Sponsored by Credit Suisse

BP expects the total bill for the clean up of the Gulf of Mexico oil spill to be $3-6 billion, an analyst briefed by the oil giant's Chief of Staff said in a research note on Friday.

UK insurer Prudential Plc is pulling out of its bold $35.5 billion takeover of AIG's Asian life insurance arm, ending a 3-month battle with shareholders who had argued the deal was over-priced.

Hedge fund firm Man Group raised hopes it had finally stemmed client outflows and unveiled plans to launch new funds aided by its $1.6 billion purchase of smaller rival GLG last week, boosting its shares.

Worries over the euro zone's debt crisis hammered Asian stocks to their lowest in more than eight months and sent the euro down, struggling to stay above the previous day's four-year low as political divisions and fears of more market regulation kept investors on edge.

The euro erased initial gains and edged lower on Thursday to trade above the previous day's four-year lows as political divisions in Europe and fears of more market regulation kept investors on edge and pressured stocks.

The euro erased initial gains and edged lower on Thursday to trade above the previous day's four-year lows as political divisions in Europe and fears of more market regulation kept investors on edge and pressured stocks.

The New York attorney general has begun an investigation into eight banks to determine whether they provided misleading information to agencies that rate mortgage securities, The New York Times reported on Thursday.

British insurer Prudential Plc fueled worries over its planned $35.5 billion acquisition of AIG's Asian unit as a last-minute regulatory delay forced it to put on ice its bumper cash call.

British insurer Prudential Plc fueled worries over its planned $35.5 billion acquisition of AIG's Asian unit as a last-minute regulatory delay forced it to put on ice its bumper cash call.

Swiss bank UBS' top managers reported a sea change in client confidence that should stem outflows of client cash by the end of this year.

UBS boss Oswald Gruebel predicted moderate asset withdrawals in the short term as the Swiss bank's forecast-beating quarterly results gradually start to boost client confidence and wealth advisors' morale.

UBS boss Oswald Gruebel signaled his strategy to regain clients' trust may be starting to work as withdrawals slowed and the bank delivered its strongest quarterly profit since the crisis started.

Switzerland's UBS , looks set to top analysts' expectations next week by posting a first-quarter net profit of between 2.2 billion Swiss francs and 2.5 billion Swiss francs ($2.0 billion to $2.3 billion), a Swiss newspaper reported without citing sources. UBS, which said last month its pretax profit would be at least 2.5 billion Swiss francs, is seen swinging to a fi...

No. 2 U.S. homebuilder D.R. Horton Inc reported a quarterly profit and a sharp increase in orders on Friday, surprising Wall Street and sending shares up across the sector.

AOL Inc reported a lower first-quarter profit on declines in revenue and advertising sales as it continues to restructure as an independent company.

The U.S. Federal Reserve opened a two-day meeting on Tuesday that is widely expected to end with a decision to leave interest rates on hold near zero and a fresh commitment to keep them there for an extended period.

Goldman Sachs may face legal action from German bank IKB and could be pursued by regulators in Germany and Britain after the U.S. investment bank was accused of duping clients.

Credit Suisse is hiring Vedika Bhandarkar, a veteran investment banker at rival JPMorgan , to beef up its investment banking business in India.

Credit Suisse is hiring Vedika Bhandarkar, a veteran investment banker at rival JPMorgan , as head of investment banking for India, the Swiss investment bank said on Friday.

Syngenta AG , the world's largest agro-chemicals company, undershot analyst expectations with $3.5 billion sales in the first quarter and said cheaper raw materials should buoy its 2010 results.

UBS delivered its highest pretax profit since the credit crisis began, just ahead of a likely tense shareholder meeting, and said withdrawals had slowed substantially as the bank rebuilds client trust.

UBS AG delivered its highest pretax profit since the start of the credit crisis ahead of a likely tense shareholder meeting and said withdrawals were substantially lower at all divisions.

The S&P 500 and Nasdaq rose modestly on Tuesday as the banking sector got a lift from positive analyst comments, while minutes from the Federal Reserve's last meeting eased concern over rising rates.

U.S. stocks gained on Tuesday as the financial sector got a lift from brokers' comments on banks, while minutes from the Federal Reserve's last meeting eased concerns over interest rates.

A senior Chinese central banker on Thursday played down the need for an imminent rise in borrowing costs to keep a balance between growth and inflation in the world's third-largest economy.

The Organisation for Economic Cooperation and Development is considering coming up with a code of conduct for banks on how they help clients with taxes, a senior official said on Wednesday.

One of the biggest insider trading cases to hit London in years cast a shadow on Tuesday on European banks Deutsche Bank AG and BNP Paribas SA , as well as U.S. hedge fund Moore Capital.

KB Home posted a wider-than-expected quarterly loss on Tuesday as prices and demand for its houses sagged and expenses climbed.

Credit Suisse said it is restricting bankers' travel to Germany after authorities there said they had launched 1,100 tax evasion probes against the bank's clients and were investigating staff on suspicion of aiding evasion.