INVESTMENT

Morgan Stanley said Tuesday it expects to pay back the government’s TARP (Troubled Asset Relief Program) bailout investment by the end of June, announcing today that it intends to raise $2.2 billion by selling common stock.

U.S. stocks rose on Tuesday as key housing data provided further evidence the U.S. recession was abating.

Bank of America Corp , JPMorgan Chase & Co and several other banks said they have raised at least $18 billion as lenders scramble to extricate themselves from Washington's grip.

Morgan Stanley plans to raise $2.2 billion in common equity to bring it closer to repaying its TARP loans, the company said on Tuesday.

U.S. stock index futures pointed to a flat open on Wall Street on Tuesday as investors awaited key housing data a day after the S&P 500 index jumped to its highest close in seven months.

Morgan Stanley plans to raise $2.2 billion in common equity to bring it closer to repaying its TARP loans, the company said on Tuesday.

U.S. stock index futures pointed to a flat open on Wall Street on Tuesday as investors awaited key housing data a day after the S&P 500 index jumped to its highest close in seven months.

U.S. stock index futures pointed to a flat to slightly lower open on Wall Street on Tuesday as investors looked to book profits a day after the S&P 500 index jumped to its highest close in seven months on positive economic data.

U.S. stock index futures pointed to a mostly lower open on Tuesday, on profit taking, as the market gives back some of the previous session's strong gains.

California's highest court on Monday ruled that Bank of America Corp need not pay a potential $1 billion or more to customers who claimed the bank illegally raided Social Security benefits to collect fees.

JPMorgan Chase & Co and American Express Co on Monday announced plans to sell $5.5 billion of common stock, hoping to position themselves to quickly repay funds from the government's bank bailout plan.

U.S. stocks rose on Monday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilize, while General Motors' long-expected bankruptcy filing ended uncertainty about the automaker's fate.

California's highest court on Monday ruled that Bank of America Corp need not pay a potential $1 billion or more to customers who claimed the bank illegally raided Social Security benefits to collect fees.

The largest U.S. banks seeking permission to re-pay the government aid received will have to meet some conditions the Federal Reserve said on Monday.

JPMorgan Chase & Co said on Monday it plans to raise $5 billion of common equity, which it said will enable it to repay this month the $25 billion it took from the government's bank bailout plan.

Morgan Stanley and Citigroup Inc have started their retail brokerage joint venture at least a month ahead of schedule, but have already lost more than 1,500 brokers.

Citigroup Inc's run of ignominy has now come to this: losing its coveted spot in the Dow Jones industrial average to a former unit.

Prudential Financial Inc , the No. 2 U.S. life insurer, said it plans to sell $1.25 billion of common stock after turning down U.S. aid.

Ally Bank, the banking unit of auto and mortgage lender GMAC, on Monday denied competitors' complaints that it is paying excessive interest rates to attract deposits while on a government-funded lifeline.

Private equity firm Kohlberg Kravis Roberts & Co KKR.UL posted a substantial loss in 2008 as the global economic downturn took its toll on the firm's investments.

French bank BNP Paribas raised its average U.S. crude oil price forecast for 2010 on Monday to $75 a barrel from $63.