EBay Inc customers who park extra cash in a nearly $1 billion PayPal money market fund are exposed to the same type of assets targeted for an emergency bailout by the largest U.S. banks, regulatory filings show.
JPMorgan Chase & Co Inc said on Wednesday third-quarter net income rose 2.3 percent despite $1.64 billion in write-downs on leveraged loans and collateralized debt obligations.
Stock futures rose on Wednesday as a rush of stronger-than-expected profits from such blue chips as Intel, United Technologies and JPMorgan Chase reassured investors about the earnings outlook.
Shares of Marriott International Inc rose more that 4 percent on Tuesday on takeover speculation after the hotel operator announced plans for a $300 million bond sale.Marriott shares climbed 4.7 percent to $42.61 on renewed and unconfirmed buyout chatter, the flyonthewall.com reported on Tuesday.
China's CITIC Bank Corp Ltd is bidding for a stake in Bear Stearns Cos, a senior Chinese regulator said, in the first official confirmation of media reports that the state-run bank was a potential suitor for the smallest of Wall Street's five big independent brokerages.
U.S. stocks fell on Monday, led lower by the financial services sector after Citigroup Inc offered a gloomier outlook and worries resurfaced about the stability of the buyout market.
Green -- not greed -- is good these days, especially if you're rich and want to be seen to care.
Some clients are increasingly seeking environmentally friendly investments and ways to minimize their impact on the environment, their private bankers said at the Reuters Wealth Management Summit in Geneva.
Citigroup Inc, the largest U.S. bank, said on Monday third-quarter profit fell 57 percent, hurt by losses from subprime and leveraged loans, fixed-income trading and its U.S. consumer business.
China's biggest e-commerce firm, Alibaba.com Ltd, plans to raise as much as US$1.32 billion after setting a price range for its Hong Kong initial public offering, sources familiar with the deal said on Monday.
The race to generate greater returns is luring hedge funds into untraditional areas
Virgin Group, controlled by entrepreneur Richard Branson, is leading a consortium that has submitted a rescue plan for British bank Northern Rock that would inject a substantial cash sum, it said on Friday.
Stock futures fell on Friday, weighed down by caution before key economic reports and news that Deutsche Bank had slashed its rating on shares of Dow component Citigroup Inc.
Citigroup Inc, which last week forecast 60 percent declines in third-quarter earnings amid bad debt losses, said it was promoting Vikram Pandit to head banking, markets, and alternative investments, and that trading head Thomas Maheras was leaving.
Gold rose to the highest price since 1980 as the ailing U.S dollar boosts the appeal of precious metals, while platinum set a record high in London aided by the rising bullion and concerns on over supply.
Nine banks have agreed to pay $180 million for a minority stake in Thomson Corp's TradeWeb bond trading platform, and will invest an additional $100 million in a bid to expand the service they sold in 2004.
Investors and fund managers bitten by the collapse in subprime mortgages are now looking for new opportunities to trade bonds linked to traditionally volatile commodity prices and risky emerging markets.
Indians stay home as investors choose local hot stocks and lower tax domestic funds.
Shares of Sony Financial Holdings Inc rose nearly 4 percent on their debut on Thursday, as a stock market rebound boosted demand for the financial firm that recently completed Japan's largest IPO this year.
Stocks around the world extended gains on Thursday while the yen slipped against the dollar after the Bank of Japan decided not to change interest rates.
Gold finished about $2 higher on Wednesday as a decline in the value of the dollar boosted the appeal of the precious metals as alternative investments.
World stocks stretched to record highs on Wednesday, led by emerging markets, while the dollar slipped on reduced hopes of a new U.S. interest rate cut.
While profit margins have been squeezed in every corner of the financial services industry, private banking services for the world's ultra-rich remain a reliably lucrative business.
