Shares of big banking institutions could double under a best-case scenario, says value investor Rich Pzena.» Read More
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.
Sept 2- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a more than seven-fold rise in quarterly profit helped by higher investment banking revenues. The bank's preliminary net profit rose to $82 million for the third quarter ended Aug. 31, from $11.7 million a year earlier.
Bank of America Corp. rose$. 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.
Sept 2- Software maker Compuware Corp, under pressure from investors for more than a year over its poor performance, agreed to be taken private by investment firm Thoma Bravo LLC in a deal valued at about $2.5 billion.
Bank of America Corp. rose$. 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.
HONG KONG, Sept 2- Shanghai shares closed at their highest in 15 months on Tuesday as investors bet funds freed from last week's initial public offering subscriptions, selecting stocks expected to benefit from state firm reforms and the coming equity link between Shanghai and Hong Kong.
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.
Carlyle has brought to an end allegations that the world's largest private equity groups conspired to fix the prices of leveraged buyouts.
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.
NEW YORK, Aug 29- A U.S. judge on Friday dismissed antitrust litigation accusing Wall Street banks and commodity merchants including Goldman Sachs Group Inc and Glencore Plc of conspiring to drive up aluminum prices by reducing supply.
Aug 29- Carlyle Group LP has agreed to pay $115 million to settle a lawsuit accusing it of conspiring with other buyout firms not to outbid each other on some takeovers that occurred prior to the financial crisis, a person familiar with the matter said on Friday. Washington, D.C.- based Carlyle declined to comment.
Bank of America Corp. rose$. 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.
Scottsdale, Arizona- based Store Capital buys real estate from large tenants, such as chain restaurants, supermarkets and health clubs, and leases the properties back to the tenants. Reuters reported in July that Store Capital had hired banks to explore a potential offering that could raise $300 million to $500 million and value the company at about $2 billion.
Aug 29- Real estate company Store Capital Corp filed with U.S. regulators on Friday to raise up to $500 million in an initial public offering of common stock. The Scottsdale, Arizona- based company listed Goldman Sachs, Credit Suisse and Morgan Stanley among the underwriters to the IPO.
*Russia's ruble at all-time low vs dollar. NEW YORK, Aug 29- The dollar rose on Friday, with traders looking beyond soft U.S. consumer-spending data, while the steadily sliding euro won a reprieve on diminished expectations the European Central Bank will soon ease monetary policy.
NEW YORK, Aug 29- A year after Goldman Sachs bungled a software upgrade and lost tens of millions of dollars from unintended trades, the 12 U.S. stock options exchanges have crafted new rules for dealing with erroneous transactions, according to draft documents seen by Reuters.
WASHINGTON, Aug 29- U.S. consumer spending fell in July for the first time in six months, but confidence among households hit a seven-year high in August, suggesting the retrenchment would be temporary.
Bank of America Corp. rose$. 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.
NEW YORK, Aug 29- Morgan Stanley has quietly filed plans to build and run one of the first U.S. compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business.