A JPMorgan Chase unit will pay $650,000 to resolve charges that it submitted inaccurate reports about positions held by some of its large clients.» Read More
Bank of America Corp. rose$. 13 or. 8 percent, to $15.47. Citigroup Inc. rose$. 74 or 1.5 percent, to $50.16. Goldman Sachs rose$. 83 or. 5 percent, to $176.37.
LONDON, July 30- Miscreant bankers face having their bonuses clawed back for up to seven years after their award under measures set out on Wednesday by the Bank of England, as it tightens its regulatory clampdown on wrongdoing in the financial sector.
MILAN, July 30- Italy paid record low yields on Wednesday to sell five- and 10- year bonds as large redemption flows and expectations of further monetary easing in the euro area helped feed demand.
*Manufacturing growth in China expands. LONDON/ SYDNEY, July 30- Lead and zinc fell on Wednesday as investors took profits after a rally by both metals this month, but a brighter global economic outlook could see industrial metals resuming their rise. Part of that is driven by improving macro sentiment, "said commodity analyst Ivan Szpakowski of Citi in Shanghai.
LONDON, July 30- The euro fell below $1.34 on Wednesday for the first time since last November before German inflation data that was likely to add to the case for the European Central Bank pumping more money into a moribund economy.
NEW YORK/ BUENOS AIRES, July 29- Several hours of negotiations between Argentine officials and holdout investors ended without a resolution, Economy Minister Axel Kicillof said in New York on Tuesday, just a day before the nation faces a possible default. If a deal is not reached, Argentina faces another default on its sovereign obligations.
NEW YORK/ BUENOS AIRES, July 29- Several hours of negotiations between Argentine officials and holdout investors ended without a resolution, Economy Minister Axel Kicillof said in New York on Tuesday, just a day before the nation faces a possible default.
NEW YORK/ BUENOS AIRES, July 29- Argentine Economy Minister Axel Kicillof unexpectedly arrived in New York on Tuesday to join last-minute debt negotiations with "holdout" investors in a bid to avert a default.
Biologic drugmaker Amgen said Tuesday that it will lay off 12 to 15 percent of its worldwide workforce and close four sites, even as it reported stellar second-quarter results that trounced Wall Street expectations. Amgen also raised its forecasts for its 2014 profit and revenue, driving up its shares.
Aetna's second-quarter profit climbed more than 2 percent, as gains from an acquisition helped the health insurer top expectations and raise its 2014 earnings forecast again.
*Renault cost-cutting boosts margin as sales decline. PARIS, July 29- Renault made progress towards a core profitability goal as cost-cutting helped to counter currency headwinds in the first half, the French carmaker said, but sales and cash flow suffered ahead of the replacement of key models.
Bank of America Corp. fell$. 09 or. 6 percent, to $15.50. Citigroup Inc. fell$. 33 or. 7 percent, to $49.70. Goldman Sachs rose$. 55 or. 3 percent, to $175.95.
NEW YORK, July 28- A U.S. judge on Monday said Citigroup Inc could make a one-time interest payment on Argentina bonds governed by that country's law, and which are held by creditors that participated in the country's prior debt restructurings.
Bank of America Corp. fell$. 12 or. 8 percent, to $15.47. Citigroup Inc. fell$. 37 or. 7 percent, to $49.66. US Bank fell$. 37 or. 9 percent, to $42.38.
Bank of America Corp. fell$. 06 or. 4 percent, to $15.53. Citigroup Inc. fell$. 15 or. 3 percent, to $49.88. Goldman Sachs rose$. 01 or percent, to $175.41.
LONDON— Lloyds Banking Group is paying $369 million to U.S. and British authorities to settle allegations it manipulated a key global interest rate.
*UK break-up seen as outside chance. Last week saw the first glimmer of action in currency markets to protect against the possibility of Scotland voting on Sept. 18 to break away from the United Kingdom.
NEW YORK, July 25- A former middle manager at Citigroup's Banamex unit in Mexico denied he was involved in abetting a corporate loan fraud involving oil pipeline maintenance company Oceanografia.
The Securities and Exchange Commission announced the settlement with Citigroup's LavaFlow Inc. on Friday. The settlement includes a $2.85 million penalty, the largest the SEC has imposed on an alternative trading system.
NEW YORK, July 25- A business unit of Citigroup will pay $5 million to settle civil charges that one of its private trading venues violated federal law by failing to protect clients' confidential trading data, U.S. regulators said on Friday.