The FDIC sued 16 of the world's largest banks on Friday, accusing them of collusively suppressing interest rates, Reuters reported.» Read More
March 14- Trinseo SA, a plastics maker backed by Bain Capital, filed again with U.S. regulators to raise up to $200 million in an initial public offering of common stock.
NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Aeropostale Inc. fell 13.7 percent to $6.30 with 21,249,700 shares traded. Alcoa Inc. fell. 8 percent to $11.76 with 14,925,600 shares traded.
Bank of America Corp. fell$. 27 or 1.6 percent, to $16.89. Citigroup Inc. fell$. 05 or. 1 percent, to $47.28. Goldman Sachs fell$. 83 or. 5 percent, to $165.87.
LONDON, March 14- Britain will sell slightly fewer government bonds in its coming fiscal year as stronger economic growth and better public finances reduce its borrowing needs, a Reuters survey showed on Friday.
Bank of America Corp. fell$. 06 or. 3 percent, to $17.10. Citigroup Inc. rose$. 17 or. 4 percent, to $47.50. Goldman Sachs fell$. 16 or. 1 percent, to $166.54.
*Microsoft withdraws support for Windows XP on April 8. LONDON/ NEW YORK, March 14- Banks around the world, consumed with meeting more stringent capital regulations, will miss a deadline to upgrade outdated software for automated teller machines and face additional costs to Microsoft to keep them secure.
*Barclays has already announced 12,000 job cuts for group. March 13- Barclays has launched the third review of its investment bank in as many years, and is likely to cut more jobs and business areas as it battles to improve profitability, people familiar with the matter said.
Bank of America Corp. fell$. 12 or. 7 percent, to $17.16. Citigroup Inc. fell$. 65 or 1.4 percent, to $47.33. Goldman Sachs fell $3.02 or 1.8 percent, to $166.70.
March 13- Barclays is reviewing the size and shape of its investment bank, in a review that is expected to result in it shrinking and focusing on its most profitable areas, two people familiar with the matter said on Thursday. A spokesman for Barclays said there were no plans for any change in leadership in the investment bank.
*Few pointed questions from lawmakers apart from Citi query. WASHINGTON, March 13- Stanley Fischer, President Barack Obama's nominee to be No. 2 at the U.S.
TORONTO, March 13- Toronto-Dominion Bank hopes to expand its U.S. wealth management business, targeting a million people with at least $100,000 in liquid assets who already are customers of its growing U.S. retail bank, said a senior executive of Canada's second-largest lender.
*Credit Suisse also says sees slowdown in parts of fixed income. PARIS, March 13- Deutsche Bank said on Thursday it has had a "slow" start to the year in its investment bank, due to market uncertainty related to the crisis in Ukraine and concerns about economic growth in China and Germany.
*Fischer, Brainard, Powell expected to win Senate approval. WASHINGTON, March 13- Stanley Fischer, President Barack Obama's nominee to be No. 2 at the U.S.
*Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. *Unit seeks $20 bln to $25 bln valuation- Bloomberg. GE will look to raise as much as $3.5 billion from the IPO and seek a valuation of $20 billion to $25 billion for the unit, Bloomberg reported, citing people with knowledge of the matter.
WASHINGTON, March 13- Fed vice chair nominee Stanley Fischer on Thursday defended his ties to Citigroup Inc, saying that he would have been ill-prepared for his last central banking job without his experience at the mega-bank.
LONDON, March 13- Capital flight from Russia has risen sharply since the start of this year to $45- $50 billion, Goldman Sachs said on Thursday, predicting full-year outflows could be as much as $130 billion, or double 2013 levels.
*Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. March 13- General Electric Co's credit card unit filed for an initial public offering, the first step in the conglomerate's planned exit from the retail finance business.
*Goldman Sachs, JP Morgan, Citigroup, Morgan Stanley are lead underwriters. Synchrony Financial filed a $100 million placeholder with the U.S. Securities and Exchange Commission on Thursday and GE said it expects to complete the IPO later this year. Goldman Sachs& Co, JP Morgan, Citigroup and Morgan Stanley are lead underwriters for the IPO, according to the filing.
March 13- General Electric Co's North American retail finance business filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock. The business will operate under a new name, Synchrony Financial, GE said in a statement.
J.C. Penney is about to undo the centerpiece of former Chief Executive Officer Ron Johnson's failed vision to take the retailer upmarket.