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Bank of America Corp and JPMorgan Chase & Co are switching some customers who have fixed-rate credit cards to potentially higher variable rates, acting before a new law takes effect that limits what card issuers can charge.

MSC Software Corp, a simulation and software services company, has agreed to a $360 million buyout by private equity firm Symphony Technology Group and private investment firm Elliott Management Corp.

California IOU recipients can turn to credit unions and check-cashing storefronts if a state budget deal does not appear by Friday and if three major banks refuse to accepting the notes beyond Friday as planned, analysts said on Tuesday.

Bank of America Corp has promoted two senior mergers and acquisitions bankers as it reorganizes following its acquisition of Merrill Lynch & Co and looks to benefit from a possible pickup in deal flow.

The Chinese government has hired three banks to handle the public listing of a railway holding company, a source familiar with the matter said on Thursday, in an IPO that could be worth around $5 billion.

India's Tata Steel, the world's sixth-largest steel maker, plans to sell global depositary receipts worth about $600 million, two sources with direct knowledge of the deal said on Thursday.

Too many regulators will only increase costs and reduce credit opportunities for consumers, JPMorgan Chase & Co Chief Executive Jamie Dimon warned in a column he wrote in Saturday's Wall Street Journal.

U.S. commercial banks reported record trading revenue in the first quarter of 2009, benefiting from wide trading margins and gains from interest rate products, the Office of the Comptroller of the Currency said on Friday.

Dealmakers saw business pick up again in the second quarter as they helped companies raise cash in capital markets, but lucrative mergers and acquisitions (M&A) languished.

Auto parts supplier Lear Corp is preparing to file for bankruptcy as soon as next week, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

JPMorgan tops a list of the world's strongest banks, while Royal Bank of Scotland suffered the biggest loss of any lender last year, according to new industry rankings on Wednesday.

U.S. billionaire Len Blavatnik filed a lawsuit against JPMorgan Chase on Monday, accusing the bank of mismanaging an investment account that held about $1 billion in assets owned by Blavatnik's industrial holding company, Access Industries.

U.S. billionaire Len Blavatnik is planning to file a lawsuit against JPMorgan Chase on Monday, accusing the bank of mismanaging an investment account that held $1 billion in assets owned by Blavatnik's industrial holding company, Access Industries, the New York Times said.

JPMorgan Chase & Co said it expects to record a $1.1 billion charge in its second-quarter results after returning $25 billion in taxpayer funds to the U.S. government.

U.S. retail chain, Eddie Bauer Holdings Inc. filed Wednesday for Chapter 11 bankruptcy protection and entered into a deal worth $202 million with a private equity firm to buy the company’s assets.

The U.S. recession will end in the third quarter, but lingering high unemployment and large federal deficits may pose a longer-term threat, economists advising the American Bankers Association said on Tuesday.

JPMorgan, Goldman Sachs and eight other top U.S. banks won clearance on Tuesday to repay $68 billion in taxpayer money given to them during the credit crisis, a step that may help them escape government curbs on executive pay.

Dismissing strong objections from JPMorgan Chase and American Express Co executives, U.S. regulators insisted the banks raise equity this week before repaying bail-out funds, the Financial Times reported.

Charles Xiaojia Li, former chairman of JP Morgan, was appointed on Wednesday as Chief Executive of Hong Kong Exchanges and Clearing, making the first head of the bourse with a mainland background.

Morgan Stanley is likely to be part of the first wave of major banks to exit the U.S. government's bank bailout program after recently selling more than $2 billion of shares, research analysts said on Wednesday.

American Express Co said on Wednesday that it would suffer less than its rivals from a new U.S. law curbing certain practices by credit card companies because it depends less on interest paid by customers.

JPMorgan Chase & Co is disbanding its stand-alone Principal Investment Management Group's hedge-fund business and private-equity division and shifting staff from this unit to sit within existing businesses, according to a person familiar with the reorganization.

Bank of America Corp , JPMorgan Chase & Co and several other banks said they have raised more than $19 billion as lenders scramble to extricate themselves from Washington's grip.

JPMorgan Chase & Co. took the lead among financial institutions to raise at least $8.7 billion after the Federal Reserve imposed additional capital requirements on banks seeking to repay government aid received.

Stocks rose for a fourth straight day on Tuesday as an upbeat report on home sales bolstered hopes for an economic recovery as well as shares in construction companies.

Stocks rose for the fourth straight day on Tuesday as an upbeat report on sales of previously owned U.S. homes bolstered hopes for an economic recovery.

Bank of America Corp , JPMorgan Chase & Co and several other banks said they have raised more than $19 billion as lenders scramble to extricate themselves from Washington's grip.

U.S. stocks reduced earlier gains on Tuesday as financial shares came under pressure after several companies announced stock offerings. Major indexes had been higher in morning action after better-than-anticipated housing data bolstered hopes that the recession is abating.

U.S. stocks rose on Tuesday as key housing data provided further evidence the U.S. recession was abating.