INVESTMENT

Bank of America Corp said it plans to shrink its 6,109-branch U.S. network modestly over the next three to five years, an about-face for the nation's largest bank by assets after years of expansion.

former Asia Pacific CEO for Lehman Brothers will step down from his chairman role at Nomura Holdings, according to a memo obtained by Reuters on Tuesday, potentially dealing a blow to morale among ex-Lehman staff now at the Japanese brokerage.

Stocks were set to dip at Tuesday's opening after a handful of companies, including Viacom Inc and Office Depot Inc, posted disappointing quarterly results and investors sought more evidence of the economic rebound.

Deutsche Bank AG braced for an economic slump by raising loan loss provisions in the second quarter, overshadowing a nearly 70 percent rise in net profit driven mainly by its investment bank.

Stock index futures dropped to session lows on Tuesday as several companies, including Office Depot Inc , posted lackluster quarterly results and investors turned cautious ahead of key reports on home prices and consumer confidence.

Deutsche Bank AG's second-quarter net profit rose 68 percent to 1.092 billion euros ($1.56 billion), boosted by its investment banking arm, but loan provisions rose sharply as economic slowdown took its toll.

Asian stocks hit a 10-month high for a seventh day on Tuesday as investors were lifted by improving corporate earnings, though the non-stop pace of the rally caused some to wonder if it was overdone.

Asian stocks hit a 10-month high for a seventh day on Tuesday as investors were lifted by improving corporate earnings, though the non-stop pace of the rally caused some to wonder if it was overdone.

Putnam Investments plans to cut fees on some mutual funds, not wanting pricing to hinder growth, the Wall Street Journal said, citing an interview with the company's head of global marketing Jeffrey Carney.

The New York Federal Reserve on Monday named Japan's Nomura Securities International as a U.S. primary dealer of Treasury securities, effective immediately.

Stocks rose slightly on Monday in a late rally as investors rotated into financial shares, which had lagged in the recent two-week run-up.

Congress will consider steps to curb speculation in the $39 trillion credit default swaps market and could prohibit investors from speculating on a borrower's credit quality, according to a U.S. House of Representatives Committee document obtained by Reuters.

Stocks rose slightly on Monday in a late rally as investors rotated into financial shares, which had lagged in the recent two-week rally.

A former AXA Advisors LLC broker was permanently barred from the U.S. securities industry for running a more than $600,000 Ponzi scheme whose victims included members of his own church, the Financial Industry Regulatory Authority said.

John Costas, who helped make UBS AG into one of the world's biggest investment banks, wants to build a lasting Wall Street player -- and put the 2007 demise of hedge fund Dillon Read Capital Management behind him.

December Gold- Our charts are showing that the market could and should attempt to take out the 1,000 level in the next few weeks or at least months.

Debate over controversial EU laws on hedge funds shifted to the United States on Monday as a key industry body warned of protectionist aspects of the rules which have prompted Washington to lobby for changes. The Alternative Investment Management Association said the planned laws on alternative investment funds create potentially major difficulties and loss of business for funds and investors...

Debate over controversial EU laws on hedge funds shifted to the United States on Monday as a key industry body warned of protectionist aspects of the rules which have prompted Washington to lobby for changes. The Alternative Investment Management Association said the planned laws on alternative investment funds create potentially major difficulties and loss of business for funds and investors...

A U.S. Treasury official overseeing compensation at firms that got big federal bailouts may renegotiate pay packages that he thinks are too generous, the Wall Street Journal reported on its website on Sunday.

Citigroup Inc said on Sunday some 99 percent of its stock was tendered in an exchange offer for publicly held securities, in a key step toward giving the U.S. government a 34 percent equity stake in the bank.

JP Morgan Chase & Co revamped some of its senior equities staff looking to gear the bank for more push into prime brokerage, the Wall Street Journal said, citing people familiar with the matter.