Two top contenders for senior posts at the U.S. Treasury have withdrawn, people familiar with the moves said on Thursday, dealing a blow to Treasury Secretary Timothy Geithner's efforts to build his staff to fight the financial crisis.
U.S. stocks are trading at compelling prices after their plunge to 12-year lows this week and could rally 25 percent by the end of the year, said Jim O'Shaughnessy, a well-known investor on Wall Street.
One dollar could buy a cup of coffee, a pack of chewing gum, or a roll of bathroom tissue.
The chairman of Citic Group, China's top financial conglomerate, said on Thursday Spain's second-largest bank, BBVA, has a strong desire to raise its stake in CITIC Bank.
Bank of America Corp said it could suffer grave harm if it is forced to reveal data about an estimated $3.6 billion of bonuses paid to Merrill Lynch & Co officials in the days before the bank acquired the brokerage.
A group that works with union-affiliated pension funds called for the ouster of Bank of America Corp Chairman and CEO Kenneth Lewis, citing the bank's falling stock price and damage from its acquisition of Merrill Lynch & Co.
Goldman Sachs reinstated coverage of Pfizer Inc with a buy rating and added the stock to the conviction buy list, saying the world's biggest drugmaker was severely undervalued after its proposed acquisition of smaller rival Wyeth.
Goldman Sachs is looking to sell some of its Indian investments, including a 5 percent stake in the National Stock Exchange (NSE), the Daily News and Analysis said on Thursday, citing people familiar with the development.
A Luxembourg court ordered Swiss bank UBS to disclose certain documents relating to its Luxembourg subsidiary's handling of investments in Madoff products, according to a lawyer.
Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on Thursday.
U.S. stock index futures fell to session lows on Thursday after beleaguered U.S. automaker General Motors Corp said there was substantial doubt about its ability to continue as a going concern.
Top former Merrill Lynch executives, including two former CEOs, invested in hedge funds that lost money with alleged fraudster Bernard Madoff, becoming the highest-level Wall Street victims of the scandal to date, the Wall Street Journal reported on Thursday.
UBS had 47,000 accounts from U.S. Citizens who didn’t pay U.S. taxes on their assets, a top executive from the Swiss bank confirmed on Wednesday.
New York state's top legal officer issued subpoenas on Wednesday to seven executives who received tens of millions of dollars in 2008 pay from Merrill Lynch & Co before it was taken over by Bank of America , a person familiar with the investigation said.
Switzerland's largest bank held its ground on Wednesday in a dispute with the U.S. government, refusing to disclose the names of tens of thousands of rich American clients suspected by U.S. authorities of using secret Swiss bank accounts to dodge U.S. taxes.
General Electric Co shares fell as much as 16 percent on Wednesday, touching their lowest point since 1991, as anxiety over a possible downgrade for GE and its finance unit was compounded by an investor lawsuit over a recent dividend cut.
BOSTON/CHICAGO - General Electric Co shares fell as much as 16 percent on Wednesday, touching their lowest point since 1991, as anxiety over a possible downgrade for GE and its finance unit was compounded by an investor lawsuit over a recent dividend cut.
General Electric Co shares fell as much as 16 percent on Wednesday, touching their lowest point since 1991, as anxiety over a possible downgrade for GE and its finance unit was compounded by two investor lawsuits over a recent dividend cut.
The top 10 highest-paid employees received $209 million in cash and stock, slightly higher than the $201 million the top 10 received in 2008, the Wall Street Journal reported on Monday.
General Electric Co's shares fell as much as 15 percent on Wednesday, touching their lowest point since 1991, and the cost of insuring GE Capital's debt hit a record high on anxiety about that unit.
Canadian Scotiabank on Wednesday said it has acquired select assets and 60 employees from UBS Energy, including trading technology.
Stocks headed for a sharp rebound at the open on Wednesday after a sell-off the previous session left indexes at 12-year lows, with a jump in the price of oil and other commodities spurring energy and natural resource stocks.
