Broker-dealers won additional time from federal regulators to comply with new rules banning naked access, where brokers rent their IDs to unlicensed high-speed traders.
The World Bank's political risk guarantee agency said on Monday it would mobilize about $1 billion for insurance coverage for countries in the Middle East and North Africa to encourage foreign direct investment.
New regulations announced over the weekend will likely benefit PNC Financial Services Group Inc, US Bancorp and smaller U.S. banks at the expense of bigger competitors including Bank of America Corp and JPMorgan Chase & Co.
A former Citigroup Inc vice president charged with embezzling $19 million from the bank's accounts -- an alleged fraud that went undiscovered for more than a year and a half -- pleaded not guilty in Brooklyn federal court on Monday.
Bidders for the operator of Canada's largest stock exchange stepped up their last-minute push for votes on Monday as the deadline loomed for TMX Group shareholders to decide between a takeover offer from the London Stock Exchange or from a home-grown rival.
TURNING ON THE CHARMSolomon avoids the spotlight. Bald and paunchy, with a gravelly voice and a casual demeanor, he hardly radiates power. Described by friends as a family man close to his wife and two daughters, Solomon lives in an apartment on tony Central Park West in Manhattan, and is not known to flaunt his wealth.
Lehman Brothers Holdings Inc is preparing to sell its stake in a Manhattan building that once housed the International Toy Center to JPMorgan Chase & Co for about $700 million, the Wall Street Journal said on Monday, citing people familiar with the matter.
U.S. consumer spending failed to rise in May, breaking 10 straight months of gains, as households struggled with rising prices and automakers could not deliver some popular models due to fallout from Japan's earthquake.
Stocks rose from three days of losses on Monday, led by banks after news of more favorable capital requirements and optimism over Greece's austerity plan, but investors cautioned against high hopes.
Private equity and real estate firm Blackstone Group was recently asked by the Securities and Exchange Commission to provide extra information about how it remunerates its executives, according to regulatory filings made public on Monday.
Governments cannot ban the sale or rental of violent video games to minors because it would violate free-speech rights, the U.S. Supreme Court said on Monday in its first ruling in a video game case.
TomTom, the Dutch technology company best known for personal navigation devices used by car and truck drivers, cut its 2011 outlook for the second time on Monday citing weak electronics markets.
Bank of Montreal's BMO Capital Markets, fresh from a two-year hiring spree, is further staffing up its U.S. investment bank to take advantage of a surging market for merger advisory.
Two years after real-estate mogul Sam Zell's brief control of Tribune Co ended in bankruptcy, warring creditors made their final pitches on Monday for the best way to get the owner of the Los Angeles Times out of Chapter 11.
U.S. stocks rebounded from three days of losses on Monday, led by banks after regulators announced global capital rules that investors viewed as less as onerous as previously anticipated.
Stocks rebounded from three days of losses on Monday, led by banks after regulators announced global capital rules that investors viewed as less onerous than previously expected.
Green is back in venture capital circles -- but call it light green.
A former vice president of Citigroup Inc was charged on Monday with embezzling more than $19 million from the company's accounts.
Green is back in venture capital circles -- but call it light green.
France offered a radical solution on Monday for banks to roll over holdings of Greek debt for 30 years as the Greek government fought to get backbench rebels to support a crucial austerity plan to avert bankruptcy.
The London Stock Exchange has launched a super-fast trading service in its latest bid to court more business from high-frequency trading firms.
The government cannot ban the sale or rental of violent video games to minors as this would violate free-speech rights, the Supreme Court said on Monday in its first ruling in a video game case.
Europe's banks may need to raise over 50 billion euros ($71.6 Billion) after regulators slapped an extra capital surcharge on big lenders to make them safer and forbid the use of debt to pad out the extra cushion.
Internet giant Google's tussles with some governments over Internet censorship could get worse, Executive Chairman Eric Schmidt said on Monday, adding he feared his own colleagues faced mounting danger of occasional arrest and torture.
U.S. consumer spending was unchanged in May for the first time in almost a year, likely reflecting a plunge in auto sales, according to a government report on Monday, that also showed a build-up in underlying inflation pressures.
Chinese Premier Wen Jiabao signaled for the first time that China would struggle to meet its 4 percent inflation target this year, underlining expectations that interest rates will rise further even as economic growth slows down.
Consumer spending was unchanged in May for the first time in almost a year, likely reflecting a plunge in auto sales, according to a government report on Monday, that also showed a build-up in underlying inflation pressures.
Consumer spending was flat in May, breaking a string of 10 straight months of gains, as households struggled with rising prices and automakers failed to deliver the models Americans wanted.
Stocks rebounded from three days of losses on Monday as investors bet there would be a near-term resolution to some of the uncertainty over Greece's fiscal crisis, but the absence of a firm plan could limit the market's upside.
French banks, among the most exposed to the Greek debt crisis, have reached an outline agreement to roll over holdings of maturing Greek bonds, part of a wider European plan to avoid sovereign default.
