On Tuesday an activist Bank of America Corp investor said he expects shareholders to demand that Chief Executive Kenneth Lewis give up his job as chairman.
A pending asset sale and a clean bill of health from its financial regulator has calmed fears Barclays will need to raise cash, and backed up the bank's pledge to emerge as a victor from the financial crisis.
U.S. securities regulators meet on Wednesday to consider restrictions on short selling, a type of investing blamed by some lawmakers and executives for exacerbating the financial crisis and driving down share prices.
U.S. securities regulators meet on Wednesday to consider restrictions on short selling, a type of investing blamed by some lawmakers and executives for exacerbating the financial crisis and driving down share prices.
In a dry quarter for deals, two massive pharmaceutical transactions helped catapult Morgan Stanley to the top of the league in global adviser rankings, bringing it up from the tenth spot a year earlier.
Things are getting tense at Japanese brokerage Nomura Holdings .
With earnings withered, Nomura holdings will need to quickly cut 4,000 of its 26,000 employees to reduce costs, including ex-Lehman Brothers employees which were acquired after the American bank’s bankruptcy, according to a report.
All is not lost for Wall Streeters deprived of their mega-salaries and lavish lifestyles following the financial tsunami that has wiped out so many jobs.
The default of Lehman Brothers bank shows communication at clearing houses could be improved, a report from a pan-EU market watchdog said on Monday.
S&P 500 stock index futures rose at the start of electronic trading on Sunday after media reports detailed the U.S. Treasury's three-pronged bid to cleanse the financial system of toxic assets clogging banks' balance sheets.
The state of New Jersey on Tuesday sued Lehman Brothers executives and directors for fraud and misrepresentation, Gov. Jon Corzine said, seeking to recover the $118 million lost by state pension funds.
Bankrupt Lehman Brothers Holdings Inc is auctioning a thrift and an industrial bank it owns, and the process is in the early stages, a source familiar with the matter said on Monday.
Warren Buffett said he was approached twice to help American International Group Inc in the final days before the U.S. government rescued the insurer last September, Bloomberg said.
Barclays agreed on Monday to acquire the Bear Wagner Specialists LLC operations from JPMorgan Chase & Co, a move that will leave the New York Stock Exchange with five designated market makers.
Ireland's financial regulator said on Friday it is investigating the mispricing of trades at Merrill Lynch and is conferring with regulatory counterparts in the UK and the United States.
Merrill Lynch discovered a trading irregularity during a recent investigation of the troubled investment bank's London trading positions, the company said on Friday.
Two top contenders for senior posts at the U.S. Treasury have withdrawn, people familiar with the moves said on Thursday, dealing a blow to Treasury Secretary Timothy Geithner's efforts to build his staff to fight the financial crisis.
Goldman Sachs is looking to sell some of its Indian investments, including a 5 percent stake in the National Stock Exchange (NSE), the Daily News and Analysis said on Thursday, citing people familiar with the development.
The euro suffers from structural deficiencies. It has a central bank, but it does not have a central treasury, and the supervision of the banking system is left to national authorities.
HSBC launched Britain's biggest rights issue, raising 12.85 billion pounds ($18.1 billion) on Monday to help it overcome big losses in the United States and exploit the woes of weaker rivals.
HSBC launched Britain's biggest rights issue on Monday, to raise 12.85 billion pounds ($18.3 billion) to help it overcome big losses in the United States and exploit the woes of weaker rivals.
SSG Capital Management, based in Hong-Kong, is seeking up to $500 million for a fund that would invest in distressed Asian assets, according to Bloomberg.