Indexes gain on takeover talk
U.S. stocks rose on Wednesday as takeover activity resurfaced and credit markets stabilized, luring investors back into riskier assets such as equities.
Top banks tap Fed discount window
The four largest U.S. banks, led by Citigroup and Bank of America Corp., took the unusual step of borrowing $2 billion directly from the Federal Reserve on Wednesday, as the Fed tries to stabilize tempestuous financial markets by adding money to the banking system.
TD Ameritrade and E*Trade in merger talks: report
Online brokerages TD Ameritrade Holding Corp and E*Trade Financial Corp have been in serious merger discussions for weeks but are not close to a deal, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Investors more daring as U.S. rate cut talk grows
Shares rose on Wednesday as hopes grew of a U.S. interest rate cut to calm turbulent markets but an increase in risk appetite sent bonds lower and put the yen under pressure.
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Yen retreats as carry trade regains favor
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Rate cut hopes and deal news lift stocks
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Futures rise on rate cut hopes and deal news
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U.S. money funds seen safe from subprime problems
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Investment Management Firm Expands The Launch Of AI Technology That Innovates Investment Decision Making
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Jas Mathur: The New Force Behind Invest Inc.'s Disruptive Mission
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US STOCKS-S&P, Nasdaq gain on rate-cut speculation
The S&P 500 and Nasdaq rose on Tuesday as a signal that the Federal Reserve might cut its benchmark interest rate soon muted persistent concerns about withering credit markets.
Foreign banks wary of loans to German banks-WestLB
German banks face a critical situation because foreign banks are reluctant to lend to them after the joint rescue of small-company lender IKB, state-backed lender WestLB's chief executive said.
Lone Star confirms talks with HSBC to sell KEB
U.S. private equity fund Lone Star confirmed on Tuesday it was in exclusive negotiations with HSBC to sell its 51 percent stake in Korea Exchange Bank, with a market value of $4.8 billion.
Wall of money hovers over financial markets
Stock markets may have fallen sharply from their recent highs over the past weeks, but there is a wall of money sitting out there that could turn it all into a far greater rout.
Gold slips with shares, commodities
Gold slipped with stock markets and other commodities on Tuesday as fears about the effect of a global credit squeezed lingered, analysts said.
Yen gains across the board as investors shun risk
The yen gained broadly in volatile trading on Tuesday as persistent jitters about global credit conditions prodded investors to sell more risky assets funded by borrowing at low rates in the Japanese currency.
Subprime crisis heightens insurance claims: Marsh
Marsh Inc. the world's largest insurance broker and risk adviser, on Monday warned financial institutions they may face more claims as a result of the subprime mortgage crisis.
U.S. files fraud charges against Sentinel
The U.S. Securities and Exchange Commission filed civil fraud charges on Monday against Sentinel Management Group Inc, the cash management firm serving the U.S. futures industry that filed for Chapter 11 bankruptcy protection late on Friday.
KKR Financial shares rise on $500 million cash infusion plan
Shares of KKR Financial Holdings LLC (NYSE: KFN), an affiliate of private equity giant Kohlberg Kravis Roberts & Co., rose over 8 percent on Monday after it announced a plan to raise $500 million in cash from investors, including existing shareholders.
US August short selling data to be closely watched
As the stock exchanges prepare to release their monthly short interest reports this week, Wall Street is waiting with more anticipation than usual.
China Minsheng Bank plans to buy trust firm: sources
China Minsheng Banking Corp is in the final stages of talks to buy control of a domestic trust firm, as it diversifies in the financial sector, two sources familiar with the situation said on Monday.
Gold rises on weaker dollar
Gold gained on Monday with a drop in the dollar and recovery in stocks, but investors remained cautious as they digested the U.S. federal reserve's surprise move to slash the rate it charges banks on loans.
Yen falls in cautious trade
The yen fell on Monday, giving up some of last week's steep gains, as some risk appetite returned to the market after the Federal Reserve's surprise decision on Friday to cut its discount lending rate.
Wall St flat as investors mull Fed
Stocks were little changed on Monday as investors mulled the likelihood of more Federal Reserve action after Friday's surprise cut in the rate at which banks borrow from it.
Luminent Mortgage announces bailout
Luminent Mortgage Capital Inc, which has struggled with liquidity problems because of investments in mortgages, on Monday announced a bailout in which it would sell a majority stake in itself at a deep discount.
Asia Inc girds for fallout of credit squeeze
Asian companies will have a tough time raising funds and face weaker export demand if the global credit squeeze persists and a deteriorating U.S. housing market crimps consumer spending.
HSBC says in talks to buy S.Korea's KEB
HSBC Holdings Plc said on Monday it was in talks to buy a majority stake in Korea Exchange Bank (KEB) worth $4.8 billion from Lone Star, the latest chapter in a lengthy financial and judicial saga.
Futures point to firmer U.S. open after Fed action
U.S. index futures pointed to a firmer start on Wall Street on Monday, building on gains in the previous session after the Federal Reserve cut the discount rate it charges banks, and with little scheduled news on the agenda.
Hide Now, Buy Later
Clients are urged to sell shares and build up cash until stock markets settle and low prices opportunities emerge.
Countrywide, other lenders rally on Fed rate cut
Countrywide Financial Corp shares leaped higher on Friday after the U.S. Federal Reserve lowered a key borrowing rate, making it easier for lenders to obtain credit.
Major banks meet with policy officials, praise Fed's move
A group of major banks meeting in a conference call with U.S. monetary policy officials expressed strong support for the Federal Reserve's move on Friday to bring stability to volatile financial markets by reducing the discount lending rate.
Fed's discount rate cut drives indexes higher
U.S. stocks rose on Friday after the Federal Reserve cut the discount rate at which it lends to banks in a surprise move to keep worsening credit conditions from hurting the economy.
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