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Wall St closes up as risk appetite returns

Stocks ended higher on Wednesday as the U.S. dollar fell and investors' appetite for risk returned, lifting shares of financial, technology and natural resource companies.

BofA sends TARP repayment, may ease CEO search

Bank of America Corp fully repaid the U.S. government the $45 billion in aid it took during the height of the financial crisis, the company said on Wednesday.

Citi positioned to repay TARP: report

Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as this Thursday, cable television network CNBC reported on Wednesday, citing sources.

Citi positioned to repay TARP: Parsons to CNBC

Citigroup Inc is in a position to repay TARP, the bank's chairman, Dick Parsons, told cable television network CNBC on Wednesday.

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MetLife sees '10 oper earns up 50 percent; shares up

MetLife Inc forecast fourth-quarter and 2010 earnings that could beat average Wall Street expectations, helped by cost cuts, improved investment returns and higher revenue, but said it did not see a return to historical growth levels until 2011 or 2012.

Wall Street set to dip as interest rate concerns grow

Wall Street was poised for a soft open on Monday on growing sentiment U.S. interest rates could rise sooner than had been anticipated following last week's surprisingly optimistic jobs report.

Kuwait sells Citi stake, makes $1.1 billion profit

Kuwait's sovereign wealth fund said on Sunday it had sold its stake in Citigroup Inc for a profit of $1.1 billion, becoming the latest Gulf investor to sell foreign shares as markets improve.

U.S. bank bailout estimate cut by $200 billion

The projected long-term cost of the U.S. government's bailout of the nation's big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said on Sunday night.

Citi seeks government nod to repay taxpayers: report

Citigroup Inc is trying to persuade the U.S. government to allow it to repay $20 billion in taxpayer funds before a window to launch a share sale effectively shuts by the middle of next week, the Financial Times reported on Sunday.

Japan to give JAL $7.7 billion loan guarantee: report

Japan's government plans to guarantee about 700 billion yen ($7.7 billion) in loans and other funds provided by financial institutions to keep Japan Airlines Corp. afloat, the Nikkei business daily reported.

Hedge funds still keen on big banks

Financial stocks are still top bets among some of the largest hedge funds, which continued piling into big banks like JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) in the third quarter.

Toll Brothers posts wider Q4 loss, shares fall

Luxury U.S. homebuilder Toll Brothers Inc reported a wider-than-expected quarterly loss on Thursday as revenue slumped and it wrote down the value of its land holdings, sending its shares down 7.5 percent.

Judge ends Enron shareholder lawsuit against banks

Exactly eight years after Enron Corp filed for bankruptcy protection, a federal judge has dismissed a lawsuit by investors against banks they accused of helping the energy company commit fraud.

Singapore's Tiger Airways taps banks for IPO-sources

Singapore budget carrier Tiger Airways, 49 percent owned by Singapore Airlines, has tapped three banks for an initial public offering expected in January, sources said on Thursday.

UK banks have $5 bln exposure to Dubai World: report

Four British banks have a $5 billion combined exposure to Dubai World, making them the biggest foreign creditor group at the Dubai state-owned conglomerate, the Financial Times said on Thursday.

Barclays appoints US lev loan syndicate head - memo

Barclays Capital has appointed Tim Broadbent to lead its U.S. Leveraged Loan Syndicate team, according to an internal memo, filling a gap left when Bill Hughes departed to join Citigroup.

Significant risks to U.S. bank stocks exist: Citigroup

Citigroup said there are substantial risks facing U.S. bank stocks now, but in the near term these stocks can grind higher given a combination of the Federal Reserve's accommodative stance plus a modest recovery.

Staples results top estimates, sees sales rising

Dhanya SkariachanStaples Inc reported quarterly results that topped analyst estimates and forecast a sales rise in the current quarter as trends improve at its North American retail business.

Staples results top estimates, sees sales improving

Staples Inc reported quarterly results that topped analyst estimates and forecast a sales rise of 1 percent to 3 percent in the current quarter as trends improve at its North American retail business.

CO2 trade pointless versus China growth-trader

Trade in permits to pollute is largely pointless when compared with the scale of growth in greenhouse gases in China and must be scaled up, one of the carbon market's most senior traders said on Monday.

Citigroup names Willem Buiter as chief economist

Citigroup Inc on Monday named Willem Buiter as the bank's new chief economist replacing Lewis Alexander, the bank said.

UK banks eclipse rivals on UAE loan exposure

British banks have far greater exposure to potential problem debts in the United Arab Emirates than rivals in France, the United States, Japan or anywhere else, loans data show, as worries mount about the region.

Fed asks U.S. banks to submit TARP repayment plans

The U.S. Federal Reserve this month asked banks that were part of its stress tests to submit plans to repay government money, if they have not already repaid it, a person familiar with the situation said on Tuesday.

BMO profit up 16 pct, to buy Diners Club business

Bank of Montreal reported a higher-than-expected quarterly profit on Tuesday and said it was buying the Diners Club North America credit card business to double its corporate card portfolio.

Daily Outlook - Nov 24

Move to Relax AIG Pay Rules;Warner Bros.'s Loss; GM's Advance in Germany

Citigroup to sell BMO a Diners Club business

Citigroup Inc (C.N) said on Tuesday that it would sell its Diners Club North America credit card business to Canada's BMO Financial Group (BMO.TO), as part of its strategy to shed noncore or unwanted assets.

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