French engineering company Schneider Electric SA (SCHN.PA) has delayed the roughly $1.4 billion auction of its sensors business because of turbulence in financing markets, people familiar with the matter said.
JPMorgan Chase & Co. expects capital markets activity, both debt and equity, to decline by 30 percent and investment banking fees to decline to $1 billion in third quarter of 2011 from $1.9 billion last quarter.
The United States should consider pulling out of the Basel group of global regulators, Jamie Dimon, chief executive of JPMorgan Chase, said in an interview with the Financial Times.
A rebound in Asian stocks ran out of steam Thursday as worries over the widening euro zone crisis and the faltering U.S. economy undermined investor confidence.
A lawsuit accusing several mortgage lenders of fraud over home loans maintained within the industry's private electronic database cannot proceed, according to a U.S. appeals court ruling.
State prosecutors accusing major U.S. banks of improper mortgage practices have offered them a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported Tuesday.
Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported on Tuesday.
Some of the nation's largest banks are under threat of a mortgage lawsuit from the federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac.
European shares fell sharply on Friday, snapping a four-session rally, as traders feared U.S. non-farm payrolls numbers could signal a return to recession.
Stocks rose for a third straight day on Tuesday in a volatile session, after minutes from the latest Federal Reserve meeting boosted expectations the U.S. central bank will act again to stimulate the economy.
Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter.
Stock index futures fell on Tuesday after equities rose nearly 8 percent in the past five sessions as investors cautiously awaited a batch of data for a better assessment on the state of the economy.
In the aftermath of Hurricane Irene, Chase bank has found a heart for potential suffering customers in New York, New Jersey and Connecticut: Staff will be increased, banking hours will be extended, and that banking overdraft fees and credit card late fees will be waived.
The U.S. Federal Reserve used a non-competitive bid process when it secured middlemen services to maintain liquidity in the critical money-market fund market -- an emergency action necessitated by the financial crisis triggered by the collapse of Lehman Brothers.
Stocks shot three percent higher on Tuesday on speculation Federal Reserve Chairman Ben Bernanke this week would signal new help for the economy, giving investors hope a four-week rout was nearing an end.
Bank of America Corp (BAC.N) shares fell nearly 8 percent on Monday, reaching their lowest level since March 2009, as investors fretted the bank may need to raise some $50 billion of capital and worried about potential additional mortgage lawsuit payouts.
World stocks eked out a gain on Monday, stabilizing after the previous four weeks of sharp losses, while Brent crude prices slipped on prospects Libya's civil war will soon end.
South Korean trading firm Samsung C&T (000830.KS) said on Monday it was considering taking over independent U.S. oil firm Parallel Petroleum, which a media report said might be worth about $920 million.
Credit Suisse Group (CSGN.VX) will buy the nearly 50 percent stake it does not own of Brazilian investment fund Hedging-Griffo, which the Swiss bank will make its sole asset management platform in Latin America's biggest economy, a local newspaper reported on Monday.
The U.S. stock market had a mini-meltdown on Thursday as fears about a second recession in the United States and Europe rattled investors.
Hewlett-Packard Co may spin off the world's largest PC business, part of a wrenching series of moves away from the consumer market, including killing its new tablet and buying British software company Autonomy Corp for as much as $11.7 billion.
