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By Hugh Son, Bloomberg |
April 17, 2013
Bank of America Corp. reported first-quarter profit that missed analysts’ estimates as lower mortgage banking income and higher legal costs slowed the firm’s turnaround. The shares dropped 3% in early trading.
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By Alex Kowalski, Bloomberg |
April 16, 2013
New-home construction in the U.S. climbed in March to the highest level in almost five years, propelled by a surge in multifamily building that will support economic growth.
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By Donal Griffin, Bloomberg |
April 15, 2013
Citigroup Inc., the third-biggest U.S. bank, rose in New York trading after first-quarter profit and revenue from fixed-income trading and investment banking exceeded analysts’ estimates.
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By Lu Wang and Tony C. Dreibus, Bloomberg |
April 12, 2013
Metals and energy sank, sending a gauge of commodities to an eight-month low and extending a slump that Citigroup Inc. said may mark the “death bell” for the four-year rally in materials.
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By Bob Van Voris |
April 11, 2013
Three former employees of CDR Financial Products Inc. who cooperated with the government’s investigation into bond bid-rigging were given prison terms.
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By Lu Wang, Bloomberg |
April 10, 2013
U.S. stocks rallied, sending the Standard & Poor’s 500 Index to its highest level ever, as China’s imports grew, Japan reiterated its stimulus plans and investors speculated earnings will beat estimates.
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By Matthew Leising |
April 9, 2013
The ISDA has hired consulting firm Oliver Wyman to make recommendations on how to modify its interest-rate swap pricing process.
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By Matthew Leising |
April 8, 2013
The CFTC reportedly has issued subpoenas as part of an investigation into possible price manipulation of interest-rate swaps.
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By Lu Wang and Lindsey Rupp, Bloomberg |
April 8, 2013
U.S. stocks rose, after the biggest weekly drop of the year for the Standard & Poor’s 500 Index, as investors awaited Alcoa Inc.’s financial release to mark the beginning of the earnings season.
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By Liz Capo McCormick, Bloomberg |
March 4, 2013
Just the hint the Federal Reserve would end debt purchases that have supported bond prices sent Treasury yields soaring last month to the highest since April, a reaction that is unwarranted if money markets are a guide.
