CITIGROUP

Dubai will recapitalize its Dubai World conglomerate and repay property unit Nakheel's bonds in full, with $9.5 billion of aid for a debt deal promising creditors all their money back in up to eight years.

JPMorgan Chase is closing in on a deal with the Federal Deposit Insurance Corp that could result in a tax refund of about $1.4 billion for the bank, the Wall Street Journal reported, citing people familiar with the talks.

The Obama administration's pay czar on Tuesday clamped down on 2010 pay at five U.S. firms that still depend on a government lifeline, but boasted that his burdensome restrictions are not sending talented workers fleeing for the exits.

E*Trade Financial Corp named Steven Freiberg as its new chief executive and said it plans a reverse stock split, betting a former Citigroup Inc executive with consumer experience but a limited online brokerage resume will help it emerge from lending problems.

Citigroup Inc Chief Executive Vikram Pandit has done a tremendous job at the bank, the bank's chairman said on Monday in an interview with Bloomberg Television.

Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdown in trading.

Citigroup's life insurance unit Primerica filed for an initial public offering of up to about $234 million, as part of the financial giant's plans to shed assets outside its core banking business.

Lehman Brothers Holdings Inc ousted whistle blower Matthew Lee just weeks after he had raised concerns with Lehman's auditor about the firm's accounting in 2008, the Wall Street Journal said, citing people familiar with the matter.

Credit card delinquency rates improved at JPMorgan Chase & Co and a majority of others -- a sign the lenders still face hurdles in the wake of the deep recession.

Credit card delinquency rates slipped or held firm at most major U.S. lenders last month, showing fewer Americans are falling behind on bills, and providing some evidence that the worst of consumers' stress may be over.

Citigroup named Keshav Sanghi as head of India equities, just two months after he joined the firm as head of sales and deputy head of equities for its Indian business.

Investors will try to tack another leg on to the year-long U.S. stock rally, looking to this week's economic data and statement from the central bank for evidence the recovery is still on track.

Private equity firm KKR and U.S. music company Warner Music Group are in talks to launch a break-up bid for Warner's indebted British rival EMI , reported the Sunday Times.

Investors will try to tack another leg on to the year-long U.S. stock rally, looking to next week's economic data and statement from the central bank for evidence the recovery is still on track.

Major U.S. stock indices erased earlier gains to trade negative for the day. Lower than expected consumer sentiment index, a technical resistance for the S&P 500, and declining shares of drug companies pushed the market down.

The S&P 500 gained 4.63 points, or 0.40 percent, to close at 1,150.24, below the 2010 intraday high of 1,150.45 and slightly above the closing high of 1,150.23, both made on January 15.

Bank of America Corp's push into the competitive realm of managing retirement assets is paying early dividends.

Citigroup Inc Chief Executive Vikram Pandit told investors on Thursday the bank is on track to return to sustained profitability and losses from some of its worst assets should be manageable if the economy does not deteriorate.

U.S. bank JPMorgan has agreed to set up an investment banking venture with China's First Capital Securities this year.

JP Morgan's private bank has embarked on an international expansion in a bid to reduce its focus on the United States, expand its Europe footprint and join the battle to tap the ultra-wealthy in emerging markets.

Macquarie Group Ltd, Australia's largest investment bank, wants to add more bankers in the United States to advise energy, industrial and technology companies, Bloomberg reported on Wednesday, citing an interview with a top company executive.