Global IPOs are up 26% YTD; US IPOs account for 36%; Twitter is Largest Tech IPO since Facebook.
Goldman Sachs has said it’s under investigation by regulators probing the potential manipulation of foreign-exchange rates.
Currency traders from Deutsche Bank to HSBC, after enjoying a boom just a few months ago amid speculation the Federal Reserve was preparing to pare its record stimulus, are again seeing their profits squeezed.
Goldman Sachs and other underwriters on Twitter’s initial public offering will share about $59.2m for managing the sale after accepting one of the smallest fee rates for a U.S. IPO this year.
Just a month after many people predicted its demise, the virtual currency climbed to a record $273.50.
The Bank of England (BoE) left interest rates at a record low of 0.5 percent and its asset purchase target unchanged at £375 billion as expected on Thursday.
No sweet talking now.
In the money.
Commerzbank, the bank that plans to cut 5,200 jobs by 2016, said two executives will leave its management board as part of the reductions.
Charged with providing insider information to SAC Capital, former sell-side analyst Sandeep Aggarwal, is scheduled to appear in court to enter a guilty plea.
Deutsche Bank said trading income rose 7% in the third quarter as co-Chief Executive Officer John Cryan’s clean-up of the bank’s books leads to the largest three-month loss in at least a decade.
The Federal Reserve on Wednesday kept interest rates unchanged at their record low of near-zero, but raised the likelihood of a rate hike in December by dropping previous warnings about the fragility of the global economy.
A German vacuum cleaner maker is threatening to sue Dyson over allegations that it manipulated energy-efficiency tests.