Analysts told Bloomberg that the increases in chief executive officers of the top banks in the US usually means that the banks had performed above expectations.
Industry
African mineral exploration poised to drop amid lack of funding sources
African mineral exploration activity is poised to drop by 15% to 20% in 2014 as sources of funding have dried up due to difficult economic problems, according to David Cox, senior sales executive of SNL Metals Economic Group.
Academic says private equity fees not properly characterized for tax purposes
University of North Carolina Professor Gregg D. Polsky wrote in the February 3 edition of Tax Notes that payments given by companies to their private equity owners are not characterized properly for tax purposes, The New York Times The Dealbook reported.
Wall Street suffers worst drop since June after weak data
U.S. stocks slumped on Monday, with the S&P 500 suffering its worst drop since June, after weaker-than-expected data on the factory sector in the world's largest economyprovided investors with the latest reason to move away from riskier assets.
Stock investors need to take pointers from private equity to be successful - report
According to a report on Benzinga by Tim Melvin, individual investors may want to heed to private equity firms' strategies with regard to investing assets, citing the industry's record gains it posted last year.
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High-end luxury brands might be able to demand their preferred deal prices as Asian, Middle Eastern and private equity buyers scramble to acquire a share in the profitable luxury goods market.
The mergers and acquisitions activity in the Southeastern portion of the US rose 17% last year, according to data from Mergermarket Group news service, The Tennessean reported.
Interest in lower end market deals in Europe by foreign investors had been seen growing, according to the latest data released by Mergermarket. Almost a third of the 169 deals involving foreign investors seen last year were made in the UK, with Germany and Spain a distant second and third.
Flappy Bird, a mobile game created by Hanoi-Vietnam-based developer Dong Nguyen of dotGears Studios, hit the top spot of free mobile apps in the Google Play and iOS app stores, mainly because it is very challenging and frustrating.
A venture capitalist is urging Asian investors to consider placing bets in evergreen funds, and said that these type of funds are a good fit for them.
A surge in hiring former Wall Street professionals to top positions in sports leagues such as NFL has been seen in recent times, thanks to the fact that sports leagues like the NFL are billion-dollar generating enterprises.
Mountain View, California-based personal finance app Mint is integrating with San Francisco-based bitcoin wallet service Coinbase to help clients track their bitcoins along with their other financial accounts.
A growing number of hedge funds and institutional investors are acquiring non-performing loans from banks and federal agencies who can no longer keep them due to expensive holding costs of such loans, Bloomberg said in its report.
Bitcoin' chances to get recognition as a legal form of money or payment has been slimmed down again when a top foreign currency in Sweden, SEB AB, denied its clients' requests to open accounts in the bank to manage Bitcoins the latter owned.
