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May 6, 2015 Los Angeles sues Wells Fargo, alleging fraud by employees

Source: SF Gate

LOS ANGELES — Wells Fargo Bank employees driven by strict sales pressure issued unwanted credit cards and opened unauthorized accounts that charged customers fees and damaged their credit, according to a lawsuit filed by the city...

May 5, 2015 Wall Street ends on upbeat earnings from Berkshire, Cognizant(Monday)

Source: Reuters

Wall Street ended higher on Monday as corporate earnings came in better than feared, although shares of McDonald's declined after the fast-food chain's turnaround plan left investors wanting more.

May 5, 2015 Fed loan officer survey cites expected credit trouble in energy sector

Source: Reuters

Bank lending officers said they expect more bad loans among companies in the energy sector, and have begun taking steps to protect against the downturn among oil and gas companies, according to a Fed survey released on Monday.

May 5, 2015 Renewable energy target deadlock set to give way to compromise deal (Australia)

Source: The Guardian

But long months of political haggling and the reduced quantity of renewable energy required under the compromise policy mean its biggest beneficiary is likely to be windfarms – which are bitterly opposed by some Coalition MPs and...

May 5, 2015 UBS expects forex-rigging settlement with US as profits surge

Source: The Guardian

UBS has said it is in advanced talks with the US Department of Justice to settle allegations of foreign exchange market rigging, as Switzerland’s biggest bank by assets posted forecast-beating first-quarter earnings.

May 5, 2015 Greece vows to pay debts as it awaits handout from international creditors

Source: The Guardian

Greece has vowed to honour heavy debt repayments over the coming weeks but says it is counting on international creditors to release billions of euros in rescue funds before the end of the month as crisis talks between the two...

May 5, 2015 Fed's Evans: rate hikes could start sooner, if kept slow

Source: Reuters

With U.S. inflation uncomfortably low and the unemployment rate still too high, the Federal Reserve should hold off on raising short-term interest rates until early next year, a top Fed policymaker said on Monday. Still, Chicago...

May 4, 2015 Municipal Bonds In 2015: Time To Get Back To Basics

Source: Seeking Alpha

After a very challenging year for the municipal bond (muni) market in 2013, munis staged a dramatic comeback in 2014, outperforming nearly all other asset classes, including U.S. Treasurys, investment-grade and high-yield...

May 4, 2015 Warren Buffett versus the hedge funds

Source: Financial Times

With three years to go, Warren Buffett is comfortably winning his charity bet that a low-cost index tracker would trounce a portfolio of hedge funds over ten years

May 4, 2015 'Warning lights' flash over Greece and France as manufacturing stumbles

Source: Telegraph(UK)

Warning lights are flashing over the Greek and French economies, analysts said on Monday, after a closely-watched manufacturing survey showed both nations remained "mired in contraction" in April.

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