Stock index futures were lower on Wednesday as worries over Europe once again weighed on investor sentiment, putting the S&P 500 on track for a sixth day of losses.
States are crafting a scaled-back mortgage abuses settlement with top U.S. banks that would exclude California, one of the states hardest hit by foreclosures and falling home prices.
The Federal Reserve plans to stress test six large U.S. banks against a hypothetical market shock, including a deterioration of the European debt crisis.
Year-to-date, company shares have plunged about 93 percent.
U.S. regulators have informed Bank of America's board that the company could face public enforcement action if they aren't satisfied with recent steps taken to strengthen the bank, The Wall Street Journal said, citing people familiar with the situation.
A company run by former American International Group Inc Chief Executive Maurice Hank Greenberg sued the U.S. government for $25 billion, calling the 2008 federal takeover of the insurer unconstitutional.
America may seem to be at the forefront of innovation and technology, but when it comes to credit card payment systems, we're still a step behind.
Cairo police fought protesters demanding an end to army rule for a third day on Monday and morgue officials said the death toll had risen to 33, with many victims shot in the worst violence since the uprising that toppled President Hosni Mubarak.
After being blacklisted by Fannie Mae and Freddie Mac, troubled foreclosure firm Steven J. Baum PC announced on Monday that it would be closing.
Financial-related issues are taking the worst beating in the session.
Citigroup, BNP Paribas and UBS all announced job reductions in this week.
A top tech analyst is predicting that Amazon is likely to release its own smartphone for under $200 next year. Citigroup analyst Mark Mahaney said in a research note that Amazon may sell the smartphone for as little as $170. Citing supply-chain channel checks in Asia, he said Amazon may release its first-ever smartphone by the fourth quarter of 2012.
Seven banks that helped MF Global Holdings Ltd. sell bonds were sued by pension funds who said the bonds' offering prospectuses concealed problems that led to the futures brokerage's collapse.
Merrill Lynch has agreed to pay $315 million to settle a class action filed against it on behalf of investors in 18 mortgage-backed securities trusts, according to Reuters.
Synacor Inc, partly owned by Intel Corp, filed with U.S. regulators on Friday to raise up to $75 million in an initial public offering, reviving its plans to tap the public markets after three years.
Amazon.com Inc may launch its own smartphone in the fourth quarter of 2012, Citigroup said, citing its supply-chain channel checks in Asia.
Amazon.com Inc may launch its own smartphone in the fourth quarter of 2012, Citigroup said, citing its supply-chain channel checks in Asia.
Online reviews site for local businesses Yelp filed its initial public offering with the SEC Thursday. Goldman Sachs and Citigroup are the lead underwriters for the IPO, which is expected in early 2012.
Citibank has sold servicing rights for a $2.6 billion real estate loan portfolio to CWCapital LLC, the companies announced on Wednesday.
Citigroup analysts believe that Amazon will launch its own smartphone in the fourth quarter of 2012.
Banks are shedding jobs worldwide as stricter regulations and a tough six months for trading income take their toll on investment banking units.
Citigroup In c may cut slightly more than 3,000 jobs, becoming the latest U.S. bank to eliminate positions, a source familiar with the matter said.
