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U.S. stocks were little changed on Tuesday as some retail companies' results and rising credit card defaults overshadowed government data showing stronger-than-expected retail sales last month.

American Express Co announced on Monday a new line of certificates of deposit as part of the largest U.S. credit card company's plan to diversify funding sources as the financial crisis tightened lending.

JPMorgan Chase & Co agreed to buy carbon offset aggregator EcoSecurities for 122.9 million pounds ($204 million) on Monday, trumping a bid from the firm's co-founder, to boost its carbon-credit trading business.

The former deputy Governor of the Bank of England said he was astounded the U.S. government let Lehman Brothers go under, and that the bank's collapse marked a clear moment when people lost confidence in the markets.

JPMorgan Chase & Co is expanding its U.S. commercial banking business, even amid the recession, and is considering a return to commercial real estate next year.

Morgan Stanley Chief Executive John Mack is stepping down and will be replaced by retail brokerage head James Gorman, signaling the storied bank is embracing stable businesses after losing big on risky ones.

Private equity firm Blackstone Group has hired JPMorgan media banker Peter Cohen as head of its global media advisory practice, it said on Wednesday.

Kraft played down speculation on Tuesday that it would be prepared to raise its offer for Cadbury PLC , after the British chocolate company rejected its 10.2 billion pound ($16.7 billion) offer.

Standard & Poor's said on Tuesday U.S. credit card losses declined in July, but forecast bad loans would soon resume their upward trend as thousands of Americans lose their jobs.

California Controller John Chiang's office said on Thursday it had issued the last of its IOUs, which were intended to allow the state government to preserve its dwindling cash during its recent budget crisis.

The U.S. manufacturing sector's return to expansion should be music to equity investors' ears, but bankers say past experience as well as the circumstances of the current rebound suggest a good deal of caution is warranted.

A former Bear Stearns Cos hedge fund manager accused of insider trading urged a federal judge to reject evidence suggesting he improperly tried to use money as collateral to build a condominium and repeatedly ignored conflict-of-interest rules on in-house trades.

As shares of bailed-out banks bottomed out earlier this year, stock options were awarded to their top executives, setting them up for millions of dollars in profit as prices rebounded, according to a report released on Wednesday.

At least 20 top hedge funds boosted their positions in financial institutions in the latest quarter in a sign that Wall Street is ready to bet on more risky sectors in the hope of longer-term rewards.

Philadelphia will take out a $275 million short-term loan from JPMorgan Chase to pay vendors that have gone without compensation since July because of one of the the worst budget crises in nearly 50 years, Democratic Mayor Michael Nutter said on Tuesday.

U.S. consumers satisfaction with credit cards plummeted in 2009, driven by anger due to fees and higher interest rates, according to a J.D. Power and Associates poll released on Tuesday.

U.S. consumers satisfaction with credit cards plummeted in 2009, driven by anger due to fees and higher interest rates, according to a J.D. Power and Associates poll released on Tuesday.

Shares of Citigroup Inc fell as much as 7.5 percent on Monday amid a broad slide in financial stocks, after rallying over the last week.

Chinese banks are expected to seek investment opportunities in Taiwan, hoping to apply new government guidelines and tap the busy cross-strait commerce, J.P. Morgan's (JPM.N) Brian Gu told Reuters on Monday.

Investors that bought Citigroup Inc shares should take profits after the U.S. bank's shares climbed almost 100 percent in the last month, Barron's said in its August 31 edition.

Guaranty Financial Group Inc has filed for Chapter 11 bankruptcy protection, less than a week after regulators seized its banking unit and sold most of its assets to the Spanish bank, Banco Bilbao Vizcaya Argentaria SA .

A surge in auto sales as drivers rushed to take advantage of the cash-for-clunkers scheme probably nudged U.S. consumer spending higher for the third straight month in July, according to a Reuters poll.

The U.S. Federal Reserve asked a federal judge not to enforce her order that it reveal the names of the banks that have participated in its emergency lending programs and the sums they received, saying such disclosure would threaten the companies and the economy.

General Electric has put its security business up for sale in an auction that could fetch about $2 billion, sources familiar with the situation said on Wednesday.

The bankrupt publisher of Reader's Digest won court approval on Tuesday to access some of the $150 million in funding it has lined up to continue operating while it reorganizes.

The Federal Reserve on Friday lifted an estimate of the value of Bear Stearns and American International Group assets used to secure their rescue last year, potentially reducing losses to U.S. taxpayers.

JPMorgan Chase & Co. is launching the Chase Sapphire credit card intended for wealthy households with incomes over the $120,000.

A former Bear Stearns Cos hedge fund manager facing an insider trading charge routinely ignored warnings of potential conflicts of interest, and was rebuffed when he tried to pledge some money toward a loan to build a luxury Florida condominium, prosecutors said.

Banks are lowering bonuses to defuse popular outrage, but by curtailing employee incentives, compensation experts say the banks and the U.S. government are failing to fix practices that led to the financial crisis.