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Many U.S. small businesses are optimistic about growth and see the economy improving in three to six months, according to a survey released on Friday.

Morgan Stanley is outrunning archrival Goldman Sachs as 2009's busiest adviser on mergers as optimism grows that the crippling effects of the financial crisis on dealmaking may be easing.

Rising Powers at Table; Way Opening for Buyouts; Loan Losses Grow

Banks led by JPMorgan Chase & Co reaped a bonanza of underwriting fees from debt and equity capital-raisings in the third quarter but a deepening slump in M&A activity depressed overall investment banking fees.

Citigroup Inc , the bank bailed out with $45 billion by the U.S. government, plans to cut down its U.S. branch network to six big metropolitan areas, the Wall Street Journal said on Wednesday on its website, citing people familiar with the situation.

A JPMorgan Chase & Co vehicle on Wednesday increased its cash offer for London-listed carbon offset aggregator EcoSecurities, garnering further support from shareholders.

JPMorgan Chase & Co, the second-largest U.S. bank, launched a charge card for small businesses on Wednesday, entering a market long dominated by American Express Co.

U.S. prosecutors said on Tuesday that two former Bear Stearns Cos hedge fund managers facing trial on fraud charges are trying to impede the government's access to documentary evidence.

Microsoft Corp's new Bing search engine continued to take share from Google Inc, grabbing 9.3 percent of the U.S. Internet search market in August, according to data released on Monday.

Senior management at Cazenove and JPMorgan are thought to be close to agreeing a price for Cazenove's share of their J. P. Morgan Cazenove joint venture before the end of the year, the Independent on Sunday newspaper said.

Senior management at Cazenove and JP Morgan are thought to be close to agreeing a price for Cazenove's share of their JPMorgan Cazenove joint venture before the end of the year, the Independent on Sunday newspaper said.

Fed Takes Role on Pay; Citi Draws a Line; Airbus Sees Tough Years

Citadel Broadcasting Corp offered a deal to exchange a major part of its debt for equity to senior lenders owed $2 billion, including JPMorgan Chase & Co , GE Capital and ING Groep NV , the Wall Street Journal said, citing people familiar with the negotiations.

Discover Financial Services posted stronger-than-expected quarterly earnings on Thursday as bad loans grew less than feared and the sixth-largest U.S. credit card issuer trimmed costs.

A weak U.S. labor market led to bigger bank writedowns of credit card debt in August as a record-high jobless rate left consumers struggling to pay their bills.

A weak U.S. labor market led to bigger bank writedowns of credit card debt in August as a record-high jobless rate left consumers struggling to pay their bills.

Bank of America Corp and Citigroup Inc customers defaulted on their credit card debts in August at the highest rates since the onset of the recession, a sign that the banks' consumer lending woes are far from over.

Stocks rose modestly on Tuesday after stronger-than-expected retail sales data, though gains were limited by some retailers' disappointing earnings.

U.S. stocks rose modestly on Tuesday after stronger-than-expected retail sales data, though gains were limited by some retailers' disappointing earnings.

U.S. stocks were little changed on Tuesday as some retail companies' results and rising credit card defaults overshadowed government data showing stronger-than-expected retail sales last month.

American Express Co announced on Monday a new line of certificates of deposit as part of the largest U.S. credit card company's plan to diversify funding sources as the financial crisis tightened lending.

JPMorgan Chase & Co agreed to buy carbon offset aggregator EcoSecurities for 122.9 million pounds ($204 million) on Monday, trumping a bid from the firm's co-founder, to boost its carbon-credit trading business.

The former deputy Governor of the Bank of England said he was astounded the U.S. government let Lehman Brothers go under, and that the bank's collapse marked a clear moment when people lost confidence in the markets.

JPMorgan Chase & Co is expanding its U.S. commercial banking business, even amid the recession, and is considering a return to commercial real estate next year.

Morgan Stanley Chief Executive John Mack is stepping down and will be replaced by retail brokerage head James Gorman, signaling the storied bank is embracing stable businesses after losing big on risky ones.

Private equity firm Blackstone Group has hired JPMorgan media banker Peter Cohen as head of its global media advisory practice, it said on Wednesday.

Kraft played down speculation on Tuesday that it would be prepared to raise its offer for Cadbury PLC , after the British chocolate company rejected its 10.2 billion pound ($16.7 billion) offer.

Standard & Poor's said on Tuesday U.S. credit card losses declined in July, but forecast bad loans would soon resume their upward trend as thousands of Americans lose their jobs.

California Controller John Chiang's office said on Thursday it had issued the last of its IOUs, which were intended to allow the state government to preserve its dwindling cash during its recent budget crisis.