Still reeling from revelations that forced the resignation of its founder and chief executive, Lending Club said on Monday that it had received a subpoena from the Justice Department. The company, which serves as an online matchmaker between small-business borrowers...
In May of last year, Renaud Laplanche, the head of a fast-growing fintech company that had five months earlier listed on the New York Stock Exchange at a valuation of almost $9 billion, hosted a gaggle of clients and journalists...
A slew of housing data reports in the last week painted a hazy picture of the overall national market. But one clear message emerges from the fog: The West is showing some cracks. Pending home sales increased for the second...
Whether Craig Steven Wright is the creator of bitcoin that he claims to be, a potentially more important mystery remains: Where is the substantial pile of the initial digital currency he is believed to own and does the inventor plan...
Puerto Rico is dialing 9-1-1 for any help it can get. The island was unable to make a $422 million debt payment due Monday. It's another alarm bell of how bad the situation is getting on the island. Governor Alejandro...
The short answer is nowhere, assuming that by safe you mean an investment that will provide the return you seek without subjecting your principal to the possibility of loss. Indeed, it's safe to say you won't find any investment today...
Retirement is a major accomplishment. But you also have to decide what to do next. While the newfound freedom is exhilarating, many people don't know what to do with themselves in retirement. In many ways, retirement is like starting a...
Corporate borrowing costs are jumping from lowest since 2007 China firms canceled $9.6 billion of bond sales in April The unprecedented boom in China’s $3 trillion corporate bond market is starting to unravel. Spooked by a fresh wave of defaults...
Brace yourself. Going to a financial adviser can be like talking to a used car salesman. Some hustle you toward certain funds because they make more money that way. It's "legal larceny," says Robert "Bobby" Monks, an entrepreneur and author...
Bond investors in Venezuela have made a dispiriting discovery. Last week, traders started quoting prices on a $3 billion note issued by the nation’s state-owned oil company. While the eight-year securities were first sold in October 2014 under New York law, according...
Hedge funds are crowding into U.S. Treasuries, and that has bond traders bracing for more turbulence. While the Federal Reserve doesn’t break out hedge-fund ownership, a group seen as a proxy increased its holdings to a record $1.27 trillion in...
America's property market recovers gradually as prices Down Under surge. The property market is an animal almost every central banker is worried about and hardly anyone can control. As the Federal Reserve downshifts into go-slow mode while the European Central...
Bureaucrats who falsify economic data are more likely to win promotion. In theory Chinese officials receive promotions based on their performance against a range of targets: delivering strong growth, maintaining social stability and, until recently, enforcing the one-child policy have...
DeepMind’s artificial intelligence astonishes fans to defeat human opponent and offers evidence computer software has mastered a major challenge. Google DeepMind’s AlphaGo program triumphed in its final game against South Korean Go grandmaster Lee Sedol to win the series 4-1,...
UBS sounds the alarm on non-bank lending. Don't look at banks or the bond market to get a sense of when the credit cycle is turning or how bad the ensuing bust will be, according to UBS AG. "There has been...
