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US stocks open higher as intense week kicks off

Bloomberg US equities opened tentatively higher and European stocks rose as investors eased into a hectic week, during which three major central banks set interest rates, President Donald Trump meets North Korea’s leader and Brexit returns to the fore. The S&P 500 Index gained a bit at the start of trading, led by financials, while the dollar rose with Treasury ...

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Cryptocurrencies lose $42 billion after S Korean bourse hack

Bloomberg The 2018 selloff in cryptocurrencies deepened, wiping out $42 billion of market value over the weekend and extending this year’s slump in Bitcoin to more than 50 percent. Some observers pinned the latest retreat on an exchange hack in South Korea, while others pointed to lingering concern over a clampdown on trading platforms in China. Cryptocurrency venues have come ...

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BofA taps brakes on risk-taking spurring banker departures

Bloomberg The message came from one of Bank of America Corp’s (BofA) most powerful board members across large video screens: “We’re not going to do anything crazy to the customer — and we’re not going to do anything crazy for the customer.” The declaration by Frank Bramble Sr. kicked off the firm’s shareholder meeting in April. It wasn’t just for ...

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