BOSTON-- Shares of E-Trade Financial Corp. slipped on Friday after the online brokerage posted a wider-than-expected quarterly loss as low trading volume and one-time charges cut into its results. E-Trade also recorded a charge of $38 million, or 13 cents per share, related to a change in California tax codes.
NEW YORK, Jan 24- E* Trade Financial Corp, which last week named a new chief executive to help shed bad loans and return it to its online brokerage roots, reported a fourth-quarter 2012 loss on a higher-than-expected cost in refinancing its debt. The New York- based company reported a loss of $186 million, or 65 cents a share, for the fourth quarter.
WASHINGTON, Jan 24- Jill Sommers, a Republican, said on Thursday she is stepping down as a commissioner of the U.S. Commodity Futures Trading Commission, leaving the main U.S. derivatives regulator firmly in Democratic hands as it puts in place the last building blocks of a Wall Street overhaul.
HONG KONG/ LONDON, Jan 24- Barclays wants to remain a big player in investment banking even though the British bank is cutting costs and jobs in that business, including at least 70 in its Asian division.
A top U.S. lawmaker is close to releasing a draft on ways to revamp corporate taxes levied on complex financial products, a committee aide said on Wednesday.
HONG KONG, Jan 23- Veteran Asia deal maker Jesse Bhattal, the former head of Nomura Holdings Inc's wholesale division who resigned a year ago amid an acrimonious restructuring, has joined investment bank Lazard Ltd as a senior adviser.
NEW YORK, Jan 22- The yen rose to a three-day high against the dollar on Tuesday after the Bank of Japan said its open-ended commitment to buy assets would kick in only next year, disappointing those who expected more aggressive monetary easing. But the biggest mover was the yen, with the Bank of Japan once again falling short of expectations.
LONDON, Jan 22- The yen rose on Tuesday after the Bank of Japan said its open-ended commitment to buy assets would kick in only next year, disappointing those who expected more aggressive monetary easing. But the biggest mover was the yen, with the Bank of Japan once again falling short of expectations.
LONDON, Jan 22- Gold prices rose above $1,690 an ounce on Tuesday as better-than-expected German economic data lifted the euro versus the dollar, but gains were capped by strong chart resistance and losses in European stocks.
LONDON, Jan 22- The euro fell sharply against the yen on Tuesday on speculation that some large German banks could be asked to split their investment banking operations, causing European shares to lose ground.
NEW YORK, Jan 22- The yen climbed to a three-day high against the dollar on Tuesday after the Bank of Japan said its open-ended commitment to buy assets would kick in only next year, disappointing those who had expected more aggressive monetary easing. But the biggest mover was the yen, with the Bank of Japan once again falling short of expectations.
FRANKFURT, Jan 21- Loading central banks with more tasks and pressing them to pursue more aggressive monetary policies could risk a round of competitive devaluations, European Central Bank policymaker Jens Weidmann said on Monday, citing pressure on the Bank of Japan.
NEW YORK, Jan 18- Morgan Stanley executives made good on their promise to reap earnings from the bank's burgeoning wealth management business, reporting on Friday that profit margins in the business soared in the fourth quarter. Morgan Stanley has made a bigger bet on retail investors than its major rivals by buying most of Citigroup's Smith Barney brokerage.
The final quarter of 2012 treated Corporate America well, with many companies inaugurating the New Year with a batch of quarterly earnings that beat the market's lowered expectations.