WASHINGTON, July 23- A top official will leave the U.S. Commodity Futures Trading Commission to become the head of a banking group 10 days later in a spin through the revolving regulator-to-lobby-group door that is striking even by Washington standards.» Read More
July 23- The International Swaps and Derivatives Association, a financial industry lobby group, named Commodity Futures Trading Commission commissioner Scott O'Malia as chief executive.
NEW YORK, July 22- U.S. stock index futures rose on Tuesday as a cascade of earnings landed and inflation data was tame, while hopes rose for an easing of tensions in Ukraine.
NEW YORK, July 22- U.S. stock index futures rose on Tuesday on hopes for an easing of tensions in Ukraine and as a cascade of earnings landed.
WASHINGTON, July 21- Commissioner Scott O'Malia said on Monday he intends to leave the U.S. Commodity Futures Trading Commission, creating a vacancy just a short while after Chairman Tim Massad took over at the derivatives regulator. Before joining the CFTC, he was the staff director at the Senate Appropriations Subcommittee on Energy and Water Development.
*EMC jumps on report of activist investor stake. NEW YORK, July 21- U.S. stock index futures edged lower on Monday as developments in Ukraine and Middle East looked to dominate trading amid a thin economic calendar. Fighters from Hamas, which controls Gaza, have repeatedly tried to infiltrate Israel over the past week through a network of hidden tunnels.
BEIJING, July 21- China signed a bilateral currency swap agreement worth 150 billion yuan with the Swiss central bank, which can invest up to 15 billion yuan in China's bond market. The Swiss National Bank is allowed to invest up to 15 billion yuan in China's interbank bond market under a quota given by the PBOC.
NEW YORK, July 18- U.S. stock index futures rose modestly on Friday, putting the S&P 500 on track to bounce from its biggest decline since April 10, ahead of data on consumer sentiment.
*Morgan Stanley climbs in premarket after earnings. NEW YORK, July 17- U.S. stock index futures were lower on Thursday, in the wake of new U.S. and European Union sanctions on Russia and ahead of data on the labor and housing markets.
NEW YORK, July 16- Bank of America Corp agreed to pay the insurer American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities that the bank sold in the run-up to the financial crisis.
NEW YORK, July 16- Bank of America agreed to pay American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities sold in the run-up to the financial crisis.
*Brokers need to sell to hedge Nikkei-linked bond potisions. TOKYO, July 15- Japan's Nikkei average faces formidable resistance at around 15,500 points, as a cluster of barrier options embedded in structured products require brokerages to sell the Nikkei around that level to adjust their hedging positions.
*BoE says UK banks have "dreadful record" of mis-selling. LONDON, July 15- The Bank of England said on Tuesday that British banks had a "dreadful record" on mis-selling complex interest rate hedging products to small businesses and warned that it would keep a close eye on them.
*JPMorgan, Goldman up in premarket after earnings. *Yahoo, Intel results due after the close. NEW YORK, July 15- U.S. stock index futures were little changed on Tuesday after earnings from JPMorgan and Goldman Sachs, and ahead of testimony from U.S.
WASHINGTON, July 14- Citigroup Inc has agreed to pay $7 billion to resolve claims it misled investors about shoddy mortgage-backed securities in the run-up to the financial crisis, in a deal that includes the largest civil fraud penalty ever levied by the U.S. Justice Department.
Citigroup to pay $7 B in subprime mortgages probe Global stocks rebound after Portuguese bank scare Mylan to buy Abbott business line in $5.3 B deal AbbVie, Shire enter detailed talks on combination Stock futures rise to start new week; Citi climbs Man United clinches $1.3 bn Adidas kit deal EBay to feature Sotheby's auctions in new deal VW to build new SUV in Tennessee, add 2,000 jobs Developers aiming to get new F-35 at Farnborough Airbus launches new planes in wide body family
July 14- Citigroup Inc has agreed to pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold in the run-up to the financial crisis, including the largest civil fraud penalty ever levied by the U.S. Justice Department.
Distancing itself from financial meltdown, Citigroup agrees to $7 B settlement over mortgages Global stocks rebound after Portuguese bank scare; investors look ahead to US, China data Mylan to buy Abbott's branded generic-drug businesses outside US for $5.3 B in stock AbbVie hikes offer to Shire once again, drugmakers enter detailed talks on combination US stock futures rise to start new week; Citigroup's shares climb after announcing settlement Manchester United lands $1.3 bn, 10- year deal with kit supply deal with Adidas VW to build new seven-passenger SUV in Tennessee, add 2,000 jobs New F-35 fighter jet yet to make it to Farnborough after fire but developers hopeful Efficiency, efficiency; Airbus to upgrade its A330 with new engines Samsung suspends business with Chinese supplier after child labor allegation
July 14- Citigroup Inc said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis. Citigroup said it took a related pre-tax charge of about $3.8 billion in the second quarter. Citigroup's shares were up 3.9 percent at $48.82 in premarket trading on Monday.
July 14- Citigroup Inc said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis. Citigroup said on Monday it would pay $4.5 billion in cash and provide $2.5 billion in consumer relief. Citigroup's shares were up 1.4 percent at $47.65 before the bell.
TOKYO, July 14- Japan's Nikkei average gained ground on Monday, ending its longest losing streak since the "Abenomics" rally started in November 2012, led by retail buying of small- and medium-cap stocks and speculative buying of index futures.