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JPMorgan must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of mortgage-backed securities.
BEIJING, Sept 30- China cut mortgage rates and downpayment levels for some home buyers on Tuesday for the first time since the 2008 global financial crisis, making one of its biggest moves this year to boost an economy increasingly threatened by a sagging housing market.
BANGKOK, Sept 30- Thai factory output dropped for a 17th straight month and a central bank index showed consumption slipped in August, the latest signs that the country's economy is still sputtering.
*Alibaba leads way with record share listing. LONDON/ HONG KONG, Sept 30- Global equity capital markets returned with a vengeance in 2014 as bankers, investors and companies led a charge that culminated spectacularly in Alibaba, the biggest share listing ever.
Sept 29- Amag Pharmaceuticals Inc entered the women's healthcare business by acquiring privately held Lumara Health Inc for $675 million in its biggest deal ever, sending its shares up as much as 23 percent to a four-year high.
TORONTO, Sept 29- Even as BlackBerry pivots to focus more on software and services, the company that gained fame for its smartphones is not giving up on its handset business, two senior executives said.
Sept 29- Perfume and cosmetics maker Coty Inc said Chief Executive Michele Scannavini had stepped down for personal reasons, sending the company's shares down as much as 3 percent.
The European Central Bank is expected to publish the outcome of its bank asset quality review on Oct. 26 in a bid to convince investors- after three previous "stress tests" failed to spot subsequent problems- that Europe's lenders have sifted out their risky holdings and now have enough capital to withstand any more financial crisis-style shocks.
ZURICH, Sept 29- Switzerland's largest bank UBS warned it faced new fines after confirming it was holding talks to settle allegations it was involved in rigging foreign exchange rates.
ZURICH, Sept 29- Switzerland's UBS has begun settlement talks over allegations it was involved in manipulating foreign exchange rates, the bank said, and warned that it could face a material penalty in any deal struck.
U.S. Bank is refunding about $48 million in the latest federal settlement over improper billing for products that customers didn't receive.
Stocks were mildly lower on Thursday, a day after the S&P 500 jumped the most in more than a month.
Some market pros say regional banks like SunTrust can offer hefty returns as a pure play on rising interest rates.
Why are financial stocks the cornerstone of Warren Buffett's empire? His love of bank stocks can be explained in two key investing concepts.
JPMorgan was the top performing investment bank in the first half of the year, making $11.5 billion in revenue, data showed on Thursday.
Most bank stocks have risen from their recession lows, but still have a lot of room to grow. Rising rates promise to lift the sector.
Shares of Citizens Financial Group, the U.S. unit of Royal Bank of Scotland, rose less than 1 percent in their debut.
US energy and bank executives need to be prepared for Russian cyber-retaliation, says the director of the GWU Homeland Security Policy Institute.
The Dow and S&P 500 should increase 5 percent each from current levels by year's end, longtime stock market bull Thomas Lee tells CNBC.
Goldman Sachs has laid the groundwork to launch actively managed exchange-traded funds, the latest Wall Street bank to set its sights on the market.