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Irish banks may face pressure to write off loans

Bloomberg Irish banks are set to face mounting pressure from regulators to write off bad loans, a person familiar with the matter said. European authorities that now oversee the biggest Irish lenders have consistently pushed bankers to deal with the legacy of non-performing assets left over from the nation’s financial crash through measures such as loan sales. Regulators are beginning ...

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With no ‘JPMorgan of bitcoin’, exchanges struggle to win trades

Bloomberg Bitcoin needs “Downtown” Josh Brown more than he needs bitcoin. Brown, the chief executive officer of Ritholtz Wealth Management and author of a popular finance blog, has long been skeptical of the digital currency. He finally bought some, he said, “because the goddamn thing won’t go away.” Still, Brown, who helps manage half a billion dollars, isn’t really a ...

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Macy’s, Kohl’s renew fears of intractable retail slump

Bloomberg A fresh round of sales declines at Macy’s Inc. and Kohl’s Corp., though less severe than Wall Street had feared, is renewing concerns that the department-store industry can’t pull out of a crippling slump. Shares of both retailers declined last week after the quarterly results failed to assure investors that a comeback was taking hold. Same-store sales— a key ...

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