Sinopec made a lackluster market debut on Thursday, casting doubt on a nascent recovery in IPO issuance in the city as investors remained cautious because of a weaker local stock market.» Read More
*Japanese econ minister says he hopes FX market can find' balance'. TOKYO, May 21- The dollar edged up against the yen on Tuesday after Japan's economy minister clarified earlier remarks about the yen's weakness that had toppled the greenback from a 4-1/ 2- year high against the Japanese currency on Monday.
May 20- JPMorgan Chase& Co, under pressure from New York officials, gave shareholders information about an upcoming vote that would increase oversight of Chairman and Chief Executive Jamie Dimon.
Earnings from several retailers are a highlight Tuesday, but, for traders, the Fed will remain the focus all week.
Pushing out Jamie Dimon would have no benefit for JPMorgan, Brad Hintz says.
Bank of America Corp. rose$. 08 or. 6 percent, to $13.51. Citigroup Inc. rose$. 15 or. 3 percent, to $51.60. Goldman Sachs rose$. 72 or. 5 percent, to $158.90.
As of this year, the U.S. Commodity Futures Trading Commission subjects companies trading more than $8 billion in swaps to tough oversight unless they do so to hedge price swings in their day-to-day business.
Gregg had been adviser to Goldman Sachs. Senator Judd Gregg as chief executive officer, in a move that may signal a desire to mend fences with ordinary Americans and U.S. Congress.
NEW YORK, May 20- The dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering U.S. bond purchases this week.
NEW YORK, May 20- The U.S. dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering bond purchases this week.
Dallas Fed President Richard Fisher and former Sen. Judd Gregg rail on CNBC against keeping taxpayers on the hook for the banks, but disagree on how to end the problem.
Some Wall Street strategists say bank stocks will continue to outperform, given improving loan fundamentals, attractive valuations and rising dividends.
NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. rose 2.3 percent to $4.17 with 18,890,700 shares traded. Bank of America Corp. rose. 9 percent to $13.56 with 53,010,700 shares traded.
Bank of America Corp. rose$. 13 or. 9 percent, to $13.56. Citigroup Inc. rose$. 47 or. 9 percent, to $51.92. Goldman Sachs rose$. 94 or. 6 percent, to $159.12.
NEW YORK, May 20- The yen climbed back from a 4-1/ 2- year low against the dollar on Monday after Japan's economy minister suggested the currency might have weakened enough. The economy minister, Akira Amari, said the yen's excessive strength had largely corrected and further weakness could damage Japan's economy.
HONG KONG, May 20- Goldman Sachs Group Inc launched the sale of about $1.1 billion worth of Hong Kong- traded shares in Industrial and Commercial Bank of China on Monday, offering its entire remaining stake in the world's biggest bank by market value. The sale would be the final chapter in Goldman's investment alongside clients and employees in China's ICBC.
Bank of America Corp. rose$. 03 or. 2 percent, to $13.46. Citigroup Inc. rose$. 02 or percent, to $51.47. Goldman Sachs fell$. 18 or. 1 percent, to $158.00.
After a scandal filled year, the chairman and CEO of JPMorgan Chase is in one of the greatest fights of his life.
NEW YORK-- Pulitzer Prize-winning biographer Ron Chernow was honored by his peers this weekend and in turn shared a few tips about his craft.
NEW YORK, May 20- The Securities Industry and Financial Markets Association named former Republican Senator Judd Gregg as its chief executive officer, the lobbying group said Monday.
Goldman Sachs is selling about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China, the world's biggest bank.