Finance news

• Brexit boost for London as Bank of America Merrill Lynch eyes new City base

  04-02-2017 23:00 via news.yahoo.com
  
  Wall Street giant Bank of America Merrill Lynch has kicked off its search for a vast new London office, in what will be seen as a major vote of confidence in the capital as the UK prepares for Brexit. The bank has hired property agents CBRE to identify sites in London as big as 500,000 square feet – similar in size to its current premises, which serve as the bank’s European headquarters. BAML has to decide by 2020 whether to roll over the lease or move elsewhere.
  
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• Wall St. lending to Main St. even as many decry Dodd-Frank

  04-02-2017 20:34 via news.yahoo.com
  
  NEW YORK (AP) — President Donald Trump has wasted little time in beginning a push to reverse the stricter banking regulations enacted after the 2008 financial crisis. Trump has branded the Dodd-Frank Act "a disaster" — a regulatory overreach that slowed the economy and stifled lending to consumers and businesses.
  
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• Macron offers refuge in France to U.S. scientists, entrepreneurs

  04-02-2017 19:10 via news.yahoo.com
  
  French presidential candidate Emmanuel Macron on Saturday called on U.S. scientists, academics and entrepreneurs at odds with Donald Trump's administration to move to France. The former economy minister, one of the frontrunners in the upcoming presidential election, urged U.S.-based scientists working on climate change, renewable energy or health issues who were wary of the new political situation to seek refuge across the Atlantic.
  
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• Germany's Schaeuble wants 'reasonable' Brexit deal for London

  04-02-2017 13:04 via news.yahoo.com
  
  The City of London offers financial services that benefit Europe as a whole and the European Union should recognise that in a "reasonable" Brexit deal with Britain, German Finance Minister Wolfgang Schaeuble said in a newspaper interview. "We don't want to punish the British for their decision," Schaeuble said in a pre-released interview with the Sunday edition of Tagesspiegel. "We want to keep Britain close to us." "London's financial centre serves the whole European economy," he added.
  
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• Trump attacks restrictions on big banks, retirement advisers

  04-02-2017 09:45 via news.yahoo.com
  
  President Donald Trump has launched his long-promised attack on banking rules that were rushed into law after the nation's economic crisis, signing new orders after meeting with business and investment ...
  
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• Telecom Italia reports 14 percent rise in core earnings

  04-02-2017 00:57 via news.yahoo.com
  
  By Agnieszka Flak MILAN (Reuters) - Telecom Italia on Friday posted a better than expected 14.4 percent rise in full-year core earnings, helped by cost cuts and its domestic operations returning to growth. Italy's biggest phone group also said it would spend around 11 billion euros (9 billion pounds) in its home market over the next three years, with 5 billion euros of the total going on speeding up the installation of a nationwide ultrafast broadband network. Outlining its 2017-19 business plan
  
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• Highlights: The Trump presidency on February 3 at 6:25 P.M. EST/2325 GMT

  04-02-2017 00:56 via news.yahoo.com
  
  Trump orders reviews of major banking rules put in place after the 2008 financial crisis, drawing fire from Democrats who said his order lacked substance and squarely aligned him with Wall Street bankers. Wealth managers from Wall Street to Wisconsin have spent the last six years lobbying against the retirement advice rule that Trump began killing off with a swipe of his pen. The United States ratchets up pressure on Iran, putting sanctions on 13 individuals and 12 entities days after the White
  
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• Snapchat haters and lovers: a history

  04-02-2017 00:31 via news.yahoo.com
  
  Snap Inc. is the shiniest thing on Wall Street right now. But it wasn't always like that. As recently as a year ago, Snapchat was a roll-your-eyes startup. To the biggest names in tech, advertising, and media, Snapchat was "too confusing"—just a "sexting" app and simply "overhyped."  SEE ALSO: Our first look at Snapchat's biggest risks and most powerful enemies Chris Sacca, an early stage investor in Uber, Twitter, Instagram and Kickstarter, had been approached by the company in its y
  
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• Trump launches his attack on banks' financial restraints

  04-02-2017 00:28 via news.yahoo.com
  
  WASHINGTON (AP) — President Donald Trump launched his long-promised attack Friday on banking rules that were rushed into law after the nation's economic crisis, signing new orders after meeting with business and investment chiefs and pledging further action to free big banks from restrictions. Wall Street cheered him on, but Trump risks disillusioning his working-class voters.
  
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