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Five U.S. banks and four European lenders are being investigated by U.S. authorities, as they widen their probe of the role of banks in past mortgage securities deals, according to news reports.

Balanced U.S. financial reform will likely prevail, according to JPMorgan Chase & Co's investment bank Chief Executive Jes Staley.

A British tax on bank executives' bonuses will cost two of the biggest U.S. banks a combined $1 billion.

The former chairman and chief executive of Bear Stearns conceded on Wednesday that the failed investment bank had taken on too much risk.

The former chairman and chief executive of Bear Stearns conceded on Wednesday that the failed investment bank had taken on too much risk.

JPMorgan Chase & Co Chairman Jamie Dimon says he hopes a strong financial regulatory bill will emerge that will also be good for the U.S. economy.

Bear Stearns' appetite for risk and lack of foresight were criticized at a hearing into the roots of the financial crisis, where former executives argued the firm's collapse was due to events beyond their control.

Bear Stearns appetite for risk was questioned at a hearing into the roots of the financial crisis, where former executives testified that the firm's collapse was due to events beyond their control.

Former Bear Stearns executives said the firm became the first major victim of the financial crisis due to unfounded rumors, not because of risky exposures to mortgage-related products with free-falling values.

Washington Mutual Inc said on Tuesday that shareholders were demanding an independent investigation of the company's collapse in the hopes of getting a pay off, according to court documents.

Underwriters for Toyota Auto and Ally Master Owner Trust asset-backed offerings on Thursday launched larger-than-expected auto sales at tighter spread levels as investors chased supply, market sources said.

U.S. stocks rose on Wednesday after the Federal Reserve pointed to signs of strength in the economy, comments that gave some relief to investors worried about possible debt defaults in Europe.

A Senate panel on Wednesday voted to ban banks from the lucrative swaps market, one of the strictest measures in a planned financial reform that is heading into the home stretch.

Robust fixed income trading results launched Morgan Stanley to a better-than- expected first-quarter profit on Wednesday, sending its shares up.

Banks including Wells Fargo & Co reported first-quarter results that showed the loan losses that have plagued the financial sector amid the recession are easing.

Citigroup Inc posted a $4.43 billion first-quarter profit, its best result in more than two years, as the global economic recovery lifted the values of its worst assets and allowed the bank to set aside less money to cover credit losses.

The head of JPMorgan Chase & Co in a German newspaper interview on Sunday turned against the possibility of stricter bank regulation and asked for better access for bankers to politicians.

Bank of America Corp posted its first quarterly profit since summer 2009 as it generated outsized bond trading revenue and set aside less money to cover bad loans.

Bank of America Corp trounced expectations with its first quarterly profit since the summer of 2009 as it generated outsized bond trading revenue and set aside less money to cover bad loans.

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.

Credit card delinquency rates fell last month at most major U.S. lenders, with the exception of Citigroup Inc, in the latest sign that Americans are starting to climb out of the recession.

Capital One Financial Corp's U.S. credit-card defaults rose in March in a sign that consumers may still be under stress.

Strong growth in China and upbeat corporate earnings lifted world stocks on Thursday to a new high for the year, putting them at levels last seen around the collapse of Lehman Brothers.

U.S. stocks rose for a fifth straight day on Wednesday and the S&P 500 topped 1,200 as stronger-than-expected corporate results and March retail sales bolstered the outlook for profits.

BY Chuck MikolajczakWall Street rose on Wednesday and the S&P topped the key 1,200 level, lifted by solid results from Intel and JPMorgan Chase, while retail sales data gave fresh evidence the economic recovery was broadening.

JPMorgan Chase & Co's first-quarter profit topped Wall Street expectations, as revenue from its investment bank transcended losses on consumer loans.

BY Chuck MikolajczakWall Street was set for a higher open on Wednesday, boosted by solid results from Intel and JP Morgan Chase, while retail sales data provided fresh evidence of an economic recovery.

Former Washington Mutual Chief Executive Kerry Killinger charged regulators unfairly seized the thrift in September 2008, even as the head of a congressional panel accused the savings and loan of creating a mortgage time bomb in its quest for profits.