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US said seeking more than $10bn from BNP Paribas

Piggy Bank

U.S. authorities are seeking more than $10bn from BNP Paribas to settle federal and state investigations into the lender’s dealings with sanctioned countries including Sudan and Iran, according to a person familiar with the matter.

Larry Fink wrong, leveraged ETFs are 'sound': Pro

Larry Fink Interview Pic

BlackRock CEO Larry Fink was wrong when he slammed leveraged exchange-traded funds, Luciano Siracusano, chief investment strategist at Wisdom Tree Investments, told CNBC Thursday. In fact, he believes they can be very useful when used properly.

John Mack to step down at Rosneft

John Mack Interview Pic

John Mack, the former chief executive officer of Morgan Stanley, said he’s leaving the board of Russian oil producer OAO Rosneft, a month after the U.S. sanctioned the firm’s CEO.