British regulators fined JPMorgan Chase $4.7 million on Thursday for failings in its wealth management division.» Read More
TOKYO, May 16- The dollar pulled away from a 4-1/ 2 year high against the yen on Thursday after disappointing U.S. industrial data caused Treasury prices to rise for the first time in a week, while the euro wobbled near a six-week low.
TOKYO, May 16- The dollar moved away from a fresh 4-1/ 2 year high against the yen hit in the previous session after disappointing U.S. industrial data caused U.S.
By Lawrence White and Steve Slater. HONG KONG/ LONDON, May 15- HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue.
The banks covered in the report are Goldman Sachs, JPMorgan, Bank of America, Citigroup, Barclays, Credit Suisse, Deutsche Bank, Morgan Stanley, RBS and UBS.
HONG KONG/ LONDON, May 15- HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs globally, as Europe's largest bank seeks to drive earnings and dividend growth in the face of muted revenue.
MOSCOW, May 15- The chief executive of Societe Generale's Russian unit was held in Moscow on Wednesday on suspicion of receiving bribes, dealing a blow to the French bank's hopes of achieving a turnaround on its primary foreign market.
HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs globally, as it seeks to drive earnings and dividend growth in the face of muted revenue.
LONDON, May 14- Central bank intervention, the euro zone crisis and China's rise have expanded the list of data that moves markets, but surprises in measures such as PMIs and U.S. jobs numbers still pack the biggest punch.
Revenue at Europe's largest aerospace group rose 9 percent to 12.4 billion euros, fuelled by a 16 percent rise in Airbus commercial revenues as it reclaimed the top spot in deliveries after falling behind Boeing in 2012..
LONDON, May 14- From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
May 13- Barclays Plc, the first bank to settle with authorities over alleged manipulation of the Libor interest rate, on Monday won the dismissal of a U.S. lawsuit by shareholders who claimed they lost money because of the British bank's activity.
Thousands of private messages sent between users of Bloomberg's financial terminals have leaked online.
NEW YORK-- A Barclays analyst on Monday raised his ratings for American International Group Inc. and The Hartford Financial Services Group Inc., saying that both insurers could boost value for their shareholders by buying back stock at steep discounts.
*Stronger growth eyed for Japan, more euro zone weakness. WASHINGTON, May 13- A flood of data this week will paint a mixed picture of the global economy, with belt-tightening continuing to dampen activity in the euro zone, but accommodative policies helping to stimulate growth in Japan.
TOKYO, May 13- The yen fell below the 102 level to the dollar on Monday after Tokyo escaped direct criticism of its aggressive monetary easing programme at the Group of Seven meeting over the weekend, greasing the Japanese currency's slide in the short term.
*Stronger growth eyed for Japan, more euro zone weakness. WASHINGTON, May 12- A flood of data this week will paint a mixed picture of the global economy, with belt-tightening continuing to dampen activity in the euro zone, but accommodative policies helping to stimulate growth in Japan.
May 12- U.S. broadcast networks head into their biggest ad-selling season this week, competing with streaming services like Netflix, battling online players for ad dollars, and fending off hits starring zombies and duck hunters on cable.
*Dish may face difficulty securing financing for Sprint bid. May 10- SoftBank Corp has asked investment banks not to finance a rival bid for Sprint Nextel Corp by Dish Network Corp, saying this could hurt the banks' chances of gaining a role in the highly anticipated public offering of Alibaba Group Holding Ltd, according to two people with knowledge of the matter.
Initial claims for state unemployment benefits fell 4,000 to a seasonally adjusted 323,000, the lowest level since January 2008, the Labor Department said on Thursday.
LONDON/ SINGAPORE, May 9- Copper fell slightly on Thursday, taking a breather after climbing to a three-week high in the previous session on expectations of rising demand from top importer China following strong trade numbers.