Money manager will shed about 3% of its staff with the aim of reinvesting in businesses where it sees growth
Strategies revised in response to more challenging market conditions
Concerns over funding costs and credit quality linger ahead of quarterly results
The senator wants Treasury to enhance fraud protection in the Direct Express prepaid program — now a partnership with Comerica Bank — when its contract is rebid in 2020.
The central bank’s investments under its quantitative easing program have put its balance sheet in the red under mark-to-market accounting, another potential risk for an agency already under political fire.
Housing and auto sales are just the first sectors to feel pain from rising rates; BlackRock may have identified its next CEO.
Bank downgrades or outlook revisions could be triggered if the UK’s exit from Europe is chaotic, ratings agency says
Campaigns targeted 226 companies as drive for better returns spurs new tactics
Minutes from last month’s meeting highlight policymakers’ difficult balancing act
Come and have a go if you think you’re hard enough.