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Standard Chartered, a big U.K. lender, will include a $190 million charge in first-quarter results to pay for the settlements, on top of a $900 million reserve recorded in the fourth quarter of 2018.
Hong Kong's securities regulator has fined Morgan Stanley, Merrill Lynch, UBS and Standard Chartered for lack of fact checking and due diligence in preparing stock offerings for now-liquidated China Forestry and still-suspended Tianhe Chemicals.
Saudi Arabia's vow to respond with "greater action" to any economic or political sanctions linked to the disappearance of dissident journalist Jamal Khashoggi has dented global market sentiment Monday and added downward pressure to a host of U.S. stocks linked to the Kingdom's powerful sovereign wealth fund and its critical oil industry.
Standard Chartered shares fell to the lowest level in nearly two years Tuesday amid reports that the emerging markets-focused investment bank could face a fine as high as $1.5 billion for violating U.S. sanctions on Iran.
Prices were up narrowly Monday after dipping dramatically over the weekend.
Under JPMorgan CEO Jamie Dimon's own formula, a financial crisis happens every five to seven years. It's now been a decade since the last crisis.
HSBC and Standard Chartered could benefit from China liberalizing foreigners' access to its banks.
'About a third of banks by assets may struggle to achieve sustainable profitability, underscoring ongoing challenges and medium-term vulnerabilities,' the IMF says.
Corporate earnings dissapointments soured the mood among Europe's investors.
Higher inflation and, in some parts, solid corporate earnings were both factors on Monday.
Blockchain allows for the sharing of data across a network of individual computers.
European benchmarks rose Tuesday as fallers from the previous session paired losses and concerns over political risks receded, in favor of a renewed focus on economic data and monetary policy.
But CEO Jamie Dimon is "not going to go away."
European benchmarks were roundly higher at the close Friday following what was a volatile session for London, with British politics delivering yet another upset to pundits and pollsters alike.
European benchmarks surged Monday as commodity prices rebounded, boosting the resources sector, while political risks were also seen to have receded further.
From automakers to financials, strong corporate earnings numbers helped to boost major European benchmarks Wednesday, although stocks in Southern Europe fell on concerns over bank capital
Standard Chartered turnaround gained momentum in the first quarter, with profit before tax at the emerging markets lender rising more than 90% to $1 billion.
A late optimism-induced surge rounded off a solid session for Europe's stock markets.
European stocks were weaker and bonds higher as unease returned to markets.
European stocks retreated Friday as global investors trimmed risk positions amid questions over both the pace of Fed rate hikes and tax and spending plans from President Donald Trump.
Standard Chartered stock fell Friday after it reported a larger-than-expected underlying loss for the fourth quarter and disappointed investors when it failed to reinstate its dividend for the full-year.
Kraft Heinz's offer for Unilever boosted the FTSE 100 in London, but markets were in the red elsewhere.
A hawkish tone from Janet Yellen in Washington sent European markets surging on Wednesday.
Germany's DAX led the pack on Wednesday, with the CAC 40 and FTSE 100 in tow.
The emerging market bank has doubled down on shipping.
Department of Justice fines weigh on Deutsche Bank and Volkswagen.
These 13 stocks could see more pain than gain if interest rates are cut Thursday.
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