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Why Bank of America is the new Citigroup
On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange.
Lehman Brothers sues Citigroup for $2.5B
Lehman Brothers Holdings Inc. and its creditors are suing several units of Citigroup Inc.
Canadians losing confidence in economy, survey finds
Global financial uncertainty and slowing job creation made Canadians feel less optimistic about the economy last month, according to a Royal Bank of Canada survey.
Massachusetts Part Of $25 Billion Mortgage Settlement
Federal and state officials announced the deal Thursday. It is the biggest settlement involving a single industry since a 1998 multistate tobacco deal.
States, banks announce $26 billion mortgage settlement
Federal officials say a deal has been reached between states and the nation's biggest mortgage lenders over foreclosure abuses.
Greece debt talks fail to reach full deal
Greece's crucial euro130 billion bailout was in limbo Thursday, after political leaders failed to accept the entire batch of new austerity measures that are demanded by creditors but have fuelled outrage in the recession-hit country.
Wells Fargo's Carroll eyes cross-selling by brokers
After years of driving bank merger integrations, David Carroll is putting the same kind of energy into fine-tuning the wealth, brokerage and retirement services business he runs for After a strategy review last year, his unit is pursuing a series of projects designed to improve cross-selling, simplify product offerings and meet efficiency goals ... (more)
Haiti Prime Minister Conille: Donor aid needs revision
Two years after a massive earthquake, Haiti is even more vulnerable to natural catastrophes and still does not have the capacity to manage even small events, Haitian Prime Minister Garry Conille said Tuesday.
Markets upbeat as Greek debt deal appears near
A currency trader reacts near the Korea Composite Stock Price Index , at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Wednesday, Feb.
Bank of America Tower in Atlanta Foreclosed; Sells for Half Price
The recent forced public auction of Bank of America's signature 55-story office tower in Atlanta is yet another example of the U.S. foreclosure crisis.
Deutsche Bank to defer bonus payouts
Germany's Deutsche Bank will defer any part of an employee's bonus above 200,000 euros this year, a source close to the bank said, making it the latest industry player to limit pay in the face of fierce criticism of the industry.
European central banks to blast cash into economy
With Europe sliding toward recession, the region's two main central banks are preparing to redouble their emergency measures aimed at softening the downturn and blunting the effects of the government debt crisis.
Greek coalition leaders studying draft austerity deal ahead of midday talks to avoid default
Greek coalition leaders are studying a draft deal on further austerity measures demanded to secure a new bailout that will determine whether the country avoids a looming bankruptcy next month.
Occupy Nashville asks bank to stop foreclosure
One of the great benefits of my avocation as a food writer of some local repute is that I am... NASHVILLE, Tenn.
Analysis: Banks largely reserved for U.S. m...
As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.
Spanish banks set aside billions for toxic assets
Spain's three top banks said Tuesday they will set aside an additional euro6.1 billion to meet a new government demand for all banks to boost their buffers against troubled real estate assets.
Goldman Sachs CEO, Executives to Get Smaller Bonuses This Year
Goldman Sachs CEO Lloyd Blankfein's bonus will be cut to $7 million this year from $12.6 million the year before, according to Equilar, an executive compensation data firm.
UBS posts fourth-quarter earnings drop to 393 million francs, after rogue trade scandal
Switzerland's biggest bank UBS AG reported Tuesday a 76 per cent drop in net profits during the fourth quarter of 2011 compared with the same period in 2010, a sign of continued struggles linked to its $2 billion rogue trading scandal and economic weakness in Europe and abroad.
Swiss central bank vice chairman sees economy slowing 'considerably' in 2012
The vice president of the Swiss National Bank says Switzerland's economy is expected to "slow considerably" despite the Swiss franc falling back against the euro.
Greek leaders face crunch talks, unions strike
Greek leaders face crunch talks on Tuesday to agree on unpopular reforms to secure a 130-billion-euro bailout and avert a chaotic debt default which could threaten its future in the euro zone.