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By Kevin Lim and Saeed Azhar 2 hours, 34 minutes ago SINGAPORE (Reuters) - Singapore sovereign wealth fund Temasek Holdings (TEM.UL), which has pumped billions of dollars into ailing lenders such as Merrill Lynch & Co Inc (MER.N), said it may invest mor..
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8 minutes ago (Reuters) - Wall Street research analysts are projecting yet another tough quarter for U.S. investment banks marked by additional writedowns across a series of fixed-income assets amid an already weak operating environment.
Citigroup anal..
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13 minutes ago NEW YORK (Reuters) - U.S. and state regulators are close to reaching a settlement with multiple banks accused of selling auction-rate securities under false pretenses that would force them to repurchase billions of dollars of the now-illi..
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By Joseph A. Giannone 1 hour, 33 minutes ago NEW YORK (Reuters) - New York Attorney General Andrew Cuomo's office, investigating Wall Street's sales of auction-rate securities to investors, on Monday told JPMorgan Chase & Co (JPM.N), Morgan Stanley (MS...
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23 minutes ago WASHINGTON (Reuters) - More than 45 major U.S. companies, including big banks, are being offered settlements to get rid of abusive tax shelters, the Internal Revenue Service said on Wednesday.
"Promoters and participants in aggressive ta..
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By John Parry 16 minutes ago NEW YORK (Reuters) - Banks borrowed a record amount of funds from the Federal Reserve in the latest week as the year old credit crisis took a persistent toll, while the commercial paper market continued to contract, signalin..
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By Glenn Somerville 1 hour, 29 minutes ago WASHINGTON (Reuters) - The U.S., European and Swiss central banks on Wednesday extended liquidity offerings to stressed banks and securities firms to ease credit strains that have weighed on the global economy..
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Tue Jul 29, 12:32 PM ET LONDON (AFP) - Blue chips closed firmer on Tuesday, amid gains on Wall Street as the price of crude fell, and as UK banks clawed back some of their earlier losses.
At the close, the FTSE 100 index was up 6.6 points to 5,319.2...
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16 minutes ago WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson said the nation's four biggest banks were ready to kick-start a market for covered bonds that could help significantly expand home mortgage financing.
"I believe covered bonds..
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Fri Jul 25, 1:14 PM ET WASHINGTON (Reuters) - A senior U.S. lawmaker urged securities regulators to slow down a pending accounting change that could force banks to bring trillions of dollars back on their balance sheets, according to a letter obtained b..
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By John Poirier Sat Jul 26, 12:08 AM ET WASHINGTON (Reuters) - U.S. regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year as financial institutions struggle with a housing bust and..
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By Patrick Rucker and Rachelle Younglai Thu Jul 24, 3:55 PM ET WASHINGTON (Reuters) - The head of the U.S. Securities and Exchange Commission on Thursday urged Congress to give his agency authority to oversee investment banks, even as a top Federal Rese..
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By Patrick Rucker and Rachelle Younglai Thu Jul 24, 10:52 AM ET WASHINGTON (Reuters) - The head of the Securities and Exchange Commission said on Thursday that his agency should oversee investment banks under a new regulatory regime aimed at averting an..
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By Jonathan Stempel 1 hour, 10 minutes ago NEW YORK (Reuters) - Wachovia Corp (WB.N) led several large U.S. banks in posting weak second-quarter results on Tuesday, as soaring losses from mortgages and other debt led to large write-downs.
The loss for..
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Investor's Business Daily Mon Jul 7, 6:55 PM ET Fed, SEC sign info-sharing deal
The Federal Reserve and the SEC formally agreed to share information about commercial and investment banks. Regulators want to beef up oversight of Wall St. firms, especial..
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By Alister Bull and Rachelle Younglai Mon Jul 7, 4:39 PM ET WASHINGTON (Reuters) - The Federal Reserve and securities regulators on Monday formalized a deal to share information about banks, in a move expected to strengthen oversight of the financial ma..
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28 minutes ago (Reuters) - Goldman Sachs said the European banks sector needs to raise about 60 billion to 90 billion euros ($94 to $141 billion), or withhold one year of dividends, to reach an aggregate Tier I ratio of 9 percent -- a level achieved by..
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1 hour, 11 minutes ago PARIS (Reuters) - The chief executive of Bank of New York Mellon Corp (BK.N) said on Monday he expected further losses from the banking sector and added that the U.S. housing market crisis could continue for some time.
"I think t..
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By Kevin Drawbaugh and Rachelle Younglai Fri Jun 27, 6:34 PM ET WASHINGTON (Reuters) - As the Federal Reserve and securities regulators neared an agreement on investment banks, leaders of the U.S. Senate Banking Committee on Friday warned them not to ge..
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Fri Jun 20, 8:19 AM ET LONDON (AFP) - Europe's main stock markets dropped Friday, with London hit by losses to heavyweight banks after share prices fell further in Japan, traders said.
In early afternoon trading, London's FTSE 100 index of leading shar..
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