Sponsored by Merrill Lynch

UBS AG is in talks to hire former Merrill Lynch executive Robert McCann to head its wealth management business in the Americas, the Financial Times said on Tuesday, citing people close to the negotiations.

Bank of America Corp has agreed to pay $33 million to settle charges that it made false and misleading statements to investors about bonuses at Merrill Lynch & Co, the U.S. Securities and Exchange Commission said on Monday.

BofA Charged, Google CEO, Apple Split, Ford's Fortune

Bank of America Corp was charged by the SEC on Monday with making materially false and misleading statements in the Merrill Lynch acquisition, court documents said.

HTC , the world's No.4 smartphone maker, plunged by its daily 7 percent maximum limit on Monday after it unexpectedly slashed its revenue forecast for this year.

Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.

Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.

Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.

Bonuses paid to executives at nine banks who received U.S. government bailout money in 2008 were in some cases greater than net income, the office of New York Attorney General Andrew Cuomo said on Thursday.

PennyMac Mortgage Investment Trust, which buys distressed home loans and is run by several former Countrywide Financial Corp executives, on Wednesday raised $320 million from an initial public offering, $80 million less than planned.

China's central bank pledged to maintain loose monetary policy to support the economy and said it would ensure sustainable credit growth without resorting to heavy-handed quotas to rein in a lending spree.

Spain's Banco Santander has appointed advisers to spin off its Brazilian business in a 2.6 billion-pound ($4.3 billion) initial public offering to create one of Brazil's largest banks, the Financial Times reported.

One month on from a cancer scare that investors feared might sink sales of Sanofi-Aventis's diabetes treatment Lantus, the French drugmaker appears to have escaped the worst.

The New York Federal Reserve on Monday named Japan's Nomura Securities International as a U.S. primary dealer of Treasury securities, effective immediately.

An Asian country with large, government-backed energy companies seeks growth through cross-border acquisitions. It's inexperienced in such deals however, and gets off to a shaky start.

Bank of America's (BAC.N) Merrill Lynch is in talks with several firms including Blackstone (BX.N) and Apollo Investment Management to sell management rights of its $2.65 billion Asian Real Estate Opportunity Fund, a source with knowledge of the deal said.

Nomura Holdings Inc's U.S. brokerage unit said it has hired Ciaran O'Kelly from Bank of America Corp as a managing director and head of equities in the Americas.

Bank of America Corp, the largest U.S. bank, posted a quarterly profit that topped Wall Street forecasts but warned of a fresh surge in soured loans to credit card, mortgage and business customers.

Bank of America Corp posted a quarterly profit that topped Wall Street forecasts, but the largest U.S. bank warned of a fresh surge in troubled loans from credit card, mortgage and business customers due to the weak economy.

U.S. lawmakers on Thursday ripped into former Treasury Secretary Henry Paulson over the government's role in Bank of America's merger with Merrill Lynch and other actions to cope with the deep financial crisis that gripped the country last year.

U.S. lawmakers on Thursday slammed former Treasury Secretary Henry Paulson over the government's role in Bank of America's merger with Merrill Lynch, saying authorities suppressed information about losses and bullied executives into going through with the deal.

Jobless claims, JPMorgan results Paulson on the Hill, Earnings continue

The unemployment claims report compiled weekly will release the number of individuals who filed for unemployment insurance for the first time for the week ending July 11. Initial jobless claims in the July 4 week fell a very steep 52,000 to 565,000 -- the lowest level since the beginning of the year.

Former U.S. Treasury Secretary Henry Paulson said that he acted appropriately in warning Bank of America Chief Executive Kenneth Lewis that top executives could be ousted if they walked away from a merger with Merrill Lynch.

Goldman Sachs Group Inc said quarterly earnings surged 33 percent on blowout trading results, trouncing forecasts and putting the bank on pace for hefty bonuses that could draw unwanted scrutiny.

A U.S. Republican lawmaker involved in a congressional probe of government influence over Bank of America's purchase of Merrill Lynch has asked for more documents from the Treasury Department and the New York State Attorney General to shed light on government intervention in the banking system.

The U.S. government and the largest Swiss Bank, UBS, are in talks to settle a lawsuit whereby the U.S. government is seeking the names of American account holders suspected of offshore tax evasion. The court hearing for this case is scheduled For August 3.

China Eastern Airlines said it will acquire rival Shanghai Airlines, a 9 billion yuan deal ($1.3 billion) which will create a newly capitalized carrier with more than half the air business in China's financial hub.

Bank of America Corp is trying to avoid paying billions of dollars in fees to U.S. taxpayers for guarantees against losses at Merrill Lynch, saying the rescue agreement was never signed and the funding never used, Bloomberg reported citing people familiar with the matter.