U.S. stock index futures pointed to a higher open on Friday as investors awaited key monthly data on the labor market.
The Aussie dollar held firm in local trade yesterday despite a massive and unexpected turnaround in the countries trade balance.
Oil rose above $69 per barrel on Friday, within striking distance of a seven-month high, supported by a rally in stock markets and expectations that the global economic downturn might not be as severe as expected.
U.S. stock index futures pointed to a higher open on Friday as investors awaited key monthly data on the labor market.
The Federal Deposit Insurance Corp is aiming at a shake-up of Citigroup Inc's top management, including replacing Chief Executive Vikram Pandit, the Wall Street Journal said, citing people familiar with the matter.
World stocks rose toward this week's 7-1/2 month high on Friday as resource stocks rallied after oil prices surged past $69 a barrel and optimism grew about an improving U.S. labor market ahead of key jobs data.
U.S. stock index futures pointed to a higher open on Wall Street on Friday, ahead of key monthly jobs data.
U.S. stock index futures pointed to a higher open on Wall Street on Friday, ahead of key monthly jobs data.
Dismissing strong objections from JPMorgan Chase and American Express Co executives, U.S. regulators insisted the banks raise equity this week before repaying bail-out funds, the Financial Times reported.
Angelo Mozilo, who built the largest U.S. mortgage lender, was charged with securities fraud and insider trading on Thursday, making him the most prominent defendant in investigations into the U.S. subprime mortgage crisis and housing bust.
Kevin T. Kabat, the chief executive of Fifth Third Bancorp said Tuesday the firm is looking forward to consulting with regulators about repaying the government’s financial bailout funds after the firm said it had completed a common stock offering which raised $1 billion.
Bank of America Corp is forcing out Chief Risk Officer Amy Woods Brinkley, after a surge in credit losses led to a government bailout and an order by regulators to raise $33.9 billion of capital.
The Obama administration stepped up its push for tougher bank and financial firm rules on Thursday, scheduling a briefing for lobbyists, with a focus on insurance oversight, and sending a top regulator to a Senate hearing to discuss plans for regulating derivatives markets.
Stocks rose on Thursday as a brokerage's upbeat view on U.S. banks drove a run-up in financials, while soaring prices of oil and other commodities lifted natural resource companies on bets the economic slump is waning.
The U.S. regulator of the futures industry proposed a package of reforms for the first comprehensive regulation of over-the-counter derivatives and the dealers who handle the exotic instruments on Thursday.
Bank of America’s top management circle will be changing at the end of June as chief executive Kenneth Lewis announced today that company veteran Gregory Curl will replace retiring Chief Risk Officer Amy Woods Brinkley.
Bank of America Corp is forcing out Chief Risk Officer Amy Woods Brinkley, after a surge in credit losses led to a government bailout and orders by regulators to raise $33.9 billion of capital.
Fewer U.S. workers filed new claims for jobless benefits for a third straight week last week and productivity rose faster than expected in the first quarter, data showed on Thursday, supporting budding hopes that the recession is losing force.
Citi Private Bank announced Thursday the appointed of Peter Charrington as the Chief Executive Officer of its North American business.
Stocks rose on Thursday as a brokerage's upbeat view on U.S. banks drove a run-up in financials, while soaring prices of oil and other commodities lifted natural resource companies on bets the economic slump is waning.
Countrywide Financial Corp co-founder Angelo Mozilo and two other former executives at the once-largest U.S. mortgage lender were sued by U.S. stock regulators on Thursday.
The U.S. Securities and Exchange Commision has charged Angelo Mozilo and two former executives with securities fraud and misleading Countrywide investors about credit risks taken to build, maintain market share.
Bank of America Chief Executive Officer, Kenneth Lewis, named today Gregory Curl as the company’s Chief Risk Officer.
Countrywide Financial Corp co-founder Angelo Mozilo and two other former executives at the once-largest U.S. mortgage lender were sued by U.S. stock regulators on Thursday, a Securities and Exchange Commission official said.
Stocks rose on Thursday as a brokerage's upgrade drove banks' shares higher, while soaring prices of oil and other commodities lifted natural resource companies on bets the economic slump is waning.
Merchants and retailers would be able to negotiate with banks to reduce costs associated with credit card purchases, according to legislation introduced on Thursday by lawmakers in the U.S. House of Representatives.
There is no compelling reason to merge the U.S. equities and futures regulators, said the chairman of the Commodity Futures Trading Commission on Thursday when asked if a merger will be proposed.
Ramani Ayer, 62, who led Hartford Financial Services Group for 12 years as chief executive said he will retire from his CEO and chairman positions by the end of the year after a tumultuous two years where the firm has been hard hit by the current economic downturn and financial crisis.
U.S. stocks rose on Thursday, led by financials, after RBC Capital Markets said it sees banks outperforming the market for multiple years, and energy stocks gained as oil rose almost 5 percent.
U.S. stocks rose to session highs on Thursday, as a surge in oil prices lifted energy shares, while positive broker comments on banks including JPMorgan drove a run-up in financials.
