The U.S. brokerage watchdog is probing how Wall Street firms, including JP Morgan Chase and Citigroup Inc , offer stock research, two people familiar with the probe said on Friday.
The energy, finance, technology and healthcare industries are expected to be the hottest areas in a dealmaking market that in 2010 is likely to expand gradually from this year's depressed levels.
U.S. securities regulator FINRA has launched an inquiry into how Citigroup , J.P. Morgan Chase , Morgan Stanley and others offer stock ratings and research, the Wall Street Journal reported, citing people familiar with the matter.
In the lucrative business of underwriting and selling a company's stock, J.P. Morgan led the world's banks this year, earning an estimated $2.2 billion in fees, or nearly double what it hauled from the deals last year.
In the lucrative business of underwriting and selling company stock, J.P. Morgan led the world's banks this year, earning an estimated $2.2 billion in fees, or nearly double what it hauled from the deals last year.
Stocks fell on Thursday as the dollar's rebound spurred a safe-haven trade, cutting demand for riskier assets, while a soft profit outlook from economic bellwether FedEx sank transportation shares.
U.S. stocks fell on Thursday as the dollar's rebound spurred a safe-haven trade, cutting demand for riskier assets, while a soft profit outlook from economic bellwether FedEx sank transportation shares.
U.S. stocks fell on Thursday as the dollar's rebound quelled demand for risky assets, while a soft FedEx forecast hit transportation shares and a prominent analyst cut estimates for two major banks.
U.S. stocks fell on Thursday as a rebound in the dollar dampened appetite for risk, while a FedEx forecast weighed on transportation shares and a prominent analyst cut estimates for two major banks, compounding losses for financials shares.
Deutsche Bank (DBKGn.DE) is interested in bidding for commodity trading joint venture RBS Sempra as part of plans to strengthen its commodities business and is one of several suitors remaining, people familiar with the matter said on Thursday.
Bailed-out U.S. insurer American International Group plans to file a prospectus for a multibillion-dollar IPO of its Asian life insurance unit before Christmas, the Financial Times reported on Thursday.
Four times last year, Nabors Industries' corporate board descended on the luxurious Fairmont Hamilton Princess Hotel in Bermuda for three days of round-the-clock meetings.
So Shooters, today's big news: Citigroup to pay back $20 billion in TARP to government. Why stop so soon the magic IV drip known as TARP funding (which had just been so graciously extended by Treasury)? Well, it's not because the company is back in good health. They just want to keep ahead of the talent-poaching with the zombies doing jumping jacks - the likes of Goldman Sachs.
Terreno Realty Corp on Monday filed for an initial public offering in a move that would let it profit from the economic recession and tight credit.
The U.S. Federal Reserve's executive compensation reforms are not significantly burdensome for Morgan Stanley and Goldman Sachs as the two Wall Street giants largely met the new standards even prior to the credit crisis, Sanford C Bernstein said.
DLF Assets, owned by the founders of India's top real estate firm DLF (DLF.BO), is reviving plans for a Singapore listing of its real estate investment trust, encouraged by the global equities rally, three sources said.
Goldman Sachs Group Inc is being sued by an institutional investor who claims the firm is preparing to pay out improper bonuses.
Wells Fargo & Co said on Monday it will repay the entire $25 billion it received from the government under the Troubled Asset Relief Program, after selling $10.4 billion of common shares.
President Barack Obama said Monday that Banks must be active in helping accelerate the U.S. economic recovery after receiving help from taxpayers.
President Barack Obama told top U.S. bankers on Monday they owed the country their help in lifting the economy out of crisis and implored them to lend more money and get behind financial reforms.
President Barack Obama planned to get tough with executives from top U.S. banks on Monday and tell them that they must help lift the country out of the economic crisis they helped to create.
President Barack Obama may have some tough words for executives of Goldman Sachs, Citigroup and other financial firms when he meets with them on Monday.