After filing for bankruptcy protection in an Ontario court last month, Sears Canada said Friday that it plans to dole out big bonuses to senior management while the retailer trudges through a painful restructuring, even as thousands of laid-off workers aren't being paid promised severance.
HSBC has a shaky relationship with regulators.
Back in 2012, the bank admitted that it helped Mexican drug cartels launder money and did business with Iran and other sanctioned nations. To avoid charges, it signed a deferred prosecution agreement (DPA) with the U.S. Department of Justice which required it to improve its internal controls and submit to an outside monitor.
Authored by Lance Roberts via RealInvestment Advice.com,
As I noted in yesterday’s missive, Yellen’s recent testimony on Capitol Hill sent robots frantically chasing asset prices on Thursday even before testimony began. The catalyst was the release of prepared testimony which included this one single sentence:
Overheard everywhere today...
Stocks (Dow and S&P) hit record intraday highs... (must mean everything is awesome, right?)
Since President Trump's election, global equity markets have added more absolute value than at any time in history (around $12 trillion) - surpassing the front-running exuberance that started when Bernanke hinted at QE2 in 2010.
The value of global equity markets reached a record high $76.28 trillion yesterday, up a shocking 18.6% since President Trump was elected. This is the same surge in global stocks that was seen as the market front-ran QE2 and QE3