Financial Services

U.S. Economy

Federal Reserve Chairman Jerome Powell signaled the central bank was prepared to cut interest rates if needed to cushion the economy against the effects of a widening global slowdown.


Shares of global banks fell into correction territory this week, reflecting fears that financial institutions could take a hit if coronavirus continues to spread.


Banks with heavy exposure to Europe and Asia have warned profits could be hit by the coronavirus outbreak as they tell employees to restrict travel and initiate special measures to help customers.


The Canadian bank posted higher profit for its fiscal first quarter as net interest income rose, though lower trading commissions in TD Ameritrade weighed on its U.S. retail segment.


The industry has offered some of the past decade’s best investment opportunities. Now, however, the prognosis looks shaky.


Governments are increasingly relying on machine learning and data analytics to analyze troves of data as they seek to detect tax evasion, respond to taxpayers’ questions and make themselves more efficient.

Heard on the Street

Investors like catastrophe bonds as an asset class uncorrelated with the markets they typically invest in. In moments of extreme stress, pandemic bonds can’t offer that.


The toy maker said it resolved an accounting error after an internal probe last year; SEC and federal prosecutors want a closer look.


A top Fed official says it is too early to tell whether the coronavirus outbreak will force the central bank to resume rate cuts in the coming months.


The Canadian bank logged a 5.4% rise in its fiscal first-quarter profit thanks in part to a lift in revenue and a solid period for loan and deposit growth and its capital markets arm.