JPMorgan Chase & Co, Credit Suisse Group and Morgan Stanley have agreed to pay $100 million to settle a lawsuit over their role in the collapse of a Philadelphia mortgage lender, an attorney said on Friday.
Citigroup Inc agreed to sell its Phibro energy trading business to Occidental Petroleum Corp for a pittance, allowing the bank to calm regulators who were outraged over a $100 million pay package the unit was obliged to pay a star trader.
Citigroup Inc agreed on Friday to sell its Phibro commodities business to Occidental Petroleum Corp , offloading a unit that has drawn criticism over star trader Andrew Hall's massive pay package.
Stocks headed for a lower open on Friday as a pullback in commodity prices weighed on natural resource shares after the U.S. dollar rebounded.
Canadian retailer Dollarama Inc, backed by private equity firm Bain Capital, priced its initial public offering of 17.14 million shares at C$17.50 ($16.60) a share, on the Toronto Stock Exchange.
Japanese brokerage Nomura said on Friday it had hired two senior staff to co-head its fixed income business in the Americas as part of a push to expand its investment bank outside Asia.
Global financial firms, emerging from the worst economic crisis since the Great Depression, are looking to shed India back office operations as they focus on core operations and cost cuts.
Any change at the top of UBS's U.S. wealth management business could signal the Swiss bank is trying to rehabilitate its America franchise after a bruising tax row, ready for an eventual sale.
James Simons, a mathematics professor who became one of the best paid hedge fund managers in the world, is retiring as chief executive of his Renaissance Technologies firm on Jan 1, according to an investor letter.
The key informant in the U.S. tax evasion case against Swiss bank UBS AG faces prison next year, but his harsher-than-expected treatment by the U.S. Justice Department will undermine efforts to expose secretive offshore tax havens, lawyers and whistle-blower advocates say.
Stocks headed for a lower open on Friday as a pullback in commodity prices weighed on natural resource shares after the U.S. dollar rebounded.
Stock index futures were little changed on Friday as a pullback in commodity prices weighed on natural resource shares as the U.S. dollar rebounded.
Stock index futures were little changed on Friday as a pullback in commodity prices weighed on natural resource shares as the U.S. dollar rebounded.
China's key stock indexclosed up 4.76 percent on Friday, its third-biggest daily gainthis year, as the market played catch-up with a strong globalrally during the country's eight-day National Day holiday.
Stock index futures were little changed on Friday as a retreat in commodity prices weighed on natural resource shares after the U.S. dollar rebounded.
Stock index futures were little changed on Friday as a retreat in commodity prices weighed on natural resource shares after the U.S. dollar rebounded.
Stock futures point to a mixed start on Friday for U.S. shares, following gains on Thursday.
Inflation Fears Weigh; Home Concerns Remain; Questioning Citi's Review
Stock index futures point to a mixed start on Friday for U.S. shares, following gains on Thursday.
TSMC, the world's biggest contract chip maker, said third-quarter sales rose by a fifth from the previous three months, matching its own forecast, thanks to growing chip demand.
The dollar rose on Friday after Federal Reserve Chairman Ben Bernanke indicated U.S. monetary policy could be tightened as a recovery takes hold, sending crude and metal prices lower.
James Simons, a mathematics professor who became one of the best paid hedge fund managers in the world, is retiring as chief executive of his Renaissance Technologies firm on Jan 1, a person briefed in the matter said.
