The U.S. central bank must resist popular pressure to keep interest rates too low as the economy recovers, according to a top Federal Reserve official.
The pace of U.S. job losses is moderating and the trend in the labor market is beginning to improve, a top White House adviser said on Friday.
Mortgage woes dominate the business page headlines of both the New York Times and Wall Street Journal today.
The U.S. economy is recovering but growth will only pick up gradually and inflation is not a threat in this subdued environment, a top Federal Reserve official said on Wednesday.
Japanese investment bank Nomura has secured a rental deal on its new London headquarters allowing free rent for almost six years, the Financial Times reported, citing the terms of a deal to be announced on Tuesday.
Administrators of the London arm of Lehman Brothers said the claims it is handling against the collapsed Wall Street bank could total as much as $100 billion.
Swiss bank UBS currently has no plans to buy back toxic assets which were transferred to the country's central bank last autumn as part of a government rescue package, a spokeswoman said on Thursday.
The U.S. economy is in the early stages of a recovery but it is premature to start considering raising interest rates, a top Federal Reserve policymaker said on Wednesday.
Here's a rare spot of good news for former Lehman Brothers Chief Executive Richard Fuld: the vilified Wall Streeter and his wife, Kathleen, sold their Park Avenue apartment for $25.9 million, according to New York City property records.
European Central Bank President Jean-Claude Trichet warned policy-makers from around the world on Saturday not to forget the lessons of the devastating financial crisis now that the worst has passed.
U.S. Federal Reserve Chairman Ben Bernanke and other central bankers said on Friday the worst global recession in 70 years was nearing a close but warned it would be a long, slow climb back to normal growth.
Two years after the start of the worst global financial crisis since the Great Depression of the 1930s, policy-makers from around the world gather this week to think about how to prevent it from happening again.
If only the economy were bouncing back as fast as banking compensation.
Bank of America Merrill Lynch said on Tuesday it hired banking veteran Brad Cameron to head its Canadian mergers and acquisitions team, the latest sign a capital markets pick-up may be in the making in Canada.
Quick sales of companies are replacing traditional, lengthy U.S. bankruptcy reorganizations, and a lack of affordable credit and a recent appeals court opinion is expected to intensify the trend.
For banks looking to seize market share in the lucrative Asian equities business, all eyes are on China.
Lehman Brothers Holdings Inc is suing American International Group for $9 million in payments the bank says it is owed from credit default swap protection it bought from the insurer on companies including General Motors and Washington Mutual.
Lehman Brothers Holdings Inc can pursue claims on assets in a bankruptcy case expected to set a precedent for treatment of derivatives in complex investment products, a New York court said on Tuesday.
Barclays Plc fell short of expectations with an 8 percent rise in half-year profit as bad debts at Britain's second biggest bank almost doubled to offset buoyant earnings from its enlarged investment bank.
Leading investors have taken their holdings of stocks back up to levels last seen just before the collapse of Lehman Brothers, a series of Reuters polls showed on Thursday.
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.
The New York Federal Reserve on Monday named Japan's Nomura Securities International as a U.S. primary dealer of Treasury securities, effective immediately.
