As fans pocket new iPhone 6 models, they'll be discovering a new function: Apple Pay. Will consumers and merchants adopt the new payment technology?» Read More
LONDON, Sept 18- Investors are starting to price the risk of Russia's credit rating falling to junk if Western sanctions and Moscow's response plunge the economy into recession and deplete its $450 billion reserves. Moody's, which rates Russia Baa1 or three notches above junk, said this week that the latest sanctions were credit negative.
WASHINGTON, Sept 17- The U.S. derivatives regulator on Wednesday proposed a new rule for safety margins for uncleared swaps, a last remaining building block in its efforts to make the $710 trillion global market safer.
Bank of America Corp. rose$. 06 or. 4 percent, to $16.77. JPMorgan Chase rose$. 32 or. 5 percent, to $60.31. US Bank rose$. 32 or. 8 percent, to $42.69.
In a speech before New York University School of Law, Holder made some of his most extensive comments yet on how the department might better prosecute white-collar crime, proposing larger rewards for Wall Street whistleblowers and more FBI agents with forensic accounting expertise.
WASHINGTON, Sept 17- The U.S. derivatives regulator on Wednesday met to propose a new rule for safety margins for uncleared swaps, a last remaining building block in its efforts to make the $710 trillion global market safer.
WASHINGTON— The Justice Department expects to bring criminal charges in the coming months in investigations involving financial institutions, Attorney General Eric Holder said Wednesday as he called for better incentives for Wall Street whistleblowers who report crime.
Citigroup Inc. rose$. 10 or. 2 percent, to $52.46. Goldman Sachs rose$. 33 or. 2 percent, to $184.37. JPMorgan Chase rose$. 04 or. 1 percent, to $60.03.
Bank of America Corp. rose$. 08 or. 5 percent, to $16.79. Citigroup Inc. rose$. 15 or. 3 percent, to $52.51. Goldman Sachs rose$. 45 or. 2 percent, to $184.49.
CHICAGO, Sept 17- Package delivery company FedEx Corp should enjoy a record holiday peak season thanks to the continued rise of online consumer sales in the United States, company officials said on Wednesday.
LONDON, Sept 17- Sterling crept higher on Wednesday, helped by a handful of polls showing the "No" camp holding onto a slender lead in the run-in to Thursday's referendum on Scottish independence.
Sept 16- Endo International Plc made an unsolicited offer to buy Auxilium Pharmaceuticals Inc for about $2.2 billion, which analysts said could complicate Auxilium's buyout of Canadian eye drug maker QLT Inc.
Bank of America Corp. fell$. 03 or. 2 percent, to $16.71. Citigroup Inc. rose$. 05 or. 1 percent, to $52.36. JPMorgan Chase rose$. 05 or. 1 percent, to $59.99.
WASHINGTON, Sept 16- A U.S. court on Tuesday largely rejected an attempt by banking groups to limit the U.S. swaps regulator's ability to apply its rules overseas, a hotly debated issue as the agency reins in the $710 trillion global market.
Citigroup Inc. fell$. 13 or. 2 percent, to $52.18. Goldman Sachs rose$. 17 or. 1 percent, to $184.15. JPMorgan Chase rose$. 15 or. 3 percent, to $60.09.
LONDON, Sept 16- Copper rose more than 1 percent on Tuesday helped by a weak dollar as the Federal Reserve began a two-day meeting that could adjust expectations about how soon the U.S. central bank will hike interest rates. "The dollar is collapsing and all commodities are going up," Nic Brown, head of commodities research at Natixis, said.
Bank of America Corp. rose$. 06 or. 4 percent, to $16.80. Citigroup Inc. fell$. 03 or. 1 percent, to $52.28. Goldman Sachs fell$. 47 or. 3 percent, to $183.52.
Sept 16- Shopping center operator Washington Prime Group will buy smaller peer Glimcher Realty Trust for about $2.06 billion, its biggest deal since being spun off from Simon Property Group Inc in May.
US banks are due to meet at Apple's headquarters to receive strict guidelines on how to advertise Apple Pay to customers. The FT reports.
LONDON, Sept 16- A renewed drop in the Australian dollar was the main move on major currency markets on Tuesday, with the dollar, euro and yen steady before potentially more dramatic events later in the week. Since then the Aussie has renewed its course, "said Graham Davidson, a spot currency dealer with National Australia Bank in London.
LONDON, Sept 16- Lead sank to a three-month low on Tuesday as speculators added to their bets that the battery metal would see more losses, while copper ticked higher on near-term shortages. Three-month lead fell to a session low of $2,086 a tonne, the weakest since June 16, before paring losses to $2,094 by 1012 GMT, down 0.2 percent.