Bank of America said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately.» Read More
NEW YORK, Sept 26- Creditors suing Argentina over defaulted debt will not object to Citigroup Inc's request to put on hold a U.S. court order preventing it from processing an imminent payment issued under Argentina's local laws, a source said Friday.
RIO DE JANEIRO, Sept 26- Brazilian steelmaker Usiminas said on Friday its board had dismissed Chief Executive Julian Eguren in a divided vote, as two controlling stakeholders clashed over the appointment of senior managers in the firm.
Bank of America Corp. rose$. 11 or. 7 percent, to $16.96. Citigroup Inc. rose$. 32 or. 6 percent, to $52.28. Goldman Sachs rose$. 62 or. 3 percent, to $184.71.
NEW YORK, Sept 26- U.S. stock investors, despite finding few areas of the market that appear cheap with indexes near records, appear reluctant to jump into what could be the biggest bargain out there. Bank of America, Citigroup and JPMorgan Chase all have NIMs below the industry medium of 3.6 percent.
NEW YORK, Sept 26- The dollar rose on Friday and was tracking toward an 11th straight week of gains against a basket of currencies, which would extend the longest winning streak for the greenback since its 1971 free float under President Richard Nixon.
UK regulator is talking with six major banks for possible settlement on alleged foreign exchange market rigging.
LONDON, Sept 26- Britain's financial regulator has intensified talks with six major banks over allegations of collusion and manipulation in the foreign exchange market, setting the stage for a group settlement that could cost them close to 2 billion pounds.
*China official PMI seen at 51.2 in Sept vs 51.1 in Aug Data due on Oct 1 at 0100 GMT. BEIJING, Sept 26- Growth in China's manufacturing sector probably steadied in September as factory orders held up, a Reuters poll showed, providing some welcome relief for those who worry the Chinese economy is quickly losing steam.
SINGAPORE, Sept 26- Gold retained overnight gains on Friday and looked set to snap a three-week losing streak on weaker equities, but it continued to be in danger of breaking below the key $1,200- an-ounce level as the dollar was poised for an eleventh week of gains.
Bank of America Corp. fell$. 33 or 1.9 percent, to $16.85. Citigroup Inc. fell $1.30 or 2.4 percent, to $51.96. Goldman Sachs fell $3.72 or 2.0 percent, to $184.09.
Bank of America Corp. fell$. 24 or 1.4 percent, to $16.95. Citigroup Inc. fell$. 96 or 1.8 percent, to $52.31. Goldman Sachs fell $3.73 or 2.0 percent, to $184.08.
Some market pros say regional banks like SunTrust can offer hefty returns as a pure play on rising interest rates.
Bank of America Corp. fell$. 14 or. 8 percent, to $17.05. Citigroup Inc. fell$. 30 or. 6 percent, to $52.96. Goldman Sachs fell $1.68 or. 9 percent, to $186.13.
Why are financial stocks the cornerstone of Warren Buffett's empire? His love of bank stocks can be explained in two key investing concepts.
Pro sports leagues need to realize that "the line has moved" on what society deems as appropriate, says Richard Parsons, interim CEO of the LA Clippers.
JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue, data showed on Thursday.
Sept 25- For nearly a quarter-century, traders around the world have looked to a spot in Louisiana for the best price of U.S. natural gas.
*Citi: Market overplaying concerns of weak copper outlook. LONDON, Sept 25- Copper and base metals stumbled on Thursday, and some analysts expected more losses, partly because of a strong dollar and worries that weak global growth will curb demand.
LONDON, Sept 25- JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue and ranking first for both its fixed income and deals advisory businesses, data showed on Thursday.
*Citi says market overplaying concerns of weak copper outlook. SYDNEY, Sept 25- London copper surrendered modest gains on Thursday, bowing to profit-taking after sprinting higher on bullish economic comments from central bankers.