Some big banks have discussed withholding campaign donations to Democrats in symbolic protest of Elizabeth Warren's calls for them to be broken up.» Read More
Ocwen Financial has rebutted allegations that the company was responsible for poor mortgage-servicing practices, the Wall Street Journal reported.
*Copper breaks above 100- day moving average. LONDON, March 23- Lead prices climbed on Monday on concern about potential shortages after a dramatic drop in available inventories while a weaker dollar helped to support other metals, with copper rising to its highest in more than two months. I don't know if it's the biggest single percentage cancellation move on...
March 23- Ocwen Financial Corp has rebutted allegations that the company was responsible for poor mortgage-servicing practices and argued it should not be removed as a servicer on mortgage pools, the Wall Street Journal reported. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and trustees in January, alleging improper loan...
BUENOS AIRES, March 22- Citigroup Inc said it has been authorized by a U.S. judge to process two Argentine debt payments, the bank said, which could ease tensions between the bank and the default-hit nation. District Judge Thomas Griesa in New York ruled that Argentina must settle with the hedge funds seeking full payment on their defaulted sovereign bonds before...
NEW YORK, March 22- Government bond issuers are adopting new standards intended to thwart a strategy that's plagued Argentina for 13 years, in which buyers snap up distressed debt for pennies on the dollar and then hold out for full payment after other investors have agreed to restructure. Driving the move to change is the situation in Argentina, lawyers and...
Bank of America Corp. rose$. 23 or 1.5 percent, to $15.84. Citigroup Inc. rose$. 60 or 1.1 percent, to $52.98. Goldman Sachs rose $3.16 or 1.7 percent, to $193.13.
March 20- Bank of America Corp joined a growing list of U.S. companies that are changing their corporate governance rules to make it easier for shareholders to nominate directors, after talks with pension funds. New York City Comptroller Scott Stringer, who oversees pension funds and has pushed for proxy access at other companies, said Bank of America made its...
Bank of America Corp. rose$. 26 or 1.7 percent, to $15.87. Citigroup Inc. rose$. 74 or 1.4 percent, to $53.12. Goldman Sachs rose $3.06 or 1.6 percent, to $193.03.
March 20- Bank of America Corp joined a growing list of U.S. companies that are changing their corporate governance rules to make it easier for shareholders to nominate directors. Shareholders who own more than 3 percent of BofA shares are Vanguard Group, State Street Global Advisors, BlackRock Institutional Trust and Fidelity Management& Research Co,...
Bank of America Corp. rose$. 17 or 1.1 percent, to $15.78. Citigroup Inc. rose$. 54 or 1.0 percent, to $52.92. Goldman Sachs rose $2.02 or 1.1 percent, to $191.99.
NEW YORK— Mall operator Simon Property boosted its hostile bid for rival Macerich by 5 percent to $16.8 billion and said it will be its best and final offer. Simon set an April 1 deadline for Macerich to respond to the offer or it will be withdrawn. Simon, which has a 3.6 percent stake in Macerich, said it won't seek to nominate directors for Macerich's board.
Web-hosting company GoDaddy's initial public offering comes amid a steep drop in the number of companies going public in the U.S.
New, disruptive technologies can make existing products and industries irrelevant faster than ever, but measuring the economic impact is also tougher.
Many investors are betting that Samsung's Galaxy S6 devices will take the stock to record highs.
Bank of America Corp. fell$. 31 or 1.9 percent, to $15.68. Citigroup Inc. fell $1.27 or 2.4 percent, to $52.45. Goldman Sachs fell $2.42 or 1.3 percent, to $189.90.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Alcoa Inc. fell 3.5 percent to $12.81 with 21,018,100 shares traded. Bank of America Corp. fell 1.9 percent to $15.68 with 61,513,800 shares traded.
Bank of America Corp. fell$. 19 or 1.2 percent, to $15.79. Citigroup Inc. fell$. 71 or 1.3 percent, to $53.01. Goldman Sachs fell $1.04 or. 5 percent, to $191.28.
Take a look at some of Thursday's early movers:
Citigroup cut Michael Corbat's annual compensation by 10.3 percent in 2014—here's why.
BoA must allow shareholders to vote on a proposal that calls for the company to consider spinning off its investment banking business.