Wells Fargo Investments LLC has agreed to repay about $1.3 billion to clients whose funds were frozen in the auction-rate securities market in a settlement with state securities regulators, an industry association said on Wednesday.
Mitsubishi UFJ Financial Group became the third major Japanese bank to post upbeat results, underscoring the improving outlook for the sector, and said it would raise $11 billion to meet stricter capital rules.
Goldman Sachs Group Inc could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc, according to a government report.
U.S. stocks were set to open lower on Wednesday after data showed U.S. housing starts fell unexpectedly in October, offsetting strength in the natural resources sectors amid U.S. dollar weakness.
Investors shifted out of bonds into equities and commodities in November as confidence in the global economic recovery underpinned their risk appetite, a survey showed on Wednesday.
Mitsubishi UFJ Financial Group posted a 59 percent rise in quarterly profit helped by stronger lending, becoming the third major Japanese bank to post market-beating results, in a sign that Tokyo's lenders may now be on the mend.
U.S. stock index futures edged higher on Wednesday as weakness in the U.S. dollar underpinned natural resource shares, including gold miners, ahead of key data on October housing starts and consumer prices.
* U.S. stock index futures pointed to a mixed opening on Wall Street on Wednesday as investors await U.S. inflation and housing start figures.
U.S. stock index futures pointed to a mixed opening on Wall Street on Wednesday as investors await U.S. inflation and housing start figures.
Goldman Sachs Group Inc, facing criticism over its outsized profits and bonuses, will contribute $500 million to programs that help small businesses, the company said on Tuesday.
John Thain, former Merrill Lynch & Co Inc chief executive, wants the world to know that he has never thrown a chair.
Japan's Mitsubishi UFJ Financial Group and Morgan Stanley will merge only part of the U.S. firm's Japan brokerage operation with MUFG's, revising their earlier pact, the Nikkei business daily reported on Wednesday.
BlackBerry holds its ground;Fed remains vigilant on inflation;EU's 'Dark Pools' review
U.S. stocks rose to fresh 13-month highs on Tuesday as upbeat broker views on improving prospects for two Dow components offset disappointing holiday spending outlooks from Target and Home Depot.
Lazard Ltd on Tuesday named insider Kenneth Jacobs as CEO and chairman, succeeding legendary Wall Street dealmaker Bruce Wasserstein, who died last month.
Most of the thousands of rich people whose UBS bank accounts are to be handed over to U.S. authorities are suspected of serious fraud rather than simple tax evasion, Swiss authorities revealed on Tuesday.
European Union securities regulators will complete their review of dark pool share trading venues by year end and may ask the bloc's executive to take speedy action, a top supervisor said on Tuesday.
Some 14,700 rich Americans worried about a U.S. government crackdown on offshore tax cheats came forward to participate in a tax amnesty program, the top U.S. tax official said on Tuesday.
Target Sees Price War; Obama's Economic Campaign; Tame Inflation Ahead
New York Stock Exchange member firms earned a record $35.7 billion for their broker-dealer operations in the first six months of this year, which is 1-1/2 times above the previous high-water mark set in 2000, the state comptroller said in a report on Tuesday.
Switzerland will hand over the names of wealthy U.S. clients of UBS suspected of tax evasion or fraud, to settle a bitter row that cut through bank secrecy and threatened to bring the bank to its knees.
Rothesay Life, the Goldman Sachs-owned insurer, said it would insure pension benefits worth 370 million pounds ($623 million) for private equity firm CDC Group Plc, boosting a long-stagnant pensions derisking market.
