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AIG board meet may set ball rolling on AIA IPO: sources

The board of American International Group is set to meet this week to consider the future of its AIA unit, with a public float seen as the most likely outcome, sources said on Tuesday.

Volatility a boon for U.S. exchanges and online brokers

Companies that profit from market volatility, and the surge in volume that it brings, did well in the second quarter, beneficiaries of instability and uncertainty in U.S. and other markets.

Fund sues banks for $1.2 billion loss tied to subprime

A hedge fund is taking aim at the world's biggest banks in an effort to recoup $1.2 billion it lost on subprime mortgages, entering a legal fight where so far Wall Street has largely been unscathed.

Citigroup loses bid to dismiss big bondholder suit

A Manhattan federal judge on Monday rejected Citigroup Inc's bid to dismiss a class-action lawsuit by bondholders who said the bank misled them about its exposure to toxic mortgages.

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World stocks lower ahead of earnings, euro off

World stocks eased on Monday while the euro fell broadly as investors grew cautious ahead of a slew of key U.S. corporate earnings and details of tests on European banks' financial health. While second-quarter earnings are expected to come in strong, investors remained concerned about Europe's fiscal issues and the health of its financial sector ahead of the stress tests on the continent's banks.

Gold retreats as dollar firms, investment wanes

Gold slipped in Europe on Monday, surrendering some of the previous session's more than 1 percent gains, as the dollar firmed and investment flows into the metal dried up as concerns over euro zone risk receded.

Blackstone to manage BofA's Asia property fund: sources

Blackstone Group will manage a $2-billion-plus Asian real estate fund of Bank of America-Merrill Lynch, in a deal that will close in the third quarter, sources familiar with the situation told Reuters.

Gold retreats as dollar firms and investment wanes

Gold slipped in Europe on Monday, surrendering some of the previous session's more than 1 percent gains, as the dollar firmed and fresh investment flows into the metal dried up and concern over euro zone risk receded.

European bank tests put focus on capital hikes

European finance ministers will shift their focus next week onto a possible need for banks to raise more capital and on who will cover any shortfalls exposed by stress tests -- a sum which Credit Suisse estimated could reach 90 billion euros ($114 billion).

SEC pushes tighter market-making rules: sources

Securities regulators are moving quickly to tighten rules for market makers to ensure there is liquidity during stressful times and avoid a repetition of May's brief market crash, said sources familiar with the discussions.

Alcoa profit eyed, but aluminum price weighs

Alcoa Inc (AA.N), facing a sharp drop in aluminum prices, is losing favor on Wall Street as analysts lower their expectations for the company's earnings. Alcoa, the largest U.S. aluminum producer, is expected to turn a second-quarter profit after a year-ago loss, but analysts have recently been cutting their forecasts, and one sees the possibility of a return to red ink later this year.

Analysis: Money managers see no double-dip

Mid- and small-capitalization stocks often serve as a leading indicator for the direction of the U.S. economy. So what does it say that they are down roughly 15 to 20 percent?

BC and Silver Lake to buy MultiPlan for $3.1 billion

BC Partners and Silver Lake are set to buy U.S. healthcare services firm MultiPlan, the private equity firms said on Friday, in the year's largest secondary buyout worth about $3.1 billion.

Hedge funds thrive on fixed income in first half

First-half performance figures are showing the same pattern for hedge funds as for more mainstream investors -- the most successful were in fixed income, the least successful in stocks.

BC, Silver Lake to buy MultiPlan for $3.1 billion: source

BC Partners and Silver Lake are set to buy healthcare services firm Multiplan for $3.1 billion in the largest secondary buyout of the year, a source familiar with the situation said on Friday.

Gold regains strength but struggles below $1,200

Gold edged up to near $1,200 an ounce on Friday as bargain buying helped offset selling from speculators, who had shifted some of their money to equities on hopes of an economic recovery. Dealers saw purchases from jewelers and other physical buyers across Asia, keeping premiums for gold bars steady. The electronics sector in Japan was on the sidelines, but bargain hunters snapped up platinum.

KKR plans shale gas exploration: report

U.S. private equity firm Kohlberg Kravis Roberts & Co is planning to start up a natural gas exploration company focusing on shale and coal-bed gas, Bloomberg said, citing a person familiar briefed on the plan.

Wells Fargo ends non-prime mortgage biz

Wells Fargo & Co, the fourth-largest U.S. bank by assets, said on Wednesday it is closing more than 600 Wells Fargo Financial offices and will no longer originate non-prime mortgages.

European shares add to rally; ECB briefing awaited

European shares gained ground on Thursday with investors scooping up battered banking stock as details of the sector's stress tests started to emerge, adding to a tentative recovery from a sharp two-week sell-off.

How Europe will stress-test its banks

In an effort to reassure financial markets about the health of the European Union's banking system, the bloc's countries will stress-test a large number of their banks and publish the results.

Stocks gain, euro and Aussie climb in Asia

The euro surged to a two-month high and Asian stocks were set for their best gains in over two weeks on Thursday after a bullish company forecast fuelled optimism about the coming U.S. earnings season and underpinned a slow return by investors to riskier assets.

Global stocks gain after forecast fuels optimism

The euro surged to a two-month high and Asian stocks were set for their best gains in over two weeks on Thursday after a bullish company forecast fueled optimism about the coming U.S. earnings season and underpinned a slow return by investors to riskier assets.

Greek pension bill passes preliminary vote test

Greek lawmakers agreed in principle on an overhaul of the country's ailing pension system in a preliminary vote on Wednesday, in a sign that a reform key to restoring the country's ailing finances is likely to pass.

Citigroup sells private equity unit: report

Citigroup Inc has agreed to sell its private equity unit to Lexington Partners for more than $900 million, PE Hub said on Wednesday, citing multiple sources.

FDI restrictions stifle start ups: World Bank report

World Bank studies the business environment for FDI in various nations

Gold slips on firmer dollar and China report

Gold eased in Europe on Wednesday, extending the last session's losses, due to a stronger dollar and a report that China would not make gold a major part of its reserves undermined sentiment. Physical interest in the metal at lower prices and strong chart support after its recent correction were likely to limit further losses, analysts said.

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