Stocks edged higher on Wednesday, following a two-session drop, as Wall Street welcomed Fed minutes and corporate earnings.» Read More
Paychex and Citigroup are in the news after the bell Wednesday
Shaking off the surprise at the departure of a longtime aide to JPMorgan CEO, the parlor game begins again: Who will succeed Jamie Dimon?
The California Department of Motor Vehicles has opened an investigation into a possible security breach of its credit card processing services, a spokesman for the agency said.
The biggest change was for American Express, whose minimum capital ratio under stress declined by 0.5 percentage point to 12.1 percent. M&T Bank, which had the next lowest capital level on Thursday, was revised up by 0.3 percentage point to 6.2 percent under stress.
The Federal Reserve on Friday issued corrections to the closely watched annual bank stress tests results that were published a day earlier.
Only Zions Bancorporation, a Salt Lake City, Utah- based lender with $56.0 billion in assets, would be left with a regulatory capital ratio beneath the Fed's 5.0 percent minimum under the exercise. M&T Bank Corp 5.9 Bank of America Corp 6.0. Morgan Stanley 6.1 Ally Financial Inc 6.3.
Banks will find out if the Fed thinks they can cope with the next financial crisis when it publishes the results of an annual health check.
**Societe Generale, France's No. 2 listed bank, said it would offer to buy out minority holders of its online bank brand Boursorama, as it seeks to grow the business despite France's weak economic outlook.
NEW YORK, March 18- U.S. stock index futures pointed to a higher open on Tuesday, indicating the previous day's rally would continue after comments from Russian President Vladimir Putin eased concerns that tensions over Ukraine might escalate.
NEW YORK, March 18- U.S. stock index futures rose on Tuesday, rebounding off earlier weakness and indicating Monday's rally would continue after comments from Russian President Vladimir Putin eased concerns that tensions over Ukraine might escalate.
Some of the names on the move ahead of the open.
Regulators are conducting two investigations into GE's credit card business for potential violations of consumer finance laws.
NEW YORK, March 18- U.S. stock index futures were flat on Tuesday, with investors reluctant to make big bets following a sharp rise in the previous session, amid continued uncertainty over Ukraine.
American Express said four financial investors have committed a total of $900 million to a business travel joint venture.
NEW YORK, March 17- American Express Co said on Monday that four financial investors have committed a total of $900 million to a business travel joint venture, in what would be the largest single investment ever made in a travel management company.
U.S. stocks declined on Thursday, after the S&P 500 came less than four points from its record close.
Stocks were little changed Wednesday, as the Dow and the S&P flirted with gains after two a two-day drop.
Odds are against the stock market's aging bull making it through a sixth year, but this is no ordinary bull market.
Stocks mostly rose on Thursday after jobless claims fell to a three-month low.
Some of Monday's midday movers: