UBS, Credit Suisse likely need 10 billion Swiss francs in new capital

Here’s what could take S&P 500 to new high and beyond, says Bob Pisani
CNBC’s Bob Pisani describes the deciding factors that could take the S&P to a new high.

Cramer: ‘I’m more constructive than most’ on the market
Despite Friday’s sell-off, Jim Cramer says he is “more constructive than most” on the market.

Early movers: HRB, URBN, MFRM, TSLA, MBLY, AMZN, AMAT, VIAB and more
Names on the move ahead of the open.

Bill Gross: Negative yields are $10 trillion ‘supernova’ set to ‘explode’
Bond guru Bill Gross believes the growing global move toward negative yields will have dire consequences.

Gold is sending a warning signal: Bouroudjian
Here’s why gold’s move higher could stop any move up in stocks, says insider Jack Bouroudjian.

Where I’m finding good yield: Ladenburg Thalman’s Phil Blancato
Ladenburg Thalmann Asset Management CEO Phil Blancato reveals his picks for those searching for yield.

People are still angry at Wall Street, and it may be hurting recruiting
Public opinion of big banks fell after the financial crisis; is it also keeping talent away from Wall Street?

Negative interest rates a big boon to US bonds
Negative rates are creating financial turmoil around the world and opportunity in the U.S.

Blackrock: What you should take away from Icahn, Soros bearishness
We might be at the very end of this economic cycle, and Carl Icahn and George Soros signaled it, Blackrock’s Jeff Rosenberg says.

Three reasons why gold won’t tank
The gold rally may have been sharp, but UBS’s Mark Haefele says the precious metal will maintain its shine for the next 12 months.

Early movers: SJM, TPX, RH, QCOM, FIT, SYY, LNKD, P, MTN, BSX & more
Names on the move ahead of the open.

Lending Club website goes down, cites data center outage
The website for LendingClub, which recently said an internal probe found it had falsified documentation, went down Wednesday afternoon.`

Paris prepares red carpet for British bankers threatened by Brexit
Paris is preparing a warm welcome for City of London bankers that it says will have to move to the continent if the UK votes to leave the EU next month.

Morgan Stanley pays $1M fine over stolen customer data
Morgan Stanley has agreed to pay a $1 million fine to settle U.S. Securities and Exchange Commission civil charges.

Public markets are dead, says venture capitalist
IPOs are not really an alternative for start-ups, Greycroft’s Patricof says.

Once-highflying hedgie gets snared in corruption probe
A former hedge fund manager has been charged with a union official in a case involving kickbacks and a pension fund.

Morgan Stanley pays $1 million SEC fine over hacked customer data
Morgan Stanley agreed to pay a $1 million fine to settle SEC charges that security shortfalls that led to a hack.

Bob Doll: Two reasons why Trump is worse for markets than Hillary
A Hillary Clinton presidency would do less damage than a Donald Trump one, Nuveen Asset Management’s Bob Doll says.

Wilbur Ross reportedly takes big cut to save his firm
Billionaire distressed asset investor Wilbur Ross had to make a very tough call recently, according to the New York Post.

Fund manager’s warning to traders: You’re getting the Fed all wrong
The market is miscalculating when the Fed will hike interest rates, according to Matarin Capital hedge fund manager Nili Gilbert.

Early movers: LULU, AAPL, YHOO, PLCM, LUV, AMZN, LC, PLAY, PAY & more
Names on the move ahead of the open.

Ousted LendingClub CEO looking at buying the company: Sources
Ousted LendingClub CEO and co-founder Renaud Laplanche has been speaking to private-equity firms and banks about financing a potential buyout.

Six warning signs to heed before buying financial stocks
As the worst-performing sector this year, financials might make a tempting target for value-hunting investors.

Suzuki chairman to step down as CEO over false tests
Suzuki Motor Corp’s Chief Executive and Chairman Osamu Suzuki will give up his CEO title while Osamu Honda will retire.

Proceeds of a $3B 1MDB bond sale didn’t pass through here: Singapore
The proceeds of a $3 billion bond sale by Malaysia’s 1MDB didn’t pass through any Singapore bank, the island’s central bank said.

F5 Networks hires Goldman Sachs to field takeover interest: Sources
F5 Networks has tapped Goldman Sachs to handle takeover approaches, according to sources familiar with the matter.

On Deck and Intuit run joint fund to back loans
The companies invested in a fund, named for Knight of the Round Table, backing loans they teamed to originate.

China clamping down on foreign investments in start-ups
Regulators barred a U.S. private equity firm from taking a piece of a hot fintech start-up.

The central bank that cried wolf: The Fed’s credibility gap is getting wider
If Fed policy was a fairy tale, the title might be “The Central Bank That Cried Wolf.”

Cramer: Everybody at the Fed has egg on their face, except Yellen
Fed officials looked like fools after Friday’s weak jobs report, but Janet Yellen did not, CNBC’s Jim Cramer says.

The Fed is overshadowing the market right now, Jim Grant says
The Fed’s role in financial markets has grown too large, legendary investor Jim Grant says.

Here’s how GE is using software to change its business model
Digital technology has become more pervasive on the industrial side of the economy, and GE has been in the forefront.

After scandal, Sequoia no longer has board seat on Elevate
Sequoia lost its position on Elevate’s board after the lawsuit against partner Michael Goguen.

Here’s where fintech is heading next
Fintech has created a host of start-ups intent on stealing market share from old-school banks, but there are plenty of obstacles.

On Deck and Intuit run joint fund to back loans
The companies invested in a fund, named for Knight of the Round Table, backing loans they teamed to originate.

Here’s what it looks like when you do a $62-million mansion tear-down
Ever wonder what a destroyed house in the Hamptons looks like? Check this out.

Janet Yellen probably just signaled two rate hikes this year
If Janet Yellen has her way, there likely will be two rate hikes this year, contrary to current market expectations.

Regulations threaten to stunt new financial-tech start-ups
Fintech companies want a less-regulated environment to test new consumer products.

Fed’s Yellen: Don’t overreact to jobs report
Fed Chair Janet Yellen struck a generally positive tone on the U.S. economy — despite Friday’s weak jobs report.

New York state launches inquiry of online lenders
New York’s financial regulator sent a letter to companies this week requesting information about their online lending activities.

Looking for a payday loan? Here’s where you may need to turn
Start-ups have been given an opportunity to expand their consumer base.

Billionaire hedge fund manager tears down his $62 million mansion
Sick of your multimillion-dollar home? You could tear it down, as Steve Cohen did, according to the NY Post.

Fintech firm Vouch falls victim to funding climate: Report
Another fintech start-up has run in to trouble. Online lender Vouch Financial is shutting down, reports said.

Fed’s Bullard: Chances of a June hike much lower
It’s a “fair assessment” that the chances of a June rate hike are now much lower, the St. Louis Fed’s James Bullard said.

All eyes on Yellen for rate-hike signals after payroll shocks
Investors will be looking for signals from the Fed chair about the U.S. central bank’s next rate move after shockingly weak payroll data.

Early movers: WMT, EAT, WFM, GOOGL, VIAB, HOG, BLK, HOT, CAB & more
Names on the move ahead of the open.

Your first trade for Monday, June 6
The “Fast Money” traders share the moves they’d make on Monday.

Fed’s Rosengren points to nonfarms, hints at no June rate hike
Last month’s poor employment report might give the Federal Reserve pause, says Boston Fed President.

Goldman Sachs attracts 250,000 student job applications
The numbers show Goldman Sachs is attracting far more would-be bankers than they could ever employ, the FT reports.

Matt Damon on Wall Street’s ‘heist’: Elizabeth Warren’s coming for you
Matt Damon excoriated banks and gave a thinly veiled endorsement to Mass. senator Elizabeth Warren.