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Wealth managers post mixed results

U.S. retail brokerages posted mixed fourth-quarter profits as higher merger and recruiting expenses offset growing management fees and a market-fueled increase in client assets.

Mortgage pain persists for BofA, Wells, U.S. Bancorp

In a sign that the U.S. banking sector's problems are far from over, lenders including Bank of America Corp reported falling bond trading revenue and mortgage lending weakness in the fourth quarter.

BofA, other big banks get M&A boost

Wells Fargo & Co and U.S. Bancorp reported better-than-forecast quarterly earnings, helped by recent acquisitions, while larger rival Bank of America Corp got a boost from Merrill Lynch.

SEC eyes new charges against Galleon's Rajaratnam

The U.S. Securities and Exchange Commission wants to expand its lawsuit in the widening Galleon hedge fund probe to add new charges against two defendants, Galleon founder Raj Rajaratnam and former McKinsey & Co director Anil Kumar.

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Bank of America reports loss on TARP and lower net interest income

Bank of America (NYSE:BAC) this morning reported a loss of $0.29 per share for the year 2009 and a loss of $0.60 per share for the fourth quarter.

JPMorgan in exclusive talks on RBS Sempra: sources

JPMorgan Chase is in exclusive talks to buy the RBS Sempra commodities joint venture, people familiar with the matter said on Wednesday, in a deal expected to be worth about $4 billion.

Stocks set for lower open on bank unease

U.S. stocks were poised for a lower open on Wednesday on reports of bank lending restrictions in China and as quarterly results from three big U.S. banks raised uneasiness about the state of the sector.

Morgan Stanley profit falls short on charges

Morgan Stanley's fourth-quarter profit missed expectations as results were hampered by accounting charges related to the appreciation of the value of the firm's debt.

Stock futures drop on bank earnings jitters

U.S. stock index futures fell on Wednesday on reports of bank lending restrictions in China and as quarterly results from a host of U.S. banks increased uneasiness about the state of financial companies.

Stock futures slide on unease over bank earnings

U.S. stock index futures fell on Wednesday on reports of bank lending restrictions in China as earnings reports from a host of U.S. banks increased uneasiness about the state of financial companies.

Sstock futures signal dip on Wall Street

Stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.38 percent, Dow Jones futures down 0.37 percent and Nasdaq 100 futures down 0.48 percent at 1018 GMT (5:18 a.m. EST).

Stock futures signal dip on Wall Street

U.S. makes banks pay premium for warrant rebuys: report

The Treasury Department persuaded some big banks to pay more than market estimates to repurchase warrants issued to the government in the financial crisis, the Wall Street Journal said, citing a draft Treasury report.

Online brokers request patience amid rate storm

After reporting steep profit drops on Tuesday, the top two U.S. online brokerages asked for patience as they face more of the same low interest rates and hope their clients return to the markets in force this year.

Citigroup loss narrows, loans seem to stabilize

Citigroup Inc posted a $7.6 billion quarterly loss on Tuesday, but the bank's shares rose as declining loan losses raised hopes that the worst might soon be over.

Analysts expect BofA loss amid credit, TARP

Bank of America Corp likely will post another loss when it reports fourth-quarter earnings on Wednesday, as banks continue to grapple with their problems loans and a weak economy.

Goldman, Morgan Stanley payouts hog the spotlight

Longtime rivals Morgan Stanley and Goldman Sachs Group Inc find themselves on different ends of the pay debate as the surviving Wall Street titans prepare to disclose their fourth-quarter results.

Citigroup Q4 loss narrows, loans seem to stabilize

Citigroup Inc posted a $7.6 billion quarterly loss on Tuesday after recording big charges linked to repaying government funds and bad loans.

Stocks advance on healthcare and McDonald's

U.S. stocks rose on Tuesday as investors bet that a Senate race in Massachusetts could put President Obama's reform plans, especially those on healthcare, in jeopardy.

Credit Suisse cuts bonus pool by 5 percent to pay UK tax

Swiss banking heavyweight Credit Suisse says it will reduce its global bonus pool by 5 percent to pay for a new British tax on bonuses, but will cut deeper into the bonuses for its top managers in Britain.

Stocks gain, led by healthcare and McDonald's

U.S. stocks rose on Tuesday as investors bet that a Senate race in Massachusetts could put President Obama's reform plans, especially those on healthcare, in jeopardy.

S&P rises on health stocks ahead of Massachusetts Senate Election results

Healthcare stocks pushed the markets higher in mid-day trading as financials edged up on Citigroup results.

C.Suisse cuts payouts, Goldman delays as row heats

Credit Suisse is spreading the pain of a UK tax on bonuses across bankers globally and Goldman Sachs has delayed announcing payouts to staff as a row over remuneration heated up on Tuesday.

Stocks rise on healthcare, McDonald's upgrade

U.S. stocks rose on Tuesday and healthcare shares gained as a Massachusetts election for the U.S. Senate put President Barack Obama's healthcare reform in jeopardy.

Citigroup Q4 loss narrows

Citigroup Inc posted a $7.6 billion quarterly loss on costs related to TARP repayment and still high loan losses, but the bank's shares edged higher as some investors saw glimmers of hope.

TD Ameritrade misses expectations on lower asset yields

TD Ameritrade Holding Corp. (Nasdaq:AMTD) announced earnings of $0.23 on Tuesday, missing analyst expectations of $0.26, according to data compiled by FactSet. Earnings were down $0.08 year-on-year and $0.03 quarter-on-quarter.

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