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  • St. Jude to buy rival Thoratec in $3.4B deal Wednesday, 22 Jul 2015 | 8:04 AM ET
    Illustration of St. Jude Medical's LibraXP device

    Heart device maker St. Jude Medical said it would buy smaller rival Thoratec for $3.4 billion.

  • As Washington tightened sanctions on nearly all trade with Iran in recent years, international banking transfers that most Americans take for granted have become increasingly fraught for the roughly 500,000 U.S.-based Iranian-Americans. "My money is there, but I cannot use it here," said Reza Hedayati, a New York radiologist who has not seen a cent of the...

  • *Citi to pay $700 mln in relief to borrowers. July 21- Citigroup Inc's consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said. Citi will also pay civil penalties of $35 million each to the consumer finance watchdog and the Office of the Comptroller of the...

  • Clinton rakes in Wall Street cash amid tough talk Tuesday, 21 Jul 2015 | 12:33 PM ET
    Hillary Clinton speaks to guests at the Iowa Democratic Party's Hall of Fame dinner on July 17, 2015, in Cedar Rapids.

    Already among the top donors to Hillary Clinton's political career, megabank employees have funneled big money into her campaign.

  • HSBC must face U.S. lawsuit over failed credit unions Tuesday, 21 Jul 2015 | 12:30 PM ET

    NEW YORK, July 21- A federal judge rejected HSBC Holdings Plc's bid to dismiss a U.S. lawsuit claiming that its failure to perform its duties as trustee for $2.37 billion of residential mortgage-backed securities contributed to the downfall of five federal credit unions. District Judge Shira Scheindlin in Manhattan on Monday night said the National Credit...

  • NEW YORK— Nine million credit card customers will receive refund checks from Citigroup after U.S. regulators forced the bank to repay $700 million and fined it $70 million for illegal and deceptive practices. Some of the illegal activity by Citi goes back to as early as 2000, the CFPB said, and ended in 2013, and covers a range of products sold by Citi and...

  • Banks back rival to Bloomberg messaging system Tuesday, 21 Jul 2015 | 8:36 AM ET
    Wall Street

    A messaging service for business is being launched by some of the world's biggest banks in a bid to challenge Bloomberg's dominance of the market.

  • Fed on rate increase: Bond market? Deal with it Tuesday, 21 Jul 2015 | 7:05 AM ET
    Janet Yellen

    While Wall Street frets over the ability of bond markets to absorb a rate rise, the Federal Reserve has a message for the industry: deal with it.

  • Fed directs 8 biggest US banks to hold extra capital Monday, 20 Jul 2015 | 1:17 PM ET

    The requirements also are aimed at encouraging the Wall Street mega-banks to shrink so they pose less risk to the financial system. The banks include JPMorgan Chase, Citigroup and Bank of America. JPMorgan is the only one that doesn't already meet the requirements, which will be phased in from 2016 through 2018 and take full effect on Jan. 1, 2019.

  • Bove: Time to 'aggressively' buy big banks Monday, 20 Jul 2015 | 12:22 PM ET
    Dick Bove

    The cloud has lifted over banks and Dick Bove says it's time to "aggressively" buy some of the big names.

  • July 20- Private equity firms Blackstone Group LP and Corsair Capital have agreed to acquire a majority stake in First Eagle Investment Management, valuing the company at around $4 billion including debt, First Eagle announced on Monday. Under the terms of the deal, private equity firm TA Associates is selling its entire stake in First Eagle and the family of...

  • July 20- Private equity firms Blackstone Group LP and Corsair Capital have agreed to acquire a majority stake in First Eagle Investment Management, valuing the company at around $4 billion including debt, according to people familiar with the matter. New York- based First Eagle manages approximately $100 billion in investment assets. Private equity firm TA...

  • Early movers: MS, HAS, HAL, VSLR, PYPL & more Monday, 20 Jul 2015 | 7:55 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Italy to list $4.33B stake in post office on MIL Sunday, 19 Jul 2015 | 8:51 PM ET

    Italy is set to float its national post office in the first week of August, kicking off a 12 billion euro privatization program. The Financial Times reports.

  • NEW YORK, July 17- Google Inc's strong quarterly results, which unleashed a massive surge in its shares on Friday, has investors feeling upbeat heading into next week's tech-heavy slate of earnings reports. Among the numerous tech companies releasing earnings next week are International Business Machines, Microsoft Corp and Apple, all of which are expected to...

  • July 17- Wells Fargo& Co on Friday won the dismissal of a lawsuit by Cook County, Illinois that accused the largest U.S. mortgage lender of violating the federal Fair Housing Act by engaging in predatory lending practices in the Chicago area. Cook County, which includes Chicago, accused Wells Fargo of targeting tens of thousands of black, Hispanic and female...

  • Which financial companies get the most complaints? Friday, 17 Jul 2015 | 11:28 AM ET
    Credit score credit report

    Newly released data from the Consumer Financial Protection Bureau show what's really getting under consumers' skin.

  • Six classic mistakes young traders make Friday, 17 Jul 2015 | 7:00 AM ET
    Worried stockbroker on phone

    How to become a great trader? Avoid these six classic mistakes, says trading mentor Raj Malhotra.

  • NEW YORK, July 16- The Federal Housing Finance Agency disclosed on Thursday that it paid two law firms over $373 million since 2010 to pursue litigation against several banks over mortgage-backed securities sold to Fannie Mae and Freddie Mac before the financial crisis. Stefanie Johnson, an FHFA spokeswoman, said its hiring of private law firms "has been a...

  • July 16- Goldman Sachs Group Inc has begun staffing up again after years of cutting back, to build up its investment management business and comply with new regulations. The workers it is hiring are mainly in lower-cost places like Salt Lake City and Bangalore, Chief Financial Officer Harvey Schwartz said Thursday on the bank's second quarter earnings call.