Bank of America's Well-Timed Wage Raise

In this episode of MarketFoolery, host Chris Hill and Motley Fool analyst Bill Barker look at a few of today's market stories and answer some listener questions. Bank of America's (NYSE: BAC) new $20 minimum wage comes right up against an appearance at Capitol Hill. Meanwhile, shares of Cerner (NASDAQ: CERN) popped big on activist interest from Starboard Value. The […]

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US bank CEOs: Hard Brexit poses no systemic risk, but outcome uncertain

Brexit deadlock: Will the US economy be affected? Bridgepark Advisors managing partner Stefan Selig and Dow Jones Newswires global chief editor Glenn Hall discuss the uncertainty surrounding Brexit and President Trump’s threat to close the U.S. southern border. Executives from top U.S. banks on Wednesday said the United Kingdom's potential hard exit from the European Union does not pose a […]

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Bendigo and Adelaide Bank quits financial advice in sale to IOOF

Bendigo and Adelaide Bank is joining the bank exodus out of the challenged financial advice sector, citing mounting costs as it announced plans to sell its advice business to IOOF in a $3 million deal. Bendigo is the latest Australian bank to quit financial advice.Credit:Fairfax Media The regional bank on Wednesday said IOOF-owned business, Bridges Financial Services, would pay $3 […]

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Breakingviews – UniCredit interest gives German bank merger a push

LONDON/MILAN (Reuters Breakingviews) – Deutsche Bank boss Christian Sewing has just received an unexpected leg-up from his rival Jean Pierre Mustier, who runs Italy’s UniCredit. Both men are competing for the affections of Commerzbank. The arrival of another suitor puts extra pressure on the German government to back a domestic marriage. Mustier has been prowling the European banking universe for […]

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Bank boss bonuses to be savaged by watchdog

Bank boss pay-packets are set to be radically overhauled by the banking watchdog, including moves to force executives to wait longer after departing the C-suite to receive their payouts. APRA chief Wayne Byres says banks had been too slow to reform remuneration structures in the wake of the royal commission. Credit:Louie Douvis The chairman of the Australian Prudential Regulation Authority, […]

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Deutsche Bank merger talks heighten uncertainty for U.S. staff

(Reuters) – Deutsche Bank AG’s merger talks with Commerzbank AG have put its 10,000 U.S. workers on edge, three employees told Reuters, with some concerned a deal could pressure Deutsche to further shrink or even dispose of its U.S. businesses. The future of the bank’s U.S. trading and investment banking presence had already been in question, with some shareholders calling […]

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Israel's Bank Hapoalim fourth-quarter profit sinks on U.S. tax probe provision

TEL AVIV (Reuters) – Israel’s Bank Hapoalim on Monday reported sharply lower quarterly net profit, weighed down by a large provision aimed at settling an ongoing U.S. tax evasion investigation. Hapoalim earned 97 million shekels ($27 million) in the fourth quarter ended December, down from 612 million a year earlier. Excluding one-time provisions, net profit in the quarter was 991 […]

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