Stock index futures pointed to a higher open on Wall Street on Monday ahead of key housing data.
Asian stocks punched to a seven-month peak on Monday, fueled by confidence the global economy is recovering faster than expected and a further jump in Taiwanese shares on hopes for an influx of Chinese investment.
Asian stocks punched to a seven-month peak on Monday, fueled by confidence the global economy is recovering faster than expected and on a further jump in Taiwanese shares on hopes for an influx of Chinese investment.
Bank of America Corp is working on plans to raise more than $10 billion in fresh capital, even as it and Citigroup Inc launch last-ditch attempts to convince the U.S. government they do not need to bolster their balance sheets, the Financial Times reported.
The financial sector will make up a smaller part of the U.S. economy in the future as new regulations clamp down on massive risk-taking, President Barack Obama said in an interview published on Saturday.
U.S. stocks keep proving the naysayers wrong, as major averages continue to gain despite expectations for the recent rally's demise. And next week may be no different.
The amount of capital that Citigroup Inc would need to raise after U.S. stress test results are finalized is likely to be manageable if the bank needs to boost its equity at all, people familiar with the matter said on Friday.
The amount of capital that Citigroup Inc would need to raise after U.S. stress test results are finalized is likely to be manageable if the bank needs to boost its equity at all, people familiar with the matter said on Friday.
The amount of capital that Citigroup Inc would need to raise after U.S. stress test results are finalized is likely to be manageable if the bank needs to raise funds, people familiar with the matter said on Friday.
Citigroup Inc may need to generate up to $10 billion in new capital to meet the requirements of the U.S. government's stress tests, the Wall Street Journal reported on its website on Friday,
The true dimensions of the U.S. credit crisis will become much clearer next week with the release of results from unprecedented government stress tests of the nation's 19 largest banks and their capital needs.
Citigroup said it will sell its Japanese domestic securities business to Sumitomo Mitsui Banking Corporation for $7.9 billion or ¥774.5 billion.
Wall Street was poised for a flat open on Friday as a reassessment of the recent sharp market run-up could keep gains in check despite hopes the economic slowdown is moderating.
Sumitomo Mitsui Financial Group will buy Citigroup's Japanese broker and key investment banking units for $5.9 billion and look to form a financial services powerhouse through an alliance with Daiwa Securities Group.
Stock index futures pointed to a higher open on Friday on optimism the economic slump is waning, but a reassessment of the recent sharp market run-up could keep gains in check.
Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are up 0.3-0.4 percent, pointing to a higher start on Wall Street.
Sumitomo Mitsui Financial Group , Japan's third-largest bank, will buy Citigroup's Japanese brokerage and key investment banking units for $5.9 billion in a deal likely to reshape Tokyo finance and create a banking powerhouse.
Sumitomo Mitsui Financial Group said it would buy Citigroup's Japanese brokerage and key investment banking businesses for at least $5.6 billion in a deal that will reshape Tokyo's finance sector and create a banking powerhouse.
Citigroup Inc executives are using the sale of its Japanese retail brokerage Nikko Cordial to ease demands from the U.S. stress tests on banks, arguing the sale of non-core assets such as Nikko would strengthen its balance sheet, the Financial Times reported, citing people close to the matter.
The U.S. House of Representatives overwhelmingly approved credit card legislation on Thursday aimed at protecting consumers from hidden fees and sudden interest rate hikes.
Industrial conglomerate Tyco International Ltd posted a net $2.57 billion quarterly net loss as it wrote down assets in light of the weak economy, but earnings before special items beat Wall Street expectations.
Stock index futures pointed to a higher start for Wall Street on Thursday ahead of a flurry of results as well as U.S. core personal consumption expenditure, jobless figures and Chicago PMI data.
