Stifel Acquires Barclays U.S. Wealth Division
It was rumored earlier this year that Barclays was looking for buyers of its wealth management arm. Stifel Financial Corp has agreed to purchase Barclays PLC’s U.S. wealth and investment management unit, (which More...
Lawsuit Filed Against Bulgarian Man Involved In Avon Stock Manipulation
Shares in Avon rose by 20 percent last month following a fake takeover bid. On Thursday The U.S. Securities and Exchange Commission accused a Bulgarian man and several other people from Sofia of submitting More...
Wendy’s Raises Earnings Target And Announces $1.4 Billion Buy Back
Whilst many fast food restaurants are struggling Wendy’s has raised its long-term earnings target. Wendy’s, the US’s third largest fast food store on Wednesday raised its long-term earnings growth More...
UK Government Plans To Further Reduce Stake In Lloyds Bank
The government has reduced it’s stake from 39% to 19% in Lloyds Bank. The British government announced on Monday that it will be continuing to sell its stake in Lloyds Banking Group whilst also offering some More...
Crude Oil See’s Biggest Gains In Two Months
Oil prices gained as much as 4.8 percent on Friday. Crude oil prices rose by almost 5 percent on Friday, their largest gain in nearly two months as a steady dollar and lower count of US oil rigs being operated spiked More...
Federal Reserve Won’t Take Long To Raise Rates: Janet Yellen
Following Janet Yellen’s latest words a rate hike looks likely towards the end of this year. The market could upset the applecart in the coming weeks with the Federal Reserve on track to hike interest rates More...