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Lawsuit claims hackers swiped law firm client's cash in email scam
Lawsuit claims hackers swiped law firm client's cash in email scam. Sinacom North America sued U.S. Law firm Clark Hill and one of its lawyers. The company says it was "duped by an obvious scam" to wire $1.1 million to scammers. Law firm says it will fight the claims.
Reuters · 6h ago
CORRECTED-BUZZ-Hertz extends slump as BofA joins bear camp, analysts slash PTs
Hertz's shares down 2.4% to record low of $4.57 on Fri. BofA Global Research downgrades to "underperform" from "" in wake of rental car firm's bleak report. Hertz on Thurs slumped 19.3% after posting wider-than-expected Q1 loss. Jefferies and JP Morgan cut their PTs for Hertz.
Reuters · 8h ago
BUZZ-Hertz extends slump as BofA joins bear camp, analysts slash PTs
Hertz's shares down 2.4% to record low of $4.57 on Fri. BofA Global Research downgrades Hertz to "underperform" from "" in wake of rental car firm's bleak report. Rental car firm posted wider-than-expected Q1 loss and announced plans to sell more electric vehicles. Jefferies and JP Morgan cut their PTs for Hertz's stock.
Reuters · 8h ago
RPT-BREAKINGVIEWS-Vote no to bashing proxy advisers
Breakingviews: JPMorgan CEO Jamie Dimon bashes proxy advisers in annual letter to shareholders. John Foley says proxy advisers punch above their weight in influencing how companies and investors behave. He says their impact is problematic, but they are the problem. Proxy advisers' views directly affect Dimon and his counterparts, he says.
Reuters · 11h ago
ANALYSIS-Investors brace for 5% Treasury yields as US inflation worries mount
Investors are preparing for the 10-year U.S. Treasury yield to breach a 16-year high of 5% hit last October. The yield on the benchmark ten-year is up 80 basis points this year as inflation worries mount. Bearish Treasury positioning among some hedge funds is at its highest level of the year.
Reuters · 18h ago
BANK OF AMERICA CORP - DECLARED A REGULAR QUARTERLY CASH DIVIDEND ON BANK OF AMERICA COMMON STOCK OF $0.24 PER SHARE
Reuters · 1d ago
UPDATE 1-BGC Group's FMX Futures gets funding from banking consortium
BGC Group's FMX Futures gets funding from banking consortium. The exchange platform will rival CME Group in the interest rates derivatives market. FMX is expected to launch in September 2024. The consortium includes Bank of America, Citigroup and Goldman Sachs. BGC Group says its exchange platform valued at $667 million.
Reuters · 1d ago
UPDATE 2-BGC Group's FMX Futures takes aim at 'heavyweight champ' CME
BGC Group's FMX Futures platform joins forces with Wall Street's biggest banks to take on CME Group. FMX currently offers trading in cash U.S. Treasuries and spot currencies. Group of financial firms including Bank of America make minority equity investments in FMX. FMx aims to compete with CME in the interest rates derivatives market.
Reuters · 1d ago
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