Shares of big banking institutions could double under a best-case scenario, says value investor Rich Pzena.» Read More
NEW DELHI, Sept 3- Optimism that sunny growth figures herald an economic revival in India is probably misplaced- in fact there is little hard evidence to support the idea that Asia's third-largest economy is heading for a broader and sustained rebound anytime soon.
Bank of America Corp. rose$. 18 or 1.1 percent, to $16.27. Citigroup Inc. rose$. 31 or. 6 percent, to $51.96. Goldman Sachs rose$. 66 or. 4 percent, to $179.77.
Bank of America Corp. rose$. 04 or. 2 percent, to $16.13. Citigroup Inc. fell$. 08 or. 2 percent, to $51.57. Goldman Sachs fell$. 33 or. 2 percent, to $178.78.
A statute relied on by the banking regulator to bring this and similar cases on behalf of banks it seized "did not give the FDIC more time to bring claims that would otherwise have been lost," Stanton wrote.
Bank of America Corp. rose$. 02 or. 1 percent, to $16.11. Goldman Sachs rose$. 01 or percent, to $179.12. Morgan Stanley rose$. 01 or percent, to $34.33.
As they struggle to find new business to bolster earnings, banks consider the nation’s 25 million veterans and service members ideal customers.
LONDON, Sept 2- Zinc rose to a four-week high and aluminium neared an 18- month peak on Tuesday in markets driven by momentum-based speculators and computer-driven funds. Three-month zinc on the London Metal Exchange gained 1 percent to $2,380.50 a tonne by 1022 GMT, a high since Aug. 5.
FRANKFURT, Sept 2- Expectations for further policy action at the European Central Bank's meeting on Thursday are running high after ECB President Mario Draghi pledged to use all available tools to keep prices in check.
SYDNEY, Sept 2- London aluminum climbed close to an 18- month high on Tuesday, sending Shanghai futures up more than two percent in a rally that traders and analysts said appeared momentum driven and had overshot fundamentals.
*Citi, Commerz, DB, ENBD, MS, Stanchart to arrange deal. DUBAI, Sept 1- Emirates NBD, Dubai's largest lender, plans to sell a benchmark-sized capital-boosting bond, a document from lead managers said on Monday, looking to take advantage of favourable markets to strengthen its reserves.
LONDON, Sept 1- Copper prices slipped on Monday, pressured by weak factory data from China that raised concerns about the outlook for demand from the world's top metals consumer. Volumes were expected to remain subdued as markets in the United States were shut for the Labor Day holiday.
SYDNEY, Sept 1- London copper edged down on Monday, after ending August with its biggest monthly drop since March, as weak factory data from China stoked concerns of stuttering growth in the world's top metals consumer.
Bank of America Corp. rose$. 08 or. 5 percent, to $16.09. Citigroup Inc. rose$. 26 or. 5 percent, to $51.65. JPMorgan Chase rose$. 29 or. 5 percent, to $59.45.
District Judge Thomas Griesa in New York scheduled a hearing for Sept. 10 at 2:30 p.m. EDT following a request by a lawyer for Elliott Management's NML Capital Ltd, a creditor suing over Argentine bonds that have been in default since 2002..
MEXICO CITY, Aug 29- Mexican bread maker Grupo Bimbo, the world's largest baker and maker of Entenmann's cakes and Oroweat bread among other brands, said on Friday it is planning to sell new shares in Mexico and abroad, marking its first foreign listing.
Bank of America Corp. rose$. 07 or. 4 percent, to $16.08. Citigroup Inc. rose$. 24 or. 5 percent, to $51.63. Goldman Sachs rose$. 83 or. 5 percent, to $178.48.
LONDON, Aug 29- The beleaguered euro won temporary relief on Friday after euro zone inflation came in line with expectations and somewhat cooled speculation that the European Central Bank would ease monetary policy as early as next week.
The subpoenas are aimed at a US $4.7 bn facility provided by China Development Bank, ICBC and BOC to finance the construction of two hydroelectric dams in Patagonia and a US $2.1 bn loan from China Development Bank and ICBC to finance the Belgrano Cargas railway project.
Bank of America Corp. fell$. 19 or 1.2 percent, to $16.01. Citigroup Inc. fell$. 47 or. 9 percent, to $51.39. Wells Fargo fell$. 19 or. 4 percent, to $51.15.
WASHINGTON, Aug 28- The U.S. systemic risk council will meet on Sept. 4 to discuss naming nonbank financial firms for tougher regulatory oversight, the U.S. Treasury Department said on Thursday.