Bank of America Corp’s (BAC.N) Merrill Lynch unit admitted to misleading brokerage customers about which firms processed their trades and agreed to pay a $42 million fine under a settlement with the U.S. Securities and Exchange Commission announced on Tuesday. The settlement follows a ...Read More

As trade tensions heat up between the U.S. and China, longtime Goldman Sachs (GS) CEO Lloyd Blankfein commented that he doesn’t think we’re in a “suicide pact” that will cause the economies to collapse. The tough talk on trade intensified this week, when President Donald ...Read More

Square’s market capitalization is about to overtake the combined value of financial stalwarts Nasdaq and Cboe, which operate some of the world’s most important exchange-trading platforms. The San Francisco-based firm’s share price has more than doubled in the past year, reaching a record high ...Read More

JP Morgan’s chairman of Australian operations has resigned from his directorships at the country’s bourse and sovereign wealth fund citing complications arising from a criminal prosecution over a stock issue the investment bank was joint-lead on. In an unprecedented move, Australian authorities earlier this ...Read More

“Our view is that all fiat currency will be crypto,” Jeremy Allaire, who co-founded Circle in 2013, told CNBC. Circle recently said it wants to introduce a new cryptocurrency pegged to the U.S. dollar, called “USD Coin.” Allaire said that the aim of the ...Read More

It wasn’t the first time there was a fire reported at a Tesla facility: as we noted at the time, there was another one just two months ago… It was, however, the first time that Elon Musk directly blamed the Tesla fire, which supposedly ...Read More

John McAfee, of McAfee antivirus software fame, is turning his back on ICOs. Once a promoter of cryptocurrencies and initial coin offerings, McAfee took to Twitter Tuesday to explain why he would no longer recommend ICOs. Replying to a Twitter user who asked McAfee to “advise ...Read More