Eaton Vance's profit jumps 39 percent in fiscal 4th quarter on lower investment losses Investment manager Eaton Vance Corp. said Tuesday its profit ...
NEW YORK (Reuters) - Lehman Brothers International (Europe), where more than $35 billion of hedge fund assets have been frozen since the bank's ...
FILE - In this Aug. 20, 2004 file photo, shopppers stroll through Faneuil Hall Marketplace, in Boston. Mall operator General Growth Properties Inc., which filed the largest U.S. real estate bankruptcy case in history earlier this year, on Thursday, Nov. 19, 2009 ...
Obama administration abandons proposed Bush rule letting brokerage firms offer 401(k) advice The federal government has decided to abandon a Bush administration plan that would have permitted mutual fund companies and brokerage firms to offer investment advice to 401(k) customers. The rule ...
US investment bank JP Morgan Chase announced on Thursday a deal to take full control of Cazenove, a 190-year-old London stockbroker with Queen Elizabeth II among its clients. JP Morgan already owned 50 percent of Cazenove as part of a joint venture ...
US investment bank JP Morgan Chase will later on Thursday unveil a one-billion-pound deal to buy 190-year-old London stockbroker Cazenove, a newspaper said. The bank is to pay about 535 pence a share for the 50-percent stake of Cazenove which it does ...
NEW YORK (Reuters) - Hedge fund manager Kenneth Griffin's Citadel Investment Group lost $8 billion in clients' money last year, but is turning things around as markets recover and has made $5 billion in profits so far this year, the Wall Street ...
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 ...
WASHINGTON (Reuters) - Congress ought to clarify if a proposed super-regulator of the U.S. financial system should be an overlapping overseer of securities and futures exchanges, the chief futures regulator said on Tuesday. Chairman Gary Gensler of the Commodity Futures Trading Commission ...
ZURICH (Reuters) - UBS <UBSN.VX> <UBS.N> boss Oswald Gruebel set an ambitious target for annual pretax profit of $15 billion, vowing to rebuild the loss-making bank and win back clients after the subprime crisis and a bitter U.S. tax row. Chief executive ...
House panel examining Bank of America bailout, Merrill takeover; company officials testifying A House oversight panel is examining the $45 billion federal bailout of Bank of America Corp. and its shotgun acquisition of Merrill Lynch & Co. last year at the height ...
(Reuters) - Lehman Brothers Holdings Inc <LEHMQ.PK> has filed a lawsuit against Barclays Capital Inc alleging the British bank took control of excess assets in collusion with Lehman executives when it bought its U.S. brokerage business a year ago, court documents show. ...
