cause they like the smell of fumes and sitting in traffic.
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Uber Clinches $1 Billion Investment in Self-Driving-Car UnitUber Technologies Inc. said it struck a deal with investors including SoftBank Group Corp.’s tech fund for a $1 billion investment in its self-driving-car unit as the ride-hailing company prepares for an initial public offering. Nice. New York’s former World Trade Center (WTC) is the World Transportation Center (WTC) A new, ever-expanding, universal infrastructural system that guides & propels autonomous cars will emanate from “Ground Zero” in Manhattan The word “Phoenix” occurs in Nostradamus Thanks to all the chumps who let us use your cars and your time to make ourselves rich, we won't be needing you anymore though.
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Uber's self-driving unit valued at $7.25 billion in new investmentUber's autonomous vehicle unit has raised $1 billion from a consortium of i... Macabre joke about figures and valuation
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Stocks struggle for altitude as investors parse Boeing, Caterpillar earningsStocks on Wednesday trade mixed, a day after the S&P 500 and Nasdaq carved out their first records in months, underscoring a rebound for stocks since an...
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A Champion Investment Bank Is the Wrong Solution for EuropeHeard on the Street: Even if Deutsche Bank and Commerzbank merge, they will still struggle with Europe’s flawed capital markets
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