Latest Market News

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U.S. Treasury's Lew faults 'bad behavior' at Wells Fargo

NY (Reuters) – U.S. Treasury Secretary Jack Lew said on Tuesday national regulators had been correct to discipline Wells Fargo & Co for installing sham accounts without clients’ understanding, but stopped in short supply of calling for a clawback of pay from head of the unit where in fact the…

Wells Fargo to finish product sales goals for retail bankers

(Reuters) – Wells Fargo & Co , the greatest U.S. bank by market capitalization, said on Tuesday it can eliminate all income goals in retail banking, starting next year. Original source link

Hanjin Shipping protects $45 million, more might take 'considerable time'

SEOUL/SYDNEY (Reuters) – The chairman of Hanjin Group transferred 40 billion won ($36 million) to Hanjin Shipping on Tuesday to assist unload cargo stranded regarding the distressed shipper’s vessels, a spokesman said, but regulators warned securing further resources might take “time and effort”. Original supply link

Nvidia shows off smaller synthetic cleverness computer system for Baidu car

(Reuters) – U.S. chipmaker Nvidia Corp showed off on Monday an inferior plus efficient synthetic cleverness computer system for self-driving cars, saying it would run Baidu’s mapping and autonomous vehicle technology. Original origin link

HSBC retail mind sees more lender partnerships with monetary technology firms

TORONTO (Reuters) – HSBC’s retail financial and wide range administration mind John Flint expects banking institutions to lover much more with monetary technology (fintech) companies inside coming many years to greatly help meet changing demands from clients. Original resource link

U.S. regulator views no proof of Wells Fargo sales problem at various other banks

(Reuters) – the U.S. regulators just who fined Wells Fargo & Co over abusive sales techniques stated he views no proof of similar problems occurring at various other financial institutions “on almost any systematic foundation.” Supply link

Hanjin's autumn wont fix the worldwide shipping business's ills

CHICAGO (Reuters) – Following the failure of Hanjin Shipping Co Ltd , container shipping prices from Asia towards the United States spiked 50 per cent given that service’s clients scrambled for boats. Few shipping skillfully developed expect those price increases to repair what’s wrong aided by the business. Supply link

System failure led to foot-long gap in Southwest airliner: agency

(Reuters) – a motor failure on a Southwest Airlines Co jet on Aug. 27 released debris that tore a 5 inch by 16 inch (13 cm by 41 cm) gap inside jet before it made a safe emergency landing in Pensacola, Florida, U.S. crash detectives stated on Monday. Source website…

S&P 500 racks up sharpest increase since July

(Reuters) – U.S. shares racked up their particular strongest gain in 2 months on Monday after Federal Reserve Board Governor Lael Brainard stuck to the woman dovish stance on rates of interest and urged care about eliminating monetary stimulation prematurely. Resource link