New York's attorney general charged Bank of America Corp , former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for allegedly misleading shareholders about the acquisition of Merrill Lynch & Co.
New York's attorney general charged Bank of America Corp , former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for allegedly misleading shareholders about the bank's acquisition of Merrill Lynch & Co.
White House economic adviser Paul Volcker on Tuesday told Congress to curb risky investing by big banks, warning his soul would haunt lawmakers when the next banking crisis hits if they did not heed him now.
Barclays Plc urged a judge to throw out a lawsuit by Lehman Brothers Holdings Inc's bankruptcy estate alleging that it reaped a secret $5 billion profit from its rushed September 2008 purchase of the company's U.S. brokerage.
The rating impact of recent Lehman Brothers court rulings in the English Court of Appeal and the U.S. Bankruptcy Court on existing structured finance ratings could be wide-ranging globally, Fitch Ratings said on Friday.
Barclays Plc urged a judge to throw out a lawsuit by Lehman Brothers Holdings Inc's bankruptcy estate alleging that it reaped a secret $5 billion profit from its rushed September 2008 purchase of the company's U.S. brokerage.
In a victory for ratings agencies, a U.S. judge on Tuesday dismissed claims against Moody's Corp and McGraw-Hill's Standard & Poor's in litigation over nearly $100 billion of Lehman Brothers Holdings Inc mortgage-backed securities.
Morgan Stanley has launched a new global initiative to raise capital for hedge fund clients in return for a fee, a company spokesman said.
From 2000 to 2009, the S&P 500 averaged a loss 0.82% after the Martin Luther King Jr. Day holiday in the United States.
Developed countries may slip back into recession if they exit strategies taken to battle the global financial crisis too early, the head of the International Monetary Fund warned on Monday.
Financial regulators, lulled into inaction by soaring bank and Wall Street profits, failed to protect Americans from the 2008 financial crisis, a senior U.S. official told an investigative panel on Thursday.
LaBranche & Co Inc said on Wednesday it agreed to sell its New York Stock Exchange specialist business to Barclays Plc for $25 million in cash, reflecting the difficulties standalone market makers face in a shrinking industry.
Senior U.S. regulators, including outspoken Federal Deposit Insurance Corp Chairman Sheila Bair, will tell their side of the story on Thursday to a commission examining the origins of the 2008 financial crisis.
Home prices in Manhattan fell in the double digits in the fourth quarter, but the markdown pushed buyers into the market, according to several reports released on Tuesday by New York City's biggest brokerages.
U.S. consumer confidence rose to a three-month high in December, while prices in the hard-hit housing sector stalled in October, breaking a five-month string of gains
Lehman Brothers International can begin distributing billions of dollars of frozen hedge fund assets after reaching agreement with a majority of the affected parties, said PricewaterhouseCoopers on Tuesday.
The administrator for Lehman Brothers International said on Tuesday that nearly all clients whose assets have been frozen since the investment bank's collapse support a plan to return the money early next year.
Lehman Brothers Holdings Inc (LEHMQ.PK) has sought bankruptcy court approval to hire Neuberger Berman Fixed Income LLC to help it sell asset-backed securities worth $180 million, court filings show.
(Deletes incorrect references in paragraphs 1 and 4 to Barclays winning a larger role as a Kraft adviser, as Kraft has denied that has happened)
Barclays Capital, one of the banks providing $9.2 billion of loans to help fund Kraft Foods Inc's hostile bid for Britain's Cadbury Plc , has suspended coverage of Cadbury because of its role.
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.
A U.S. bankruptcy judge said Lehman Brothers Holdings Inc could inject another $100 million into its Aurora Bank unit so that it does not fall below the required regulatory capital level.
