U.S. and European investment banks may face headline risk again from credit ratings downgrades by Moody's Investors Service Inc. in the coming weeks, Nomura Securities warned Monday.
A panel of federal appeals judges said Thursday that there's a "strong likelihood" a lower court's rejection of a $285 million civil-fraud settlement between the SEC and Citigroup will be overturned.
Russian billionaire Dmitry Rybolovlev -- who reportedly purchased an $88 million Central Park West apartment for his daughter while she attended school in New York-- is facing accusations from his estranged wife regarding the true reason for purchasing such a lavish pad.
A federal appeals court stopped just short of throwing out a judge's controversial rejection of the U.S. Securities and Exchange Commission's $285 million settlement with Citigroup Inc in a fraud case.
Citigroup Inc on Wednesday stood by its pledge to reward shareholders, as Wall Street sought to understand why the bank failed to win approval from regulators to increase its dividend or buy back stock.
Bank of America Corp shares on Wednesday hit their highest level in seven months after a Federal Reserve stress test affirmed one of the more troubled U.S. banks had made progress in improving its capital levels.
Whatever buzz came from the post-FOMC statement and catapulted stocks up on Tuesday turned into a hush Wednesday afternoon. Equities started strong but ended with a whimper.
Stocks mostly edged lower on Tuesday, with the S&P 500 pulling back after nearing 1,400 as investors found little reason to extend the previous day's rally on the Federal Reserve's comments on the economy and the banking sector.
Shares of Citigroup (NYSE: C) fell more than 4 percent Wednesday after the Federal Reserve said the No. 3 U.S. bank flunked a “stress test” of its financial viability.
The inspector general for the U.S. Department of Housing and Urban Development said banks involved in the nationwide settlement on foreclosure practices significantly hindered its investigation.
Stocks were largely flat on Wednesday as investors balanced comments from the Federal Reserve on the economy and banking sector against the recent, five-day rally.
Stock index futures pointed to a flat open on Wednesday as investors weighed comments from the Federal Reserve on the economy and banking sector against the recent five-day rally.
The companies whose shares are moving in pre-market trade on Wednesday are: Francesca's Holdings Corp, Zions Bancorporation, Regions Financial Co, RADVision Ltd, Clearwire Corp, LSI Corp, SunTrust Banks, Citigroup, American Capital Mortgage Investment Corp and Fifth Third Bancorp.
Stock index futures were little changed on Wednesday as investors weighed comments from the Federal Reserve on the economy and banking sector against the recent five-day rally.
Stock index futures edged higher on Wednesday, putting the benchmark index on track for its sixth straight advance after comments from the Federal Reserve on the economy and banking sector helped boost optimism.
Facebook filed for an IPO on Feb. 1 but has since amended its registration document twice. Here are four important things to know about the world's biggest social media company.
Stock futures signaled a mixed opening for Wall Street on Wednesday, with futures for the S&P 500 up 0.1 percent, the Dow Jones futures down 0.2 percent and the Nasdaq 100 futures falling 0.1 percent.
The Dow Jones Industrial average rose 218 points, or 1.8%, to close at 13,177, which was the highest since Dec .31, 2007.
Most of the largest banks passed their annual stress test, the Federal Reserve revealed in an earlier-than-expected release of the results, after JPMorgan Chase pulled the trigger on announcing its glowing marks and helped lift the stock market.
JPMorgan Chase and Co. (NYSE:JPM) announced Tuesday afternoon it would be raising the dividend payout to shareholders and engaging in a sizable stock buyback program, in a show of balance sheet strength coming just days after the bank was green-lighted through the Federal Reserve's now-yearly "stress tests." The markets rallied.
JPMorgan Chase and Co. (NYSE:JPM) announced Tuesday afternoon it would be raising the dividend payout to shareholders and engaging in a sizable stock buyback program, in a show of balance sheet strength coming just days after the bank was green-lighted through the Federal Reserve's now-yearly "stress tests." The markets rallied.
Citigroup Inc., the third-largest U.S. bank, and SunTrust Banks Inc. failed the Federal Reserve's latest stress test because they lack enough capital to endure a hypothetical shock to the U.S. economy, the central bank said Tuesday.
