The 20-year record high bankruptcy rate for US banks and businesses is giving regional banks on sound footing the opportunity to expand swiftly ...
Investors file $100M suit against high-profile Fla. lawyer under federal probe for huge fraud Investors claiming they were fleeced by a high-profile South ...
Citigroup appoints Bodurtha to head North America investments group at Citi Private Bank unit Citigroup Inc. said Thursday it named a former Merrill Lynch executive, Steve Bodurtha, as managing director and head of investments for Citi Private Bank in North America. Bodurtha ...
BEIJING (Reuters) - The number of U.S.-dollar millionaires in China is expected to nearly double in five years, luring private bankers eager to help them invest an expected combined wealth over $7.6 trillion by 2013, Boston Consulting Group (BCG) said on Thursday. ...
Union Bankshares repays $59 million TARP loan on heels of capital-raising stock offer Union Bankshares Corp. said Wednesday it has repaid the federal government the $59 million it received last December under the Treasury Department's Troubled Asset Relief Program. The regional bank ...
NEW YORK (Reuters) - A sustained U.S. economic recovery is unlikely until all banks, and not just the big institutions bailed out with government funds, start to recover from the effects of the financial crisis, according to longtime investment strategist Don Coxe. ...
TOKYO (Reuters) - Mitsubishi UFJ Financial Group <8306.T> became the third major Japanese bank to post upbeat results, underscoring the improving outlook for the sector, and said it would raise $11 billion to meet stricter capital rules. Japan's top bank also said ...
Japan's biggest bank Mitsubishi UFJ Financial announced plans Wednesday to raise billion of dollars from investors, joining a scramble by firms to boost finances ravaged the global financial crisis. The news came as MUFG reported net profit soared 53.2 percent in the ...
Japan's biggest bank Mitsubishi UFJ Financial Group (MUFG) said Wednesday its first-half net profit soared 53.2 percent from a year earlier to 140.95 billion yen (1.6 billion dollars). Copyright 2009 AFP Global Edition
US financial giant Morgan Stanley plans to keep control of part of its brokerage operation in Japan, revising a merger plan with Mitsubishi UFJ Financial Group (MUFG), news reports said Wednesday. The two firms announced in March they would fully merge their ...
WASHINGTON (Reuters) - A congressional panel accused Bank of America Corp <BAC.N> on Tuesday of knowing about Merrill Lynch's huge losses as early as November 2008, suggesting the bank misled investors in saying it did not grasp the depth of the problems ...
House Dems: government didn't force Bank of America to take over Merrill, GOP claims cover-up A senior House Democrat says the government didn't force Bank of America to take over Merrill Lynch, but a bank board member said much pressure was applied ...
