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By SHINO YUASA, Associated Press Writer Thu Oct 16, 4:31 AM ET TOKYO - Japanese Prime Minister Taro Aso said Thursday the U.S. bank bailout was insufficient to quell investors' fears and the lack of confidence is contributing to the renewed plunge in gl..
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35 minutes ago NEW YORK (Reuters) - Merrill Lynch & Co reported a third-quarter net loss of $7.5 billion on Thursday -- worse than analysts had expected -- on write-downs and credit losses on complex debt securities.
The brokerage house, which last mon..
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By Jonathan Stempel 1 hour, 48 minutes ago NEW YORK (Reuters) - Bank stocks soared on Tuesday after the government set plans to inject $250 billion into the battered sector, where exposure to toxic mortgages and other debt has pummeled investor confiden..
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By Daniel Trotta 18 minutes ago NEW YORK (Reuters) - The United States ushered in a new era in banking on Tuesday with plans to take equity stakes worth up to $250 billion in financial institutions, an incursion into the private sector that U.S. officia..
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By Natsuko Waki 1 hour, 1 minute ago LONDON (Reuters) - World stocks jumped on Monday from last week's five-year low after policymakers around the world took new and drastic steps to rescue banks and prevent the global economy from sinking into recessio..
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1 hour, 41 minutes ago NEW YORK (Reuters) - The shares of JPMorgan Chase & Co (JPM.N), Bank of America Corp (BAC.N) and other banks rose Friday, in stark contrast with former investment banks Goldman Sachs Group Group Inc (GS.N) and Morgan Stanley (MS.N..
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By Rob Taylor Thu Oct 9, 4:40 AM ET CANBERRA (Reuters) - Canada has the world's soundest banking system, closely followed by Sweden, Luxembourg and Australia, a survey by the World Economic Forum has found as financial crisis and bank failures shake wor..
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By Al Yoon 1 hour, 35 minutes ago NEW YORK (Reuters) - UBS AG (UBSN.VX) is halting its widely read weekly mortgage strategy report after more than 15 years of publication as the bank broadly scales down in the home loan business, including the closure o..
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Wed Oct 8, 12:47 PM ET LONDON (AFP) - The FTSE 100 index of leading shares closed with heavy losses of more than 5.0 percent Wednesday as investors brushed aside central bank efforts to counter the global financial crisis.
London shares shed 5.18 perce..
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Wed Oct 8, 11:33 AM ET NEW YORK (AFP) - US stocks zigzagged on Wednesday after the Federal Reserve joined a global coordinated interest rate cut in an extraordinary bid to ease credit and calm roiling markets.
The Dow Jones Industrial Average dropped 1..
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36 minutes ago NEW YORK (Reuters) - Bank of America Corp (BAC.N) shares lost 7.7 percent on Wednesday, adding to the steep drop the day before, after it offered $10 billion in shares at a substantial discount.
The bank's shares fell $1.82 to $21.95 in..
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By Jeremy Gaunt, European Investment Correspondent 22 minutes ago LONDON (Reuters) - Stock markets across the world were lower on Wednesday despite coordinated interest rate cuts by world central banks designed to ease fears about the worst financial cr..
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By Elinor Comlay and Juan Lagorio 20 minutes ago NEW YORK (Reuters) - Bank of America Corp (BAC.N) shares fell 15 percent on Tuesday, casting more gloom over a struggling financial sector, after reporting a sharp drop in quarterly profits and saying it..
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By Karey Wutkowski 2 hours, 53 minutes ago WASHINGTON (Reuters) - Banking regulators are working aggressively to implement higher deposit insurance limits and to ensure that there will be sufficient reserves to cover losses from more bank failures, the..
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By Christian Plumb 39 minutes ago NEW YORK (Reuters) - Bank of America Corp, the largest U.S. bank, on Monday reported a 68 percent drop in quarterly earnings, halved its dividend and said it would seek to raise $10 billion in additional capital.
The w..
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By EMILY FLYNN VENCAT, AP Business Writer 1 hour, 57 minutes ago LONDON - Asian and European stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears that the global financial crisis would depress world e..
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by Deborah Cole 1 hour, 21 minutes ago BERLIN (AFP) - Germany extended a blanket guarantee to all private bank deposits Sunday as Chancellor Angela Merkel said her government was scrambling to salvage a rescue plan for the country's fourth biggest bank...
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By Keith Weir and Gernot Heller 33 minutes ago BERLIN/LONDON (Reuters) - Germany struggled on Sunday to rescue lender Hypo Real Estate, underlining the challenge facing European leaders who vowed to restore stability to a banking system hit by the worst..
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Fri Oct 3, 11:41 AM ET WASHINGTON (AFP) - Stock markets rallied Friday as investors looked to the US Congress for quick and final action on a 700-billion-dollar Wall Street bailout and took heart from a new US bank takeover.
Wells Fargo stepped in with..
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By Lisa Jucca 1 hour, 47 minutes ago ZURICH (Reuters) - Swiss bank UBS may announce plans to cut another 1,900 jobs in its investment banking, equities and fixed income units at its shareholder meeting on Thursday, Bloomberg said on Wednesday.
The cuts..
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