The "Fast Money" traders share their final trades of the day.» Read More
LONDON, July 23- The latest quarterly Reuters poll of base metals analysts was out earlier this week, and it lays bare the extent to which the entire market was blindsided by Indonesia's January ban on the export of unprocessed minerals.
Citigroup Inc. rose$. 25 or. 5 percent, to $49.60. Goldman Sachs rose $3.30 or 1.9 percent, to $175.02. JPMorgan Chase rose$. 43 or. 7 percent, to $58.67.
July 22- Detroit will head into the critical phase of its historic bankruptcy case next month with the backing of an overwhelming majority of its active and retired workers and with opposition from a small, hard-core group of hold-out creditors.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Advanced Micro Devices Inc. rose. 5 percent to $3.80 with 32,841,800 shares traded. Alcoa Inc. rose 2.8 percent to $17.09 with 30,732,200 shares traded.
Bank of America Corp. fell$. 01 or percent, to $15.52. Citigroup Inc. rose$. 35 or. 7 percent, to $49.70. Goldman Sachs rose $3.05 or 1.8 percent, to $174.77.
*Credit Suisse CEO says "potential abuses" in the system. *CEO Dougan says Credit Suisse is working with regulators. ZURICH, July 22- Credit Suisse, one of the biggest players in "dark pools", is working with regulators to stamp out potential abuses in the alternative trading venue, the boss of the Swiss bank said on Tuesday.
Documents filed in U.S. Bankruptcy Court show the city's current and retired police and fire employees, along with other active and retired city workers, will accept benefit cuts to help Detroit shed some of its $18 billion of debt in the largest-ever U.S. municipal bankruptcy case.
*No significant likelihood of another bank deal- CEO John Thain. July 22- U.S. small-business lender CIT Group Inc said it would buy California bank OneWest Bank NA for $3.4 billion in cash and stock, a deal that will give CIT a more reliable source of funding.
Bank of America Corp. rose$. 01 or. 1 percent, to $15.53. Citigroup Inc. rose$. 21 or. 4 percent, to $49.56. Goldman Sachs rose $1.57 or. 9 percent, to $173.29.
July 22- U.S. small-business lender CIT Group Inc said it would buy regional lender OneWest Bank NA for $3.4 billion in cash and stock, its second deal in two months to boost its middle-market lending operations.
July 21- A former president of Qualcomm Inc's global business operations pleaded guilty on Monday to insider trading in shares of the mobile phone chipmaker and a company it bought in 2011, as well as to a related money laundering charge.
July 21- A former president of Qualcomm Inc's global business operations pleaded guilty on Monday to insider trading in shares of the mobile phone chipmaker and a company it bought in 2011, as well as to a related money laundering charge. District Judge William Hayes in San Diego, according to the U.S. Department of Justice.
Donald Sterling will be forced to sell off some of his real estate assets to pay back debt if Clippers aren't sold, a court witness says.
On the four-year anniversary of Dodd-Frank, perhaps there is a lesson big banks can learn from smaller, regional banks, says Dan O'Donnell.
July 21- Volume in Barclays Plc's private U.S. trading venue, or "dark pool," fell 79 percent in the week and a half after the New York attorney general accused the British bank of giving an unfair edge to high-speed traders, according to data released on Monday.
"People are starting to increase inventory to build for a better economy and a better outlook in quarters three and four," Richard Davis, chief executive of U.S. Bancorp, said after the bank reported earnings on Wednesday. U.S. Bancorp reported a 12.4 percent rise in commercial loans by volume for the quarter.
The United States Securities and Exchange Commission is targeting 10 firms in a high frequency trading probe, according to an SEC document.
NEW YORK, July 17- The U.S. Securities and Exchange Commission has been seeking information on 10 registered broker dealers as part of an ongoing investigation into high-frequency trading strategies, according to an internal SEC document reviewed by Reuters.
Strong showings in wealth management and investment banking helped Morgan Stanley more than double quarterly earnings and beat estimates.
Morgan Stanley's earnings jumped as stronger performances by its investment banking and wealth management businesses made up for a fall in bond trading.