Japan's Nikkei stock index rose 0.4 percent on Wednesday with trading houses up after a brokerage upgraded Mitsubishi Corp, but gains were limited as a slightly firmer yen dragged on exporters such as Honda Motor Co.
JPMorgan Chase & Co and several other banks eager to escape the restrictions and stigma linked to government bailout funds may get the chance to do so in the next few weeks.
Several major banks are seeking permission to repay government bailout funds, and JPMorgan Chase & Co expects repayments to begin within the next couple of weeks.
U.S. housing starts and permits fell to record lows in April, weighed down by a slump in multifamily units, according to data on Tuesday that still hinted the U.S. recession may be drawing to a close.
Stock index futures rose on Tuesday, positioning Wall Street to recoup the rest of last week's losses, as upbeat quarterly results from Home Depot Inc bolstered hopes the economic downturn was easing.
Goldman Sachs Group Inc, Morgan Stanley and other banks have applied to repay billions of dollars they borrowed under the U.S. government's Troubled Asset Relief Program, sources familiar with the situation said on Monday.
World stocks rose for a third day running on Tuesday with banking stocks leading the gains in Europe, while oil hit a six-month peak.
State Street Corp said it plans to sell $1.5 billion of stock and will also sell notes to help repay government bailout funds, and took a $3.7 billion charge to move some assets onto its balance sheet at a loss.
Stocks rose on Monday as a solid quarterly profit and raised forecast from Lowe's Cos Inc , the No. 2 U.S. home improvement retailer, fueled hopes the economic slump was easing and spending was stabilizing.
Vornado Realty Trust’s Michael Fascitelli has officially taken on chief executive officer role after a vote by the firm’s board. Fascitelli, 52, succeeds Steven Roth, 67, who retains the Chairman title.
Documents made public on Wednesday confirm former U.S. Treasury Secretary Henry Paulson gave nine major banks no choice but to allow the government to take equity stakes in them as the Bush administration moved to address turmoil in the financial industry.
Corrects fifth paragraph to losses instead of lawsuits
Documents made public on Wednesday confirm former U.S. Treasury Secretary Henry Paulson gave nine major banks no choice but to allow the government to take equity stakes in them as the Bush administration moved to address turmoil in the financial industry.
Documents made public on Wednesday confirm former U.S. Treasury Secretary Henry Paulson gave nine major banks no choice but to allow the government to take equity stakes in them as the Bush administration moved to address turmoil in the financial industry.
Former Treasury Secretary Henry Paulson told nine banks last year that they should accept a federal infusion of funds or be forced to by the regulators, according to a report.
Hopu Investment Management Co., led by Goldman Sachs Group Inc’s China partner Fang Fenglei, on Tuesday acquired a 5.8 percent stake in China construction Bank Corp for about $7.3 billion from struggling Bank of America Corp, people with knowledge of the matter told Bloomberg.
Bank of America sold $7.3 billion worth of shares in China Construction Bank on Tuesday, according to a source, just days after a U.S. government stress test found the struggling U.S. bank needed to find $34 billion worth of capital.
Four big U.S. banks on Monday said they would sell $6.55 billion of common stock and repay funds from the government's bank bailout program, after federal stress tests showed they can weather a deep recession without new capital.
Goldman Sachs Group Inc agreed to pay up to $60 million to settle a Massachusetts probe into whether its subprime mortgage securitization business had encouraged unfair loans, state officials said on Monday.
The U.S. state of Massachusetts has reached a multimillion dollar settlement with Goldman Sachs Group Inc regarding subprime mortgages, state Attorney General Martha Coakley said on Monday.
Four big U.S. banks on Monday announced plans to sell more than $6 billion of common stock, in an effort to raise capital and repay funds received under the government's bank bailout program.
Four big U.S. banks on Monday announced large common stock offerings and said they would use proceeds to repay funds received under the government's bank bailout program.
