Marsh & McLennan Cos Inc , the No. 2 global insurance broker, posted quarterly results in line with expectations on Wednesday and forecast improved profitability for its brokerage business, sending its shares up 4.3 percent.
Deutsche Bank is in talks to take a minority stake in Sal. Oppenheim that could eventually lead to a take over of the embattled private bank and herald further consolidation in Europe's wealth management industry.
China will stick to its loose fiscal policy for at least three years despite a growing budget deficit, a government economist said in comments published on Wednesday.
House shopping growing, Layoffs to grow, Consumer profit slides
Citigroup plans to sell 20 businesses in consumer finance area, many of them located in Europe, its CEO Vikram Pandit said in an interview with Singapore's Business Times.
Industrial conglomerate Emerson Electric Co reported a 37 percent drop in quarterly net profit on Tuesday and said no significant economic recovery was likely before late 2010.
Top U.S. bank regulators spoke out on Tuesday against key elements of the Obama administration's plan to reshape financial regulation, calling some parts unneeded or disruptive.
The Indonesian unit of Citigroup is interested in possible acquisitions in Indonesia's bank sector, Country Officer Shariq Mukhtar told Reuters in an interview on Tuesday.
Australia and New Zealand Banking Group Ltd (ANZ) and Standard Chartered Plc lined up opportunistic buys in Asia, seeking growth in a region expected to lead the world out of recession.
Phibro LLC the energy trading unit of Citigroup may separate from its parent company, according to a report from the New York Times which said Andrew Hall, a senior trader at Phibro has had preliminary talks to other parties about the separation.
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.
Andrew Hall, the trader behind Phibro LLC, the energy trading arm of beleaguered bank Citigroup , is quietly pushing for a quiet divorce from his parent company and has had preliminary talks with one possible suitor, The New York Times reported on Sunday.
The U.S. Federal Deposit Insurance Corp launched the first test of its Legacy Loans Program that could eventually help banks rid their balance sheets of toxic assets so they can raise new capital and increase lending, the agency said on Friday.
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.
One hundred ninety-seven years, one month and 14 days after its founding, Citigroup Inc has given a roughly 34 percent stake to U.S. taxpayers.
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.
Citi continues to refuse to discuss its 10 percent stake Al Raya Investment, four days after the Kuwaiti firm's chief executive was found dead.
Microsoft issued poor fourth-quarter earnings with profit plunging 29 percent, its first decline in full-year revenue in the company's 34-year history.
Phibro LLC, the energy trading arm of beleaguered bank Citigroup , was mum Tuesday after the White House criticized a reported $100 million pay plan for its top trader Andrew Hall as out of whack.
General Electric Co's finance arm is navigating the current recession more or less as it had predicted in March and does not expect to turn to investors for more capital, company officials said on Tuesday.
Bank of America Corp said on Tuesday it plans to modestly reduce the size of its U.S. branch network over the next three to five years, but does not have plans to eliminate 10 percent of its branches.
