The U.K. economy is going to be back to its pre-recession peak this summer, three months earlier than expected.» Read More
The "Fast Money" traders share their final trades of the day.
NEW YORK, March 1- Berkshire Hathaway released its annual letter to shareholders on Saturday, written with Chief Executive Warren Buffett's usual combination of common-sense advice and belief in the power of investing. Following are highlights of the letter.
Barclays put out new work rules on Friday, including not allowing bankers to work in the office for more than 12 straight days.
On Thursday, Raymond James issued a press release about a Tuscaloosa, Alabama, adviser who joined on Feb. 21 after 31 years at Merrill Lynch, which is owned by Bank of America Corp. A Bank of America spokeswoman confirmed that Dedrick and his partner, Pam Franklin, had left, but declined to comment further.
MOSCOW, Feb 28- Russian hypermarket chain Lenta's stock market debut was clouded by political turmoil in Ukraine on Friday as investors reined in their exposure to Russian companies.
This is the latest settlement among 18 lawsuits over some $200 billion in mortgage-backed securities at the heart of the 2008 financial crisis.
NEW YORK, Feb 27- Societe Generale has agreed to pay $122 million to settle a lawsuit by a U.S. regulator accusing the bank of misleading Fannie Mae and Freddie Mac in the purchase of mortgage-backed securities.
NEW YORK, Feb 26- Bank of America Corp said it does not owe the U.S. government the $2.1 billion it is seeking in penalties after a jury found the bank liable for fraud over defective mortgages sold by its Countrywide unit, according to a court filing made on Wednesday.
Some of the names on the move ahead of the open.
Markit, the financial data company set up by a former trader in his shed, is set to mark its evolution with a share offering in New York this year.
Bank of America said federal investigators are looking into whether the bank violated requirements of a U.S. government housing program.
Eighteen brokerages agreed to end participating in analyst surveys as a result of a N.Y. investigation into the early release of analyst sentiment.
Feb 25- Bank of America Corp may have a new mortgage problem on its plate, saying on Tuesday that federal investigators are looking into whether the bank violated requirements of a U.S. government housing program.
Feb 25- JPMorgan Chase& Co, the largest U.S. bank, announced thousands of job cuts on Tuesday as the mortgage lending business slows, and said it was lowering its profitability target.
Feb 25- U.S. companies borrowed more in January to spend on capital investment, the Equipment Leasing and Finance Association said.
"Jeopardy" whiz Arthur Chu found a way to win the game—and a hatefest erupted on Twitter. Hey, America, why do you hate people who figure out how to be successful?
Radio frequency chipmakers RF Micro Devices will buy peer TriQuint Semiconductor for about $1.6 billion in an all-stock deal to create a company that could better compete in selling chips to mobile-handset makers.
WASHINGTON, Feb 21- U.S. central bankers thought they should get more regulatory powers in return for providing cheap cash to Wall Street banks during the 2008 credit crisis, according to Federal Reserve transcripts released on Friday.
"Stress tests" reassures the markets of the stability of solvent institutions, and force weaker ones to repair their balance sheets. The FT reports.
Feb 20- Citigroup Inc Chief Executive Michael Corbat received a 23 percent pay rise in 2013, his first full year after replacing Vikram Pandit at the helm, a regulatory filing on Thursday showed. Corbat earned an estimated $14.1 million in 2013 under Citi's executive pay structure, which the company overhauled last year amidst shareholder pressure.