Discussing Bank of America's bullish forecast for 2014, Savita Subramanian, Bank of America Merrill Lynch head of U.S. equity & quantitative strategy, explains why she expects appreciable gains next year.» Read More
SINGAPORE/ HONG KONG, Nov 26- Singapore's DBS Group Holdings and ABN AMRO are among the suitors to place final bids for Societe Generale's Asia private bank, in a $400 million deal, as smaller players exit the region's competitive private banking business.
Nov 26- U.S. borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble, a trend that could deal another blow to the country's biggest banks. More than $221 billion of these loans at the largest banks will hit this mark over the next four years, about 40 percent of the home equity lines of credit now outstanding.
*SocGen's Asia private bank unit manages $13 bln. SINGAPORE/ HONG KONG, Nov 26- Singapore's DBS Group Holdings, ABN AMRO and Credit Suisse have submitted final round bids for Societe Generale's Asian private bank, which is being valued at around $400 million, people familiar with the matter said.
This has been a stellar year for the stock market but investors should be questioning this rally, said Stock Trader Daily's Thomas H. Kee, Jr.
NEW YORK, Nov 22- The U.S. government on Friday sought permission to add a Wells Fargo& Co executive, Kurt Lofrano, as a defendant in its year-old lawsuit accusing the bank of fraud.
Nov 22- U.S. companies' borrowing to spend on capital investment was unchanged in October, the Equipment Leasing and Finance Association said.
The intern at Bank of America Merrill Lynch, that collapsed and died at his home in London in August, died of natural causes, a coroner has said.
*Time Warner Cable up as Charter nears bank deal for bid. NEW YORK, Nov 22- U.S. stocks were set to tick up at the open on Friday after the Dow industrials closed above 16,000 for the first time, amid a dearth of data and ahead of a holiday-shortened week in the United States.
Charter Communications is nearing an agreement with banks to raise funds for a bid for Time Warner Cable, according to a report.
*Time Warner Cable up as Charter nears bank deal for bid. NEW YORK, Nov 22- U.S. stock index futures were little changed on Friday as investors paused after the Dow industrials closed above 16,000 for the first time, amid a dearth of data and ahead of a holiday-abbreviated week in the United States.
SINGAPORE, Nov 22- The planned sale of Societe Generale's Asian private bank, for which final bids are due next week, underscores how high costs are pushing smaller players in the region to make hard decisions on whether to bulk up and or get out of the business.
NEW YORK, Nov 21- A decision on whether to approve Bank of America Corp's proposed $8.5 billion settlement with investors in mortgage securities is now in the hands of a New York state judge, after a nine-week court proceeding ended on Thursday.
NEW YORK, Nov 21- A U.S. appeals court on Thursday upheld the dismissal of a lawsuit brought by South Korea's Woori Bank against Bank of America Corp's Merrill Lynch unit over losses from $143 million in mortgage-related investments.
Nov 21- A former Merrill Lynch broker who managed as much as $1 billion has been suspended and fined by Wall Street's watchdog, in part for violating anti-money laundering rules by not telling the firm about potentially suspicious funds transfers involving clients' accounts, according to a settlement.
NEW YORK, Nov 21- Bank of America Corp urged a U.S. federal judge to impose no penalty even after a jury found it liable for fraud over the sale of defective mortgages by its Countrywide Financial unit.
Goldman Sachs Group lost more than $1 billion on currency trades during the third quarter, recent regulatory filings show.
Minutes from the Federal Reserve's October meeting could help determine the course of interest rates for the rest of the year.
Some of the names on the move ahead of the open.
NEW YORK, Nov 19- A U.S. appeals court on Tuesday questioned the convictions of three former banking executives at a unit of General Electric Co for being involved in a conspiracy to rig bids for contracts to invest municipal bond proceeds.
The "Fast Money" traders share their final trades of the day.