International Business News - BSC http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of investment banks fell Friday as the broader markets wavered when worries over rising oil prices outweighed a surprise jump in April home construction data. http://www.ibtimes.com/articles/20080516/closing-glance-investment-banks-fall.htm Fri, 16 May 2008 16:07:40 EDT Lehman Brothers Holdings Inc. will begin to cut about 5 percent of its staff on Monday as part of an overall plan to streamline its balance sheet amid further turbulence in the financial markets, said a person familiar with the plan. http://www.ibtimes.com/articles/20080516/lehman-brothers-set-to-cut-5-percent-of-staff.htm Fri, 16 May 2008 14:23:28 EDT Shares of investment banks fell Friday morning as broader markets declined amid concern surrounding oil prices reaching a new record. How shares of major investment banks fared: http://www.ibtimes.com/articles/20080516/opening-glance-investment-banks.htm Fri, 16 May 2008 10:11:01 EDT Shares of investment banks mostly rose Thursday as broader markets posted gains after oil prices retreated and new data showed the economy is struggling but not as badly as it was a couple months ago. http://www.ibtimes.com/articles/20080515/closing-glance-investment-banks-rise.htm Thu, 15 May 2008 16:28:33 EDT JPMorgan Chase & Co. says the Securities and Exchange Commission may bring civil charges against the bank related to the bidding of instruments tied to municipal bonds. http://www.ibtimes.com/articles/20080513/sec-notifies-jpmorgan-of-possible-charges.htm Tue, 13 May 2008 10:35:46 EDT JPMorgan Chase & Co.'s chief executive said Monday that while the crisis in the credit markets appears to be three-quarters over, he believes a U.S. recession is just beginning. http://www.ibtimes.com/articles/20080512/jpmorgan-chase-ceo-recession-is-just-beginning.htm Mon, 12 May 2008 14:30:40 EDT Shares of investment banks rose Monday morning as broader markets increased modestly and London-based HSBC Holdings PLC said first-quarter profits improved despite the bank still taking a mortgage-related write-down. http://www.ibtimes.com/articles/20080512/opening-glance-investment-banks-rise.htm Mon, 12 May 2008 10:10:14 EDT Shares of investment banks fell early Friday morning as insurer American International Group Inc. said it lost $7.81 billion during the first quarter because of continued weakness in the credit markets. http://www.ibtimes.com/articles/20080509/opening-glance-investment-banks-fall.htm Fri, 09 May 2008 10:03:47 EDT The Securities and Exchange Commission or some other financial regulator should be given clear authority to oversee all operations of Wall Street's largest investment banks, SEC Chairman Christopher Cox said Wednesday. http://www.ibtimes.com/articles/20080507/secs-cox-calls-for-better-oversight-of-wall-street-banks.htm Wed, 07 May 2008 18:06:51 EDT President Bush and Congress are clashing over how to address the housing crisis, clouding the prospects of an election-year rescue package. Bush said Wednesday he would veto Democrats' broad housing aid plan, saying it wouldn't help struggling homeowners. http://www.ibtimes.com/articles/20080507/conflict-over-housing-crisis-threatens-rescue-package.htm Wed, 07 May 2008 16:15:18 EDT President Bush and Congress are clashing over how to address the housing crisis, clouding the prospects of an election-year rescue package. Bush said Wednesday he would veto Democrats' broad housing aid plan, saying it wouldn't help struggling homeowners. http://www.ibtimes.com/articles/20080507/comflict-over-housing-crisis-threatens-rescue-package.htm Wed, 07 May 2008 16:10:00 EDT The Bear Stearns Cos. shareholders suing JPMorgan Chase & Co. over its planned takeover of the investment bank have withdrawn their request for an injunction to stop JPMorgan from voting its Bear shares in favor of the deal, JPMorgan confirmed in a regulatory filing Wednesday. http://www.ibtimes.com/articles/20080507/bear-holders-withdraw-injunction-request-in-jpmorgan-suit.htm Wed, 07 May 2008 14:52:09 EDT Amid distress in the credit markets, Congress is examining the regulation of Wall Street investment banks by the Securities and Exchange Commission and considering whether it should be tightened. http://www.ibtimes.com/articles/20080507/congress-looks-at-sec-oversight-of-wall-st-banks.htm Wed, 07 May 2008 06:23:23 EDT Just how serious was Microsoft Corp. about raising its bid to $47.5 billion for slumping Internet pioneer Yahoo Inc.? The answer is taking on greater importance as more outraged Yahoo shareholders threaten to sue the company's board _ or try replacing the 10 directors _ for the way they responded to Microsoft's sweetened offer. http://www.ibtimes.com/articles/20080507/ap-sources-give-inside-look-at-microsofts-raised-yahoo-bid.htm Wed, 07 May 2008 00:56:01 EDT Shares of investment banks fell Tuesday as UBS said it lost $11 billion during the first quarter and Merrill Lynch & Co. said the amount of risky assets it has on its books increased during the first quarter. http://www.ibtimes.com/articles/20080506/sector-snap-investment-banks-fall-following-ubs-loss.htm Tue, 06 May 2008 11:55:44 EDT The Federal Reserve's decision Friday to lend more to banks may be a sign that policy makers want to avoid cutting interest rates any further, as they combat a credit crisis that is far from over. http://www.ibtimes.com/articles/20080502/fed-likely-to-prefer-lending-over-interest-rate-cuts.htm Fri, 02 May 2008 18:08:46 EDT Shares of investment banks finished mixed Tuesday as new data indicated mortgage and housing markets continue to deteriorate and a day before the Federal Reserve Board announces if it will continue to slash interest rates. http://www.ibtimes.com/articles/20080429/closing-glance-investment-banks-finish-mixed.htm Tue, 29 Apr 2008 16:08:43 EDT Shares of investment banks mostly fell Monday morning as banks await the Federal Reserve Board's meeting later this week. The Fed could decide to continue reducing interest rates and provide further insight into the deterioration of the credit markets. http://www.ibtimes.com/articles/20080428/opening-glance-investment-banks-mostly-fall.htm Mon, 28 Apr 2008 10:10:51 EDT Shareholders of Bear Stearns Cos. will be asked to vote on the proposed deal to sell the company to JPMorgan Chase & Co. at a special meeting on May 29, the investment bank said Monday. http://www.ibtimes.com/articles/20080428/bear-stearns-shareholders-to-vote-on-jpmorgan-offer-may-29.htm Mon, 28 Apr 2008 09:23:39 EDT Risks to banks have declined in recent months because of easing credit, government intervention and new investments in the banks themselves, a UBS analyst said Friday. http://www.ibtimes.com/articles/20080425/analyst-credit-market-risks-to-banks-could-be-declining.htm Fri, 25 Apr 2008 12:56:39 EDT