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By Sree Vidya Bhaktavatsalam, Bloomberg News |
December 4, 2012
Global banks, forced by regulators to reduce their dependence on profits from high-risk trading, have rediscovered the appeal of the mundane business of managing money for clients.
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By Ian Katz |
December 3, 2012
Treasury Secretary Timothy Geithner's pragmatism amid the most recent financial crisis may offer clues to the solution that will ostensibly avoid the looming fiscal cliff.
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By Michelle Jamrisko, Bloomberg |
November 29, 2012
Americans signed more contracts in October to purchase previously owned homes, another sign the recovery in the housing market is being sustained.
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By Jeff Kearns and Joshua Zumbrun, Bloomberg |
November 14, 2012
A number of Federal Reserve officials said the central bank may need to expand its monthly purchases of bonds next year after the expiration of Operation Twist, according to minutes of their last meeting.
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By Carter Dougherty and Cheyenne Hopkins, Bloomberg |
November 2, 2012
Mid-sized banks that mostly let Wall Street and small firms speak for the industry during the debate over the Dodd-Frank Act have decided it’s time to carve out their own agenda in Washington.
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By Hugh Son, Bloomberg |
October 17, 2012
Bank of America Corp. reported third-quarter results that were better than some analysts predicted as capital levels improved, and the shares edged higher in New York trading.
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By Dakin Campbell, Bloomberg |
October 16, 2012
Wells Fargo & Co., the biggest U.S. home lender, is restructuring sales and trading operations to form a new markets division at its investment bank as the firm challenges more established Wall Street rivals.
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By Donal Griffin, Bloomberg |
October 15, 2012
Citigroup Inc. advanced the most among the largest U.S. banks, reaching a six-month high after reporting a surprise third-quarter profit and a surge in bond-trading revenue that beat analysts’ estimates.
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By Inyoung Hwang and Michael P. Regan, Bloomberg |
October 12, 2012
U.S. stocks erased an early rally as Wells Fargo & Co.’s shrinking profit margin and weakness in European markets overshadowed a jump in consumer confidence to the highest level since the recession started.
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By Dakin Campbell, Bloomberg |
October 12, 2012
Wells Fargo & Co., the most valuable U.S. bank and largest mortgage lender, dropped 4 percent in New York trading after reporting a record third-quarter profit that was marred by narrower profit margins.
